DAPP vs. BRF
Compare and contrast key facts about VanEck Digital Transformation ETF (DAPP) and VanEck Vectors Brazil Small-Cap ETF (BRF).
DAPP and BRF 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. BRF is a passively managed fund by VanEck that tracks the performance of the MVIS Brazil Small-Cap Index. It was launched on May 12, 2009. Both DAPP and BRF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DAPP vs. BRF - Performance Comparison
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DAPP vs. BRF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DAPP VanEck Digital Transformation ETF | -9.74% | 15.03% | 44.87% | 285.02% | -85.60% | -38.65% |
BRF VanEck Vectors Brazil Small-Cap ETF | 14.12% | 54.17% | -35.02% | 37.21% | -14.38% | -15.81% |
Returns By Period
In the year-to-date period, DAPP achieves a -9.74% return, which is significantly lower than BRF's 14.12% return.
DAPP
- 1D
- 6.88%
- 1M
- -6.34%
- YTD
- -9.74%
- 6M
- -31.40%
- 1Y
- 65.23%
- 3Y*
- 49.37%
- 5Y*
- —
- 10Y*
- —
BRF
- 1D
- 4.69%
- 1M
- -6.15%
- YTD
- 14.12%
- 6M
- 18.82%
- 1Y
- 51.65%
- 3Y*
- 16.47%
- 5Y*
- 3.53%
- 10Y*
- 7.87%
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DAPP vs. BRF - Expense Ratio Comparison
DAPP has a 0.50% expense ratio, which is lower than BRF's 0.60% expense ratio.
Return for Risk
DAPP vs. BRF — Risk / Return Rank
DAPP
BRF
DAPP vs. BRF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and VanEck Vectors Brazil Small-Cap ETF (BRF). 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 | BRF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.79 | -0.81 |
Sortino ratioReturn per unit of downside risk | 1.67 | 2.33 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 3.19 | -1.94 |
Martin ratioReturn relative to average drawdown | 2.72 | 10.54 | -7.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DAPP | BRF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.79 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | 0.07 | -0.24 |
Correlation
The correlation between DAPP and BRF is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DAPP vs. BRF - Dividend Comparison
DAPP has not paid dividends to shareholders, while BRF's dividend yield for the trailing twelve months is around 4.86%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
BRF VanEck Vectors Brazil Small-Cap ETF | 4.86% | 5.54% | 4.08% | 5.02% | 4.13% | 2.96% | 1.66% | 2.54% | 2.89% | 4.53% | 4.25% | 3.84% |
Drawdowns
DAPP vs. BRF - Drawdown Comparison
The maximum DAPP drawdown since its inception was -91.90%, which is greater than BRF's maximum drawdown of -82.26%. Use the drawdown chart below to compare losses from any high point for DAPP and BRF.
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Drawdown Indicators
| DAPP | BRF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.90% | -82.26% | -9.64% |
Max Drawdown (1Y)Largest decline over 1 year | -48.21% | -16.11% | -32.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.43% | — |
Current DrawdownCurrent decline from peak | -50.51% | -44.36% | -6.15% |
Average DrawdownAverage peak-to-trough decline | -58.23% | -45.76% | -12.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.05% | 4.87% | +17.18% |
Volatility
DAPP vs. BRF - Volatility Comparison
VanEck Digital Transformation ETF (DAPP) has a higher volatility of 19.45% compared to VanEck Vectors Brazil Small-Cap ETF (BRF) at 14.62%. This indicates that DAPP's price experiences larger fluctuations and is considered to be riskier than BRF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAPP | BRF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.45% | 14.62% | +4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 50.35% | 22.76% | +27.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.96% | 29.00% | +37.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.29% | 31.53% | +41.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.29% | 34.01% | +39.28% |