DAVV.DE vs. XNNV.DE
DAVV.DE (VanEck Crypto and Blockchain Innovators UCITS ETF) and XNNV.DE (Xtrackers MSCI Innovation UCITS ETF 1C) are both Technology Equities funds - DAVV.DE tracks the MVIS Global Digital Assets Equity while XNNV.DE tracks the MSCI ACWI IMI Innovation Select ESG Screened 200. Both are passively managed. Over the past 3 years, DAVV.DE returned 52.28%/yr vs 13.35%/yr for XNNV.DE. A 0.58 correlation means they provide meaningful diversification when combined. DAVV.DE charges 0.65%/yr vs 0.30%/yr for XNNV.DE.
Performance
DAVV.DE vs. XNNV.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 XNNV.DE's 5.08% 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*
- —
XNNV.DE
- 1D
- 1.03%
- 1M
- 5.50%
- YTD
- 5.08%
- 6M
- 3.47%
- 1Y
- 15.03%
- 3Y*
- 13.35%
- 5Y*
- —
- 10Y*
- —
DAVV.DE vs. XNNV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DAVV.DE VanEck Crypto and Blockchain Innovators UCITS ETF | 27.16% | -0.68% | 37.42% | 337.08% | -57.91% |
XNNV.DE Xtrackers MSCI Innovation UCITS ETF 1C | 5.08% | 2.05% | 29.19% | 29.66% | -13.17% |
Correlation
The correlation between DAVV.DE and XNNV.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2022 | 0.58 |
The correlation between DAVV.DE and XNNV.DE has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.
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Return for Risk
DAVV.DE vs. XNNV.DE — Risk / Return Rank
DAVV.DE
XNNV.DE
DAVV.DE vs. XNNV.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 Xtrackers MSCI Innovation UCITS ETF 1C (XNNV.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 | XNNV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.01 | +0.02 |
| Martin ratioReturn relative to average drawdown | 1.90 | 2.80 | -0.90 |
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 | XNNV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.03 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.67 | -0.72 |
Drawdowns
DAVV.DE vs. XNNV.DE - Drawdown Comparison
The maximum DAVV.DE drawdown since its inception was -91.53%, which is greater than XNNV.DE's maximum drawdown of -25.90%. Use the drawdown chart below to compare losses from any high point for DAVV.DE and XNNV.DE.
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Drawdown Indicators
| DAVV.DE | XNNV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.53% | -25.90% | -65.63% |
Max Drawdown (1Y)Largest decline over 1 year | -45.68% | -15.02% | -30.66% |
Max Drawdown (3Y)Largest decline over 3 years | -60.00% | -25.90% | -34.10% |
Max Drawdown (5Y)Largest decline over 5 years | -91.53% | — | — |
Current DrawdownCurrent decline from peak | -34.58% | -0.91% | -33.67% |
Average DrawdownAverage peak-to-trough decline | -57.66% | -6.64% | -51.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.79% | 5.41% | +19.38% |
Volatility
DAVV.DE vs. XNNV.DE - Volatility Comparison
VanEck Crypto and Blockchain Innovators UCITS ETF (DAVV.DE) has a higher volatility of 14.56% compared to Xtrackers MSCI Innovation UCITS ETF 1C (XNNV.DE) at 3.84%. This indicates that DAVV.DE's price experiences larger fluctuations and is considered to be riskier than XNNV.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 | XNNV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.56% | 3.84% | +10.72% |
Volatility (6M)Calculated over the trailing 6-month period | 40.57% | 10.61% | +29.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.12% | 14.72% | +43.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.78% | 18.07% | +52.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.57% | 18.07% | +52.50% |
DAVV.DE vs. XNNV.DE - Expense Ratio Comparison
DAVV.DE has a 0.65% expense ratio, which is higher than XNNV.DE's 0.30% expense ratio.
Dividends
DAVV.DE vs. XNNV.DE - Dividend Comparison
Neither DAVV.DE nor XNNV.DE has paid dividends to shareholders.
Frequently Asked Questions
DAVV.DE and XNNV.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNNV.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNNV.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for DAVV.DE.
DAVV.DE tracks MVIS Global Digital Assets Equity, while XNNV.DE tracks MSCI ACWI IMI Innovation Select ESG Screened 200. They also come from different issuers: VanEck and Xtrackers. Their fees differ too: 0.65% for DAVV.DE and 0.30% for XNNV.DE.
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