DAPP
VanEck Digital Transformation ETF
DAPP tracks a market-cap-weighted index of global innovative companies that are involved in the digitalization of the worlds economy through a diverse range of digital assets.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 229.5 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Inception date | Apr 09, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BLOCK INC. | 10.9 % |
| COINBASE GLOBAL, INC. CLASS A | 8.5 % |
| BITMINE IMMERSION TECHNOLOGI | 7.4 % |
| CIRCLE INTERNET GROUP INC | 5.8 % |
| IREN LTD | 5.6 % |
| CIPHER MINING INC | 5.3 % |
| HUT 8 CORP | 5.1 % |
| RIOT BLOCKCHAIN INC | 4.7 % |
| CLEANSPARK, INC. | 4.7 % |
| MARATHON DIGITAL HOLDINGS INC | 4.5 % |
Constituent Breakdown
| Number of holdings | 23 |
| Herfindahl-Hirschman Index | 561 |
| Wgt avg mkt cap (mns) | $15,114 |
| Large cap (>$10bn) | 58.2% |
| Mid cap ($2-10bn) | 35.1% |
| Small cap (<$2bn) | 6.9% |
| Developed mkts. | 97.2% |
| Emerging mkts. | 3.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 82.6 % |
 |
AUSTRALIA | 5.6 % |
 |
CANADA | 5.1 % |
 |
JAPAN | 3.9 % |
 |
CHINA | 3.0 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 6.7% | 0.7% | 19.8% | 27.9% | -6.0% | -- | -- | -11.3% |
| Dividend Yield | 0.0% | 0.0% | 2.2% | 1.5% | 2.5% | -- | -- | 2.2% |
| Total Returns | 6.7% | 0.7% | 21.9% | 29.5% | -3.5% | -- | -- | -9.1% | Ann. Volatility | 67.5% | 64.9% | 69.1% | 70.2% | 73.1% | -- | -- | 72.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 3.32 | 43% |
| MSCI EAFE | 2.16 | 28% |
| MSCI Emg Mkts | 1.63 | 38% |
Liquidity Measures
| Avg. volume (000) | 295 |
| ADV traded (mns) | $5 |
| Turnover | 2.3% |
| Avg. Bid/Ask (% of price) | 0.14% |
Technical Indicators
| 30d moving avg. (EMA) | $18.73 |
| Relative strength (RSI) | 46 |
| MACD/Signal | -0.57/-0.58 |
| Bollinger Bands (Upper/Lower) | $19.70/$16.74 |
| Short interest (% of AUM) | 5.4% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DAPP |
Expenses vs. DAPP |
ALTAR Score™ vs. DAPP |
|---|---|---|---|---|
| BKCH | Global X Blockchain ETF | 72.9% | 0 bp | -3.8% |
| BITQ | Bitwise Crypto Industry Innovators ETF | 63.6% | +35 bp | -2.1% |
| IBLC | iShares Blockchain and Tech ETF | 58.7% | -3 bp | -1.4% |
| BLCK | Corgi Crypto Infrastructure ETF | 58.2% | -15 bp | -2.3% |
| MNRS | Grayscale Bitcoin Miners ETF | 50.2% | +9 bp | -2.7% |
| WGMI | Valkyrie Bitcoin Miners ETF | 41.6% | +25 bp | -3.5% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 39.6% | -11 bp | -1.3% |
| BLOK | Amplify Transformational Data Sharing ETF | 36.4% | +25 bp | +0.2% |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 35.8% | +11 bp | -1.8% |
| BCOR | Grayscale Bitcoin Adopters ETF | 35.0% | +9 bp | +2.7% |
Risk and Returns: DAPP vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/9/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
0.0%
ALTAR SCORE™
PERCENTILE
AVOID
ETFRC RATING
There are 736 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. DAPP's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places DAPP in the percentile
among funds in the category.
Sell-Side Consensus
$26.81
PRICE TARGET
+51.6%
UPSIDE