DAPP vs. QSOL
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. Their 0.69 correlation means they have sometimes moved together and sometimes differently. DAPP charges 0.52%/yr vs 0.25%/yr for QSOL.
Performance
DAPP vs. QSOL - Performance Comparison
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Returns By Period
In the year-to-date period, DAPP achieves a 6.65% return, which is significantly higher than QSOL's -40.22% return.
DAPP
- 1D
- -3.40%
- 1M
- -4.60%
- 6M
- -2.22%
- YTD
- 6.65%
- 1Y
- 9.98%
- 3Y*
- 30.75%
- 5Y*
- -3.48%
- 10Y*
- —
- ALL TIME*
- -11.19%
QSOL
- 1D
- -2.09%
- 1M
- -9.11%
- 6M
- -36.54%
- YTD
- -40.22%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.30M | $5.85M | $16.14M | |
| $123.54K | $80.36K | $100.95K |
DAPP vs. QSOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DAPP VanEck Digital Transformation ETF | 6.65% | -11.22% |
QSOL Invesco Galaxy Solana ETF | -40.22% | -4.28% |
Correlation
The correlation between DAPP and QSOL is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 15, 2025 | 0.69 |
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Return for Risk
DAPP vs. QSOL — Risk / Return Rank
DAPP
QSOL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.05 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | — | — |
| Martin ratioReturn relative to average drawdown | 0.03 | — | — |
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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.
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Drawdown Indicators
| DAPP | QSOL | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -46.67% | -49.74% | +3.07% |
Average DrawdownAverage peak-to-trough decline | -60.79% | -36.35% | -24.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.69% | — | — |
Volatility
DAPP vs. QSOL - Volatility Comparison
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Volatility by Period
| DAPP | QSOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.95% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 47.95% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 64.80% | 69.60% | -4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.12% | 69.60% | +3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.72% | 69.60% | +3.12% |
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 0.93%.
| 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 | 0.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DAPP and QSOL have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
QSOL is cheaper with a 0.25% expense ratio, compared with 0.52% for DAPP.
QSOL has the higher dividend yield at 0.93%, compared with 0.00% for DAPP.
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.
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