DAVV.DE vs. VETH.DE
DAVV.DE (VanEck Crypto and Blockchain Innovators UCITS ETF) and VETH.DE (VanEck Ethereum ETN) are both exchange-traded funds - DAVV.DE is a Technology Equities fund tracking the MVIS Global Digital Assets Equity, while VETH.DE is a Cryptocurrency fund tracking the MVIS CryptoCompare Ethereum VWAP Close Index. Both are passively managed. Over the past 5 years, DAVV.DE returned -1.30%/yr vs -7.06%/yr for VETH.DE. A 0.65 correlation means they provide meaningful diversification when combined. DAVV.DE charges 0.65%/yr vs 1.00%/yr for VETH.DE.
Performance
DAVV.DE vs. VETH.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 VETH.DE's -39.67% return.
DAVV.DE
- 1D
- -3.80%
- 1M
- -0.05%
- YTD
- 27.16%
- 6M
- 13.79%
- 1Y
- 43.77%
- 3Y*
- 52.28%
- 5Y*
- -1.30%
- 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*
- —
DAVV.DE vs. VETH.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% | -22.84% |
VETH.DE VanEck Ethereum ETN | -39.67% | -21.95% | 52.69% | 89.80% | -66.32% | 10.02% |
Correlation
The correlation between DAVV.DE and VETH.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 7, 2021 | 0.65 |
The correlation between DAVV.DE and VETH.DE has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
DAVV.DE vs. VETH.DE — Risk / Return Rank
DAVV.DE
VETH.DE
DAVV.DE vs. VETH.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 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.
| DAVV.DE | VETH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.94 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | -0.55 | +1.58 |
| Martin ratioReturn relative to average drawdown | 1.90 | -0.93 | +2.83 |
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
| DAVV.DE | VETH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | -0.57 | +1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | -0.10 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | -0.02 | -0.03 |
Drawdowns
DAVV.DE vs. VETH.DE - Drawdown Comparison
The maximum DAVV.DE drawdown since its inception was -91.53%, which is greater than VETH.DE's maximum drawdown of -76.77%. Use the drawdown chart below to compare losses from any high point for DAVV.DE and VETH.DE.
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Drawdown Indicators
| DAVV.DE | VETH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.53% | -76.77% | -14.76% |
Max Drawdown (1Y)Largest decline over 1 year | -45.68% | -61.72% | +16.04% |
Max Drawdown (3Y)Largest decline over 3 years | -60.00% | -64.62% | +4.62% |
Max Drawdown (5Y)Largest decline over 5 years | -91.53% | -76.77% | -14.76% |
Current DrawdownCurrent decline from peak | -34.58% | -64.08% | +29.50% |
Average DrawdownAverage peak-to-trough decline | -57.66% | -43.71% | -13.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.79% | 36.40% | -11.61% |
Volatility
DAVV.DE vs. VETH.DE - Volatility Comparison
VanEck Crypto and Blockchain Innovators UCITS ETF (DAVV.DE) has a higher volatility of 14.56% compared to VanEck Ethereum ETN (VETH.DE) at 10.16%. This indicates that DAVV.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
| DAVV.DE | VETH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.56% | 10.16% | +4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 40.57% | 42.41% | -1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.12% | 59.68% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.78% | 68.20% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.57% | 71.44% | -0.87% |
DAVV.DE vs. VETH.DE - Expense Ratio Comparison
DAVV.DE has a 0.65% expense ratio, which is lower than VETH.DE's 1.00% expense ratio.
Dividends
DAVV.DE vs. VETH.DE - Dividend Comparison
Neither DAVV.DE nor VETH.DE has paid dividends to shareholders.
Frequently Asked Questions
DAVV.DE and VETH.DE have a correlation of 0.63, 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 1.00% for VETH.DE.
DAVV.DE is categorized as Technology Equities, while VETH.DE is Cryptocurrency. DAVV.DE tracks MVIS Global Digital Assets Equity, while VETH.DE tracks MVIS CryptoCompare Ethereum VWAP Close Index. Their fees differ too: 0.65% for DAVV.DE and 1.00% for VETH.DE.
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