DAPP vs. TOXR

Last updated Jun 23, 2026

DAPP (VanEck Digital Transformation ETF) and TOXR (21Shares XRP ETF) are both exchange-traded funds - DAPP is a Blockchain fund tracking the MVIS Global Digital Assets Equity Index, while TOXR is a Cryptocurrency fund tracking the CME CF XRP-Dollar Reference Rate - New York Variant. Both are passively managed. A 0.74 correlation means they provide meaningful diversification when combined. DAPP charges 0.52%/yr vs 0.30%/yr for TOXR.

Performance

DAPP vs. TOXR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Digital Transformation ETF (DAPP) and 21Shares XRP ETF (TOXR). 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 TOXR's -38.04% return.

DAPP

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

TOXR

• 1D: -0.72%
• 1M: -14.98%
• YTD: -38.04%
• 6M: -40.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DAPP vs. TOXR - Yearly Performance Comparison

	2026 (YTD)	2025
DAPP VanEck Digital Transformation ETF	32.37%	-16.81%
TOXR 21Shares XRP ETF	-38.04%	-8.28%

Correlation

The correlation between DAPP and TOXR is 0.74, 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 11, 2025	0.74

Return for Risk

DAPP vs. TOXR — 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

TOXR

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. TOXR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and 21Shares XRP ETF (TOXR). 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	TOXR	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. TOXR - Drawdown Comparison

The maximum DAPP drawdown since its inception was -92.61%, which is greater than TOXR's maximum drawdown of -52.62%. Use the drawdown chart below to compare losses from any high point for DAPP and TOXR.

Drawdown Indicators

	DAPP	TOXR	Difference
Max Drawdown Largest peak-to-trough decline	-92.61%	-52.62%	-39.99%
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%	-51.00%	+17.19%
Average Drawdown Average peak-to-trough decline	-61.16%	-32.95%	-28.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.96%	—	—

Volatility

Volatility by Period

	DAPP	TOXR	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%	73.81%	-11.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.11%	73.81%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.81%	73.81%	-1.00%

DAPP vs. TOXR - Expense Ratio Comparison

DAPP has a 0.52% expense ratio, which is higher than TOXR's 0.30% expense ratio.

Dividends

DAPP vs. TOXR - Dividend Comparison

Neither DAPP nor TOXR 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%
TOXR 21Shares XRP ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DAPP and TOXR in my portfolio?

DAPP and TOXR have a correlation of 0.74, 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 TOXR?

On fees, TOXR is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DAPP or TOXR?

TOXR is cheaper with a 0.30% expense ratio, compared with 0.52% for DAPP.

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

DAPP and TOXR have nearly identical dividend yields, around 0.00%.

What is the main difference between DAPP and TOXR?

DAPP is categorized as Blockchain, while TOXR is Cryptocurrency. DAPP tracks MVIS Global Digital Assets Equity Index, while TOXR tracks CME CF XRP-Dollar Reference Rate - New York Variant. They also come from different issuers: VanEck and 21Shares. Their fees differ too: 0.52% for DAPP and 0.30% for TOXR.