BLKC vs. DAPP

Last updated Jun 4, 2026

BLKC (Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF) and DAPP (VanEck Digital Transformation ETF) are both exchange-traded funds - BLKC is a Cryptocurrency fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while DAPP is a Technology Equities fund tracking the MVIS Global Digital Assets Equity Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. BLKC charges 0.60%/yr vs 0.50%/yr for DAPP.

Performance

BLKC vs. DAPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) and VanEck Digital Transformation ETF (DAPP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BLKC

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DAPP

• 1D: -2.57%
• 1M: 10.45%
• YTD: 33.03%
• 6M: 15.86%
• 1Y: 55.85%
• 3Y*: 57.26%
• 5Y*: -0.16%
• 10Y*: —

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

BLKC vs. DAPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF	-12.03%	13.79%	46.83%	128.84%	-63.43%	-8.11%
DAPP VanEck Digital Transformation ETF	33.03%	15.03%	44.87%	285.02%	-85.60%	-20.09%

Correlation

The correlation between BLKC and DAPP is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Oct 8, 2021	0.92

The correlation between BLKC and DAPP shifts across timeframes, from 0.74 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

BLKC vs. DAPP - Sectors Allocation Comparison

Sectors	BLKC	DAPP
Financial Services	36.7%	68.5%
Technology	29.5%	28.8%
Consumer Cyclical	7.3%	2.7%
Communication Services	4.5%	-
Consumer Defensive	2.6%	-
Industrials	2.2%	-
Energy	1.4%	-
Healthcare	1.0%	-
Basic Materials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

BLKC vs. DAPP — Risk / Return Rank

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

DAPP

DAPP Risk / Return Rank: 25
DAPP Sharpe Ratio Rank: 25
DAPP Sortino Ratio Rank: 28
DAPP Omega Ratio Rank: 26
DAPP Calmar Ratio Rank: 24
DAPP Martin Ratio Rank: 20

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.

BLKC vs. DAPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BLKC	DAPP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.91	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.07	—

Drawdowns

Drawdown Indicators

	BLKC	DAPP	Difference
Max Drawdown Largest peak-to-trough decline	—	-91.90%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-48.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-58.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-91.90%	—
Current Drawdown Current decline from peak	—	-27.06%	—
Average Drawdown Average peak-to-trough decline	—	-57.42%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	24.56%	—

Volatility

Volatility by Period

	BLKC	DAPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	61.71%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	72.90%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	72.64%	—

BLKC vs. DAPP - Expense Ratio Comparison

BLKC has a 0.60% expense ratio, which is higher than DAPP's 0.50% expense ratio.

Dividends

BLKC vs. DAPP - Dividend Comparison

BLKC's dividend yield for the trailing twelve months is around 4.39%, while DAPP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF	4.39%	7.72%	19.66%	1.92%	5.40%	0.51%
DAPP VanEck Digital Transformation ETF	0.00%	0.00%	4.04%	0.00%	0.00%	10.13%

Frequently Asked Questions

Can I hold both BLKC and DAPP in my portfolio?

BLKC and DAPP have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLKC or DAPP?

On fees, DAPP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BLKC or DAPP?

DAPP is cheaper with a 0.50% expense ratio, compared with 0.60% for BLKC.

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

BLKC has the higher dividend yield at 4.39%, compared with 0.00% for DAPP.

What is the main difference between BLKC and DAPP?

BLKC is categorized as Cryptocurrency, while DAPP is Technology Equities. BLKC tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while DAPP tracks MVIS Global Digital Assets Equity Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.60% for BLKC and 0.50% for DAPP.