DA20.DE vs. VETH.DE
DA20.DE (Bitwise MSCI Digital Assets Select 20 ETP) and VETH.DE (VanEck Ethereum ETN) are both Cryptocurrency funds - DA20.DE tracks the MSCI Global Digital Assets Select Top 20 Capped Index while VETH.DE tracks the MVIS CryptoCompare Ethereum VWAP Close Index. Both are passively managed. Over the past 3 years, DA20.DE returned 11.60%/yr vs -4.01%/yr for VETH.DE. Their correlation of 0.92 suggests significant overlap in exposure. DA20.DE charges 1.49%/yr vs 1.00%/yr for VETH.DE.
Performance
DA20.DE vs. VETH.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 VETH.DE's -39.67% return.
DA20.DE
- 1D
- -4.79%
- 1M
- -21.08%
- YTD
- -35.04%
- 6M
- -38.56%
- 1Y
- -41.32%
- 3Y*
- 11.60%
- 5Y*
- —
- 10Y*
- —
VETH.DE
- 1D
- -3.74%
- 1M
- -23.74%
- YTD
- -39.67%
- 6M
- -41.55%
- 1Y
- -32.43%
- 3Y*
- -4.01%
- 5Y*
- -7.06%
- 10Y*
- —
DA20.DE vs. VETH.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% |
VETH.DE VanEck Ethereum ETN | -39.67% | -21.95% | 52.69% | 26.98% |
Correlation
The correlation between DA20.DE and VETH.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 VETH.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. VETH.DE — Risk / Return Rank
DA20.DE
VETH.DE
DA20.DE vs. VETH.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 VanEck Ethereum ETN (VETH.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 | VETH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.94 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.55 | -0.16 |
| Martin ratioReturn relative to average drawdown | -1.21 | -0.93 | -0.27 |
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 | VETH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.84 | -0.57 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.02 | +0.24 |
Drawdowns
DA20.DE vs. VETH.DE - Drawdown Comparison
The maximum DA20.DE drawdown since its inception was -59.43%, smaller than the maximum VETH.DE drawdown of -76.77%. Use the drawdown chart below to compare losses from any high point for DA20.DE and VETH.DE.
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Drawdown Indicators
| DA20.DE | VETH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.43% | -76.77% | +17.34% |
Max Drawdown (1Y)Largest decline over 1 year | -59.43% | -61.72% | +2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -59.43% | -64.62% | +5.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.77% | — |
Current DrawdownCurrent decline from peak | -59.43% | -64.08% | +4.65% |
Average DrawdownAverage peak-to-trough decline | -20.27% | -43.71% | +23.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.14% | 36.40% | -1.26% |
Volatility
DA20.DE vs. VETH.DE - Volatility Comparison
Bitwise MSCI Digital Assets Select 20 ETP (DA20.DE) has a higher volatility of 10.85% compared to VanEck Ethereum ETN (VETH.DE) at 10.16%. This indicates that DA20.DE's price experiences larger fluctuations and is considered to be riskier than VETH.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 | VETH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.85% | 10.16% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 36.45% | 42.41% | -5.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.62% | 59.68% | -9.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.72% | 68.20% | -15.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.72% | 71.44% | -18.72% |
DA20.DE vs. VETH.DE - Expense Ratio Comparison
DA20.DE has a 1.49% expense ratio, which is higher than VETH.DE's 1.00% expense ratio.
Dividends
DA20.DE vs. VETH.DE - Dividend Comparison
Neither DA20.DE nor VETH.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, DA20.DE and VETH.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, VETH.DE is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VETH.DE is cheaper with a 1.00% expense ratio, compared with 1.49% for DA20.DE.
DA20.DE tracks MSCI Global Digital Assets Select Top 20 Capped Index, while VETH.DE tracks MVIS CryptoCompare Ethereum VWAP Close Index. They also come from different issuers: Bitwise and VanEck. Their fees differ too: 1.49% for DA20.DE and 1.00% for VETH.DE.
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