BITQ vs. DAPP
Compare and contrast key facts about Bitwise Crypto Industry Innovators ETF (BITQ) and VanEck Digital Transformation ETF (DAPP).
BITQ and DAPP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021. DAPP is a passively managed fund by VanEck that tracks the performance of the MVIS Global Digital Assets Equity Index. It was launched on Apr 9, 2021. Both BITQ and DAPP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITQ or DAPP.
Key characteristics
| BITQ | DAPP | |
|---|---|---|
| YTD Return | 80.33% | 82.10% |
| 1Y Return | 200.74% | 229.58% |
| 3Y Return (Ann) | -13.58% | -15.50% |
| Sharpe Ratio | 2.72 | 2.84 |
| Sortino Ratio | 3.19 | 3.16 |
| Omega Ratio | 1.36 | 1.36 |
| Calmar Ratio | 2.41 | 2.68 |
| Martin Ratio | 10.89 | 10.77 |
| Ulcer Index | 17.46% | 20.32% |
| Daily Std Dev | 69.77% | 77.08% |
| Max Drawdown | -90.32% | -91.90% |
| Current Drawdown | -36.08% | -40.09% |
Correlation
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.
Performance
BITQ vs. DAPP - Performance Comparison
The year-to-date returns for both investments are quite close, with BITQ having a 80.33% return and DAPP slightly higher at 82.10%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
BITQ vs. DAPP - Dividend Comparison
BITQ's dividend yield for the trailing twelve months is around 0.84%, while DAPP has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BITQ Bitwise Crypto Industry Innovators ETF | 0.84% | 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.
Volatility
BITQ vs. DAPP - Volatility Comparison
Bitwise Crypto Industry Innovators ETF (BITQ) and VanEck Digital Transformation ETF (DAPP) have volatilities of 26.13% and 27.33%, 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.