DAPP vs. VOO
DAPP (VanEck Digital Transformation ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - DAPP is a Blockchain fund tracking the MVIS Global Digital Assets Equity Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, DAPP returned -3.48%/yr vs 12.83%/yr for VOO. Their 0.59 correlation means they have sometimes moved together and sometimes differently. DAPP charges 0.52%/yr vs 0.03%/yr for VOO.
Performance
DAPP vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, DAPP achieves a 6.65% return, which is significantly lower than VOO's 10.16% 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%
VOO
- 1D
- 0.71%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 10.16%
- 1Y
- 21.58%
- 3Y*
- 19.42%
- 5Y*
- 12.83%
- 10Y*
- 15.14%
- ALL TIME*
- 14.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.30M | $5.85M | $16.14M | |
| $3.82B | $3.78B | $5.44B |
DAPP vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DAPP VanEck Digital Transformation ETF | 6.65% | 15.03% | 44.87% | 285.02% | -85.60% | -45.88% |
VOO Vanguard S&P 500 ETF | 10.16% | 17.82% | 24.98% | 26.32% | -18.17% | 16.25% |
Correlation
The correlation between DAPP and VOO is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.59 |
The correlation between DAPP and VOO has been stable across timeframes, ranging from 0.57 to 0.62 - a consistent structural relationship.
DAPP vs. VOO - Sectors Allocation Comparison
Sectors
DAPP
VOO
Financial Services
Technology
Consumer Cyclical
Basic Materials
-
Communication Services
-
Consumer Defensive
-
Energy
-
Healthcare
-
Industrials
-
Real Estate
-
Utilities
-
Financial Services
DAPP
VOO
Technology
DAPP
VOO
Consumer Cyclical
DAPP
VOO
Basic Materials
DAPP
-
VOO
Communication Services
DAPP
-
VOO
Consumer Defensive
DAPP
-
VOO
Energy
DAPP
-
VOO
Healthcare
DAPP
-
VOO
Industrials
DAPP
-
VOO
Real Estate
DAPP
-
VOO
Utilities
DAPP
-
VOO
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Return for Risk
DAPP vs. VOO — Risk / Return Rank
DAPP
VOO
DAPP vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.28 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 2.21 | -2.19 |
| Martin ratioReturn relative to average drawdown | 0.03 | 9.44 | -9.41 |
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Drawdowns
DAPP vs. VOO - Drawdown Comparison
The maximum DAPP drawdown since its inception was -92.61%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DAPP and VOO.
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Drawdown Indicators
| DAPP | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.61% | -33.99% | -58.62% |
Max Drawdown (1Y)Largest decline over 1 year | -48.21% | -8.90% | -39.31% |
Max Drawdown (3Y)Largest decline over 3 years | -58.88% | -18.69% | -40.19% |
Max Drawdown (5Y)Largest decline over 5 years | -91.90% | -24.52% | -67.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -46.67% | -1.38% | -45.29% |
Average DrawdownAverage peak-to-trough decline | -60.79% | -3.67% | -57.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.69% | 2.08% | +24.61% |
Volatility
DAPP vs. VOO - Volatility Comparison
VanEck Digital Transformation ETF (DAPP) has a higher volatility of 21.95% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that DAPP's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAPP | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.95% | 3.54% | +18.41% |
Volatility (6M)Calculated over the trailing 6-month period | 47.95% | 10.10% | +37.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.80% | 12.82% | +51.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.12% | 16.93% | +56.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.72% | 18.01% | +54.71% |
DAPP vs. VOO - Expense Ratio Comparison
DAPP has a 0.52% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
DAPP vs. VOO - Dividend Comparison
DAPP has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAPP VanEck Digital Transformation ETF | 0.00% | 0.00% | 4.04% | 0.00% | 0.00% | 10.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.07% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
DAPP and VOO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAPP has higher volatility (21.95%) compared to VOO (3.54%). In terms of maximum drawdown, DAPP dropped -92.61% vs VOO's -33.99%.
On 5-year performance, VOO leads with 12.83% vs -3.48% for DAPP. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VOO has performed better with a 12.83% return vs -3.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.52% for DAPP.
VOO has the higher dividend yield at 1.07%, compared with 0.00% for DAPP.
DAPP is categorized as Blockchain, while VOO is S&P 500. DAPP tracks MVIS Global Digital Assets Equity Index, while VOO tracks S&P 500 Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.52% for DAPP and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (1.53 vs 0.01), 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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