DAPP.L vs. ^GSPC
DAPP.L (VanEck Digital Assets Equity UCITS ETF A USD Acc) is Technology Equities fund tracking the MSCI World/Information Tech NR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, DAPP.L returned -2.12%/yr vs 12.39%/yr for ^GSPC. At a 0.38 correlation, their price movements are largely independent.
Performance
DAPP.L vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, DAPP.L achieves a 29.21% return, which is significantly higher than ^GSPC's 10.79% return.
DAPP.L
- 1D
- -2.84%
- 1M
- 5.89%
- YTD
- 29.21%
- 6M
- 10.43%
- 1Y
- 50.42%
- 3Y*
- 56.66%
- 5Y*
- -2.12%
- 10Y*
- —
^GSPC
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
DAPP.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DAPP.L VanEck Digital Assets Equity UCITS ETF A USD Acc | 29.21% | 9.71% | 29.53% | 351.01% | -86.77% | -27.60% |
^GSPC S&P 500 Index | 10.79% | 16.39% | 23.31% | 24.23% | -19.44% | 12.61% |
Correlation
The correlation between DAPP.L and ^GSPC is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 10, 2021 | 0.38 |
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Return for Risk
DAPP.L vs. ^GSPC — Risk / Return Rank
DAPP.L
^GSPC
DAPP.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Assets Equity UCITS ETF A USD Acc (DAPP.L) and S&P 500 Index (^GSPC). 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.
| DAPP.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.41 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 2.98 | -1.90 |
| Martin ratioReturn relative to average drawdown | 2.02 | 13.78 | -11.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DAPP.L | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 2.28 | -1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.74 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.47 | -0.53 |
Drawdowns
DAPP.L vs. ^GSPC - Drawdown Comparison
The maximum DAPP.L drawdown since its inception was -92.21%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for DAPP.L and ^GSPC.
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Drawdown Indicators
| DAPP.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.21% | -56.78% | -35.43% |
Max Drawdown (1Y)Largest decline over 1 year | -46.39% | -9.10% | -37.29% |
Max Drawdown (3Y)Largest decline over 3 years | -58.14% | -18.90% | -39.24% |
Max Drawdown (5Y)Largest decline over 5 years | -92.21% | -25.43% | -66.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -33.98% | -0.33% | -33.65% |
Average DrawdownAverage peak-to-trough decline | -59.08% | -10.72% | -48.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.87% | 1.97% | +22.90% |
Volatility
DAPP.L vs. ^GSPC - Volatility Comparison
VanEck Digital Assets Equity UCITS ETF A USD Acc (DAPP.L) has a higher volatility of 17.16% compared to S&P 500 Index (^GSPC) at 2.88%. This indicates that DAPP.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAPP.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.16% | 2.88% | +14.28% |
Volatility (6M)Calculated over the trailing 6-month period | 41.49% | 9.00% | +32.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.79% | 11.89% | +46.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.09% | 16.90% | +60.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.87% | 18.06% | +58.81% |
Frequently Asked Questions
DAPP.L and ^GSPC have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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