ETHB.DE vs. DA20.DE
ETHB.DE (21Shares Ethereum Staking ETP) and DA20.DE (Bitwise MSCI Digital Assets Select 20 ETP) are both Cryptocurrency funds. ETHB.DE is actively managed, while DA20.DE is passively managed. Over the past 3 years, ETHB.DE returned -1.40%/yr vs 14.64%/yr for DA20.DE. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 1.49% expense ratio.
Performance
ETHB.DE vs. DA20.DE - Performance Comparison
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Different Trading Currencies
ETHB.DE is traded in USD, while DA20.DE is traded in EUR. To make them comparable, the DA20.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ETHB.DE achieves a -40.35% return, which is significantly lower than DA20.DE's -35.79% return.
ETHB.DE
- 1D
- -3.73%
- 1M
- -24.70%
- YTD
- -40.35%
- 6M
- -41.51%
- 1Y
- -31.51%
- 3Y*
- -1.40%
- 5Y*
- —
- 10Y*
- —
DA20.DE
- 1D
- -4.67%
- 1M
- -21.51%
- YTD
- -35.79%
- 6M
- -41.44%
- 1Y
- -41.48%
- 3Y*
- 14.64%
- 5Y*
- —
- 10Y*
- —
ETHB.DE vs. DA20.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ETHB.DE 21Shares Ethereum Staking ETP | -40.35% | -12.49% | 43.63% | 28.08% |
DA20.DE Bitwise MSCI Digital Assets Select 20 ETP | -35.79% | -16.38% | 79.53% | 53.62% |
Correlation
The correlation between ETHB.DE and DA20.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2023 | 0.92 |
The correlation between ETHB.DE and DA20.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
ETHB.DE vs. DA20.DE — Risk / Return Rank
ETHB.DE
DA20.DE
ETHB.DE vs. DA20.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Ethereum Staking ETP (ETHB.DE) and Bitwise MSCI Digital Assets Select 20 ETP (DA20.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.
| ETHB.DE | DA20.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.88 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | -0.69 | +0.16 |
| Martin ratioReturn relative to average drawdown | -0.90 | -1.18 | +0.27 |
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
| ETHB.DE | DA20.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | -0.81 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.21 | 0.25 | -0.46 |
Drawdowns
ETHB.DE vs. DA20.DE - Drawdown Comparison
The maximum ETHB.DE drawdown since its inception was -70.31%, which is greater than DA20.DE's maximum drawdown of -59.78%. Use the drawdown chart below to compare losses from any high point for ETHB.DE and DA20.DE.
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Drawdown Indicators
| ETHB.DE | DA20.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.31% | -59.78% | -10.53% |
Max Drawdown (1Y)Largest decline over 1 year | -61.99% | -59.78% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -63.29% | -59.78% | -3.51% |
Current DrawdownCurrent decline from peak | -61.99% | -59.78% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -37.31% | -20.16% | -17.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.41% | 35.25% | +1.16% |
Volatility
ETHB.DE vs. DA20.DE - Volatility Comparison
21Shares Ethereum Staking ETP (ETHB.DE) and Bitwise MSCI Digital Assets Select 20 ETP (DA20.DE) have volatilities of 10.27% and 10.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHB.DE | DA20.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.27% | 10.79% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 42.80% | 36.66% | +6.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.30% | 50.96% | +9.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.08% | 52.55% | +14.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.08% | 52.55% | +14.53% |
ETHB.DE vs. DA20.DE - Expense Ratio Comparison
Both ETHB.DE and DA20.DE have an expense ratio of 1.49%.
Dividends
ETHB.DE vs. DA20.DE - Dividend Comparison
Neither ETHB.DE nor DA20.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, ETHB.DE and DA20.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.
Both ETFs have the same 1.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ETHB.DE and DA20.DE have the same expense ratio: 1.49% per year.
They also come from different issuers: 21Shares and Bitwise.
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