BKCH vs. DAPP
Compare and contrast key facts about Global X Blockchain ETF (BKCH) and VanEck Digital Transformation ETF (DAPP).
BKCH and DAPP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKCH is an actively managed fund by Global X. It was launched on Jul 12, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKCH or DAPP.
Key characteristics
| BKCH | DAPP | |
|---|---|---|
| YTD Return | -13.86% | -13.42% |
| 1Y Return | 84.27% | 79.07% |
| Sharpe Ratio | 0.96 | 0.91 |
| Daily Std Dev | 76.96% | 72.84% |
| Max Drawdown | -91.80% | -91.90% |
| Current Drawdown | -72.66% | -71.52% |
Correlation
The correlation between BKCH 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
BKCH vs. DAPP - Performance Comparison
The year-to-date returns for both investments are quite close, with BKCH having a -13.86% return and DAPP slightly higher at -13.42%. 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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BKCH vs. DAPP - Expense Ratio Comparison
Both BKCH and DAPP have an expense ratio of 0.50%.
Risk-Adjusted Performance
BKCH vs. DAPP - Risk-Adjusted Performance 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.
Dividends
BKCH vs. DAPP - Dividend Comparison
BKCH's dividend yield for the trailing twelve months is around 2.71%, while DAPP has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BKCH Global X Blockchain ETF | 2.71% | 2.33% | 1.29% | 4.28% |
DAPP VanEck Digital Transformation ETF | 0.00% | 0.00% | 0.00% | 10.13% |
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. For additional features, visit the drawdowns tool.
Volatility
BKCH vs. DAPP - Volatility Comparison
Global X Blockchain ETF (BKCH) and VanEck Digital Transformation ETF (DAPP) have volatilities of 19.36% and 19.69%, 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.