DAPP vs. XYZ
DAPP (VanEck Digital Transformation ETF) is Technology Equities fund tracking the MVIS Global Digital Assets Equity Index, while XYZ (Block, Inc) is a stock. Over the past 5 years, DAPP returned -0.86%/yr vs -20.63%/yr for XYZ. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
DAPP vs. XYZ - Performance Comparison
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Returns By Period
In the year-to-date period, DAPP achieves a 25.17% return, which is significantly higher than XYZ's 6.15% return.
DAPP
- 1D
- 6.87%
- 1M
- -4.74%
- YTD
- 25.17%
- 6M
- 4.13%
- 1Y
- 38.49%
- 3Y*
- 57.49%
- 5Y*
- -0.86%
- 10Y*
- —
XYZ
- 1D
- 3.69%
- 1M
- -4.20%
- YTD
- 6.15%
- 6M
- 8.61%
- 1Y
- 7.85%
- 3Y*
- 2.48%
- 5Y*
- -20.63%
- 10Y*
- 22.72%
DAPP vs. XYZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DAPP VanEck Digital Transformation ETF | 25.17% | 15.03% | 44.87% | 285.02% | -85.60% | -45.88% |
XYZ Block, Inc | 6.15% | -23.41% | 9.88% | 23.09% | -61.09% | -40.89% |
Correlation
The correlation between DAPP and XYZ is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.60 |
The correlation between DAPP and XYZ has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
DAPP vs. XYZ — Risk / Return Rank
DAPP
XYZ
DAPP vs. XYZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Transformation ETF (DAPP) and Block, Inc (XYZ). 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 | XYZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.07 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 0.20 | +0.60 |
| Martin ratioReturn relative to average drawdown | 1.56 | 0.46 | +1.10 |
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Drawdowns
DAPP vs. XYZ - Drawdown Comparison
The maximum DAPP drawdown since its inception was -92.61%, which is greater than XYZ's maximum drawdown of -86.08%. Use the drawdown chart below to compare losses from any high point for DAPP and XYZ.
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Drawdown Indicators
| DAPP | XYZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.61% | -86.08% | -6.53% |
Max Drawdown (1Y)Largest decline over 1 year | -48.21% | -39.48% | -8.73% |
Max Drawdown (3Y)Largest decline over 3 years | -58.88% | -52.96% | -5.92% |
Max Drawdown (5Y)Largest decline over 5 years | -91.90% | -86.08% | -5.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.08% | — |
Current DrawdownCurrent decline from peak | -37.41% | -75.48% | +38.07% |
Average DrawdownAverage peak-to-trough decline | -61.28% | -41.04% | -20.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.81% | 17.13% | +7.68% |
Volatility
DAPP vs. XYZ - Volatility Comparison
VanEck Digital Transformation ETF (DAPP) has a higher volatility of 19.25% compared to Block, Inc (XYZ) at 13.18%. This indicates that DAPP's price experiences larger fluctuations and is considered to be riskier than XYZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAPP | XYZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.25% | 13.18% | +6.07% |
Volatility (6M)Calculated over the trailing 6-month period | 47.92% | 35.59% | +12.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.53% | 46.92% | +15.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.13% | 60.02% | +13.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.92% | 56.70% | +16.22% |
Dividends
DAPP vs. XYZ - Dividend Comparison
Neither DAPP nor XYZ 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% |
XYZ Block, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DAPP and XYZ have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAPP has higher volatility (19.25%) compared to XYZ (13.18%). In terms of maximum drawdown, DAPP dropped -92.61% vs XYZ's -86.08%.
DAPP currently has the higher Sharpe Ratio (0.62 vs 0.17), 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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