DAPP vs. CRPT
Compare and contrast key facts about VanEck Digital Transformation ETF (DAPP) and First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT).
DAPP and CRPT 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. CRPT is an actively managed fund by First Trust. It was launched on Sep 20, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DAPP or CRPT.
Key characteristics
| DAPP | CRPT | |
|---|---|---|
| YTD Return | -9.05% | 18.20% |
| 1Y Return | 79.81% | 135.67% |
| Sharpe Ratio | 1.16 | 1.80 |
| Daily Std Dev | 72.42% | 78.05% |
| Max Drawdown | -91.90% | -88.34% |
| Current Drawdown | -70.08% | -56.74% |
Correlation
The correlation between DAPP and CRPT is 0.95, 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. CRPT - Performance Comparison
In the year-to-date period, DAPP achieves a -9.05% return, which is significantly lower than CRPT's 18.20% 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. CRPT - Expense Ratio Comparison
DAPP has a 0.50% expense ratio, which is lower than CRPT's 0.85% expense ratio.
Risk-Adjusted Performance
DAPP vs. CRPT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT). 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. CRPT - Dividend Comparison
Neither DAPP nor CRPT has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
DAPP VanEck Digital Transformation ETF | 0.00% | 0.00% | 0.00% | 10.13% |
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF | 0.00% | 0.00% | 0.03% | 1.16% |
Drawdowns
DAPP vs. CRPT - Drawdown Comparison
The maximum DAPP drawdown since its inception was -91.90%, roughly equal to the maximum CRPT drawdown of -88.34%. Use the drawdown chart below to compare losses from any high point for DAPP and CRPT. For additional features, visit the drawdowns tool.
Volatility
DAPP vs. CRPT - Volatility Comparison
The current volatility for VanEck Digital Transformation ETF (DAPP) is 19.41%, while First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT) has a volatility of 23.34%. This indicates that DAPP experiences smaller price fluctuations and is considered to be less risky than CRPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.