DAPP vs. BLCH.DE

Last updated Jun 6, 2026

DAPP (VanEck Digital Transformation ETF) and BLCH.DE (Global X Blockchain UCITS ETF USD Accumulating) are both Technology Equities funds - DAPP tracks the MVIS Global Digital Assets Equity Index while BLCH.DE tracks the Solactive Blockchain. Both are passively managed. Over the past 3 years, DAPP returned 52.63%/yr vs 61.00%/yr for BLCH.DE. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

DAPP vs. BLCH.DE - 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 (BLCH.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DAPP is traded in USD, while BLCH.DE is traded in EUR. To make them comparable, the BLCH.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DAPP achieves a 18.94% return, which is significantly lower than BLCH.DE's 31.35% return.

DAPP

• 1D: -9.44%
• 1M: -11.48%
• YTD: 18.94%
• 6M: 3.47%
• 1Y: 41.03%
• 3Y*: 52.63%
• 5Y*: -2.37%
• 10Y*: —

BLCH.DE

• 1D: -4.07%
• 1M: 9.69%
• YTD: 31.35%
• 6M: 10.77%
• 1Y: 103.29%
• 3Y*: 61.00%
• 5Y*: —
• 10Y*: —

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

DAPP vs. BLCH.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DAPP VanEck Digital Transformation ETF	18.94%	15.03%	44.87%	285.02%	-78.96%
BLCH.DE Global X Blockchain UCITS ETF USD Accumulating	31.33%	35.48%	6.19%	331.22%	-79.73%

Correlation

The correlation between DAPP and BLCH.DE is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022	0.67

The correlation between DAPP and BLCH.DE has been stable across timeframes, ranging from 0.67 to 0.68 - a consistent structural relationship.

Return for Risk

DAPP vs. BLCH.DE — 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: 21
DAPP Sortino Ratio Rank: 24
DAPP Omega Ratio Rank: 23
DAPP Calmar Ratio Rank: 20
DAPP Martin Ratio Rank: 17

BLCH.DE

BLCH.DE Risk / Return Rank: 36
BLCH.DE Sharpe Ratio Rank: 42
BLCH.DE Sortino Ratio Rank: 39
BLCH.DE Omega Ratio Rank: 37
BLCH.DE Calmar Ratio Rank: 38
BLCH.DE Martin Ratio Rank: 26

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. BLCH.DE - 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 (BLCH.DE). 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	BLCH.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.66	1.50	-0.84
Sortino ratio: Return per unit of downside risk	1.27	2.03	-0.76
Omega ratio: Gain probability vs. loss probability	1.15	1.24	-0.09
Calmar ratio: Return relative to maximum drawdown	0.86	1.89	-1.03
Martin ratio: Return relative to average drawdown	1.67	3.51	-1.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DAPP vs. BLCH.DE - Sharpe Ratio Comparison

The current DAPP Sharpe Ratio is 0.66, which is lower than the BLCH.DE Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of DAPP and BLCH.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DAPP	BLCH.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.66	1.50	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.16	-0.26

Drawdowns

DAPP vs. BLCH.DE - Drawdown Comparison

The maximum DAPP drawdown since its inception was -91.90%, which is greater than BLCH.DE's maximum drawdown of -84.34%. Use the drawdown chart below to compare losses from any high point for DAPP and BLCH.DE.

Drawdown Indicators

	DAPP	BLCH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-91.90%	-84.34%	-7.56%
Max Drawdown (1Y) Largest decline over 1 year	-48.21%	-54.49%	+6.28%
Max Drawdown (3Y) Largest decline over 3 years	-58.88%	-58.65%	-0.23%
Max Drawdown (5Y) Largest decline over 5 years	-91.90%	—	—
Current Drawdown Current decline from peak	-34.79%	-25.16%	-9.63%
Average Drawdown Average peak-to-trough decline	-57.38%	-45.38%	-12.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.64%	29.30%	-4.66%

Volatility

DAPP vs. BLCH.DE - Volatility Comparison

VanEck Digital Transformation ETF (DAPP) and Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) have volatilities of 16.63% and 16.25%, 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	BLCH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.63%	16.25%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	47.14%	46.77%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	62.26%	68.44%	-6.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.00%	75.43%	-2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.71%	75.43%	-2.72%

DAPP vs. BLCH.DE - Expense Ratio Comparison

Both DAPP and BLCH.DE have an expense ratio of 0.50%.

Dividends

DAPP vs. BLCH.DE - Dividend Comparison

Neither DAPP nor BLCH.DE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BLCH.DE 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 BLCH.DE in my portfolio?

DAPP and BLCH.DE have a correlation of 0.68, 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 BLCH.DE?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DAPP or BLCH.DE?

DAPP and BLCH.DE have the same expense ratio: 0.50% per year.

What is the main difference between DAPP and BLCH.DE?

DAPP tracks MVIS Global Digital Assets Equity Index, while BLCH.DE tracks Solactive Blockchain. They also come from different issuers: VanEck and Global X.