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

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.

0.00%20.00%40.00%60.00%80.00%JuneJulyAugustSeptemberOctoberNovember
73.62%
67.50%
DAPP
BITQ

Returns By Period

The year-to-date returns for both investments are quite close, with DAPP having a 69.75% return and BITQ slightly higher at 69.97%.


DAPP

YTD

69.75%

1M

25.27%

6M

73.63%

1Y

180.82%

5Y (annualized)

N/A

10Y (annualized)

N/A

BITQ

YTD

69.97%

1M

24.68%

6M

67.52%

1Y

160.22%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


DAPPBITQ
Sharpe Ratio2.452.36
Sortino Ratio2.912.92
Omega Ratio1.331.33
Calmar Ratio2.362.15
Martin Ratio9.309.45
Ulcer Index20.36%17.50%
Daily Std Dev77.30%70.18%
Max Drawdown-91.90%-90.32%
Current Drawdown-44.15%-39.75%

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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.


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%

Correlation

-0.50.00.51.01.0

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.

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 2.45, compared to the broader market0.002.004.002.452.36
The chart of Sortino ratio for DAPP, currently valued at 2.91, compared to the broader market-2.000.002.004.006.008.0010.002.912.92
The chart of Omega ratio for DAPP, currently valued at 1.33, compared to the broader market0.501.001.502.002.503.001.331.33
The chart of Calmar ratio for DAPP, currently valued at 2.36, compared to the broader market0.005.0010.0015.002.362.15
The chart of Martin ratio for DAPP, currently valued at 9.30, compared to the broader market0.0020.0040.0060.0080.00100.009.309.45
DAPP
BITQ

The current DAPP Sharpe Ratio is 2.45, which is comparable to the BITQ Sharpe Ratio of 2.36. 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 Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.45
2.36
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 0.89%.


TTM202320222021
DAPP
VanEck Digital Transformation ETF
0.00%0.00%0.00%10.13%
BITQ
Bitwise Crypto Industry Innovators ETF
0.89%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%-65.00%-60.00%-55.00%-50.00%-45.00%-40.00%-35.00%JuneJulyAugustSeptemberOctoberNovember
-44.15%
-39.75%
DAPP
BITQ

Volatility

DAPP vs. BITQ - Volatility Comparison

VanEck Digital Transformation ETF (DAPP) and Bitwise Crypto Industry Innovators ETF (BITQ) have volatilities of 28.79% and 28.18%, 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%JuneJulyAugustSeptemberOctoberNovember
28.79%
28.18%
DAPP
BITQ