DAPP vs. BITQ
Compare and contrast key facts about VanEck Digital Transformation ETF (DAPP) and Bitwise Crypto Industry Innovators ETF (BITQ).
DAPP and BITQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DAPP is a passively managed fund by VanEck that tracks the performance of the MVIS Global Digital Assets Equity Index. It was launched on Apr 9, 2021. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021. Both DAPP and BITQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DAPP vs. BITQ - Performance Comparison
Loading graphics...
DAPP vs. BITQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DAPP VanEck Digital Transformation ETF | -10.28% | 15.03% | 44.87% | 285.02% | -85.60% | -18.35% |
BITQ Bitwise Crypto Industry Innovators ETF | -5.92% | 18.00% | 46.97% | 246.83% | -83.86% | -7.06% |
Returns By Period
In the year-to-date period, DAPP achieves a -10.28% return, which is significantly lower than BITQ's -5.92% return.
DAPP
- 1D
- -0.60%
- 1M
- -10.50%
- YTD
- -10.28%
- 6M
- -33.02%
- 1Y
- 55.13%
- 3Y*
- 49.07%
- 5Y*
- —
- 10Y*
- —
BITQ
- 1D
- -0.58%
- 1M
- -8.31%
- YTD
- -5.92%
- 6M
- -26.36%
- 1Y
- 47.29%
- 3Y*
- 48.40%
- 5Y*
- —
- 10Y*
- —
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.
Return for Risk
DAPP vs. BITQ — Risk / Return Rank
DAPP
BITQ
DAPP vs. BITQ - Risk-Adjusted Trends 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.
| DAPP | BITQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.81 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.52 | 1.45 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.17 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.21 | +0.12 |
Martin ratioReturn relative to average drawdown | 2.89 | 2.74 | +0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DAPP | BITQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.81 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | -0.05 | -0.13 |
Correlation
The correlation between DAPP and BITQ is 0.99, 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.
Dividends
DAPP vs. BITQ - Dividend Comparison
Neither DAPP nor BITQ has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DAPP VanEck Digital Transformation ETF | 0.00% | 0.00% | 4.04% | 0.00% | 0.00% | 10.13% |
BITQ Bitwise Crypto Industry Innovators ETF | 0.00% | 0.00% | 0.90% | 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.
Loading graphics...
Drawdown Indicators
| DAPP | BITQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.90% | -90.32% | -1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -48.21% | -44.99% | -3.22% |
Current DrawdownCurrent decline from peak | -50.81% | -42.16% | -8.65% |
Average DrawdownAverage peak-to-trough decline | -58.22% | -53.86% | -4.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.22% | 19.87% | +2.35% |
Volatility
DAPP vs. BITQ - Volatility Comparison
VanEck Digital Transformation ETF (DAPP) has a higher volatility of 18.93% compared to Bitwise Crypto Industry Innovators ETF (BITQ) at 17.63%. This indicates that DAPP's price experiences larger fluctuations and is considered to be riskier than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| DAPP | BITQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.93% | 17.63% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 50.35% | 45.99% | +4.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.87% | 58.97% | +7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.26% | 67.77% | +5.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.26% | 67.77% | +5.49% |