DA20.DE vs. XLKQ.L

Last updated Jun 5, 2026

DA20.DE (Bitwise MSCI Digital Assets Select 20 ETP) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both exchange-traded funds - DA20.DE is a Cryptocurrency fund tracking the MSCI Global Digital Assets Select Top 20 Capped Index, while XLKQ.L is a Technology Equities fund tracking the S&P Select Sector Capped 20% Technology Index. Both are passively managed. Over the past 3 years, DA20.DE returned 11.60%/yr vs 32.98%/yr for XLKQ.L. At a 0.30 correlation, their price movements are largely independent. DA20.DE charges 1.49%/yr vs 0.14%/yr for XLKQ.L.

Performance

DA20.DE vs. XLKQ.L - 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 Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DA20.DE is traded in EUR, while XLKQ.L is traded in GBp. To make them comparable, the XLKQ.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, DA20.DE achieves a -35.04% return, which is significantly lower than XLKQ.L's 24.91% return.

DA20.DE

• 1D: -4.79%
• 1M: -20.97%
• YTD: -35.04%
• 6M: -41.28%
• 1Y: -42.47%
• 3Y*: 11.60%
• 5Y*: —
• 10Y*: —

XLKQ.L

• 1D: -2.32%
• 1M: 14.20%
• YTD: 24.91%
• 6M: 23.54%
• 1Y: 50.48%
• 3Y*: 32.98%
• 5Y*: 26.44%
• 10Y*: 26.02%

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

DA20.DE vs. XLKQ.L - 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%
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc	24.91%	9.72%	50.98%	35.33%

Correlation

The correlation between DA20.DE and XLKQ.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (All Time) Calculated using the full available price history since Apr 25, 2023	0.30

Return for Risk

DA20.DE vs. XLKQ.L — 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

XLKQ.L

XLKQ.L Risk / Return Rank: 73
XLKQ.L Sharpe Ratio Rank: 86
XLKQ.L Sortino Ratio Rank: 81
XLKQ.L Omega Ratio Rank: 78
XLKQ.L Calmar Ratio Rank: 66
XLKQ.L Martin Ratio Rank: 51

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. XLKQ.L - 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 Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L). 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	XLKQ.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.84	2.55	-3.38
Sortino ratio: Return per unit of downside risk	-1.16	3.26	-4.42
Omega ratio: Gain probability vs. loss probability	0.88	1.41	-0.54
Calmar ratio: Return relative to maximum drawdown	-0.71	3.18	-3.90
Martin ratio: Return relative to average drawdown	-1.21	8.52	-9.72
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. XLKQ.L - Sharpe Ratio Comparison

The current DA20.DE Sharpe Ratio is -0.84, which is lower than the XLKQ.L Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of DA20.DE and XLKQ.L, 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	XLKQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.84	2.55	-3.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	1.23	-1.01

Drawdowns

DA20.DE vs. XLKQ.L - Drawdown Comparison

The maximum DA20.DE drawdown since its inception was -59.43%, which is greater than XLKQ.L's maximum drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for DA20.DE and XLKQ.L.

Drawdown Indicators

	DA20.DE	XLKQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-59.43%	-30.78%	-28.65%
Max Drawdown (1Y) Largest decline over 1 year	-59.43%	-15.78%	-43.65%
Max Drawdown (3Y) Largest decline over 3 years	-59.43%	-30.46%	-28.97%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.78%	—
Current Drawdown Current decline from peak	-59.43%	-3.01%	-56.42%
Average Drawdown Average peak-to-trough decline	-20.27%	-5.56%	-14.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.14%	5.91%	+29.23%

Volatility

DA20.DE vs. XLKQ.L - Volatility Comparison

Bitwise MSCI Digital Assets Select 20 ETP (DA20.DE) has a higher volatility of 10.85% compared to Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) at 6.61%. This indicates that DA20.DE's price experiences larger fluctuations and is considered to be riskier than XLKQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DA20.DE	XLKQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.85%	6.61%	+4.24%
Volatility (6M) Calculated over the trailing 6-month period	36.45%	14.55%	+21.90%
Volatility (1Y) Calculated over the trailing 1-year period	50.62%	19.72%	+30.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.72%	22.75%	+29.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.72%	22.09%	+30.63%

DA20.DE vs. XLKQ.L - Expense Ratio Comparison

DA20.DE has a 1.49% expense ratio, which is higher than XLKQ.L's 0.14% expense ratio.

Dividends

DA20.DE vs. XLKQ.L - Dividend Comparison

Neither DA20.DE nor XLKQ.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

DA20.DE and XLKQ.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DA20.DE or XLKQ.L?

On fees, XLKQ.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DA20.DE or XLKQ.L?

XLKQ.L is cheaper with a 0.14% expense ratio, compared with 1.49% for DA20.DE.

What is the main difference between DA20.DE and XLKQ.L?

DA20.DE is categorized as Cryptocurrency, while XLKQ.L is Technology Equities. DA20.DE tracks MSCI Global Digital Assets Select Top 20 Capped Index, while XLKQ.L tracks S&P Select Sector Capped 20% Technology Index. They also come from different issuers: Bitwise and Invesco. Their fees differ too: 1.49% for DA20.DE and 0.14% for XLKQ.L.