DAPP vs. MSTR
DAPP (VanEck Digital Transformation ETF) is Blockchain fund tracking the MVIS Global Digital Assets Equity Index, while MSTR (Strategy Inc) is a stock. Over the past 5 years, DAPP returned 0.56%/yr vs 14.63%/yr for MSTR. Their correlation of 0.80 suggests significant overlap in exposure.
Performance
DAPP vs. MSTR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DAPP achieves a 32.37% return, which is significantly higher than MSTR's -27.96% return.
DAPP
- 1D
- -0.64%
- 1M
- 2.87%
- YTD
- 32.37%
- 6M
- 20.82%
- 1Y
- 43.38%
- 3Y*
- 51.74%
- 5Y*
- 0.56%
- 10Y*
- —
MSTR
- 1D
- -2.73%
- 1M
- -31.54%
- YTD
- -27.96%
- 6M
- -33.39%
- 1Y
- -70.39%
- 3Y*
- 49.27%
- 5Y*
- 14.63%
- 10Y*
- 20.25%
DAPP vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DAPP VanEck Digital Transformation ETF | 32.37% | 15.03% | 44.87% | 285.02% | -85.60% | -45.88% |
MSTR Strategy Inc | -27.96% | -47.53% | 358.54% | 346.15% | -74.00% | -35.83% |
Correlation
The correlation between DAPP and MSTR is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.80 |
The correlation between DAPP and MSTR has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DAPP vs. MSTR — Risk / Return Rank
DAPP
MSTR
DAPP vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and Strategy Inc (MSTR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DAPP | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +3.17 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.80 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | -0.92 | +1.83 |
| Martin ratioReturn relative to average drawdown | 1.74 | -1.30 | +3.05 |
Loading charts...
Drawdowns
DAPP vs. MSTR - Drawdown Comparison
The maximum DAPP drawdown since its inception was -92.61%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for DAPP and MSTR.
Loading charts...
Drawdown Indicators
| DAPP | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.61% | -99.86% | +7.25% |
Max Drawdown (1Y)Largest decline over 1 year | -48.21% | -76.53% | +28.32% |
Max Drawdown (3Y)Largest decline over 3 years | -58.88% | -77.42% | +18.54% |
Max Drawdown (5Y)Largest decline over 5 years | -91.90% | -84.11% | -7.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -33.81% | -76.90% | +43.09% |
Average DrawdownAverage peak-to-trough decline | -61.16% | -86.45% | +25.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.96% | 54.03% | -29.07% |
Volatility
DAPP vs. MSTR - Volatility Comparison
The current volatility for VanEck Digital Transformation ETF (DAPP) is 18.01%, while Strategy Inc (MSTR) has a volatility of 21.83%. This indicates that DAPP experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DAPP | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.01% | 21.83% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 46.44% | 57.40% | -10.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.22% | 72.01% | -9.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.11% | 90.54% | -17.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.81% | 73.91% | -1.10% |
Dividends
DAPP vs. MSTR - Dividend Comparison
Neither DAPP nor MSTR has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DAPP VanEck Digital Transformation ETF | 0.00% | 0.00% | 4.04% | 0.00% | 0.00% | 10.13% |
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DAPP and MSTR have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (21.83%) compared to DAPP (18.01%). In terms of maximum drawdown, DAPP dropped -92.61% vs MSTR's -99.86%.
DAPP currently has the higher Sharpe Ratio (0.70 vs -0.98), 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.
Find the right allocation for DAPP and MSTR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer