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ETFs

VanEck Digital Transformation ETF

DAPP
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 12 2021
Expense Ratio
0.50%
Type
Global Equities
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$670,387
AUM
$40,770,000
Associated Index
MVIS Global Digital Assets Equity Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

COIN
Coinbase Global Inc - Ordinary Shares - Class A
8.23%
MSTR
Microstrategy Inc. - Ordinary Shares - Class A
7.29%
SQ
Block Inc - Ordinary Shares - Class A
7.07%
NB2
Northern Data AG
5.69%
RIOT
Riot Platforms Inc
5.62%
CLSK
Cleanspark Inc
5.34%
MARA
Marathon Digital Holdings Inc
5.32%
BTDR
Bitdeer Technologies Holding Co - Ordinary Shares - Class A
5.05%
GLXY
Galaxy Digital Holdings Ltd.
4.98%
CAN
Canaan Inc - ADR
4.86%
Invest with DAPP

What is DAPP?

VanEck Digital Transformation ETF (the Fund ) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Digital Assets Equity Index. The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the global digital asset segment. These companies may include those that operate digital asset exchanges, payment gateways, digital asset mining operations, software services, equipment and technology or services to the digital asset operations, digital asset infrastructure businesses, or companies facilitating commerce with the use of digital assets, among others. They may also include companies which own a material amount of digital assets, or otherwise generate revenues related to digital asset projects.

ETFs related toDAPP

ETFs correlated to DAPP include BKCH, WGMI, FDIG

DAPP
VanEck ETF Trust - VanEck Digital Transformation ETF
BKCH
Global X Funds - Global X Blockchain ETF
WGMI
Valkyrie ETF Trust II - Valkyrie Bitcoin Miners ETF
FDIG
Fidelity Covington Trust - Fidelity Crypto Industry and Digital Payments ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
CONY
Tidal Trust II - YieldMax COIN Option Income Strategy ETF
CONL
GraniteShares ETF Trust - GraniteShares 1.5x Long Coinbase Daily ETF
BITX
Volatility Shares Trust - 2x Bitcoin Strategy ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
BITO
ProShares Trust - ProShares Bitcoin Strategy ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

DAPP is a Global Equities ETF. VanEck Digital Transformation ETF (the Fund ) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Digital Assets Equity Index. The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the global digital asset segment. These companies may include those that operate digital asset exchanges, payment gateways, digital asset mining operations, software services, equipment and technology or services to the digital asset operations, digital asset infrastructure businesses, or companies facilitating commerce with the use of digital assets, among others. They may also include companies which own a material amount of digital assets, or otherwise generate revenues related to digital asset projects.

DAPP tracks the MVIS Global Digital Assets Equity Index.

No, DAPP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DAPP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DAPP is -0.1078%. This is the percent change in the value of DAPP over the most recent 1-month period. The 3-month return on DAPP is -0.133%. This is the percent change in the value of DAPP over the most recent 3-month period.

The standard deviation of DAPP for the past year is 0.7431%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DAPP include PBW, IGF, and ARKK.

ETFs correlated to DAPP include BKCH, WGMI, and FDIG.

ETFs that are inversely correlated to DAPP include BITI, SARK, and HDGE.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.