DAPP vs. BLCN
Compare and contrast key facts about VanEck Digital Transformation ETF (DAPP) and Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN).
DAPP and BLCN 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. BLCN is a passively managed fund by SRN Advisors that tracks the performance of the Siren NASDAQ Blockchain Economy Index. It was launched on Jan 17, 2018. Both DAPP and BLCN 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 BLCN.
Key characteristics
| DAPP | BLCN | |
|---|---|---|
| YTD Return | 82.10% | 20.07% |
| 1Y Return | 229.58% | 51.39% |
| 3Y Return (Ann) | -15.50% | -16.50% |
| Sharpe Ratio | 2.84 | 1.26 |
| Sortino Ratio | 3.16 | 1.90 |
| Omega Ratio | 1.36 | 1.22 |
| Calmar Ratio | 2.68 | 0.77 |
| Martin Ratio | 10.77 | 5.76 |
| Ulcer Index | 20.32% | 8.32% |
| Daily Std Dev | 77.08% | 37.93% |
| Max Drawdown | -91.90% | -64.38% |
| Current Drawdown | -40.09% | -42.71% |
Correlation
The correlation between DAPP and BLCN is 0.74, 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. BLCN - Performance Comparison
In the year-to-date period, DAPP achieves a 82.10% return, which is significantly higher than BLCN's 20.07% return. 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. BLCN - Expense Ratio Comparison
DAPP has a 0.50% expense ratio, which is lower than BLCN's 0.68% expense ratio.
Risk-Adjusted Performance
DAPP vs. BLCN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN). 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. BLCN - Dividend Comparison
DAPP has not paid dividends to shareholders, while BLCN's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
DAPP VanEck Digital Transformation ETF | 0.00% | 0.00% | 0.00% | 10.13% | 0.00% | 0.00% | 0.00% |
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 0.61% | 0.54% | 1.28% | 0.56% | 0.58% | 1.45% | 1.15% |
Drawdowns
DAPP vs. BLCN - Drawdown Comparison
The maximum DAPP drawdown since its inception was -91.90%, which is greater than BLCN's maximum drawdown of -64.38%. Use the drawdown chart below to compare losses from any high point for DAPP and BLCN. For additional features, visit the drawdowns tool.
Volatility
DAPP vs. BLCN - Volatility Comparison
VanEck Digital Transformation ETF (DAPP) has a higher volatility of 27.33% compared to Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) at 13.24%. This indicates that DAPP's price experiences larger fluctuations and is considered to be riskier than BLCN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.