EMBX vs. DAPP
EMBX (VanEck Emerging Markets Bond ETF) and DAPP (VanEck Digital Transformation ETF) are both exchange-traded funds - EMBX is a Emerging Markets Bonds fund actively managed by VanEck, while DAPP is a Technology Equities fund tracking the MVIS Global Digital Assets Equity Index. EMBX is actively managed, while DAPP is passively managed. Over the past 5 years, EMBX returned 3.88%/yr vs -0.16%/yr for DAPP. At a 0.29 correlation, their price movements are largely independent. EMBX charges 0.76%/yr vs 0.50%/yr for DAPP.
Performance
EMBX vs. DAPP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMBX achieves a 3.49% return, which is significantly lower than DAPP's 33.03% return.
EMBX
- 1D
- -0.40%
- 1M
- 0.90%
- YTD
- 3.49%
- 6M
- 3.62%
- 1Y
- 15.18%
- 3Y*
- 10.16%
- 5Y*
- 3.88%
- 10Y*
- 5.10%
DAPP
- 1D
- -2.57%
- 1M
- 10.45%
- YTD
- 33.03%
- 6M
- 15.86%
- 1Y
- 55.85%
- 3Y*
- 57.26%
- 5Y*
- -0.16%
- 10Y*
- —
EMBX vs. DAPP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMBX VanEck Emerging Markets Bond ETF | 3.49% | 18.80% | 3.09% | 9.34% | -7.21% | -2.93% |
DAPP VanEck Digital Transformation ETF | 33.03% | 15.03% | 44.87% | 285.02% | -85.60% | -38.65% |
Correlation
The correlation between EMBX and DAPP is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.29 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMBX vs. DAPP — Risk / Return Rank
EMBX
DAPP
EMBX vs. DAPP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Emerging Markets Bond ETF (EMBX) and VanEck Digital Transformation ETF (DAPP). 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.
| EMBX | DAPP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.18 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 1.16 | +1.80 |
| Martin ratioReturn relative to average drawdown | 12.58 | 2.28 | +10.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EMBX | DAPP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.66 | 0.91 | +1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | -0.00 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | -0.07 | +0.60 |
Drawdowns
EMBX vs. DAPP - Drawdown Comparison
The maximum EMBX drawdown since its inception was -25.11%, smaller than the maximum DAPP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for EMBX and DAPP.
Loading charts...
Drawdown Indicators
| EMBX | DAPP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.11% | -91.90% | +66.79% |
Max Drawdown (1Y)Largest decline over 1 year | -5.14% | -48.21% | +43.07% |
Max Drawdown (3Y)Largest decline over 3 years | -7.41% | -58.88% | +51.47% |
Max Drawdown (5Y)Largest decline over 5 years | -24.07% | -91.90% | +67.83% |
Max Drawdown (10Y)Largest decline over 10 years | -25.11% | — | — |
Current DrawdownCurrent decline from peak | -0.62% | -27.06% | +26.44% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -57.42% | +50.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 24.56% | -23.35% |
Volatility
EMBX vs. DAPP - Volatility Comparison
The current volatility for VanEck Emerging Markets Bond ETF (EMBX) is 1.73%, while VanEck Digital Transformation ETF (DAPP) has a volatility of 15.49%. This indicates that EMBX experiences smaller price fluctuations and is considered to be less risky than DAPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMBX | DAPP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 15.49% | -13.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.77% | 46.31% | -41.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.72% | 61.71% | -55.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.10% | 72.90% | -66.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.65% | 72.64% | -65.99% |
EMBX vs. DAPP - Expense Ratio Comparison
EMBX has a 0.76% expense ratio, which is higher than DAPP's 0.50% expense ratio.
Dividends
EMBX vs. DAPP - Dividend Comparison
EMBX's dividend yield for the trailing twelve months is around 5.91%, while DAPP has not paid dividends to shareholders.
| 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% |
EMBX VanEck Emerging Markets Bond ETF | 5.91% | 6.95% | 8.20% | 5.49% | 8.21% | 5.50% | 6.56% | 7.89% | 7.25% | 7.66% | 3.94% | 6.84% |
Frequently Asked Questions
EMBX and DAPP have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAPP has higher volatility (15.49%) compared to EMBX (1.73%). In terms of maximum drawdown, EMBX dropped -25.11% vs DAPP's -91.90%.
On 5-year performance, EMBX leads with 3.88% vs -0.16% for DAPP. On fees, DAPP is cheaper at 0.50% per year. On volatility, EMBX has been the lower-risk option at 1.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EMBX has performed better with a 3.88% return vs -0.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DAPP is cheaper with a 0.50% expense ratio, compared with 0.76% for EMBX.
EMBX has the higher dividend yield at 5.91%, compared with 0.00% for DAPP.
EMBX is categorized as Emerging Markets Bonds, while DAPP is Technology Equities. Their fees differ too: 0.76% for EMBX and 0.50% for DAPP.
EMBX currently has the higher Sharpe Ratio (2.66 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.
Find the right allocation for EMBX and DAPP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer