BKCH vs. DAPP

Last updated Jun 3, 2026

BKCH (Global X Blockchain ETF) and DAPP (VanEck Digital Transformation ETF) are both Technology Equities funds. BKCH is actively managed, while DAPP is passively managed. Over the past 3 years, BKCH returned 57.79%/yr vs 58.63%/yr for DAPP. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.50% expense ratio.

Performance

BKCH vs. DAPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain ETF (BKCH) and VanEck Digital Transformation ETF (DAPP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKCH achieves a 43.25% return, which is significantly higher than DAPP's 36.54% return.

BKCH

• 1D: -1.32%
• 1M: 23.30%
• YTD: 43.25%
• 6M: 24.50%
• 1Y: 116.23%
• 3Y*: 57.79%
• 5Y*: —
• 10Y*: —

DAPP

• 1D: -1.78%
• 1M: 18.35%
• YTD: 36.54%
• 6M: 24.35%
• 1Y: 68.18%
• 3Y*: 58.63%
• 5Y*: 0.44%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BKCH vs. DAPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BKCH Global X Blockchain ETF	43.25%	27.14%	18.81%	267.06%	-85.10%	-1.24%
DAPP VanEck Digital Transformation ETF	36.54%	15.03%	44.87%	285.02%	-85.60%	-8.47%

Correlation

The correlation between BKCH and DAPP is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021	0.97

The correlation between BKCH and DAPP has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

BKCH vs. DAPP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BKCH

BKCH Risk / Return Rank: 41
BKCH Sharpe Ratio Rank: 48
BKCH Sortino Ratio Rank: 44
BKCH Omega Ratio Rank: 40
BKCH Calmar Ratio Rank: 45
BKCH Martin Ratio Rank: 28

DAPP

DAPP Risk / Return Rank: 30
DAPP Sharpe Ratio Rank: 31
DAPP Sortino Ratio Rank: 32
DAPP Omega Ratio Rank: 30
DAPP Calmar Ratio Rank: 32
DAPP Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKCH vs. DAPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain ETF (BKCH) 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.

	BKCH	DAPP	Difference
Sharpe ratio Return per unit of total volatility	1.67	1.11	+0.56
Sortino ratio Return per unit of downside risk	2.22	1.73	+0.49
Omega ratio Gain probability vs. loss probability	1.26	1.20	+0.06
Calmar ratio Return relative to maximum drawdown	2.24	1.58	+0.66
Martin ratio Return relative to average drawdown	4.18	3.11	+1.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKCH vs. DAPP - Sharpe Ratio Comparison

The current BKCH Sharpe Ratio is 1.67, which is higher than the DAPP Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of BKCH and DAPP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BKCH	DAPP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	1.11	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	-0.07	+0.11

Drawdowns

BKCH vs. DAPP - Drawdown Comparison

The maximum BKCH drawdown since its inception was -91.80%, roughly equal to the maximum DAPP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for BKCH and DAPP.

Drawdown Indicators

	BKCH	DAPP	Difference
Max Drawdown Largest peak-to-trough decline	-91.80%	-91.90%	+0.10%
Max Drawdown (1Y) Largest decline over 1 year	-56.28%	-48.21%	-8.07%
Max Drawdown (3Y) Largest decline over 3 years	-57.99%	-58.88%	+0.89%
Max Drawdown (5Y) Largest decline over 5 years	—	-91.90%	—
Current Drawdown Current decline from peak	-31.32%	-25.14%	-6.18%
Average Drawdown Average peak-to-trough decline	-62.15%	-57.45%	-4.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.21%	24.53%	+5.68%

Volatility

BKCH vs. DAPP - Volatility Comparison

Global X Blockchain ETF (BKCH) has a higher volatility of 17.99% compared to VanEck Digital Transformation ETF (DAPP) at 15.60%. This indicates that BKCH's price experiences larger fluctuations and is considered to be riskier than DAPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKCH	DAPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.99%	15.60%	+2.39%
Volatility (6M) Calculated over the trailing 6-month period	51.47%	46.46%	+5.01%
Volatility (1Y) Calculated over the trailing 1-year period	69.93%	61.80%	+8.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.44%	72.90%	+2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.44%	72.66%	+2.78%

BKCH vs. DAPP - Expense Ratio Comparison

Both BKCH and DAPP have an expense ratio of 0.50%.

Dividends

BKCH vs. DAPP - Dividend Comparison

BKCH's dividend yield for the trailing twelve months is around 1.40%, while DAPP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BKCH Global X Blockchain ETF	1.40%	2.00%	7.61%	2.33%	1.29%	4.28%
DAPP VanEck Digital Transformation ETF	0.00%	0.00%	4.04%	0.00%	0.00%	10.13%

Frequently Asked Questions

Can I hold both BKCH and DAPP in my portfolio?

With a correlation of 0.97, BKCH and DAPP 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.

Which is riskier, BKCH or DAPP?

BKCH has higher volatility (17.99%) compared to DAPP (15.60%). In terms of maximum drawdown, BKCH dropped -91.80% vs DAPP's -91.90%.

Which ETF is better, BKCH or DAPP?

On 3-year performance, DAPP leads with 58.63% vs 57.79% for BKCH. Both ETFs have the same 0.50% expense ratio. On volatility, DAPP has been the lower-risk option at 15.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKCH or DAPP?

Over the 3-year period, DAPP has performed better with a 58.63% return vs 57.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKCH or DAPP?

BKCH and DAPP have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, BKCH or DAPP?

BKCH has the higher dividend yield at 1.40%, compared with 0.00% for DAPP.

What is the main difference between BKCH and DAPP?

They also come from different issuers: Global X and VanEck.

Which has better risk-adjusted returns?

BKCH currently has the higher Sharpe Ratio (1.67 vs 1.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.