21BC.DE vs. DA20.DE
21BC.DE (21Shares Bitcoin Core ETP) and DA20.DE (Bitwise MSCI Digital Assets Select 20 ETP) are both Cryptocurrency funds. 21BC.DE is actively managed, while DA20.DE is passively managed. Over the past 3 years, 21BC.DE returned 30.47%/yr vs 11.60%/yr for DA20.DE. Their correlation of 0.90 suggests significant overlap in exposure. 21BC.DE charges 0.10%/yr vs 1.49%/yr for DA20.DE.
Performance
21BC.DE vs. DA20.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 21BC.DE achieves a -26.52% return, which is significantly higher than DA20.DE's -35.04% return.
21BC.DE
- 1D
- -3.72%
- 1M
- -21.15%
- YTD
- -26.52%
- 6M
- -30.93%
- 1Y
- -40.57%
- 3Y*
- 30.47%
- 5Y*
- —
- 10Y*
- —
DA20.DE
- 1D
- -4.79%
- 1M
- -20.97%
- YTD
- -35.04%
- 6M
- -41.28%
- 1Y
- -42.47%
- 3Y*
- 11.60%
- 5Y*
- —
- 10Y*
- —
21BC.DE vs. DA20.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
21BC.DE 21Shares Bitcoin Core ETP | -26.52% | -16.55% | 130.13% | 56.38% |
DA20.DE Bitwise MSCI Digital Assets Select 20 ETP | -35.04% | -25.93% | 90.42% | 53.73% |
Correlation
The correlation between 21BC.DE and DA20.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2023 | 0.90 |
The correlation between 21BC.DE and DA20.DE has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
21BC.DE vs. DA20.DE — Risk / Return Rank
21BC.DE
DA20.DE
21BC.DE vs. DA20.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Bitcoin Core ETP (21BC.DE) and Bitwise MSCI Digital Assets Select 20 ETP (DA20.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.
| 21BC.DE | DA20.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.88 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.71 | -0.11 |
| Martin ratioReturn relative to average drawdown | -1.44 | -1.21 | -0.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 21BC.DE | DA20.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.02 | -0.84 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.22 | +0.29 |
Drawdowns
21BC.DE vs. DA20.DE - Drawdown Comparison
The maximum 21BC.DE drawdown since its inception was -49.40%, smaller than the maximum DA20.DE drawdown of -59.43%. Use the drawdown chart below to compare losses from any high point for 21BC.DE and DA20.DE.
Loading charts...
Drawdown Indicators
| 21BC.DE | DA20.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.40% | -59.43% | +10.03% |
Max Drawdown (1Y)Largest decline over 1 year | -49.40% | -59.43% | +10.03% |
Max Drawdown (3Y)Largest decline over 3 years | -49.40% | -59.43% | +10.03% |
Current DrawdownCurrent decline from peak | -48.60% | -59.43% | +10.83% |
Average DrawdownAverage peak-to-trough decline | -14.08% | -20.27% | +6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.16% | 35.14% | -6.98% |
Volatility
21BC.DE vs. DA20.DE - Volatility Comparison
The current volatility for 21Shares Bitcoin Core ETP (21BC.DE) is 9.82%, while Bitwise MSCI Digital Assets Select 20 ETP (DA20.DE) has a volatility of 10.85%. This indicates that 21BC.DE experiences smaller price fluctuations and is considered to be less risky than DA20.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 21BC.DE | DA20.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 10.85% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 31.06% | 36.45% | -5.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.61% | 50.62% | -11.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.63% | 52.72% | -6.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.63% | 52.72% | -6.09% |
21BC.DE vs. DA20.DE - Expense Ratio Comparison
21BC.DE has a 0.10% expense ratio, which is lower than DA20.DE's 1.49% expense ratio.
Dividends
21BC.DE vs. DA20.DE - Dividend Comparison
Neither 21BC.DE nor DA20.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, 21BC.DE and DA20.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, 21BC.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
21BC.DE is cheaper with a 0.10% expense ratio, compared with 1.49% for DA20.DE.
They also come from different issuers: 21Shares and Bitwise. Their fees differ too: 0.10% for 21BC.DE and 1.49% for DA20.DE.
Find the right allocation for 21BC.DE and DA20.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer