GPZ vs. DAPP

Last updated Jun 4, 2026

GPZ (VanEck Alternative Asset Manager ETF) and DAPP (VanEck Digital Transformation ETF) are both exchange-traded funds - GPZ is a Financials Equities fund tracking the MarketVector Alternative Asset Managers Index, while DAPP is a Technology Equities fund tracking the MVIS Global Digital Assets Equity Index. Both are passively managed. A 0.54 correlation means they provide meaningful diversification when combined. GPZ charges 0.40%/yr vs 0.50%/yr for DAPP.

Performance

GPZ vs. DAPP - Performance Comparison

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

Returns By Period

In the year-to-date period, GPZ achieves a -19.37% return, which is significantly lower than DAPP's 33.03% return.

GPZ

• 1D: -4.70%
• 1M: -6.69%
• YTD: -19.37%
• 6M: -16.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DAPP

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

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

GPZ vs. DAPP - Yearly Performance Comparison

	2026 (YTD)	2025
GPZ VanEck Alternative Asset Manager ETF	-19.37%	9.43%
DAPP VanEck Digital Transformation ETF	33.03%	18.58%

Correlation

The correlation between GPZ and DAPP is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.54

GPZ vs. DAPP - Sectors Allocation Comparison

Sectors	GPZ	DAPP
Financial Services	100.0%	68.5%
Real Estate	2.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	2.7%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	28.8%
Utilities	-	-

Return for Risk

GPZ vs. DAPP — 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

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.

GPZ vs. DAPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Alternative Asset Manager ETF (GPZ) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GPZ	DAPP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.91	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	-0.07	-0.36

Drawdowns

GPZ vs. DAPP - Drawdown Comparison

The maximum GPZ drawdown since its inception was -31.72%, smaller than the maximum DAPP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for GPZ and DAPP.

Drawdown Indicators

	GPZ	DAPP	Difference
Max Drawdown Largest peak-to-trough decline	-31.72%	-91.90%	+60.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-48.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-58.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-91.90%	—
Current Drawdown Current decline from peak	-25.93%	-27.06%	+1.13%
Average Drawdown Average peak-to-trough decline	-11.74%	-57.42%	+45.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	24.56%	—

Volatility

Volatility by Period

	GPZ	DAPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.33%	61.71%	-34.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.33%	72.90%	-45.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.33%	72.64%	-45.31%

GPZ vs. DAPP - Expense Ratio Comparison

GPZ has a 0.40% expense ratio, which is lower than DAPP's 0.50% expense ratio.

Dividends

GPZ vs. DAPP - Dividend Comparison

GPZ's dividend yield for the trailing twelve months is around 1.03%, while DAPP has not 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%
GPZ VanEck Alternative Asset Manager ETF	1.03%	0.83%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GPZ and DAPP in my portfolio?

GPZ and DAPP have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GPZ or DAPP?

On fees, GPZ is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GPZ or DAPP?

GPZ is cheaper with a 0.40% expense ratio, compared with 0.50% for DAPP.

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

GPZ has the higher dividend yield at 1.03%, compared with 0.00% for DAPP.

What is the main difference between GPZ and DAPP?

GPZ is categorized as Financials Equities, while DAPP is Technology Equities. GPZ tracks MarketVector Alternative Asset Managers Index, while DAPP tracks MVIS Global Digital Assets Equity Index. Their fees differ too: 0.40% for GPZ and 0.50% for DAPP.