Correlation
The correlation between SSPY and DAPP is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
SSPY vs. DAPP
Compare and contrast key facts about Syntax Stratified LargeCap ETF (SSPY) and VanEck Digital Transformation ETF (DAPP).
SSPY and DAPP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SSPY is a passively managed fund by Syntax Advisors that tracks the performance of the Syntax Stratified LargeCap Index. It was launched on Jan 4, 2019. 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. Both SSPY and DAPP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSPY or DAPP.
Performance
SSPY vs. DAPP - Performance Comparison
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Key characteristics
SSPY:
0.43
DAPP:
0.38
SSPY:
0.67
DAPP:
1.03
SSPY:
1.09
DAPP:
1.12
SSPY:
0.41
DAPP:
0.35
SSPY:
1.58
DAPP:
0.93
SSPY:
4.21%
DAPP:
27.91%
SSPY:
17.28%
DAPP:
74.99%
SSPY:
-36.67%
DAPP:
-91.90%
SSPY:
-3.64%
DAPP:
-57.51%
Returns By Period
In the year-to-date period, SSPY achieves a 2.16% return, which is significantly higher than DAPP's -10.86% return.
SSPY
2.16%
3.98%
-3.64%
6.01%
7.50%
13.56%
10.20%
DAPP
-10.86%
18.28%
-29.38%
30.93%
21.46%
N/A
N/A
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SSPY vs. DAPP - Expense Ratio Comparison
SSPY has a 0.30% expense ratio, which is lower than DAPP's 0.50% expense ratio.
Risk-Adjusted Performance
SSPY vs. DAPP — Risk-Adjusted Performance Rank
SSPY
DAPP
SSPY vs. DAPP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Syntax Stratified LargeCap ETF (SSPY) 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.
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Dividends
SSPY vs. DAPP - Dividend Comparison
SSPY's dividend yield for the trailing twelve months is around 0.34%, less than DAPP's 4.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
SSPY Syntax Stratified LargeCap ETF | 0.34% | 0.35% | 1.76% | 1.69% | 1.09% | 1.63% | 1.55% |
DAPP VanEck Digital Transformation ETF | 4.54% | 4.04% | 0.00% | 0.00% | 10.13% | 0.00% | 0.00% |
Drawdowns
SSPY vs. DAPP - Drawdown Comparison
The maximum SSPY drawdown since its inception was -36.67%, smaller than the maximum DAPP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for SSPY and DAPP.
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Volatility
SSPY vs. DAPP - Volatility Comparison
The current volatility for Syntax Stratified LargeCap ETF (SSPY) is 4.45%, while VanEck Digital Transformation ETF (DAPP) has a volatility of 19.80%. This indicates that SSPY 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.
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