COIN vs. DAPP
COIN (Coinbase Global, Inc.) is a stock, while DAPP (VanEck Digital Transformation ETF) is Technology Equities fund tracking the MVIS Global Digital Assets Equity Index. Over the past 5 years, COIN returned -6.45%/yr vs -0.86%/yr for DAPP. Their correlation of 0.81 suggests significant overlap in exposure.
Performance
COIN vs. DAPP - Performance Comparison
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Returns By Period
In the year-to-date period, COIN achieves a -29.06% return, which is significantly lower than DAPP's 25.17% return.
COIN
- 1D
- 4.20%
- 1M
- -22.74%
- YTD
- -29.06%
- 6M
- -40.37%
- 1Y
- -36.00%
- 3Y*
- 46.95%
- 5Y*
- -6.45%
- 10Y*
- —
DAPP
- 1D
- 6.87%
- 1M
- -4.74%
- YTD
- 25.17%
- 6M
- 4.13%
- 1Y
- 38.49%
- 3Y*
- 57.49%
- 5Y*
- -0.86%
- 10Y*
- —
COIN vs. DAPP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | -29.06% | -8.92% | 42.77% | 391.44% | -85.98% | -33.76% |
DAPP VanEck Digital Transformation ETF | 25.17% | 15.03% | 44.87% | 285.02% | -85.60% | -45.88% |
Correlation
The correlation between COIN and DAPP is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.81 |
The correlation between COIN and DAPP has been stable across timeframes, ranging from 0.72 to 0.82 - a consistent structural relationship.
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Return for Risk
COIN vs. DAPP — Risk / Return Rank
COIN
DAPP
COIN vs. DAPP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coinbase Global, Inc. (COIN) 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.
| COIN | DAPP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.14 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 0.80 | -1.35 |
| Martin ratioReturn relative to average drawdown | -0.88 | 1.56 | -2.44 |
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Drawdowns
COIN vs. DAPP - Drawdown Comparison
The maximum COIN drawdown since its inception was -91.46%, roughly equal to the maximum DAPP drawdown of -92.61%. Use the drawdown chart below to compare losses from any high point for COIN and DAPP.
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Drawdown Indicators
| COIN | DAPP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.46% | -92.61% | +1.15% |
Max Drawdown (1Y)Largest decline over 1 year | -66.39% | -48.21% | -18.18% |
Max Drawdown (3Y)Largest decline over 3 years | -66.39% | -58.88% | -7.51% |
Max Drawdown (5Y)Largest decline over 5 years | -90.90% | -91.90% | +1.00% |
Current DrawdownCurrent decline from peak | -61.78% | -37.41% | -24.37% |
Average DrawdownAverage peak-to-trough decline | -52.59% | -61.28% | +8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.82% | 24.81% | +16.01% |
Volatility
COIN vs. DAPP - Volatility Comparison
Coinbase Global, Inc. (COIN) and VanEck Digital Transformation ETF (DAPP) have volatilities of 19.58% and 19.25%, 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.
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Volatility by Period
| COIN | DAPP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.58% | 19.25% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 51.84% | 47.92% | +3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.68% | 62.53% | +8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.96% | 73.13% | +12.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.53% | 72.92% | +12.61% |
Dividends
COIN vs. DAPP - Dividend Comparison
Neither COIN nor DAPP has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DAPP VanEck Digital Transformation ETF | 0.00% | 0.00% | 4.04% | 0.00% | 0.00% | 10.13% |
Frequently Asked Questions
COIN and DAPP have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (19.58%) compared to DAPP (19.25%). In terms of maximum drawdown, COIN dropped -91.46% vs DAPP's -92.61%.
DAPP currently has the higher Sharpe Ratio (0.62 vs -0.51), 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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