DAPP.L vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Digital Assets Equity UCITS ETF A USD Acc (DAPP.L) and S&P 500 Index (^GSPC).

DAPP.L is a passively managed fund by VanEck that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Apr 30, 2021.

Performance

DAPP.L vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Digital Assets Equity UCITS ETF A USD Acc (DAPP.L) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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	-9.28%	9.71%	29.53%	351.01%	-86.77%	-27.60%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	12.61%

Returns By Period

In the year-to-date period, DAPP.L achieves a -9.28% return, which is significantly lower than ^GSPC's -3.95% return.

DAPP.L

• 1D: 6.20%
• 1M: -8.34%
• YTD: -9.28%
• 6M: -32.45%
• 1Y: 59.62%
• 3Y*: 48.96%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

DAPP.L vs. ^GSPC — Risk / Return Rank

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

DAPP.L

DAPP.L Risk / Return Rank: 44
DAPP.L Sharpe Ratio Rank: 50
DAPP.L Sortino Ratio Rank: 58
DAPP.L Omega Ratio Rank: 45
DAPP.L Calmar Ratio Rank: 42
DAPP.L Martin Ratio Rank: 28

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

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 ratio Return per unit of total volatility	0.94	0.92	+0.02
Sortino ratio Return per unit of downside risk	1.57	1.41	+0.15
Omega ratio Gain probability vs. loss probability	1.18	1.21	-0.03
Calmar ratio Return relative to maximum drawdown	1.15	1.41	-0.27
Martin ratio Return relative to average drawdown	2.36	6.61	-4.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DAPP.L vs. ^GSPC - Sharpe Ratio Comparison

The current DAPP.L Sharpe Ratio is 0.94, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of DAPP.L and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DAPP.L	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	0.92	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.15	0.46	-0.60

Correlation

The correlation between DAPP.L and ^GSPC is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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.

Drawdown Indicators

	DAPP.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-92.21%	-56.78%	-35.43%
Max Drawdown (1Y) Largest decline over 1 year	-46.39%	-12.14%	-34.25%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-53.65%	-5.78%	-47.87%
Average Drawdown Average peak-to-trough decline	-59.76%	-10.75%	-49.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.58%	2.60%	+19.98%

Volatility

DAPP.L vs. ^GSPC - Volatility Comparison

VanEck Digital Assets Equity UCITS ETF A USD Acc (DAPP.L) has a higher volatility of 16.46% compared to S&P 500 Index (^GSPC) at 5.37%. 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.

Volatility by Period

	DAPP.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.46%	5.37%	+11.09%
Volatility (6M) Calculated over the trailing 6-month period	46.85%	9.55%	+37.30%
Volatility (1Y) Calculated over the trailing 1-year period	63.24%	18.33%	+44.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.41%	16.90%	+60.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.41%	18.05%	+59.36%