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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DAPP or BITQ.
Key characteristics
| DAPP | BITQ | |
|---|---|---|
| YTD Return | 82.10% | 80.33% |
| 1Y Return | 229.58% | 200.74% |
| 3Y Return (Ann) | -15.50% | -13.58% |
| Sharpe Ratio | 2.84 | 2.72 |
| Sortino Ratio | 3.16 | 3.19 |
| Omega Ratio | 1.36 | 1.36 |
| Calmar Ratio | 2.68 | 2.41 |
| Martin Ratio | 10.77 | 10.89 |
| Ulcer Index | 20.32% | 17.46% |
| Daily Std Dev | 77.08% | 69.77% |
| Max Drawdown | -91.90% | -90.32% |
| Current Drawdown | -40.09% | -36.08% |
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.
Performance
DAPP vs. BITQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with DAPP having a 82.10% return and BITQ slightly lower at 80.33%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DAPP vs. BITQ - Expense Ratio Comparison
DAPP has a 0.50% expense ratio, which is lower than BITQ's 0.85% expense ratio.
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.
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 0.84%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
DAPP VanEck Digital Transformation ETF | 0.00% | 0.00% | 0.00% | 10.13% |
BITQ Bitwise Crypto Industry Innovators ETF | 0.84% | 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.
Volatility
DAPP vs. BITQ - Volatility Comparison
VanEck Digital Transformation ETF (DAPP) and Bitwise Crypto Industry Innovators ETF (BITQ) have volatilities of 27.33% and 26.13%, 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.