DAPP vs. BIZD

Last updated Jun 25, 2026

DAPP (VanEck Digital Transformation ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - DAPP is a Blockchain fund tracking the MVIS Global Digital Assets Equity Index, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. Both are passively managed. Over the past 5 years, DAPP returned -0.90%/yr vs 3.90%/yr for BIZD. At a 0.42 correlation, their price movements are largely independent. DAPP charges 0.52%/yr vs 12.86%/yr for BIZD.

Performance

DAPP vs. BIZD - Performance Comparison

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

Returns By Period

In the year-to-date period, DAPP achieves a 22.81% return, which is significantly higher than BIZD's -10.52% return.

DAPP

• 1D: -5.01%
• 1M: -4.56%
• YTD: 22.81%
• 6M: 13.79%
• 1Y: 31.22%
• 3Y*: 48.00%
• 5Y*: -0.90%
• 10Y*: —

BIZD

• 1D: -0.73%
• 1M: -1.37%
• YTD: -10.52%
• 6M: -9.26%
• 1Y: -14.09%
• 3Y*: 5.09%
• 5Y*: 3.90%
• 10Y*: 7.48%

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

DAPP vs. BIZD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DAPP VanEck Digital Transformation ETF	22.81%	15.03%	44.87%	285.02%	-85.60%	-45.88%
BIZD VanEck BDC Income ETF	-10.52%	-4.96%	15.63%	27.02%	-8.51%	10.51%

Correlation

The correlation between DAPP and BIZD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021	0.42

DAPP vs. BIZD - Sectors Allocation Comparison

Sectors	DAPP	BIZD
Financial Services	62.8%	100.0%
Technology	34.7%	-
Consumer Cyclical	2.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

DAPP vs. BIZD — Risk / Return Rank

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

DAPP

DAPP Risk / Return Rank: 18
DAPP Sharpe Ratio Rank: 17
DAPP Sortino Ratio Rank: 21
DAPP Omega Ratio Rank: 20
DAPP Calmar Ratio Rank: 17
DAPP Martin Ratio Rank: 15

BIZD

BIZD Risk / Return Rank: 4
BIZD Sharpe Ratio Rank: 3
BIZD Sortino Ratio Rank: 3
BIZD Omega Ratio Rank: 3
BIZD Calmar Ratio Rank: 4
BIZD Martin Ratio Rank: 4

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. BIZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and VanEck BDC Income ETF (BIZD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DAPP	BIZD	Difference
Sharpe ratio: Return per unit of total volatility	0.50	-0.77	+1.27
Sortino ratio: Return per unit of downside risk	1.09	-1.00	+2.10
Omega ratio: Gain probability vs. loss probability	1.13	0.89	+0.24
Calmar ratio: Return relative to maximum drawdown	0.65	-0.64	+1.29
Martin ratio: Return relative to average drawdown	1.25	-1.06	+2.31

DAPP vs. BIZD - Sharpe Ratio Comparison

The current DAPP Sharpe Ratio is 0.50, which is higher than the BIZD Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of DAPP and BIZD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DAPP vs. BIZD - Drawdown Comparison

The maximum DAPP drawdown since its inception was -92.61%, which is greater than BIZD's maximum drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for DAPP and BIZD.

Drawdown Indicators

	DAPP	BIZD	Difference
Max Drawdown Largest peak-to-trough decline	-92.61%	-55.44%	-37.17%
Max Drawdown (1Y) Largest decline over 1 year	-48.21%	-22.22%	-25.99%
Max Drawdown (3Y) Largest decline over 3 years	-58.88%	-22.56%	-36.32%
Max Drawdown (5Y) Largest decline over 5 years	-91.90%	-22.91%	-68.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-55.44%	—
Current Drawdown Current decline from peak	-38.59%	-20.64%	-17.95%
Average Drawdown Average peak-to-trough decline	-61.12%	-6.77%	-54.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.03%	13.36%	+11.67%

Volatility

DAPP vs. BIZD - Volatility Comparison

VanEck Digital Transformation ETF (DAPP) has a higher volatility of 18.24% compared to VanEck BDC Income ETF (BIZD) at 5.53%. This indicates that DAPP's price experiences larger fluctuations and is considered to be riskier than BIZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAPP	BIZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.24%	5.53%	+12.71%
Volatility (6M) Calculated over the trailing 6-month period	46.19%	15.18%	+31.01%
Volatility (1Y) Calculated over the trailing 1-year period	62.36%	18.49%	+43.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.14%	17.44%	+55.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.79%	21.78%	+51.01%

DAPP vs. BIZD - Expense Ratio Comparison

DAPP has a 0.52% expense ratio, which is lower than BIZD's 12.86% expense ratio.

Dividends

DAPP vs. BIZD - Dividend Comparison

DAPP has not paid dividends to shareholders, while BIZD's dividend yield for the trailing twelve months is around 14.11%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIZD VanEck BDC Income ETF	14.11%	11.78%	10.94%	10.96%	11.21%	8.14%	10.39%	9.13%	10.88%	9.13%	8.51%	9.12%
DAPP VanEck Digital Transformation ETF	0.00%	0.00%	4.04%	0.00%	0.00%	10.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DAPP and BIZD in my portfolio?

DAPP and BIZD have a correlation of 0.38, 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 BIZD?

DAPP has higher volatility (18.24%) compared to BIZD (5.53%). In terms of maximum drawdown, DAPP dropped -92.61% vs BIZD's -55.44%.

Which ETF is better, DAPP or BIZD?

On 5-year performance, BIZD leads with 3.90% vs -0.90% for DAPP. On fees, DAPP is cheaper at 0.52% per year. On volatility, BIZD has been the lower-risk option at 5.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DAPP or BIZD?

Over the 5-year period, BIZD has performed better with a 3.90% return vs -0.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DAPP or BIZD?

DAPP is cheaper with a 0.52% expense ratio, compared with 12.86% for BIZD.

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

BIZD has the higher dividend yield at 14.11%, compared with 0.00% for DAPP.

What is the main difference between DAPP and BIZD?

DAPP is categorized as Blockchain, while BIZD is Financials Equities. DAPP tracks MVIS Global Digital Assets Equity Index, while BIZD tracks MVIS US Business Development Companies Index. Their fees differ too: 0.52% for DAPP and 12.86% for BIZD.

Which has better risk-adjusted returns?

DAPP currently has the higher Sharpe Ratio (0.50 vs -0.77), 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.