XLME.DE vs. HDX1.DE
XLME.DE (21Shares Stellar ETP) and HDX1.DE (Hashdex Nasdaq Crypto Index Europe ETP EUR) are both Cryptocurrency funds. XLME.DE is actively managed, while HDX1.DE is passively managed. Over the past 3 years, XLME.DE returned 25.76%/yr vs 19.62%/yr for HDX1.DE. A 0.68 correlation means they provide meaningful diversification when combined. XLME.DE charges 2.50%/yr vs 1.00%/yr for HDX1.DE.
Performance
XLME.DE vs. HDX1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XLME.DE achieves a -2.01% return, which is significantly higher than HDX1.DE's -29.97% return.
XLME.DE
- 1D
- -6.58%
- 1M
- 30.88%
- YTD
- -2.01%
- 6M
- -15.33%
- 1Y
- -24.44%
- 3Y*
- 25.76%
- 5Y*
- —
- 10Y*
- —
HDX1.DE
- 1D
- -3.83%
- 1M
- -21.06%
- YTD
- -29.97%
- 6M
- -32.20%
- 1Y
- -41.17%
- 3Y*
- 19.62%
- 5Y*
- —
- 10Y*
- —
XLME.DE vs. HDX1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XLME.DE 21Shares Stellar ETP | -2.01% | -45.22% | 165.66% | 71.95% | -35.31% |
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | -29.97% | -21.32% | 108.60% | 133.00% | -27.55% |
Correlation
The correlation between XLME.DE and HDX1.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022 | 0.68 |
The correlation between XLME.DE and HDX1.DE shifts across timeframes, from 0.68 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XLME.DE vs. HDX1.DE — Risk / Return Rank
XLME.DE
HDX1.DE
XLME.DE vs. HDX1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Stellar ETP (XLME.DE) and Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.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.
| XLME.DE | HDX1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.85 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | -0.79 | +0.41 |
| Martin ratioReturn relative to average drawdown | -0.55 | -1.36 | +0.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XLME.DE | HDX1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.34 | -0.96 | +0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.39 | -0.49 |
Drawdowns
XLME.DE vs. HDX1.DE - Drawdown Comparison
The maximum XLME.DE drawdown since its inception was -82.74%, which is greater than HDX1.DE's maximum drawdown of -53.03%. Use the drawdown chart below to compare losses from any high point for XLME.DE and HDX1.DE.
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Drawdown Indicators
| XLME.DE | HDX1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.74% | -53.03% | -29.71% |
Max Drawdown (1Y)Largest decline over 1 year | -70.51% | -53.03% | -17.48% |
Max Drawdown (3Y)Largest decline over 3 years | -78.28% | -53.03% | -25.25% |
Current DrawdownCurrent decline from peak | -68.57% | -53.03% | -15.54% |
Average DrawdownAverage peak-to-trough decline | -62.68% | -16.03% | -46.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.90% | 30.87% | +17.03% |
Volatility
XLME.DE vs. HDX1.DE - Volatility Comparison
21Shares Stellar ETP (XLME.DE) has a higher volatility of 32.82% compared to Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) at 10.07%. This indicates that XLME.DE's price experiences larger fluctuations and is considered to be riskier than HDX1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLME.DE | HDX1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.82% | 10.07% | +22.75% |
Volatility (6M)Calculated over the trailing 6-month period | 51.83% | 32.86% | +18.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.47% | 43.43% | +35.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.68% | 51.02% | +37.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.68% | 51.02% | +37.66% |
XLME.DE vs. HDX1.DE - Expense Ratio Comparison
XLME.DE has a 2.50% expense ratio, which is higher than HDX1.DE's 1.00% expense ratio.
Dividends
XLME.DE vs. HDX1.DE - Dividend Comparison
Neither XLME.DE nor HDX1.DE has paid dividends to shareholders.
Frequently Asked Questions
XLME.DE and HDX1.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDX1.DE is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDX1.DE is cheaper with a 1.00% expense ratio, compared with 2.50% for XLME.DE.
They also come from different issuers: 21Shares and Hashdex. Their fees differ too: 2.50% for XLME.DE and 1.00% for HDX1.DE.
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