DA20.DE vs. 21XL.DE
DA20.DE (Bitwise MSCI Digital Assets Select 20 ETP) and 21XL.DE (21Shares Chainlink ETP) are both Cryptocurrency funds. DA20.DE is passively managed, while 21XL.DE is actively managed. Over the past 3 years, DA20.DE returned 10.66%/yr vs 3.61%/yr for 21XL.DE. Their correlation of 0.84 suggests significant overlap in exposure. DA20.DE charges 1.49%/yr vs 2.50%/yr for 21XL.DE.
Performance
DA20.DE vs. 21XL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DA20.DE achieves a -33.33% return, which is significantly lower than 21XL.DE's -31.20% return.
DA20.DE
- 1D
- 0.00%
- 1M
- 1.81%
- 6M
- -39.73%
- YTD
- -33.33%
- 1Y
- -51.30%
- 3Y*
- 10.66%
- 5Y*
- —
- 10Y*
- —
21XL.DE
- 1D
- 0.00%
- 1M
- 4.06%
- 6M
- -37.51%
- YTD
- -31.20%
- 1Y
- -51.08%
- 3Y*
- 3.61%
- 5Y*
- —
- 10Y*
- —
DA20.DE vs. 21XL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DA20.DE Bitwise MSCI Digital Assets Select 20 ETP | -33.33% | -25.93% | 90.42% | 52.76% |
21XL.DE 21Shares Chainlink ETP | -31.20% | -48.85% | 35.52% | 112.05% |
Correlation
The correlation between DA20.DE and 21XL.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2023 | 0.84 |
The correlation between DA20.DE and 21XL.DE has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
DA20.DE vs. 21XL.DE — Risk / Return Rank
DA20.DE
21XL.DE
DA20.DE vs. 21XL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise MSCI Digital Assets Select 20 ETP (DA20.DE) and 21Shares Chainlink ETP (21XL.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.
| DA20.DE | 21XL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.89 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.70 | -0.11 |
| Martin ratioReturn relative to average drawdown | -1.26 | -0.97 | -0.29 |
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Drawdowns
DA20.DE vs. 21XL.DE - Drawdown Comparison
The maximum DA20.DE drawdown since its inception was -62.91%, smaller than the maximum 21XL.DE drawdown of -78.57%. Use the drawdown chart below to compare losses from any high point for DA20.DE and 21XL.DE.
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Drawdown Indicators
| DA20.DE | 21XL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.91% | -78.57% | +15.66% |
Max Drawdown (1Y)Largest decline over 1 year | -62.91% | -72.90% | +9.99% |
Max Drawdown (3Y)Largest decline over 3 years | -62.91% | -78.57% | +15.66% |
Current DrawdownCurrent decline from peak | -58.37% | -74.78% | +16.41% |
Average DrawdownAverage peak-to-trough decline | -21.72% | -47.50% | +25.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.73% | 52.64% | -11.91% |
Volatility
DA20.DE vs. 21XL.DE - Volatility Comparison
The current volatility for Bitwise MSCI Digital Assets Select 20 ETP (DA20.DE) is 11.67%, while 21Shares Chainlink ETP (21XL.DE) has a volatility of 12.87%. This indicates that DA20.DE experiences smaller price fluctuations and is considered to be less risky than 21XL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DA20.DE | 21XL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.67% | 12.87% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 35.28% | 40.69% | -5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.48% | 70.23% | -19.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.85% | 85.41% | -32.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.85% | 85.41% | -32.56% |
DA20.DE vs. 21XL.DE - Expense Ratio Comparison
DA20.DE has a 1.49% expense ratio, which is lower than 21XL.DE's 2.50% expense ratio.
Dividends
DA20.DE vs. 21XL.DE - Dividend Comparison
Neither DA20.DE nor 21XL.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, DA20.DE and 21XL.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, DA20.DE is cheaper at 1.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DA20.DE is cheaper with a 1.49% expense ratio, compared with 2.50% for 21XL.DE.
They also come from different issuers: Bitwise and 21Shares. Their fees differ too: 1.49% for DA20.DE and 2.50% for 21XL.DE.
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