DAPP vs. VOX

Last updated Jun 4, 2026

DAPP (VanEck Digital Transformation ETF) and VOX (Vanguard Communication Services ETF) are both Technology Equities funds - DAPP tracks the MVIS Global Digital Assets Equity Index while VOX tracks the MSCI US Investable Market Telecommunication Services 25/50 Index. Both are passively managed. Over the past 5 years, DAPP returned -0.16%/yr vs 7.58%/yr for VOX. A 0.58 correlation means they provide meaningful diversification when combined. DAPP charges 0.50%/yr vs 0.10%/yr for VOX.

Performance

DAPP vs. VOX - Performance Comparison

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

Returns By Period

In the year-to-date period, DAPP achieves a 33.03% return, which is significantly higher than VOX's -1.38% return.

DAPP

• 1D: -2.57%
• 1M: 10.45%
• YTD: 33.03%
• 6M: 15.86%
• 1Y: 55.85%
• 3Y*: 57.26%
• 5Y*: -0.16%
• 10Y*: —

VOX

• 1D: -0.84%
• 1M: -2.77%
• YTD: -1.38%
• 6M: 0.47%
• 1Y: 20.55%
• 3Y*: 24.02%
• 5Y*: 7.58%
• 10Y*: 9.30%

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

DAPP vs. VOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DAPP VanEck Digital Transformation ETF	33.03%	15.03%	44.87%	285.02%	-85.60%	-38.65%
VOX Vanguard Communication Services ETF	-1.38%	26.27%	33.12%	44.81%	-38.85%	1.02%

Correlation

The correlation between DAPP and VOX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021	0.58

The correlation between DAPP and VOX shifts across timeframes, from 0.47 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.

DAPP vs. VOX - Sectors Allocation Comparison

Sectors	DAPP	VOX
Financial Services	68.5%	-
Technology	28.8%	1.2%
Consumer Cyclical	2.7%	0.2%
Basic Materials	-	-
Communication Services	-	98.4%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	0.0%
Industrials	-	0.0%
Real Estate	-	0.1%
Utilities	-	-

Return for Risk

DAPP vs. VOX — Risk / Return Rank

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

DAPP

DAPP Risk / Return Rank: 25
DAPP Sharpe Ratio Rank: 25
DAPP Sortino Ratio Rank: 28
DAPP Omega Ratio Rank: 26
DAPP Calmar Ratio Rank: 24
DAPP Martin Ratio Rank: 20

VOX

VOX Risk / Return Rank: 35
VOX Sharpe Ratio Rank: 36
VOX Sortino Ratio Rank: 38
VOX Omega Ratio Rank: 35
VOX Calmar Ratio Rank: 30
VOX Martin Ratio Rank: 37

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. VOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and Vanguard Communication Services ETF (VOX). 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.

	DAPP	VOX	Difference
Sharpe ratio: Return per unit of total volatility	0.91	1.34	-0.42
Sortino ratio: Return per unit of downside risk	1.54	2.00	-0.46
Omega ratio: Gain probability vs. loss probability	1.18	1.24	-0.06
Calmar ratio: Return relative to maximum drawdown	1.16	1.52	-0.36
Martin ratio: Return relative to average drawdown	2.28	5.83	-3.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DAPP vs. VOX - Sharpe Ratio Comparison

The current DAPP Sharpe Ratio is 0.91, which is lower than the VOX Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of DAPP and VOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DAPP	VOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	1.34	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	0.36	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.43	-0.51

Drawdowns

DAPP vs. VOX - Drawdown Comparison

The maximum DAPP drawdown since its inception was -91.90%, which is greater than VOX's maximum drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for DAPP and VOX.

Drawdown Indicators

	DAPP	VOX	Difference
Max Drawdown Largest peak-to-trough decline	-91.90%	-57.18%	-34.72%
Max Drawdown (1Y) Largest decline over 1 year	-48.21%	-13.56%	-34.65%
Max Drawdown (3Y) Largest decline over 3 years	-58.88%	-21.15%	-37.73%
Max Drawdown (5Y) Largest decline over 5 years	-91.90%	-46.76%	-45.14%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.76%	—
Current Drawdown Current decline from peak	-27.06%	-4.70%	-22.36%
Average Drawdown Average peak-to-trough decline	-57.42%	-11.91%	-45.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.56%	3.54%	+21.02%

Volatility

DAPP vs. VOX - Volatility Comparison

VanEck Digital Transformation ETF (DAPP) has a higher volatility of 15.49% compared to Vanguard Communication Services ETF (VOX) at 4.24%. This indicates that DAPP's price experiences larger fluctuations and is considered to be riskier than VOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAPP	VOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.49%	4.24%	+11.25%
Volatility (6M) Calculated over the trailing 6-month period	46.31%	11.16%	+35.15%
Volatility (1Y) Calculated over the trailing 1-year period	61.71%	15.45%	+46.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.90%	21.15%	+51.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.64%	20.89%	+51.75%

DAPP vs. VOX - Expense Ratio Comparison

DAPP has a 0.50% expense ratio, which is higher than VOX's 0.10% expense ratio.

Dividends

DAPP vs. VOX - Dividend Comparison

DAPP has not paid dividends to shareholders, while VOX's dividend yield for the trailing twelve months is around 1.00%.

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%
VOX Vanguard Communication Services ETF	1.00%	0.95%	1.05%	1.03%	0.88%	0.93%	0.73%	0.90%	2.77%	3.83%	2.67%	3.55%

Frequently Asked Questions

Can I hold both DAPP and VOX in my portfolio?

DAPP and VOX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DAPP or VOX?

DAPP has higher volatility (15.49%) compared to VOX (4.24%). In terms of maximum drawdown, DAPP dropped -91.90% vs VOX's -57.18%.

Which ETF is better, DAPP or VOX?

On 5-year performance, VOX leads with 7.58% vs -0.16% for DAPP. On fees, VOX is cheaper at 0.10% per year. On volatility, VOX has been the lower-risk option at 4.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DAPP or VOX?

Over the 5-year period, VOX has performed better with a 7.58% return vs -0.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DAPP or VOX?

VOX is cheaper with a 0.10% expense ratio, compared with 0.50% for DAPP.

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

VOX has the higher dividend yield at 1.00%, compared with 0.00% for DAPP.

What is the main difference between DAPP and VOX?

DAPP tracks MVIS Global Digital Assets Equity Index, while VOX tracks MSCI US Investable Market Telecommunication Services 25/50 Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.50% for DAPP and 0.10% for VOX.

Which has better risk-adjusted returns?

VOX currently has the higher Sharpe Ratio (1.34 vs 0.91), 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.