VSOL vs. DAPP

Last updated Jun 4, 2026

VSOL (VanEck Solana ETF) and DAPP (VanEck Digital Transformation ETF) are both exchange-traded funds - VSOL is a Cryptocurrency fund actively managed by VanEck, while DAPP is a Technology Equities fund tracking the MVIS Global Digital Assets Equity Index. VSOL is actively managed, while DAPP is passively managed. A 0.70 correlation means they provide meaningful diversification when combined. VSOL charges 0.30%/yr vs 0.50%/yr for DAPP.

Performance

VSOL vs. DAPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Solana ETF (VSOL) 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, VSOL achieves a -40.84% return, which is significantly lower than DAPP's 33.03% return.

VSOL

• 1D: -4.61%
• 1M: -14.43%
• YTD: -40.84%
• 6M: -47.89%
• 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)

VSOL vs. DAPP - Yearly Performance Comparison

	2026 (YTD)	2025
VSOL VanEck Solana ETF	-40.84%	-4.01%
DAPP VanEck Digital Transformation ETF	33.03%	-3.39%

Correlation

The correlation between VSOL and DAPP is 0.70, 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 Nov 18, 2025	0.70

Return for Risk

VSOL 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.

VSOL vs. DAPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Solana ETF (VSOL) 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

	VSOL	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	-0.90	-0.07	-0.83

Drawdowns

VSOL vs. DAPP - Drawdown Comparison

The maximum VSOL drawdown since its inception was -50.27%, smaller than the maximum DAPP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for VSOL and DAPP.

Drawdown Indicators

	VSOL	DAPP	Difference
Max Drawdown Largest peak-to-trough decline	-50.27%	-91.90%	+41.63%
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	-50.27%	-27.06%	-23.21%
Average Drawdown Average peak-to-trough decline	-28.83%	-57.42%	+28.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	24.56%	—

Volatility

Volatility by Period

	VSOL	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	72.67%	61.71%	+10.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.67%	72.90%	-0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.67%	72.64%	+0.03%

VSOL vs. DAPP - Expense Ratio Comparison

VSOL has a 0.30% expense ratio, which is lower than DAPP's 0.50% expense ratio.

Dividends

VSOL vs. DAPP - Dividend Comparison

Neither VSOL nor DAPP 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%
VSOL VanEck Solana ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VSOL and DAPP in my portfolio?

VSOL and DAPP have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VSOL or DAPP?

On fees, VSOL is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VSOL or DAPP?

VSOL is cheaper with a 0.30% expense ratio, compared with 0.50% for DAPP.

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

VSOL and DAPP have nearly identical dividend yields, around 0.00%.

What is the main difference between VSOL and DAPP?

VSOL is categorized as Cryptocurrency, while DAPP is Technology Equities. Their fees differ too: 0.30% for VSOL and 0.50% for DAPP.