DA20.DE vs. ALC0.DE
DA20.DE (Bitwise MSCI Digital Assets Select 20 ETP) and ALC0.DE (21Shares Algorand ETP) are both Cryptocurrency funds. DA20.DE is passively managed, while ALC0.DE is actively managed. Over the past 3 years, DA20.DE returned 11.60%/yr vs -15.06%/yr for ALC0.DE. A 0.78 correlation means they provide meaningful diversification when combined. DA20.DE charges 1.49%/yr vs 2.50%/yr for ALC0.DE.
Performance
DA20.DE vs. ALC0.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DA20.DE achieves a -35.04% return, which is significantly lower than ALC0.DE's -9.66% return.
DA20.DE
- 1D
- -4.79%
- 1M
- -20.97%
- YTD
- -35.04%
- 6M
- -41.28%
- 1Y
- -42.47%
- 3Y*
- 11.60%
- 5Y*
- —
- 10Y*
- —
ALC0.DE
- 1D
- -5.06%
- 1M
- -10.69%
- YTD
- -9.66%
- 6M
- -26.60%
- 1Y
- -48.88%
- 3Y*
- -15.06%
- 5Y*
- —
- 10Y*
- —
DA20.DE vs. ALC0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DA20.DE Bitwise MSCI Digital Assets Select 20 ETP | -35.04% | -25.93% | 90.42% | 53.73% |
ALC0.DE 21Shares Algorand ETP | -9.66% | -69.17% | 40.48% | 27.19% |
Correlation
The correlation between DA20.DE and ALC0.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2023 | 0.78 |
The correlation between DA20.DE and ALC0.DE has been stable across timeframes, ranging from 0.78 to 0.80 - 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
DA20.DE vs. ALC0.DE — Risk / Return Rank
DA20.DE
ALC0.DE
DA20.DE vs. ALC0.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 Algorand ETP (ALC0.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.
| DA20.DE | ALC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.92 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.66 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.21 | -0.97 | -0.24 |
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
| DA20.DE | ALC0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.84 | -0.65 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.45 | +0.67 |
Drawdowns
DA20.DE vs. ALC0.DE - Drawdown Comparison
The maximum DA20.DE drawdown since its inception was -59.43%, smaller than the maximum ALC0.DE drawdown of -91.38%. Use the drawdown chart below to compare losses from any high point for DA20.DE and ALC0.DE.
Loading charts...
Drawdown Indicators
| DA20.DE | ALC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.43% | -91.38% | +31.95% |
Max Drawdown (1Y)Largest decline over 1 year | -59.43% | -73.56% | +14.13% |
Max Drawdown (3Y)Largest decline over 3 years | -59.43% | -87.32% | +27.89% |
Current DrawdownCurrent decline from peak | -59.43% | -89.02% | +29.59% |
Average DrawdownAverage peak-to-trough decline | -20.27% | -74.41% | +54.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.14% | 50.32% | -15.18% |
Volatility
DA20.DE vs. ALC0.DE - Volatility Comparison
The current volatility for Bitwise MSCI Digital Assets Select 20 ETP (DA20.DE) is 10.85%, while 21Shares Algorand ETP (ALC0.DE) has a volatility of 20.62%. This indicates that DA20.DE experiences smaller price fluctuations and is considered to be less risky than ALC0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DA20.DE | ALC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.85% | 20.62% | -9.77% |
Volatility (6M)Calculated over the trailing 6-month period | 36.45% | 51.56% | -15.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.62% | 75.05% | -24.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.72% | 89.03% | -36.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.72% | 89.03% | -36.31% |
DA20.DE vs. ALC0.DE - Expense Ratio Comparison
DA20.DE has a 1.49% expense ratio, which is lower than ALC0.DE's 2.50% expense ratio.
Dividends
DA20.DE vs. ALC0.DE - Dividend Comparison
Neither DA20.DE nor ALC0.DE has paid dividends to shareholders.
Frequently Asked Questions
DA20.DE and ALC0.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 ALC0.DE.
They also come from different issuers: Bitwise and 21Shares. Their fees differ too: 1.49% for DA20.DE and 2.50% for ALC0.DE.
Find the right allocation for DA20.DE and ALC0.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