DA20.DE vs. ETHA.DE
DA20.DE (Bitwise MSCI Digital Assets Select 20 ETP) and ETHA.DE (21Shares Ethereum Staking ETP) are both Cryptocurrency funds. DA20.DE is passively managed, while ETHA.DE is actively managed. Over the past 3 years, DA20.DE returned 10.66%/yr vs -0.83%/yr for ETHA.DE. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 1.49% expense ratio.
Performance
DA20.DE vs. ETHA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DA20.DE having a -33.33% return and ETHA.DE slightly lower at -34.84%.
DA20.DE
- 1D
- 0.00%
- 1M
- 1.81%
- 6M
- -39.73%
- YTD
- -33.33%
- 1Y
- -51.30%
- 3Y*
- 10.66%
- 5Y*
- —
- 10Y*
- —
ETHA.DE
- 1D
- 0.00%
- 1M
- 8.33%
- 6M
- -41.54%
- YTD
- -34.84%
- 1Y
- -44.18%
- 3Y*
- -0.83%
- 5Y*
- —
- 10Y*
- —
DA20.DE vs. ETHA.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% |
ETHA.DE 21Shares Ethereum Staking ETP | -34.84% | -22.34% | 52.23% | 22.52% |
Correlation
The correlation between DA20.DE and ETHA.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2023 | 0.93 |
The correlation between DA20.DE and ETHA.DE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
DA20.DE vs. ETHA.DE — Risk / Return Rank
DA20.DE
ETHA.DE
DA20.DE vs. ETHA.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 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.
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 | ETHA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| 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 | -0.67 | -0.14 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.05 | -0.21 |
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Drawdowns
DA20.DE vs. ETHA.DE - Drawdown Comparison
The maximum DA20.DE drawdown since its inception was -62.91%, smaller than the maximum ETHA.DE drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for DA20.DE and ETHA.DE.
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Drawdown Indicators
| DA20.DE | ETHA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.91% | -76.82% | +13.91% |
Max Drawdown (1Y)Largest decline over 1 year | -62.91% | -65.73% | +2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -62.91% | -65.73% | +2.82% |
Current DrawdownCurrent decline from peak | -58.37% | -61.61% | +3.24% |
Average DrawdownAverage peak-to-trough decline | -21.72% | -45.87% | +24.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.73% | 42.11% | -1.38% |
Volatility
DA20.DE vs. ETHA.DE - Volatility Comparison
The current volatility for Bitwise MSCI Digital Assets Select 20 ETP (DA20.DE) is 11.67%, while 21Shares Ethereum Staking ETP (ETHA.DE) has a volatility of 13.25%. This indicates that DA20.DE experiences smaller price fluctuations and is considered to be less risky 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
| DA20.DE | ETHA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.67% | 13.25% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 35.28% | 41.09% | -5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.48% | 58.94% | -8.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.85% | 66.34% | -13.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.85% | 66.34% | -13.49% |
DA20.DE vs. ETHA.DE - Expense Ratio Comparison
Both DA20.DE and ETHA.DE have an expense ratio of 1.49%.
Dividends
DA20.DE vs. ETHA.DE - Dividend Comparison
Neither DA20.DE nor ETHA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, DA20.DE and ETHA.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.
Both ETFs have the same 1.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DA20.DE and ETHA.DE have the same expense ratio: 1.49% per year.
They also come from different issuers: Bitwise and 21Shares.
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