DAPP vs. SPY
Compare and contrast key facts about VanEck Digital Transformation ETF (DAPP) and SPDR S&P 500 ETF (SPY).
DAPP and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DAPP is a passively managed fund by VanEck that tracks the performance of the MVIS Global Digital Assets Equity Index. It was launched on Apr 9, 2021. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both DAPP and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DAPP or SPY.
Key characteristics
| DAPP | SPY | |
|---|---|---|
| YTD Return | -14.98% | 5.60% |
| 1Y Return | 67.43% | 23.55% |
| 3Y Return (Ann) | -32.09% | 7.83% |
| Sharpe Ratio | 1.05 | 1.91 |
| Daily Std Dev | 72.48% | 11.63% |
| Max Drawdown | -91.90% | -55.19% |
| Current Drawdown | -72.03% | -4.36% |
Correlation
The correlation between DAPP and SPY is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DAPP vs. SPY - Performance Comparison
In the year-to-date period, DAPP achieves a -14.98% return, which is significantly lower than SPY's 5.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DAPP vs. SPY - Expense Ratio Comparison
DAPP has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DAPP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and SPDR S&P 500 ETF (SPY). 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.
Dividends
DAPP vs. SPY - Dividend Comparison
DAPP has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.34%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAPP VanEck Digital Transformation ETF | 0.00% | 0.00% | 0.00% | 10.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DAPP vs. SPY - Drawdown Comparison
The maximum DAPP drawdown since its inception was -91.90%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DAPP and SPY. For additional features, visit the drawdowns tool.
Volatility
DAPP vs. SPY - Volatility Comparison
VanEck Digital Transformation ETF (DAPP) has a higher volatility of 18.41% compared to SPDR S&P 500 ETF (SPY) at 3.88%. This indicates that DAPP's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.