XTZS.DE vs. IB1T.DE

Last updated Apr 2, 2026

Compare and contrast key facts about CoinShares Physical Tezos Staked ETP (XTZS.DE) and iShares Bitcoin ETP (IB1T.DE).

XTZS.DE and IB1T.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTZS.DE is an actively managed fund by CoinShares. It was launched on Jan 26, 2022. IB1T.DE is an actively managed fund by iShares. It was launched on Mar 18, 2025.

Performance

XTZS.DE vs. IB1T.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in CoinShares Physical Tezos Staked ETP (XTZS.DE) and iShares Bitcoin ETP (IB1T.DE). The values are adjusted to include any dividend payments, if applicable.

XTZS.DE vs. IB1T.DE - Yearly Performance Comparison

	2026 (YTD)	2025
XTZS.DE CoinShares Physical Tezos Staked ETP	-27.36%	-31.03%
IB1T.DE iShares Bitcoin ETP	-20.83%	-15.22%

Returns By Period

In the year-to-date period, XTZS.DE achieves a -27.36% return, which is significantly lower than IB1T.DE's -20.83% return.

XTZS.DE

• 1D: 0.67%
• 1M: -6.63%
• YTD: -27.36%
• 6M: -46.38%
• 1Y: -47.35%
• 3Y*: -30.40%
• 5Y*: —
• 10Y*: —

IB1T.DE

• 1D: 1.76%
• 1M: -0.24%
• YTD: -20.83%
• 6M: -40.99%
• 1Y: -24.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XTZS.DE vs. IB1T.DE - Expense Ratio Comparison

XTZS.DE has a 0.00% expense ratio, which is lower than IB1T.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

IB1T.DE

iShares Bitcoin ETP

XTZS.DE

CoinShares Physical Tezos Staked ETP

Return for Risk

XTZS.DE vs. IB1T.DE — Risk / Return Rank

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

XTZS.DE

XTZS.DE Risk / Return Rank: 3
XTZS.DE Sharpe Ratio Rank: 3
XTZS.DE Sortino Ratio Rank: 3
XTZS.DE Omega Ratio Rank: 4
XTZS.DE Calmar Ratio Rank: 2
XTZS.DE Martin Ratio Rank: 3

IB1T.DE

IB1T.DE Risk / Return Rank: 3
IB1T.DE Sharpe Ratio Rank: 3
IB1T.DE Sortino Ratio Rank: 3
IB1T.DE Omega Ratio Rank: 3
IB1T.DE Calmar Ratio Rank: 4
IB1T.DE Martin Ratio Rank: 3

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.

XTZS.DE vs. IB1T.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Tezos Staked ETP (XTZS.DE) and iShares Bitcoin ETP (IB1T.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	IB1T.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.58	-0.62	+0.03
Sortino ratio Return per unit of downside risk	-0.74	-0.70	-0.04
Omega ratio Gain probability vs. loss probability	0.92	0.92	0.00
Calmar ratio Return relative to maximum drawdown	-0.72	-0.53	-0.19
Martin ratio Return relative to average drawdown	-1.18	-1.14	-0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XTZS.DE vs. IB1T.DE - Sharpe Ratio Comparison

The current XTZS.DE Sharpe Ratio is -0.58, which is comparable to the IB1T.DE Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of XTZS.DE and IB1T.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XTZS.DE	IB1T.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.58	-0.62	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	-0.79	+0.31

Correlation

The correlation between XTZS.DE and IB1T.DE is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XTZS.DE vs. IB1T.DE - Dividend Comparison

Neither XTZS.DE nor IB1T.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

XTZS.DE vs. IB1T.DE - Drawdown Comparison

The maximum XTZS.DE drawdown since its inception was -91.04%, which is greater than IB1T.DE's maximum drawdown of -49.39%. Use the drawdown chart below to compare losses from any high point for XTZS.DE and IB1T.DE.

Drawdown Indicators

	XTZS.DE	IB1T.DE	Difference
Max Drawdown Largest peak-to-trough decline	-91.04%	-49.39%	-41.65%
Max Drawdown (1Y) Largest decline over 1 year	-64.55%	-49.39%	-15.16%
Current Drawdown Current decline from peak	-90.97%	-44.69%	-46.28%
Average Drawdown Average peak-to-trough decline	-73.52%	-17.25%	-56.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.35%	23.00%	+16.35%

Volatility

XTZS.DE vs. IB1T.DE - Volatility Comparison

The current volatility for CoinShares Physical Tezos Staked ETP (XTZS.DE) is 12.37%, while iShares Bitcoin ETP (IB1T.DE) has a volatility of 13.11%. This indicates that XTZS.DE experiences smaller price fluctuations and is considered to be less risky than IB1T.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTZS.DE	IB1T.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.37%	13.11%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	44.69%	32.55%	+12.14%
Volatility (1Y) Calculated over the trailing 1-year period	81.01%	40.25%	+40.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.85%	40.76%	+39.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.85%	40.76%	+39.09%