XTZS.DE vs. ETHA.DE
XTZS.DE (CoinShares Physical Tezos Staked ETP) and ETHA.DE (21Shares Ethereum Staking ETP) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, XTZS.DE returned -29.90%/yr vs -4.07%/yr for ETHA.DE. A 0.72 correlation means they provide meaningful diversification when combined. XTZS.DE charges 0.00%/yr vs 1.49%/yr for ETHA.DE.
Performance
XTZS.DE vs. ETHA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XTZS.DE having a -40.73% return and ETHA.DE slightly higher at -39.59%.
XTZS.DE
- 1D
- -6.58%
- 1M
- -23.64%
- YTD
- -40.73%
- 6M
- -38.06%
- 1Y
- -47.03%
- 3Y*
- -29.90%
- 5Y*
- —
- 10Y*
- —
ETHA.DE
- 1D
- -3.89%
- 1M
- -23.90%
- YTD
- -39.59%
- 6M
- -41.48%
- 1Y
- -32.56%
- 3Y*
- -4.07%
- 5Y*
- -6.03%
- 10Y*
- —
XTZS.DE vs. ETHA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTZS.DE CoinShares Physical Tezos Staked ETP | -40.73% | -64.02% | 36.49% | 47.61% | -74.77% |
ETHA.DE 21Shares Ethereum Staking ETP | -39.59% | -22.34% | 52.23% | 90.31% | -52.09% |
Correlation
The correlation between XTZS.DE and ETHA.DE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.72 |
The correlation between XTZS.DE and ETHA.DE has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.
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Return for Risk
XTZS.DE vs. ETHA.DE — Risk / Return Rank
XTZS.DE
ETHA.DE
XTZS.DE vs. ETHA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Tezos Staked ETP (XTZS.DE) and 21Shares Ethereum Staking ETP (ETHA.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.
| XTZS.DE | ETHA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.94 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.55 | -0.12 |
| Martin ratioReturn relative to average drawdown | -1.03 | -0.94 | -0.09 |
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
| XTZS.DE | ETHA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.62 | -0.57 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | -0.01 | -0.49 |
Drawdowns
XTZS.DE vs. ETHA.DE - Drawdown Comparison
The maximum XTZS.DE drawdown since its inception was -92.64%, which is greater than ETHA.DE's maximum drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for XTZS.DE and ETHA.DE.
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Drawdown Indicators
| XTZS.DE | ETHA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.64% | -76.82% | -15.82% |
Max Drawdown (1Y)Largest decline over 1 year | -70.88% | -61.72% | -9.16% |
Max Drawdown (3Y)Largest decline over 3 years | -83.16% | -64.71% | -18.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.82% | — |
Current DrawdownCurrent decline from peak | -92.64% | -64.41% | -28.23% |
Average DrawdownAverage peak-to-trough decline | -74.20% | -43.74% | -30.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.74% | 36.35% | +10.39% |
Volatility
XTZS.DE vs. ETHA.DE - Volatility Comparison
CoinShares Physical Tezos Staked ETP (XTZS.DE) has a higher volatility of 14.94% compared to 21Shares Ethereum Staking ETP (ETHA.DE) at 10.14%. This indicates that XTZS.DE's price experiences larger fluctuations and is considered to be riskier than ETHA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTZS.DE | ETHA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.94% | 10.14% | +4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 39.84% | 42.04% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.47% | 59.62% | +17.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.90% | 67.07% | +11.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.90% | 69.50% | +9.40% |
XTZS.DE vs. ETHA.DE - Expense Ratio Comparison
XTZS.DE has a 0.00% expense ratio, which is lower than ETHA.DE's 1.49% expense ratio.
Dividends
XTZS.DE vs. ETHA.DE - Dividend Comparison
Neither XTZS.DE nor ETHA.DE has paid dividends to shareholders.
Frequently Asked Questions
XTZS.DE and ETHA.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTZS.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTZS.DE is cheaper with a 0.00% expense ratio, compared with 1.49% for ETHA.DE.
They also come from different issuers: CoinShares and 21Shares. Their fees differ too: 0.00% for XTZS.DE and 1.49% for ETHA.DE.
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