RAND.DE vs. DA20.DE
RAND.DE (CoinShares Physical Staked Algorand EUR) and DA20.DE (Bitwise MSCI Digital Assets Select 20 ETP) are both Cryptocurrency funds. RAND.DE is actively managed, while DA20.DE is passively managed. Over the past 3 years, RAND.DE returned -11.13%/yr vs 11.60%/yr for DA20.DE. A 0.75 correlation means they provide meaningful diversification when combined. RAND.DE charges 0.00%/yr vs 1.49%/yr for DA20.DE.
Performance
RAND.DE vs. DA20.DE - Performance Comparison
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Returns By Period
In the year-to-date period, RAND.DE achieves a -18.89% return, which is significantly higher than DA20.DE's -35.04% return.
RAND.DE
- 1D
- -5.09%
- 1M
- -11.94%
- YTD
- -18.89%
- 6M
- -20.48%
- 1Y
- -45.18%
- 3Y*
- -11.13%
- 5Y*
- —
- 10Y*
- —
DA20.DE
- 1D
- -4.79%
- 1M
- -21.08%
- YTD
- -35.04%
- 6M
- -38.56%
- 1Y
- -41.32%
- 3Y*
- 11.60%
- 5Y*
- —
- 10Y*
- —
RAND.DE vs. DA20.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RAND.DE CoinShares Physical Staked Algorand EUR | -18.89% | -63.34% | 46.73% | 31.09% |
DA20.DE Bitwise MSCI Digital Assets Select 20 ETP | -35.04% | -25.93% | 90.42% | 53.73% |
Correlation
The correlation between RAND.DE and DA20.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2023 | 0.75 |
The correlation between RAND.DE and DA20.DE has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.
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Return for Risk
RAND.DE vs. DA20.DE — Risk / Return Rank
RAND.DE
DA20.DE
RAND.DE vs. DA20.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Staked Algorand EUR (RAND.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.
| RAND.DE | DA20.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.88 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.71 | +0.08 |
| Martin ratioReturn relative to average drawdown | -0.93 | -1.21 | +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
| RAND.DE | DA20.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.49 | -0.84 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.28 | 0.22 | -0.50 |
Drawdowns
RAND.DE vs. DA20.DE - Drawdown Comparison
The maximum RAND.DE drawdown since its inception was -86.60%, which is greater than DA20.DE's maximum drawdown of -59.43%. Use the drawdown chart below to compare losses from any high point for RAND.DE and DA20.DE.
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Drawdown Indicators
| RAND.DE | DA20.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.60% | -59.43% | -27.17% |
Max Drawdown (1Y)Largest decline over 1 year | -72.75% | -59.43% | -13.32% |
Max Drawdown (3Y)Largest decline over 3 years | -86.60% | -59.43% | -27.17% |
Current DrawdownCurrent decline from peak | -82.79% | -59.43% | -23.36% |
Average DrawdownAverage peak-to-trough decline | -60.08% | -20.27% | -39.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.62% | 35.14% | +14.48% |
Volatility
RAND.DE vs. DA20.DE - Volatility Comparison
CoinShares Physical Staked Algorand EUR (RAND.DE) has a higher volatility of 20.37% compared to Bitwise MSCI Digital Assets Select 20 ETP (DA20.DE) at 10.85%. This indicates that RAND.DE's price experiences larger fluctuations and is considered to be riskier than DA20.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAND.DE | DA20.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.37% | 10.85% | +9.52% |
Volatility (6M)Calculated over the trailing 6-month period | 51.93% | 36.45% | +15.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.35% | 50.62% | +42.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.49% | 52.72% | +39.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.49% | 52.72% | +39.77% |
RAND.DE vs. DA20.DE - Expense Ratio Comparison
RAND.DE has a 0.00% expense ratio, which is lower than DA20.DE's 1.49% expense ratio.
Dividends
RAND.DE vs. DA20.DE - Dividend Comparison
Neither RAND.DE nor DA20.DE has paid dividends to shareholders.
Frequently Asked Questions
RAND.DE and DA20.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RAND.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RAND.DE is cheaper with a 0.00% expense ratio, compared with 1.49% for DA20.DE.
They also come from different issuers: CoinShares and Bitwise. Their fees differ too: 0.00% for RAND.DE and 1.49% for DA20.DE.
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