DAPP vs. BKCG.L

Last updated Jun 23, 2026

DAPP (VanEck Digital Transformation ETF) and BKCG.L (Global X Blockchain UCITS ETF USD Accumulating) are both exchange-traded funds - DAPP is a Blockchain fund tracking the MVIS Global Digital Assets Equity Index, while BKCG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, DAPP returned 51.74%/yr vs 52.20%/yr for BKCG.L. A 0.67 correlation means they provide meaningful diversification when combined. DAPP charges 0.52%/yr vs 0.50%/yr for BKCG.L.

Performance

DAPP vs. BKCG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Digital Transformation ETF (DAPP) and Global X Blockchain UCITS ETF USD Accumulating (BKCG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DAPP is traded in USD, while BKCG.L is traded in GBP. To make them comparable, the BKCG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DAPP achieves a 32.37% return, which is significantly lower than BKCG.L's 36.80% return.

DAPP

• 1D: -0.64%
• 1M: 2.87%
• YTD: 32.37%
• 6M: 20.82%
• 1Y: 43.38%
• 3Y*: 51.74%
• 5Y*: 0.56%
• 10Y*: —

BKCG.L

• 1D: 0.00%
• 1M: 0.26%
• YTD: 36.80%
• 6M: 22.30%
• 1Y: 105.46%
• 3Y*: 52.20%
• 5Y*: —
• 10Y*: —

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

DAPP vs. BKCG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DAPP VanEck Digital Transformation ETF	32.37%	15.03%	44.87%	285.02%	-79.24%
BKCG.L Global X Blockchain UCITS ETF USD Accumulating	36.80%	32.45%	5.20%	329.79%	-79.76%

Correlation

The correlation between DAPP and BKCG.L is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jan 25, 2022	0.67

The correlation between DAPP and BKCG.L has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.

Return for Risk

DAPP vs. BKCG.L — Risk / Return Rank

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

DAPP

DAPP Risk / Return Rank: 21
DAPP Sharpe Ratio Rank: 20
DAPP Sortino Ratio Rank: 24
DAPP Omega Ratio Rank: 23
DAPP Calmar Ratio Rank: 20
DAPP Martin Ratio Rank: 17

BKCG.L

BKCG.L Risk / Return Rank: 40
BKCG.L Sharpe Ratio Rank: 47
BKCG.L Sortino Ratio Rank: 43
BKCG.L Omega Ratio Rank: 39
BKCG.L Calmar Ratio Rank: 42
BKCG.L Martin Ratio Rank: 27

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. BKCG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and Global X Blockchain UCITS ETF USD Accumulating (BKCG.L). 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	BKCG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.70	1.52	-0.81
Sortino ratio: Return per unit of downside risk	1.31	2.06	-0.75
Omega ratio: Gain probability vs. loss probability	1.15	1.24	-0.09
Calmar ratio: Return relative to maximum drawdown	0.90	1.94	-1.03
Martin ratio: Return relative to average drawdown	1.74	3.50	-1.76

DAPP vs. BKCG.L - Sharpe Ratio Comparison

The current DAPP Sharpe Ratio is 0.70, which is lower than the BKCG.L Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of DAPP and BKCG.L, 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. BKCG.L - Drawdown Comparison

The maximum DAPP drawdown since its inception was -92.61%, which is greater than BKCG.L's maximum drawdown of -84.44%. Use the drawdown chart below to compare losses from any high point for DAPP and BKCG.L.

Drawdown Indicators

	DAPP	BKCG.L	Difference
Max Drawdown Largest peak-to-trough decline	-92.61%	-84.44%	-8.17%
Max Drawdown (1Y) Largest decline over 1 year	-48.21%	-54.70%	+6.49%
Max Drawdown (3Y) Largest decline over 3 years	-58.88%	-57.47%	-1.41%
Max Drawdown (5Y) Largest decline over 5 years	-91.90%	—	—
Current Drawdown Current decline from peak	-33.81%	-24.83%	-8.98%
Average Drawdown Average peak-to-trough decline	-61.16%	-45.29%	-15.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.96%	30.22%	-5.26%

Volatility

DAPP vs. BKCG.L - Volatility Comparison

VanEck Digital Transformation ETF (DAPP) and Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) have volatilities of 18.01% and 17.17%, 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.

Volatility by Period

	DAPP	BKCG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.01%	17.17%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	46.44%	47.02%	-0.58%
Volatility (1Y) Calculated over the trailing 1-year period	62.22%	70.12%	-7.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.11%	76.05%	-2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.81%	76.05%	-3.24%

DAPP vs. BKCG.L - Expense Ratio Comparison

DAPP has a 0.52% expense ratio, which is higher than BKCG.L's 0.50% expense ratio.

Dividends

DAPP vs. BKCG.L - Dividend Comparison

Neither DAPP nor BKCG.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BKCG.L Global X Blockchain UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DAPP VanEck Digital Transformation ETF	0.00%	0.00%	4.04%	0.00%	0.00%	10.13%

Frequently Asked Questions

Can I hold both DAPP and BKCG.L in my portfolio?

DAPP and BKCG.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DAPP or BKCG.L?

On fees, BKCG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DAPP or BKCG.L?

BKCG.L is cheaper with a 0.50% expense ratio, compared with 0.52% for DAPP.

What is the main difference between DAPP and BKCG.L?

DAPP is categorized as Blockchain, while BKCG.L is Technology Equities. DAPP tracks MVIS Global Digital Assets Equity Index, while BKCG.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: VanEck and Global X. Their fees differ too: 0.52% for DAPP and 0.50% for BKCG.L.