VETH.DE vs. DA20.DE
VETH.DE (VanEck Ethereum ETN) and DA20.DE (Bitwise MSCI Digital Assets Select 20 ETP) are both Cryptocurrency funds - VETH.DE tracks the MVIS CryptoCompare Ethereum VWAP Close Index while DA20.DE tracks the MSCI Global Digital Assets Select Top 20 Capped Index. Both are passively managed. Over the past 3 years, VETH.DE returned -0.75%/yr vs 10.66%/yr for DA20.DE. Their correlation of 0.93 suggests significant overlap in exposure. VETH.DE charges 1.00%/yr vs 1.49%/yr for DA20.DE.
Performance
VETH.DE vs. DA20.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VETH.DE having a -34.93% return and DA20.DE slightly higher at -33.33%.
VETH.DE
- 1D
- 0.00%
- 1M
- 8.43%
- 6M
- -41.52%
- YTD
- -34.93%
- 1Y
- -44.09%
- 3Y*
- -0.75%
- 5Y*
- 0.05%
- 10Y*
- —
DA20.DE
- 1D
- 0.00%
- 1M
- 1.81%
- 6M
- -39.73%
- YTD
- -33.33%
- 1Y
- -51.30%
- 3Y*
- 10.66%
- 5Y*
- —
- 10Y*
- —
VETH.DE vs. DA20.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VETH.DE VanEck Ethereum ETN | -34.93% | -21.95% | 52.69% | 22.08% |
DA20.DE Bitwise MSCI Digital Assets Select 20 ETP | -33.33% | -25.93% | 90.42% | 52.76% |
Correlation
The correlation between VETH.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 24, 2023 | 0.93 |
The correlation between VETH.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
VETH.DE vs. DA20.DE — Risk / Return Rank
VETH.DE
DA20.DE
VETH.DE vs. DA20.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Ethereum ETN (VETH.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VETH.DE | DA20.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.83 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | -0.82 | +0.15 |
| Martin ratioReturn relative to average drawdown | -1.05 | -1.26 | +0.21 |
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Drawdowns
VETH.DE vs. DA20.DE - Drawdown Comparison
The maximum VETH.DE drawdown since its inception was -76.77%, which is greater than DA20.DE's maximum drawdown of -62.91%. Use the drawdown chart below to compare losses from any high point for VETH.DE and DA20.DE.
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Drawdown Indicators
| VETH.DE | DA20.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.77% | -62.91% | -13.86% |
Max Drawdown (1Y)Largest decline over 1 year | -65.75% | -62.91% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -65.75% | -62.91% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -76.77% | — | — |
Current DrawdownCurrent decline from peak | -61.26% | -58.37% | -2.89% |
Average DrawdownAverage peak-to-trough decline | -44.17% | -21.72% | -22.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.14% | 40.73% | +1.41% |
Volatility
VETH.DE vs. DA20.DE - Volatility Comparison
VanEck Ethereum ETN (VETH.DE) has a higher volatility of 13.40% compared to Bitwise MSCI Digital Assets Select 20 ETP (DA20.DE) at 11.67%. This indicates that VETH.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
| VETH.DE | DA20.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.40% | 11.67% | +1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 41.19% | 35.28% | +5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.95% | 50.48% | +8.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.06% | 52.85% | +14.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.15% | 52.85% | +18.30% |
VETH.DE vs. DA20.DE - Expense Ratio Comparison
VETH.DE has a 1.00% expense ratio, which is lower than DA20.DE's 1.49% expense ratio.
Dividends
VETH.DE vs. DA20.DE - Dividend Comparison
Neither VETH.DE nor DA20.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, VETH.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.
On fees, VETH.DE is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VETH.DE is cheaper with a 1.00% expense ratio, compared with 1.49% for DA20.DE.
VETH.DE tracks MVIS CryptoCompare Ethereum VWAP Close Index, while DA20.DE tracks MSCI Global Digital Assets Select Top 20 Capped Index. They also come from different issuers: VanEck and Bitwise. Their fees differ too: 1.00% for VETH.DE and 1.49% for DA20.DE.
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