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DAPP vs. FDIG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


DAPPFDIG
YTD Return57.59%28.95%
1Y Return175.04%115.80%
Sharpe Ratio2.331.83
Sortino Ratio2.822.50
Omega Ratio1.321.29
Calmar Ratio2.153.11
Martin Ratio8.646.22
Ulcer Index20.32%19.20%
Daily Std Dev75.42%65.15%
Max Drawdown-91.90%-58.32%
Current Drawdown-48.15%0.00%

Correlation

-0.50.00.51.01.0

The correlation between DAPP and FDIG is 0.96, 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. FDIG - Performance Comparison

In the year-to-date period, DAPP achieves a 57.59% return, which is significantly higher than FDIG's 28.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%0.00%20.00%40.00%60.00%JuneJulyAugustSeptemberOctoberNovember
39.78%
50.29%
DAPP
FDIG

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DAPP vs. FDIG - Expense Ratio Comparison

DAPP has a 0.50% expense ratio, which is higher than FDIG's 0.39% expense ratio.


DAPP
VanEck Digital Transformation ETF
Expense ratio chart for DAPP: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for FDIG: current value at 0.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.39%

Risk-Adjusted Performance

DAPP vs. FDIG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and Fidelity Crypto Industry and Digital Payments ETF (FDIG). 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
Sharpe ratio
The chart of Sharpe ratio for DAPP, currently valued at 2.33, compared to the broader market-2.000.002.004.002.33
Sortino ratio
The chart of Sortino ratio for DAPP, currently valued at 2.82, compared to the broader market0.005.0010.002.82
Omega ratio
The chart of Omega ratio for DAPP, currently valued at 1.32, compared to the broader market1.001.502.002.503.001.32
Calmar ratio
The chart of Calmar ratio for DAPP, currently valued at 3.44, compared to the broader market0.005.0010.0015.003.44
Martin ratio
The chart of Martin ratio for DAPP, currently valued at 8.64, compared to the broader market0.0020.0040.0060.0080.00100.00120.008.64
FDIG
Sharpe ratio
The chart of Sharpe ratio for FDIG, currently valued at 1.83, compared to the broader market-2.000.002.004.001.83
Sortino ratio
The chart of Sortino ratio for FDIG, currently valued at 2.50, compared to the broader market0.005.0010.002.50
Omega ratio
The chart of Omega ratio for FDIG, currently valued at 1.29, compared to the broader market1.001.502.002.503.001.29
Calmar ratio
The chart of Calmar ratio for FDIG, currently valued at 3.11, compared to the broader market0.005.0010.0015.003.11
Martin ratio
The chart of Martin ratio for FDIG, currently valued at 6.22, compared to the broader market0.0020.0040.0060.0080.00100.00120.006.22

DAPP vs. FDIG - Sharpe Ratio Comparison

The current DAPP Sharpe Ratio is 2.33, which is comparable to the FDIG Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of DAPP and FDIG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
2.33
1.83
DAPP
FDIG

Dividends

DAPP vs. FDIG - Dividend Comparison

DAPP has not paid dividends to shareholders, while FDIG's dividend yield for the trailing twelve months is around 0.14%.


TTM202320222021
DAPP
VanEck Digital Transformation ETF
0.00%0.00%0.00%10.13%
FDIG
Fidelity Crypto Industry and Digital Payments ETF
0.14%0.18%0.00%0.00%

Drawdowns

DAPP vs. FDIG - Drawdown Comparison

The maximum DAPP drawdown since its inception was -91.90%, which is greater than FDIG's maximum drawdown of -58.32%. Use the drawdown chart below to compare losses from any high point for DAPP and FDIG. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
DAPP
FDIG

Volatility

DAPP vs. FDIG - Volatility Comparison

VanEck Digital Transformation ETF (DAPP) has a higher volatility of 24.22% compared to Fidelity Crypto Industry and Digital Payments ETF (FDIG) at 21.27%. This indicates that DAPP's price experiences larger fluctuations and is considered to be riskier than FDIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
24.22%
21.27%
DAPP
FDIG