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BITQ vs. DAPP
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

BITQ vs. DAPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Crypto Industry Innovators ETF (BITQ) and VanEck Digital Transformation ETF (DAPP). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%80.00%JuneJulyAugustSeptemberOctoberNovember
59.12%
65.41%
BITQ
DAPP

Returns By Period

The year-to-date returns for both stocks are quite close, with BITQ having a 69.97% return and DAPP slightly lower at 69.75%.


BITQ

YTD

69.97%

1M

24.68%

6M

67.52%

1Y

160.22%

5Y (annualized)

N/A

10Y (annualized)

N/A

DAPP

YTD

69.75%

1M

25.27%

6M

73.63%

1Y

180.82%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


BITQDAPP
Sharpe Ratio2.362.45
Sortino Ratio2.922.91
Omega Ratio1.331.33
Calmar Ratio2.152.36
Martin Ratio9.459.30
Ulcer Index17.50%20.36%
Daily Std Dev70.18%77.30%
Max Drawdown-90.32%-91.90%
Current Drawdown-39.75%-44.15%

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BITQ vs. DAPP - Expense Ratio Comparison

BITQ has a 0.85% expense ratio, which is higher than DAPP's 0.50% expense ratio.


BITQ
Bitwise Crypto Industry Innovators ETF
Expense ratio chart for BITQ: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%
Expense ratio chart for DAPP: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

Correlation

-0.50.00.51.01.0

The correlation between BITQ and DAPP is 0.98, 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.

Risk-Adjusted Performance

BITQ vs. DAPP - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) and VanEck Digital Transformation ETF (DAPP). 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.


Sharpe ratio
The chart of Sharpe ratio for BITQ, currently valued at 2.36, compared to the broader market0.002.004.002.362.45
The chart of Sortino ratio for BITQ, currently valued at 2.92, compared to the broader market-2.000.002.004.006.008.0010.002.922.91
The chart of Omega ratio for BITQ, currently valued at 1.33, compared to the broader market0.501.001.502.002.503.001.331.33
The chart of Calmar ratio for BITQ, currently valued at 2.15, compared to the broader market0.005.0010.0015.002.152.36
The chart of Martin ratio for BITQ, currently valued at 9.45, compared to the broader market0.0020.0040.0060.0080.00100.009.459.30
BITQ
DAPP

The current BITQ Sharpe Ratio is 2.36, which is comparable to the DAPP Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of BITQ and DAPP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.36
2.45
BITQ
DAPP

Dividends

BITQ vs. DAPP - Dividend Comparison

BITQ's dividend yield for the trailing twelve months is around 0.89%, while DAPP has not paid dividends to shareholders.


TTM202320222021
BITQ
Bitwise Crypto Industry Innovators ETF
0.89%1.51%0.00%3.12%
DAPP
VanEck Digital Transformation ETF
0.00%0.00%0.00%10.13%

Drawdowns

BITQ vs. DAPP - Drawdown Comparison

The maximum BITQ drawdown since its inception was -90.32%, roughly equal to the maximum DAPP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for BITQ and DAPP. For additional features, visit the drawdowns tool.


-70.00%-65.00%-60.00%-55.00%-50.00%-45.00%-40.00%-35.00%JuneJulyAugustSeptemberOctoberNovember
-39.75%
-44.15%
BITQ
DAPP

Volatility

BITQ vs. DAPP - Volatility Comparison

Bitwise Crypto Industry Innovators ETF (BITQ) and VanEck Digital Transformation ETF (DAPP) have volatilities of 28.18% and 28.79%, 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.


10.00%15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
28.18%
28.79%
BITQ
DAPP