DA20.DE vs. ETHC.DE
DA20.DE (Bitwise MSCI Digital Assets Select 20 ETP) and ETHC.DE (21Shares Ethereum Core Staking ETP) are both Cryptocurrency funds. DA20.DE is passively managed, while ETHC.DE is actively managed. Over the past 3 years, DA20.DE returned 11.60%/yr vs -3.71%/yr for ETHC.DE. Their correlation of 0.92 suggests significant overlap in exposure. DA20.DE charges 1.49%/yr vs 0.10%/yr for ETHC.DE.
Performance
DA20.DE vs. ETHC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DA20.DE achieves a -35.04% return, which is significantly higher than ETHC.DE's -39.39% return.
DA20.DE
- 1D
- -4.79%
- 1M
- -21.08%
- YTD
- -35.04%
- 6M
- -38.56%
- 1Y
- -41.32%
- 3Y*
- 11.60%
- 5Y*
- —
- 10Y*
- —
ETHC.DE
- 1D
- -3.70%
- 1M
- -23.61%
- YTD
- -39.39%
- 6M
- -41.24%
- 1Y
- -31.83%
- 3Y*
- -3.71%
- 5Y*
- —
- 10Y*
- —
DA20.DE vs. ETHC.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% |
ETHC.DE 21Shares Ethereum Core Staking ETP | -39.39% | -21.50% | 52.05% | 27.54% |
Correlation
The correlation between DA20.DE and ETHC.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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2023 | 0.92 |
The correlation between DA20.DE and ETHC.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
DA20.DE vs. ETHC.DE — Risk / Return Rank
DA20.DE
ETHC.DE
DA20.DE vs. ETHC.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 Core Staking ETP (ETHC.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 | ETHC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.94 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.54 | -0.17 |
| Martin ratioReturn relative to average drawdown | -1.21 | -0.92 | -0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DA20.DE | ETHC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.84 | -0.56 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.06 | +0.16 |
Drawdowns
DA20.DE vs. ETHC.DE - Drawdown Comparison
The maximum DA20.DE drawdown since its inception was -59.43%, smaller than the maximum ETHC.DE drawdown of -64.71%. Use the drawdown chart below to compare losses from any high point for DA20.DE and ETHC.DE.
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Drawdown Indicators
| DA20.DE | ETHC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.43% | -64.71% | +5.28% |
Max Drawdown (1Y)Largest decline over 1 year | -59.43% | -61.46% | +2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -59.43% | -64.71% | +5.28% |
Current DrawdownCurrent decline from peak | -59.43% | -61.46% | +2.03% |
Average DrawdownAverage peak-to-trough decline | -20.27% | -23.30% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.14% | 36.26% | -1.12% |
Volatility
DA20.DE vs. ETHC.DE - Volatility Comparison
Bitwise MSCI Digital Assets Select 20 ETP (DA20.DE) has a higher volatility of 10.85% compared to 21Shares Ethereum Core Staking ETP (ETHC.DE) at 10.10%. This indicates that DA20.DE's price experiences larger fluctuations and is considered to be riskier than ETHC.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 | ETHC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.85% | 10.10% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 36.45% | 42.36% | -5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.62% | 59.70% | -9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.72% | 60.52% | -7.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.72% | 60.52% | -7.80% |
DA20.DE vs. ETHC.DE - Expense Ratio Comparison
DA20.DE has a 1.49% expense ratio, which is higher than ETHC.DE's 0.10% expense ratio.
Dividends
DA20.DE vs. ETHC.DE - Dividend Comparison
Neither DA20.DE nor ETHC.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, DA20.DE and ETHC.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, ETHC.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETHC.DE is cheaper with a 0.10% expense ratio, compared with 1.49% for DA20.DE.
They also come from different issuers: Bitwise and 21Shares. Their fees differ too: 1.49% for DA20.DE and 0.10% for ETHC.DE.
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