DAPP vs. QSOL

Last updated Jun 23, 2026

DAPP (VanEck Digital Transformation ETF) and QSOL (Invesco Galaxy Solana ETF) are both exchange-traded funds - DAPP is a Blockchain fund tracking the MVIS Global Digital Assets Equity Index, while QSOL is a Cryptocurrency fund tracking the Lukka Prime Solana Reference Rate - Benchmark Price Return. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. DAPP charges 0.52%/yr vs 0.25%/yr for QSOL.

Performance

DAPP vs. QSOL - Performance Comparison

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

Returns By Period

In the year-to-date period, DAPP achieves a 32.37% return, which is significantly higher than QSOL's -40.73% return.

DAPP

• 1D: -0.64%
• 1M: 2.87%
• YTD: 32.37%
• 6M: 20.82%
• 1Y: 43.38%
• 3Y*: 51.74%
• 5Y*: 0.56%
• 10Y*: —

QSOL

• 1D: 4.95%
• 1M: -13.77%
• YTD: -40.73%
• 6M: -40.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DAPP vs. QSOL - Yearly Performance Comparison

	2026 (YTD)	2025
DAPP VanEck Digital Transformation ETF	32.37%	-11.22%
QSOL Invesco Galaxy Solana ETF	-40.73%	-4.28%

Correlation

The correlation between DAPP and QSOL 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 (All Time) Calculated using the full available price history since Dec 15, 2025	0.73

Return for Risk

DAPP vs. QSOL — Risk / Return Rank

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

DAPP

DAPP Risk / Return Rank: 21
DAPP Sharpe Ratio Rank: 20
DAPP Sortino Ratio Rank: 24
DAPP Omega Ratio Rank: 23
DAPP Calmar Ratio Rank: 20
DAPP Martin Ratio Rank: 17

QSOL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. QSOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and Invesco Galaxy Solana ETF (QSOL). 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	QSOL	Difference
Sharpe ratio: Return per unit of total volatility	0.70	—	—
Sortino ratio: Return per unit of downside risk	1.31	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.90	—	—
Martin ratio: Return relative to average drawdown	1.74	—	—

Drawdowns

DAPP vs. QSOL - Drawdown Comparison

The maximum DAPP drawdown since its inception was -92.61%, which is greater than QSOL's maximum drawdown of -56.55%. Use the drawdown chart below to compare losses from any high point for DAPP and QSOL.

Drawdown Indicators

	DAPP	QSOL	Difference
Max Drawdown Largest peak-to-trough decline	-92.61%	-56.55%	-36.06%
Max Drawdown (1Y) Largest decline over 1 year	-48.21%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-58.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-91.90%	—	—
Current Drawdown Current decline from peak	-33.81%	-50.17%	+16.36%
Average Drawdown Average peak-to-trough decline	-61.16%	-33.77%	-27.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.96%	—	—

Volatility

Volatility by Period

	DAPP	QSOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	46.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	62.22%	72.27%	-10.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.11%	72.27%	+0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.81%	72.27%	+0.54%

DAPP vs. QSOL - Expense Ratio Comparison

DAPP has a 0.52% expense ratio, which is higher than QSOL's 0.25% expense ratio.

Dividends

DAPP vs. QSOL - Dividend Comparison

DAPP has not paid dividends to shareholders, while QSOL's dividend yield for the trailing twelve months is around 0.94%.

Position	TTM	2025	2024	2023	2022	2021
DAPP VanEck Digital Transformation ETF	0.00%	0.00%	4.04%	0.00%	0.00%	10.13%
QSOL Invesco Galaxy Solana ETF	0.94%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DAPP and QSOL in my portfolio?

DAPP and QSOL 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.

Which ETF is better, DAPP or QSOL?

On fees, QSOL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DAPP or QSOL?

QSOL is cheaper with a 0.25% expense ratio, compared with 0.52% for DAPP.

Which ETF pays a higher dividend yield, DAPP or QSOL?

QSOL has the higher dividend yield at 0.94%, compared with 0.00% for DAPP.

What is the main difference between DAPP and QSOL?

DAPP is categorized as Blockchain, while QSOL is Cryptocurrency. DAPP tracks MVIS Global Digital Assets Equity Index, while QSOL tracks Lukka Prime Solana Reference Rate - Benchmark Price Return. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.52% for DAPP and 0.25% for QSOL.