WGMI vs. DAPP
Compare and contrast key facts about Valkyrie Bitcoin Miners ETF (WGMI) and VanEck Digital Transformation ETF (DAPP).
WGMI and DAPP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WGMI is an actively managed fund by Valkyrie. It was launched on Feb 7, 2022. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WGMI or DAPP.
Key characteristics
| WGMI | DAPP | |
|---|---|---|
| YTD Return | -3.50% | 4.09% |
| 1Y Return | 68.21% | 80.44% |
| Sharpe Ratio | 0.76 | 1.07 |
| Daily Std Dev | 85.51% | 73.54% |
| Max Drawdown | -85.76% | -91.90% |
| Current Drawdown | -39.31% | -65.75% |
Correlation
The correlation between WGMI and DAPP is 0.96, 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.
Performance
WGMI vs. DAPP - Performance Comparison
In the year-to-date period, WGMI achieves a -3.50% return, which is significantly lower than DAPP's 4.09% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WGMI vs. DAPP - Expense Ratio Comparison
WGMI has a 0.75% expense ratio, which is higher than DAPP's 0.50% expense ratio.
Risk-Adjusted Performance
WGMI vs. DAPP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin Miners ETF (WGMI) 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.
Dividends
WGMI vs. DAPP - Dividend Comparison
WGMI's dividend yield for the trailing twelve months is around 0.32%, while DAPP has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
WGMI Valkyrie Bitcoin Miners ETF | 0.32% | 0.31% | 0.00% | 0.00% |
DAPP VanEck Digital Transformation ETF | 0.00% | 0.00% | 0.00% | 10.13% |
Drawdowns
WGMI vs. DAPP - Drawdown Comparison
The maximum WGMI drawdown since its inception was -85.76%, smaller than the maximum DAPP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for WGMI and DAPP. For additional features, visit the drawdowns tool.
Volatility
WGMI vs. DAPP - Volatility Comparison
Valkyrie Bitcoin Miners ETF (WGMI) has a higher volatility of 20.71% compared to VanEck Digital Transformation ETF (DAPP) at 18.65%. This indicates that WGMI's price experiences larger fluctuations and is considered to be riskier than DAPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.