VBTC.PA vs. DAVV.DE
Compare and contrast key facts about VanEck Bitcoin ETN A (VBTC.PA) and VanEck Crypto and Blockchain Innovators UCITS ETF (DAVV.DE).
VBTC.PA and DAVV.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VBTC.PA is a passively managed fund by VanEck that tracks the performance of the MVIS Cryptocompare Bitcoin VWAP Close Index. It was launched on Nov 19, 2020. DAVV.DE is a passively managed fund by VanEck that tracks the performance of the MVIS Global Digital Assets Equity. It was launched on Apr 30, 2021. Both VBTC.PA and DAVV.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VBTC.PA vs. DAVV.DE - Performance Comparison
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VBTC.PA vs. DAVV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VBTC.PA VanEck Bitcoin ETN A | -21.68% | -17.91% | 135.65% | 144.60% | -63.85% | 42.43% |
DAVV.DE VanEck Crypto and Blockchain Innovators UCITS ETF | -10.02% | -0.68% | 37.42% | 337.08% | -85.83% | -13.39% |
Returns By Period
In the year-to-date period, VBTC.PA achieves a -21.68% return, which is significantly lower than DAVV.DE's -10.02% return.
VBTC.PA
- 1D
- 2.00%
- 1M
- -0.41%
- YTD
- -21.68%
- 6M
- -41.21%
- 1Y
- -25.22%
- 3Y*
- 30.14%
- 5Y*
- —
- 10Y*
- —
DAVV.DE
- 1D
- 5.51%
- 1M
- -7.71%
- YTD
- -10.02%
- 6M
- -31.46%
- 1Y
- 49.97%
- 3Y*
- 46.17%
- 5Y*
- —
- 10Y*
- —
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VBTC.PA vs. DAVV.DE - Expense Ratio Comparison
VBTC.PA has a 1.00% expense ratio, which is higher than DAVV.DE's 0.65% expense ratio.
Return for Risk
VBTC.PA vs. DAVV.DE — Risk / Return Rank
VBTC.PA
DAVV.DE
VBTC.PA vs. DAVV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin ETN A (VBTC.PA) and VanEck Crypto and Blockchain Innovators UCITS ETF (DAVV.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.
| VBTC.PA | DAVV.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.63 | 0.80 | -1.42 |
Sortino ratioReturn per unit of downside risk | -0.72 | 1.40 | -2.12 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.17 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | -0.46 | 0.96 | -1.41 |
Martin ratioReturn relative to average drawdown | -0.97 | 1.95 | -2.92 |
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
| VBTC.PA | DAVV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.63 | 0.80 | -1.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | -0.14 | +0.41 |
Correlation
The correlation between VBTC.PA and DAVV.DE is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VBTC.PA vs. DAVV.DE - Dividend Comparison
Neither VBTC.PA nor DAVV.DE has paid dividends to shareholders.
Drawdowns
VBTC.PA vs. DAVV.DE - Drawdown Comparison
The maximum VBTC.PA drawdown since its inception was -74.29%, smaller than the maximum DAVV.DE drawdown of -91.53%. Use the drawdown chart below to compare losses from any high point for VBTC.PA and DAVV.DE.
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Drawdown Indicators
| VBTC.PA | DAVV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.29% | -91.53% | +17.24% |
Max Drawdown (1Y)Largest decline over 1 year | -49.44% | -45.68% | -3.76% |
Current DrawdownCurrent decline from peak | -44.88% | -53.71% | +8.83% |
Average DrawdownAverage peak-to-trough decline | -31.85% | -58.28% | +26.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.21% | 22.42% | +0.79% |
Volatility
VBTC.PA vs. DAVV.DE - Volatility Comparison
The current volatility for VanEck Bitcoin ETN A (VBTC.PA) is 12.51%, while VanEck Crypto and Blockchain Innovators UCITS ETF (DAVV.DE) has a volatility of 15.62%. This indicates that VBTC.PA experiences smaller price fluctuations and is considered to be less risky than DAVV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBTC.PA | DAVV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.51% | 15.62% | -3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 31.69% | 46.85% | -15.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.87% | 62.37% | -22.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.28% | 71.06% | -17.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.28% | 71.06% | -17.78% |