DAPP vs. NODE
DAPP (VanEck Digital Transformation ETF) and NODE (VanEck Onchain Economy ETF) are both Blockchain funds from VanEck. DAPP is passively managed, while NODE is actively managed. Over the past year, DAPP returned 43.38% vs 68.39% for NODE. Their correlation of 0.95 suggests significant overlap in exposure. DAPP charges 0.52%/yr vs 0.69%/yr for NODE.
Performance
DAPP vs. NODE - Performance Comparison
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Returns By Period
In the year-to-date period, DAPP achieves a 32.37% return, which is significantly lower than NODE's 35.43% return.
DAPP
- 1D
- -0.64%
- 1M
- 2.87%
- YTD
- 32.37%
- 6M
- 20.82%
- 1Y
- 43.38%
- 3Y*
- 51.74%
- 5Y*
- 0.56%
- 10Y*
- —
NODE
- 1D
- 0.38%
- 1M
- 4.96%
- YTD
- 35.43%
- 6M
- 28.27%
- 1Y
- 68.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DAPP vs. NODE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DAPP VanEck Digital Transformation ETF | 32.37% | 27.94% |
NODE VanEck Onchain Economy ETF | 35.43% | 32.27% |
Correlation
The correlation between DAPP and NODE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 14, 2025 | 0.95 |
The correlation between DAPP and NODE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
DAPP vs. NODE — Risk / Return Rank
DAPP
NODE
DAPP vs. NODE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and VanEck Onchain Economy ETF (NODE). 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 | NODE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.94 | -1.04 |
| Martin ratioReturn relative to average drawdown | 1.74 | 4.27 | -2.52 |
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Drawdowns
DAPP vs. NODE - Drawdown Comparison
The maximum DAPP drawdown since its inception was -92.61%, which is greater than NODE's maximum drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for DAPP and NODE.
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Drawdown Indicators
| DAPP | NODE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.61% | -35.35% | -57.26% |
Max Drawdown (1Y)Largest decline over 1 year | -48.21% | -35.35% | -12.86% |
Max Drawdown (3Y)Largest decline over 3 years | -58.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -91.90% | — | — |
Current DrawdownCurrent decline from peak | -33.81% | -0.84% | -32.97% |
Average DrawdownAverage peak-to-trough decline | -61.16% | -11.03% | -50.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.96% | 16.08% | +8.88% |
Volatility
DAPP vs. NODE - Volatility Comparison
VanEck Digital Transformation ETF (DAPP) has a higher volatility of 18.01% compared to VanEck Onchain Economy ETF (NODE) at 14.69%. This indicates that DAPP's price experiences larger fluctuations and is considered to be riskier than NODE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAPP | NODE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.01% | 14.69% | +3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 46.44% | 35.60% | +10.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.22% | 46.91% | +15.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.11% | 45.30% | +27.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.81% | 45.30% | +27.51% |
DAPP vs. NODE - Expense Ratio Comparison
DAPP has a 0.52% expense ratio, which is lower than NODE's 0.69% expense ratio.
Dividends
DAPP vs. NODE - Dividend Comparison
DAPP has not paid dividends to shareholders, while NODE's dividend yield for the trailing twelve months is around 0.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DAPP VanEck Digital Transformation ETF | 0.00% | 0.00% | 4.04% | 0.00% | 0.00% | 10.13% |
NODE VanEck Onchain Economy ETF | 0.83% | 1.12% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, DAPP and NODE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DAPP has higher volatility (18.01%) compared to NODE (14.69%). In terms of maximum drawdown, DAPP dropped -92.61% vs NODE's -35.35%.
On 1-year performance, NODE leads with 68.39% vs 43.38% for DAPP. On fees, DAPP is cheaper at 0.52% per year. On volatility, NODE has been the lower-risk option at 14.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NODE has performed better with a 68.39% return vs 43.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DAPP is cheaper with a 0.52% expense ratio, compared with 0.69% for NODE.
NODE has the higher dividend yield at 0.83%, compared with 0.00% for DAPP.
Their fees differ too: 0.52% for DAPP and 0.69% for NODE.
NODE currently has the higher Sharpe Ratio (1.47 vs 0.70), 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.
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