BLOK vs. DAPP
Compare and contrast key facts about Amplify Transformational Data Sharing ETF (BLOK) and VanEck Digital Transformation ETF (DAPP).
BLOK and DAPP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLOK is an actively managed fund by Amplify Investments. It was launched on Jan 16, 2018. 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: BLOK or DAPP.
Key characteristics
| BLOK | DAPP | |
|---|---|---|
| YTD Return | 12.63% | -4.96% |
| 1Y Return | 56.01% | 57.58% |
| 3Y Return (Ann) | -9.76% | -29.21% |
| Sharpe Ratio | 1.47 | 0.71 |
| Daily Std Dev | 37.21% | 72.98% |
| Max Drawdown | -73.33% | -91.90% |
| Current Drawdown | -38.33% | -68.73% |
Correlation
The correlation between BLOK and DAPP is 0.96, 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
BLOK vs. DAPP - Performance Comparison
In the year-to-date period, BLOK achieves a 12.63% return, which is significantly higher than DAPP's -4.96% return. 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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BLOK vs. DAPP - Expense Ratio Comparison
BLOK has a 0.71% expense ratio, which is higher than DAPP's 0.50% expense ratio.
Risk-Adjusted Performance
BLOK vs. DAPP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Transformational Data Sharing ETF (BLOK) 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
BLOK vs. DAPP - Dividend Comparison
BLOK's dividend yield for the trailing twelve months is around 1.02%, while DAPP has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BLOK Amplify Transformational Data Sharing ETF | 1.02% | 1.15% | 0.00% | 14.31% | 1.88% | 2.06% | 1.30% |
DAPP VanEck Digital Transformation ETF | 0.00% | 0.00% | 0.00% | 10.13% | 0.00% | 0.00% | 0.00% |
Drawdowns
BLOK vs. DAPP - Drawdown Comparison
The maximum BLOK drawdown since its inception was -73.33%, smaller than the maximum DAPP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for BLOK and DAPP. For additional features, visit the drawdowns tool.
Volatility
BLOK vs. DAPP - Volatility Comparison
The current volatility for Amplify Transformational Data Sharing ETF (BLOK) is 13.41%, while VanEck Digital Transformation ETF (DAPP) has a volatility of 20.78%. This indicates that BLOK experiences smaller price fluctuations and is considered to be less risky than DAPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.