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DAPP vs. BITQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DAPP and BITQ is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.01.0

Performance

DAPP vs. BITQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Digital Transformation ETF (DAPP) and Bitwise Crypto Industry Innovators ETF (BITQ). The values are adjusted to include any dividend payments, if applicable.

-60.00%-40.00%-20.00%0.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
-32.03%
-1.65%
DAPP
BITQ

Key characteristics

Sharpe Ratio

DAPP:

0.95

BITQ:

1.03

Sortino Ratio

DAPP:

1.76

BITQ:

1.82

Omega Ratio

DAPP:

1.19

BITQ:

1.20

Calmar Ratio

DAPP:

0.95

BITQ:

0.98

Martin Ratio

DAPP:

3.60

BITQ:

4.15

Ulcer Index

DAPP:

20.49%

BITQ:

17.62%

Daily Std Dev

DAPP:

77.48%

BITQ:

70.86%

Max Drawdown

DAPP:

-91.90%

BITQ:

-90.32%

Current Drawdown

DAPP:

-47.03%

BITQ:

-42.32%

Returns By Period

The year-to-date returns for both investments are quite close, with DAPP having a 60.99% return and BITQ slightly higher at 62.73%.


DAPP

YTD

60.99%

1M

-8.92%

6M

36.66%

1Y

61.78%

5Y*

N/A

10Y*

N/A

BITQ

YTD

62.73%

1M

-9.15%

6M

37.46%

1Y

62.73%

5Y*

N/A

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


DAPP vs. BITQ - Expense Ratio Comparison

DAPP has a 0.50% expense ratio, which is lower than BITQ's 0.85% expense ratio.


BITQ
Bitwise Crypto Industry Innovators ETF
Expense ratio chart for BITQ: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%
Expense ratio chart for DAPP: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

Risk-Adjusted Performance

DAPP vs. BITQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and Bitwise Crypto Industry Innovators ETF (BITQ). 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.


Sharpe ratio
The chart of Sharpe ratio for DAPP, currently valued at 0.95, compared to the broader market0.002.004.000.951.03
The chart of Sortino ratio for DAPP, currently valued at 1.76, compared to the broader market-2.000.002.004.006.008.0010.001.761.82
The chart of Omega ratio for DAPP, currently valued at 1.19, compared to the broader market0.501.001.502.002.503.001.191.20
The chart of Calmar ratio for DAPP, currently valued at 0.95, compared to the broader market0.005.0010.0015.000.950.98
The chart of Martin ratio for DAPP, currently valued at 3.60, compared to the broader market0.0020.0040.0060.0080.00100.003.604.15
DAPP
BITQ

The current DAPP Sharpe Ratio is 0.95, which is comparable to the BITQ Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of DAPP and BITQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
0.95
1.03
DAPP
BITQ

Dividends

DAPP vs. BITQ - Dividend Comparison

DAPP has not paid dividends to shareholders, while BITQ's dividend yield for the trailing twelve months is around 0.93%.


TTM202320222021
DAPP
VanEck Digital Transformation ETF
0.00%0.00%0.00%10.13%
BITQ
Bitwise Crypto Industry Innovators ETF
0.93%1.51%0.00%3.12%

Drawdowns

DAPP vs. BITQ - Drawdown Comparison

The maximum DAPP drawdown since its inception was -91.90%, roughly equal to the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for DAPP and BITQ. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%JulyAugustSeptemberOctoberNovemberDecember
-47.03%
-42.32%
DAPP
BITQ

Volatility

DAPP vs. BITQ - Volatility Comparison

VanEck Digital Transformation ETF (DAPP) and Bitwise Crypto Industry Innovators ETF (BITQ) have volatilities of 24.07% and 23.11%, 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.


10.00%15.00%20.00%25.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
24.07%
23.11%
DAPP
BITQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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