DA20.DE vs. XBTI.DE

Last updated Jun 5, 2026

DA20.DE (Bitwise MSCI Digital Assets Select 20 ETP) and XBTI.DE (DDA Physical Bitcoin ETP A EUR) are both Cryptocurrency funds - DA20.DE tracks the MSCI Global Digital Assets Select Top 20 Capped Index while XBTI.DE tracks the Vinter Bitcoin Reference Index. Both are passively managed. Over the past 3 years, DA20.DE returned 11.60%/yr vs 29.46%/yr for XBTI.DE. Their correlation of 0.90 suggests significant overlap in exposure. DA20.DE charges 1.49%/yr vs 0.95%/yr for XBTI.DE.

Performance

DA20.DE vs. XBTI.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Bitwise MSCI Digital Assets Select 20 ETP (DA20.DE) and DDA Physical Bitcoin ETP A EUR (XBTI.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DA20.DE achieves a -35.04% return, which is significantly lower than XBTI.DE's -26.79% return.

DA20.DE

• 1D: -4.79%
• 1M: -21.08%
• YTD: -35.04%
• 6M: -38.56%
• 1Y: -41.32%
• 3Y*: 11.60%
• 5Y*: —
• 10Y*: —

XBTI.DE

• 1D: -3.75%
• 1M: -20.92%
• YTD: -26.79%
• 6M: -28.40%
• 1Y: -40.46%
• 3Y*: 29.46%
• 5Y*: 11.59%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DA20.DE vs. XBTI.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%
XBTI.DE DDA Physical Bitcoin ETP A EUR	-26.79%	-17.25%	128.20%	55.84%

Correlation

The correlation between DA20.DE and XBTI.DE is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Apr 25, 2023	0.90

The correlation between DA20.DE and XBTI.DE has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

DA20.DE vs. XBTI.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DA20.DE

DA20.DE Risk / Return Rank: 3
DA20.DE Sharpe Ratio Rank: 3
DA20.DE Sortino Ratio Rank: 3
DA20.DE Omega Ratio Rank: 3
DA20.DE Calmar Ratio Rank: 3
DA20.DE Martin Ratio Rank: 3

XBTI.DE

XBTI.DE Risk / Return Rank: 2
XBTI.DE Sharpe Ratio Rank: 1
XBTI.DE Sortino Ratio Rank: 1
XBTI.DE Omega Ratio Rank: 2
XBTI.DE Calmar Ratio Rank: 2
XBTI.DE Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DA20.DE vs. XBTI.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 DDA Physical Bitcoin ETP A EUR (XBTI.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	XBTI.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.84	-1.03	+0.20
Sortino ratio: Return per unit of downside risk	-1.16	-1.54	+0.38
Omega ratio: Gain probability vs. loss probability	0.88	0.83	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.71	-0.83	+0.11
Martin ratio: Return relative to average drawdown	-1.21	-1.45	+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.

DA20.DE vs. XBTI.DE - Sharpe Ratio Comparison

The current DA20.DE Sharpe Ratio is -0.84, which is comparable to the XBTI.DE Sharpe Ratio of -1.03. The chart below compares the historical Sharpe Ratios of DA20.DE and XBTI.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DA20.DE	XBTI.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.84	-1.03	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.05	+0.17

Drawdowns

DA20.DE vs. XBTI.DE - Drawdown Comparison

The maximum DA20.DE drawdown since its inception was -59.43%, smaller than the maximum XBTI.DE drawdown of -74.37%. Use the drawdown chart below to compare losses from any high point for DA20.DE and XBTI.DE.

Drawdown Indicators

	DA20.DE	XBTI.DE	Difference
Max Drawdown Largest peak-to-trough decline	-59.43%	-74.37%	+14.94%
Max Drawdown (1Y) Largest decline over 1 year	-59.43%	-49.53%	-9.90%
Max Drawdown (3Y) Largest decline over 3 years	-59.43%	-49.53%	-9.90%
Max Drawdown (5Y) Largest decline over 5 years	—	-74.37%	—
Current Drawdown Current decline from peak	-59.43%	-48.88%	-10.55%
Average Drawdown Average peak-to-trough decline	-20.27%	-33.28%	+13.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.14%	28.30%	+6.84%

Volatility

DA20.DE vs. XBTI.DE - Volatility Comparison

Bitwise MSCI Digital Assets Select 20 ETP (DA20.DE) has a higher volatility of 10.85% compared to DDA Physical Bitcoin ETP A EUR (XBTI.DE) at 9.92%. This indicates that DA20.DE's price experiences larger fluctuations and is considered to be riskier than XBTI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DA20.DE	XBTI.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.85%	9.92%	+0.93%
Volatility (6M) Calculated over the trailing 6-month period	36.45%	31.17%	+5.28%
Volatility (1Y) Calculated over the trailing 1-year period	50.62%	39.68%	+10.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.72%	52.68%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.72%	53.97%	-1.25%

DA20.DE vs. XBTI.DE - Expense Ratio Comparison

DA20.DE has a 1.49% expense ratio, which is higher than XBTI.DE's 0.95% expense ratio.

Dividends

DA20.DE vs. XBTI.DE - Dividend Comparison

Neither DA20.DE nor XBTI.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DA20.DE and XBTI.DE in my portfolio?

With a correlation of 0.93, DA20.DE and XBTI.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.

Which ETF is better, DA20.DE or XBTI.DE?

On fees, XBTI.DE is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DA20.DE or XBTI.DE?

XBTI.DE is cheaper with a 0.95% expense ratio, compared with 1.49% for DA20.DE.

What is the main difference between DA20.DE and XBTI.DE?

DA20.DE tracks MSCI Global Digital Assets Select Top 20 Capped Index, while XBTI.DE tracks Vinter Bitcoin Reference Index. They also come from different issuers: Bitwise and DDA. Their fees differ too: 1.49% for DA20.DE and 0.95% for XBTI.DE.