BRF vs. DAPP
BRF (VanEck Vectors Brazil Small-Cap ETF) and DAPP (VanEck Digital Transformation ETF) are both exchange-traded funds - BRF is a Latin America Equities fund tracking the MVIS Brazil Small-Cap Index, while DAPP is a Blockchain fund tracking the MVIS Global Digital Assets Equity Index. Both are passively managed. Over the past 5 years, BRF returned -2.02%/yr vs -3.48%/yr for DAPP. Their 0.32 correlation means their historical movements had little consistent relationship. BRF charges 0.60%/yr vs 0.52%/yr for DAPP.
Performance
BRF vs. DAPP - Performance Comparison
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Returns By Period
In the year-to-date period, BRF achieves a 1.34% return, which is significantly lower than DAPP's 6.65% return.
BRF
- 1D
- -0.43%
- 1M
- -0.31%
- 6M
- -12.16%
- YTD
- 1.34%
- 1Y
- 20.04%
- 3Y*
- -0.14%
- 5Y*
- -2.02%
- 10Y*
- 3.54%
- ALL TIME*
- 1.74%
DAPP
- 1D
- -3.40%
- 1M
- -4.60%
- 6M
- -2.22%
- YTD
- 6.65%
- 1Y
- 9.98%
- 3Y*
- 30.75%
- 5Y*
- -3.48%
- 10Y*
- —
- ALL TIME*
- -11.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $47.50K | $48.62K | $103.93K | |
| $5.30M | $5.85M | $16.14M |
BRF vs. DAPP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BRF VanEck Vectors Brazil Small-Cap ETF | 1.34% | 54.17% | -35.02% | 37.21% | -14.38% | -15.17% |
DAPP VanEck Digital Transformation ETF | 6.65% | 15.03% | 44.87% | 285.02% | -85.60% | -45.88% |
Correlation
The correlation between BRF and DAPP is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.32 |
BRF vs. DAPP - Sectors Allocation Comparison
Sectors
BRF
DAPP
Consumer Cyclical
Real Estate
-
Basic Materials
-
Industrials
-
Utilities
-
Financial Services
Consumer Defensive
-
Healthcare
-
Energy
-
Technology
Communication Services
-
-
Consumer Cyclical
BRF
DAPP
Real Estate
BRF
DAPP
-
Basic Materials
BRF
DAPP
-
Industrials
BRF
DAPP
-
Utilities
BRF
DAPP
-
Financial Services
BRF
DAPP
Consumer Defensive
BRF
DAPP
-
Healthcare
BRF
DAPP
-
Energy
BRF
DAPP
-
Technology
BRF
DAPP
Communication Services
BRF
-
DAPP
-
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Return for Risk
BRF vs. DAPP — Risk / Return Rank
BRF
DAPP
BRF vs. DAPP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Brazil Small-Cap ETF (BRF) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BRF | DAPP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.05 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.02 | +1.06 |
| Martin ratioReturn relative to average drawdown | 2.45 | 0.03 | +2.42 |
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Drawdowns
BRF vs. DAPP - Drawdown Comparison
The maximum BRF drawdown since its inception was -82.26%, smaller than the maximum DAPP drawdown of -92.61%. Use the drawdown chart below to compare losses from any high point for BRF and DAPP.
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Drawdown Indicators
| BRF | DAPP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.26% | -92.61% | +10.35% |
Max Drawdown (1Y)Largest decline over 1 year | -20.51% | -48.21% | +27.70% |
Max Drawdown (3Y)Largest decline over 3 years | -36.89% | -58.88% | +21.99% |
Max Drawdown (5Y)Largest decline over 5 years | -43.02% | -91.90% | +48.88% |
Max Drawdown (10Y)Largest decline over 10 years | -60.43% | — | — |
Current DrawdownCurrent decline from peak | -50.60% | -46.67% | -3.93% |
Average DrawdownAverage peak-to-trough decline | -45.77% | -60.79% | +15.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.97% | 26.69% | -17.72% |
Volatility
BRF vs. DAPP - Volatility Comparison
The current volatility for VanEck Vectors Brazil Small-Cap ETF (BRF) is 7.18%, while VanEck Digital Transformation ETF (DAPP) has a volatility of 21.95%. This indicates that BRF 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.
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Volatility by Period
| BRF | DAPP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.18% | 21.95% | -14.77% |
Volatility (6M)Calculated over the trailing 6-month period | 22.54% | 47.95% | -25.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.04% | 64.80% | -35.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.50% | 73.12% | -41.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.82% | 72.72% | -38.90% |
BRF vs. DAPP - Expense Ratio Comparison
BRF has a 0.60% expense ratio, which is higher than DAPP's 0.52% expense ratio.
Dividends
BRF vs. DAPP - Dividend Comparison
BRF's dividend yield for the trailing twelve months is around 5.47%, while DAPP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRF VanEck Vectors Brazil Small-Cap ETF | 5.47% | 5.54% | 4.08% | 5.02% | 4.13% | 2.96% | 1.66% | 2.54% | 2.89% | 4.53% | 4.25% | 3.84% |
DAPP VanEck Digital Transformation ETF | 0.00% | 0.00% | 4.04% | 0.00% | 0.00% | 10.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BRF and DAPP have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAPP has higher volatility (21.95%) compared to BRF (7.18%). In terms of maximum drawdown, BRF dropped -82.26% vs DAPP's -92.61%.
On 5-year performance, BRF leads with -2.02% vs -3.48% for DAPP. On fees, DAPP is cheaper at 0.52% per year. On volatility, BRF has been the lower-risk option at 7.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BRF has performed better with a -2.02% return vs -3.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DAPP is cheaper with a 0.52% expense ratio, compared with 0.60% for BRF.
BRF has the higher dividend yield at 5.47%, compared with 0.00% for DAPP.
BRF is categorized as Latin America Equities, while DAPP is Blockchain. BRF tracks MVIS Brazil Small-Cap Index, while DAPP tracks MVIS Global Digital Assets Equity Index. Their fees differ too: 0.60% for BRF and 0.52% for DAPP.
BRF currently has the higher Sharpe Ratio (0.76 vs 0.01), 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.
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