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
$ 494.8 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 +
| HUT 8 CORP | 8.0 % |
| IREN LTD | 7.2 % |
| BLOCK INC. | 6.8 % |
| APPLIED BLOCKCHAIN INC | 6.7 % |
| RIOT BLOCKCHAIN INC | 6.0 % |
| COINBASE GLOBAL, INC. CLASS A | 5.6 % |
| MARATHON DIGITAL HOLDINGS INC | 5.5 % |
| TERAWULF INC. | 5.5 % |
| CIPHER MINING INC | 5.5 % |
| CLEANSPARK, INC. | 5.5 % |
Constituent Breakdown
| Number of holdings | 25 |
| Herfindahl-Hirschman Index | 532 |
| Wgt avg mkt cap (mns) | $10,690 |
| Large cap (>$10bn) | 20.8% |
| Mid cap ($2-10bn) | 49.3% |
| Small cap (<$2bn) | 4.3% |
| Developed mkts. | 98.4% |
| Emerging mkts. | 1.8% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 80.8 % |
 |
CANADA | 8.0 % |
 |
AUSTRALIA | 7.2 % |
 |
JAPAN | 2.5 % |
 |
CHINA | 1.5 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 37.3% | 77.2% | 49.6% | 57.3% | -1.8% | -- | -- | -7.1% |
| Dividend Yield | 0.0% | 0.0% | 2.7% | 1.9% | 2.6% | -- | -- | 2.4% |
| Total Returns | 37.3% | 77.2% | 52.3% | 59.2% | 0.8% | -- | -- | -4.8% | Ann. Volatility | 67.0% | 62.0% | 68.9% | 70.0% | 72.9% | -- | -- | 72.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 3.44 | 43% |
| MSCI EAFE | 1.99 | 23% |
| MSCI Emg Mkts | 1.76 | 32% |
Liquidity Measures
| Avg. volume (000) | 818 |
| ADV traded (mns) | $18 |
| Turnover | 3.7% |
| Avg. Bid/Ask (% of price) | 0.13% |
Technical Indicators
| 30d moving avg. (EMA) | $20.53 |
| Relative strength (RSI) | 60 |
| MACD/Signal | 0.91/0.88 |
| Bollinger Bands (Upper/Lower) | $23.37/$19.32 |
| 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 | 71.8% | 0 bp | -2.8% |
| BITQ | Bitwise Crypto Industry Innovators ETF | 70.3% | +35 bp | -1.8% |
| IBLC | iShares Blockchain and Tech ETF | 63.0% | -3 bp | -1.2% |
| BLCK | Corgi Crypto Infrastructure ETF | 62.4% | -15 bp | -1.8% |
| WGMI | Valkyrie Bitcoin Miners ETF | 54.5% | +25 bp | -2.6% |
| MNRS | Grayscale Bitcoin Miners ETF | 54.2% | +9 bp | -2.0% |
| BLOK | Amplify Transformational Data Sharing ETF | 42.4% | +25 bp | +0.0% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 40.6% | -11 bp | -1.1% |
| CRPT | First Trust SkyBridge Crypto Industry & Digital Economy ETF | 38.3% | +35 bp | 0.0% |
| BCOR | Grayscale Bitcoin Adopters ETF | 38.0% | +9 bp | +2.1% |
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 6/3/2026
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 727 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
$26.92
PRICE TARGET
+19.3%
UPSIDE