VETH.DE vs. AXTZ.DE

Last updated Jun 27, 2026

VETH.DE (VanEck Ethereum ETN) and AXTZ.DE (21Shares Tezos ETP) are both Cryptocurrency funds. VETH.DE is passively managed, while AXTZ.DE is actively managed. VETH.DE charges 1.00%/yr vs 2.50%/yr for AXTZ.DE.

Performance

VETH.DE vs. AXTZ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Ethereum ETN (VETH.DE) and 21Shares Tezos ETP (AXTZ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VETH.DE

• 1D: 0.00%
• 1M: -23.02%
• YTD: -45.93%
• 6M: -45.13%
• 1Y: -33.69%
• 3Y*: -7.15%
• 5Y*: -2.46%
• 10Y*: —

AXTZ.DE

• 1D: 0.48%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VETH.DE vs. AXTZ.DE - Yearly Performance Comparison

	2026 (YTD)
VETH.DE VanEck Ethereum ETN	0.00%
AXTZ.DE 21Shares Tezos ETP	0.48%

Return for Risk

VETH.DE vs. AXTZ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VETH.DE

VETH.DE Risk / Return Rank: 5
VETH.DE Sharpe Ratio Rank: 5
VETH.DE Sortino Ratio Rank: 5
VETH.DE Omega Ratio Rank: 5
VETH.DE Calmar Ratio Rank: 5
VETH.DE Martin Ratio Rank: 6

AXTZ.DE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VETH.DE vs. AXTZ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Ethereum ETN (VETH.DE) and 21Shares Tezos ETP (AXTZ.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VETH.DE	AXTZ.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	—	—
Sortino ratio: Return per unit of downside risk	-0.57	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.51	—	—
Martin ratio: Return relative to average drawdown	-0.86	—	—

Drawdowns

VETH.DE vs. AXTZ.DE - Drawdown Comparison

The maximum VETH.DE drawdown since its inception was -76.77%, which is greater than AXTZ.DE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VETH.DE and AXTZ.DE.

Drawdown Indicators

	VETH.DE	AXTZ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-76.77%	0.00%	-76.77%
Max Drawdown (1Y) Largest decline over 1 year	-65.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-65.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-76.77%	—	—
Current Drawdown Current decline from peak	-67.81%	0.00%	-67.81%
Average Drawdown Average peak-to-trough decline	-43.95%	0.00%	-43.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.38%	—	—

Volatility

Volatility by Period

	VETH.DE	AXTZ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	59.41%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.52%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.39%	—	—

VETH.DE vs. AXTZ.DE - Expense Ratio Comparison

VETH.DE has a 1.00% expense ratio, which is lower than AXTZ.DE's 2.50% expense ratio.

Dividends

VETH.DE vs. AXTZ.DE - Dividend Comparison

Neither VETH.DE nor AXTZ.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, VETH.DE or AXTZ.DE?

On fees, VETH.DE is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VETH.DE or AXTZ.DE?

VETH.DE is cheaper with a 1.00% expense ratio, compared with 2.50% for AXTZ.DE.

What is the main difference between VETH.DE and AXTZ.DE?

They also come from different issuers: VanEck and 21Shares. Their fees differ too: 1.00% for VETH.DE and 2.50% for AXTZ.DE.