DAVV.DE vs. BTCE.DE
DAVV.DE (VanEck Crypto and Blockchain Innovators UCITS ETF) and BTCE.DE (ETC Group Physical Bitcoin) are both exchange-traded funds - DAVV.DE is a Technology Equities fund tracking the MVIS Global Digital Assets Equity, while BTCE.DE is a Cryptocurrency fund actively managed by ETC Issuance. DAVV.DE is passively managed, while BTCE.DE is actively managed. Over the past 5 years, DAVV.DE returned -1.30%/yr vs 10.38%/yr for BTCE.DE. A 0.72 correlation means they provide meaningful diversification when combined. DAVV.DE charges 0.65%/yr vs 2.00%/yr for BTCE.DE.
Performance
DAVV.DE vs. BTCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DAVV.DE achieves a 27.16% return, which is significantly higher than BTCE.DE's -27.02% return.
DAVV.DE
- 1D
- -3.80%
- 1M
- -3.04%
- YTD
- 27.16%
- 6M
- 15.92%
- 1Y
- 47.52%
- 3Y*
- 52.28%
- 5Y*
- -1.30%
- 10Y*
- —
BTCE.DE
- 1D
- -3.79%
- 1M
- -20.74%
- YTD
- -27.02%
- 6M
- -28.97%
- 1Y
- -41.00%
- 3Y*
- 28.04%
- 5Y*
- 10.38%
- 10Y*
- —
DAVV.DE vs. BTCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DAVV.DE VanEck Crypto and Blockchain Innovators UCITS ETF | 27.16% | -0.68% | 37.42% | 337.08% | -85.83% | -25.89% |
BTCE.DE ETC Group Physical Bitcoin | -27.02% | -18.20% | 125.79% | 146.52% | -63.89% | -13.04% |
Correlation
The correlation between DAVV.DE and BTCE.DE is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.72 |
The correlation between DAVV.DE and BTCE.DE has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.
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Return for Risk
DAVV.DE vs. BTCE.DE — Risk / Return Rank
DAVV.DE
BTCE.DE
DAVV.DE vs. BTCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Crypto and Blockchain Innovators UCITS ETF (DAVV.DE) and ETC Group Physical Bitcoin (BTCE.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.
| DAVV.DE | BTCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.83 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | -0.83 | +1.86 |
| Martin ratioReturn relative to average drawdown | 1.90 | -1.46 | +3.36 |
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Drawdowns
DAVV.DE vs. BTCE.DE - Drawdown Comparison
The maximum DAVV.DE drawdown since its inception was -91.53%, which is greater than BTCE.DE's maximum drawdown of -74.62%. Use the drawdown chart below to compare losses from any high point for DAVV.DE and BTCE.DE.
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Drawdown Indicators
| DAVV.DE | BTCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.53% | -74.62% | -16.91% |
Max Drawdown (1Y)Largest decline over 1 year | -45.68% | -49.76% | +4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -60.00% | -49.76% | -10.24% |
Max Drawdown (5Y)Largest decline over 5 years | -91.53% | -74.62% | -16.91% |
Current DrawdownCurrent decline from peak | -34.58% | -49.27% | +14.69% |
Average DrawdownAverage peak-to-trough decline | -57.77% | -30.26% | -27.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.79% | 28.52% | -3.73% |
Volatility
DAVV.DE vs. BTCE.DE - Volatility Comparison
VanEck Crypto and Blockchain Innovators UCITS ETF (DAVV.DE) has a higher volatility of 14.56% compared to ETC Group Physical Bitcoin (BTCE.DE) at 9.82%. This indicates that DAVV.DE's price experiences larger fluctuations and is considered to be riskier than BTCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAVV.DE | BTCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.56% | 9.82% | +4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 40.57% | 31.25% | +9.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.12% | 39.81% | +18.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.78% | 52.58% | +18.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.56% | 57.83% | +12.73% |
DAVV.DE vs. BTCE.DE - Expense Ratio Comparison
DAVV.DE has a 0.65% expense ratio, which is lower than BTCE.DE's 2.00% expense ratio.
Dividends
DAVV.DE vs. BTCE.DE - Dividend Comparison
Neither DAVV.DE nor BTCE.DE has paid dividends to shareholders.
Frequently Asked Questions
DAVV.DE and BTCE.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DAVV.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DAVV.DE is cheaper with a 0.65% expense ratio, compared with 2.00% for BTCE.DE.
DAVV.DE is categorized as Technology Equities, while BTCE.DE is Cryptocurrency. They also come from different issuers: VanEck and ETC Issuance. Their fees differ too: 0.65% for DAVV.DE and 2.00% for BTCE.DE.
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