DAPP vs. WGMI
Compare and contrast key facts about VanEck Digital Transformation ETF (DAPP) and Valkyrie Bitcoin Miners ETF (WGMI).
DAPP and WGMI 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. WGMI is an actively managed fund by Valkyrie. It was launched on Feb 7, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DAPP or WGMI.
Correlation
The correlation between DAPP and WGMI 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. WGMI - Performance Comparison
Key characteristics
DAPP:
0.11
WGMI:
-0.16
DAPP:
0.72
WGMI:
0.36
DAPP:
1.08
WGMI:
1.04
DAPP:
0.12
WGMI:
-0.21
DAPP:
0.34
WGMI:
-0.44
DAPP:
25.37%
WGMI:
29.50%
DAPP:
75.06%
WGMI:
83.67%
DAPP:
-91.90%
WGMI:
-85.76%
DAPP:
-65.60%
WGMI:
-54.46%
Returns By Period
In the year-to-date period, DAPP achieves a -27.84% return, which is significantly higher than WGMI's -36.64% return.
DAPP
-27.84%
-4.34%
-22.12%
7.15%
N/A
N/A
WGMI
-36.64%
-10.16%
-36.96%
-13.99%
N/A
N/A
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DAPP vs. WGMI - Expense Ratio Comparison
DAPP has a 0.50% expense ratio, which is lower than WGMI's 0.75% expense ratio.
Risk-Adjusted Performance
DAPP vs. WGMI — Risk-Adjusted Performance Rank
DAPP
WGMI
DAPP vs. WGMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and Valkyrie Bitcoin Miners ETF (WGMI). 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. WGMI - Dividend Comparison
DAPP's dividend yield for the trailing twelve months is around 5.60%, more than WGMI's 0.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
DAPP VanEck Digital Transformation ETF | 5.60% | 4.04% | 0.00% | 0.00% | 10.13% |
WGMI Valkyrie Bitcoin Miners ETF | 0.35% | 0.22% | 0.31% | 0.00% | 0.00% |
Drawdowns
DAPP vs. WGMI - Drawdown Comparison
The maximum DAPP drawdown since its inception was -91.90%, which is greater than WGMI's maximum drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for DAPP and WGMI. For additional features, visit the drawdowns tool.
Volatility
DAPP vs. WGMI - Volatility Comparison
VanEck Digital Transformation ETF (DAPP) and Valkyrie Bitcoin Miners ETF (WGMI) have volatilities of 28.15% and 29.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.