DAPP vs. COIN

Last updated Jun 5, 2026

DAPP (VanEck Digital Transformation ETF) is Technology Equities fund tracking the MVIS Global Digital Assets Equity Index, while COIN (Coinbase Global, Inc.) is a stock. Over the past 5 years, DAPP returned -0.41%/yr vs -6.43%/yr for COIN. Their correlation of 0.81 suggests significant overlap in exposure.

Performance

DAPP vs. COIN - Performance Comparison

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

Returns By Period

In the year-to-date period, DAPP achieves a 31.34% return, which is significantly higher than COIN's -27.42% return.

DAPP

• 1D: -1.27%
• 1M: 4.58%
• YTD: 31.34%
• 6M: 10.15%
• 1Y: 50.76%
• 3Y*: 59.16%
• 5Y*: -0.41%
• 10Y*: —

COIN

• 1D: 0.56%
• 1M: -17.00%
• YTD: -27.42%
• 6M: -40.11%
• 1Y: -35.89%
• 3Y*: 40.88%
• 5Y*: -6.43%
• 10Y*: —

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

DAPP vs. COIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DAPP VanEck Digital Transformation ETF	31.34%	15.03%	44.87%	285.02%	-85.60%	-38.65%
COIN Coinbase Global, Inc.	-27.42%	-8.92%	42.77%	391.44%	-85.98%	-23.12%

Correlation

The correlation between DAPP and COIN is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021	0.81

The correlation between DAPP and COIN shifts across timeframes, from 0.72 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

DAPP vs. COIN — Risk / Return Rank

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

DAPP

DAPP Risk / Return Rank: 24
DAPP Sharpe Ratio Rank: 24
DAPP Sortino Ratio Rank: 27
DAPP Omega Ratio Rank: 26
DAPP Calmar Ratio Rank: 24
DAPP Martin Ratio Rank: 19

COIN

COIN Risk / Return Rank: 22
COIN Sharpe Ratio Rank: 19
COIN Sortino Ratio Rank: 22
COIN Omega Ratio Rank: 23
COIN Calmar Ratio Rank: 23
COIN Martin Ratio Rank: 24

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. COIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and Coinbase Global, Inc. (COIN). 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	COIN	Difference
Sharpe ratio: Return per unit of total volatility	0.83	-0.51	+1.34
Sortino ratio: Return per unit of downside risk	1.45	-0.43	+1.88
Omega ratio: Gain probability vs. loss probability	1.17	0.95	+0.22
Calmar ratio: Return relative to maximum drawdown	1.06	-0.54	+1.60
Martin ratio: Return relative to average drawdown	2.07	-0.90	+2.97
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. COIN - Sharpe Ratio Comparison

The current DAPP Sharpe Ratio is 0.83, which is higher than the COIN Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of DAPP and COIN, 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	COIN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	-0.51	+1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	-0.08	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	-0.15	+0.07

Drawdowns

DAPP vs. COIN - Drawdown Comparison

The maximum DAPP drawdown since its inception was -91.90%, roughly equal to the maximum COIN drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for DAPP and COIN.

Drawdown Indicators

	DAPP	COIN	Difference
Max Drawdown Largest peak-to-trough decline	-91.90%	-90.90%	-1.00%
Max Drawdown (1Y) Largest decline over 1 year	-48.21%	-66.39%	+18.18%
Max Drawdown (3Y) Largest decline over 3 years	-58.88%	-66.39%	+7.51%
Max Drawdown (5Y) Largest decline over 5 years	-91.90%	-90.90%	-1.00%
Current Drawdown Current decline from peak	-27.99%	-60.90%	+32.91%
Average Drawdown Average peak-to-trough decline	-57.40%	-49.84%	-7.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.58%	39.86%	-15.28%

Volatility

DAPP vs. COIN - Volatility Comparison

The current volatility for VanEck Digital Transformation ETF (DAPP) is 15.08%, while Coinbase Global, Inc. (COIN) has a volatility of 19.12%. This indicates that DAPP experiences smaller price fluctuations and is considered to be less risky than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAPP	COIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.08%	19.12%	-4.04%
Volatility (6M) Calculated over the trailing 6-month period	46.27%	50.97%	-4.70%
Volatility (1Y) Calculated over the trailing 1-year period	61.53%	70.03%	-8.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.90%	85.85%	-12.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.62%	85.36%	-12.74%

Dividends

DAPP vs. COIN - Dividend Comparison

Neither DAPP nor COIN has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
COIN Coinbase Global, Inc.	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 COIN in my portfolio?

DAPP and COIN have a correlation of 0.72, 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 COIN?

COIN has higher volatility (19.12%) compared to DAPP (15.08%). In terms of maximum drawdown, DAPP dropped -91.90% vs COIN's -90.90%.

Which has better risk-adjusted returns?

DAPP currently has the higher Sharpe Ratio (0.83 vs -0.51), 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.