DAPP vs. AIS

Last updated Jun 4, 2026

DAPP (VanEck Digital Transformation ETF) and AIS (VistaShares Artificial Intelligence Supercycle ETF) are both Technology Equities funds. DAPP is passively managed, while AIS is actively managed. Over the past year, DAPP returned 55.85% vs 226.72% for AIS. A 0.63 correlation means they provide meaningful diversification when combined. DAPP charges 0.50%/yr vs 0.75%/yr for AIS.

Performance

DAPP vs. AIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Digital Transformation ETF (DAPP) and VistaShares Artificial Intelligence Supercycle ETF (AIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DAPP achieves a 33.03% return, which is significantly lower than AIS's 118.61% return.

DAPP

• 1D: -2.57%
• 1M: 10.45%
• YTD: 33.03%
• 6M: 15.86%
• 1Y: 55.85%
• 3Y*: 57.26%
• 5Y*: -0.16%
• 10Y*: —

AIS

• 1D: 0.72%
• 1M: 35.87%
• YTD: 118.61%
• 6M: 122.65%
• 1Y: 226.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DAPP vs. AIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DAPP VanEck Digital Transformation ETF	33.03%	15.03%	-18.08%
AIS VistaShares Artificial Intelligence Supercycle ETF	118.61%	58.35%	-4.92%

Correlation

The correlation between DAPP and AIS is 0.57, 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	0.57
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.63

The correlation between DAPP and AIS has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.

DAPP vs. AIS - Sectors Allocation Comparison

Sectors	DAPP	AIS
Financial Services	68.5%	-0.0%
Technology	28.8%	84.6%
Consumer Cyclical	2.7%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	8.9%
Real Estate	-	-
Utilities	-	3.2%

Return for Risk

DAPP vs. AIS — Risk / Return Rank

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

DAPP

DAPP Risk / Return Rank: 25
DAPP Sharpe Ratio Rank: 25
DAPP Sortino Ratio Rank: 28
DAPP Omega Ratio Rank: 26
DAPP Calmar Ratio Rank: 24
DAPP Martin Ratio Rank: 20

AIS

AIS Risk / Return Rank: 97
AIS Sharpe Ratio Rank: 98
AIS Sortino Ratio Rank: 96
AIS Omega Ratio Rank: 96
AIS Calmar Ratio Rank: 98
AIS Martin Ratio Rank: 97

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 vs. AIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and VistaShares Artificial Intelligence Supercycle ETF (AIS). 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	AIS	Difference
Sharpe ratio: Return per unit of total volatility	0.91	6.34	-5.43
Sortino ratio: Return per unit of downside risk	1.54	5.78	-4.25
Omega ratio: Gain probability vs. loss probability	1.18	1.80	-0.62
Calmar ratio: Return relative to maximum drawdown	1.16	14.41	-13.24
Martin ratio: Return relative to average drawdown	2.28	47.43	-45.15
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 vs. AIS - Sharpe Ratio Comparison

The current DAPP Sharpe Ratio is 0.91, which is lower than the AIS Sharpe Ratio of 6.34. The chart below compares the historical Sharpe Ratios of DAPP and AIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DAPP	AIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	6.34	-5.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	3.24	-3.32

Drawdowns

DAPP vs. AIS - Drawdown Comparison

The maximum DAPP drawdown since its inception was -91.90%, which is greater than AIS's maximum drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for DAPP and AIS.

Drawdown Indicators

	DAPP	AIS	Difference
Max Drawdown Largest peak-to-trough decline	-91.90%	-32.78%	-59.12%
Max Drawdown (1Y) Largest decline over 1 year	-48.21%	-15.84%	-32.37%
Max Drawdown (3Y) Largest decline over 3 years	-58.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-91.90%	—	—
Current Drawdown Current decline from peak	-27.06%	0.00%	-27.06%
Average Drawdown Average peak-to-trough decline	-57.42%	-5.45%	-51.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.56%	4.80%	+19.76%

Volatility

DAPP vs. AIS - Volatility Comparison

VanEck Digital Transformation ETF (DAPP) and VistaShares Artificial Intelligence Supercycle ETF (AIS) have volatilities of 15.49% and 16.12%, 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.

Volatility by Period

	DAPP	AIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.49%	16.12%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	46.31%	29.95%	+16.36%
Volatility (1Y) Calculated over the trailing 1-year period	61.71%	36.00%	+25.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.90%	38.04%	+34.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.64%	38.04%	+34.60%

DAPP vs. AIS - Expense Ratio Comparison

DAPP has a 0.50% expense ratio, which is lower than AIS's 0.75% expense ratio.

Dividends

DAPP vs. AIS - Dividend Comparison

Neither DAPP nor AIS has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
AIS VistaShares Artificial Intelligence Supercycle ETF	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

Can I hold both DAPP and AIS in my portfolio?

DAPP and AIS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DAPP or AIS?

AIS has higher volatility (16.12%) compared to DAPP (15.49%). In terms of maximum drawdown, DAPP dropped -91.90% vs AIS's -32.78%.

Which ETF is better, DAPP or AIS?

On 1-year performance, AIS leads with 226.72% vs 55.85% for DAPP. On fees, DAPP is cheaper at 0.50% per year. On volatility, DAPP has been the lower-risk option at 15.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DAPP or AIS?

Over the 1-year period, AIS has performed better with a 226.72% return vs 55.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DAPP or AIS?

DAPP is cheaper with a 0.50% expense ratio, compared with 0.75% for AIS.

Which ETF pays a higher dividend yield, DAPP or AIS?

DAPP and AIS have nearly identical dividend yields, around 0.00%.

What is the main difference between DAPP and AIS?

They also come from different issuers: VanEck and VistaShares. Their fees differ too: 0.50% for DAPP and 0.75% for AIS.

Which has better risk-adjusted returns?

AIS currently has the higher Sharpe Ratio (6.34 vs 0.91), 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.