DAM

VanEck Digital Assets Mining ETF

DAM tracks a tiered market cap-weighted index of global digital companies with diverse exposure to the crypto asset mining industry.


Rules-Based, Concentrated

MANAGEMENT MATRIX

DAPP

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorVanEck
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateMar 07, 2022
Assets (mns)$1
Expense ratio50 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
RIOT BLOCKCHAIN INC 9.4 %
HUT 8 MINING CORP. 9.3 %
MARATHON DIGITAL HOLDINGS INC 9.1 %
HIVE BLOCKCHAIN TECHNOLOGIES LTD 8.5 %
BITFARMS LTD. 7.2 %
CANAAN INC. SPONSORED ADR CLASS A 7.1 %
CLEANSPARK, INC. 7.0 %
BIT DIGITAL, INC. 5.3 %
NORTHERN DATA AG 5.2 %
APPLIED BLOCKCHAIN INC 4.6 %
Constituent Breakdown
Number of holdings20
Herfindahl-Hirschman Index 648
Wgt avg mkt cap (mns)$3,168
Large cap (>$10bn)7.9%
Mid cap ($2-10bn)5.3%
Small cap (<$2bn)74.0%
Developed mkts.88.4%
Emerging mkts.11.7%
Country Exposure
UNITED STATES 55.8 %
CANADA 25.0 %
CHINA 8.6 %
GERMANY 5.2 %
AUSTRALIA 4.3 %
HONG KONG 1.2 %
Historical Performance


Standardized Annual Returns (as of 12/31/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-- -- -- -- -- -- -92.5%
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)2
Turnover2.0%
Avg. Bid/Ask (% of price)1.25%
ADV of underlying (mns)$1,008
Technical Indicators
Recent close$10.55
30d moving avg.$7.64
Annualized volatility0.0%
Relative strength (RSI)66
Short interest (ETF)8.0%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: DAM vs. Comps (1 YR)

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2021 2022E Fwd Est 2023E
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 --%
0.7 35.9 7.1 0.0% --
Based on closing prices from 1/26/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
DAM



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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

DAM

-114.5%

Cat. Avg

3.9%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-114.5%
Recommendation

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

Category Overview
There are 339 funds in the Global Equities category, with an average ALTAR Score™ of 3.9% and a standard deviation of 4.4%. DAM's ALTAR Score™ is approximately 26.8 standard deviations below the category average. This places DAM in the 1st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
DAM
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
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Volume
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
DAM 50.0 125.1 175.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.