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

125.5 M

ASSETS UNDER MGMT

50 bp

EXPENSES
Fund Basics
Fund sponsorVan Eck Associates Corp.
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateApr 09, 2021
Assets (mns)$125
Expense ratio50 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
BLOCK INC. 8.8 %
APPLIED BLOCKCHAIN INC 7.8 %
MICROSTRATEGY INC-CL A 7.4 %
TERAWULF INC. 6.4 %
CORE SCIENTIFIC, INC. 6.0 %
COINBASE GLOBAL, INC. CLASS A 5.7 %
MARATHON DIGITAL HOLDINGS INC 5.3 %
NORTHERN DATA AG 5.0 %
HIVE BLOCKCHAIN TECHNOLOGIES LTD 4.9 %
HUT 8 CORP 4.9 %
Constituent Breakdown
Number of holdings23
Herfindahl-Hirschman Index 547
Wgt avg mkt cap (mns)$6,360
Large cap (>$10bn)15.9%
Mid cap ($2-10bn)10.1%
Small cap (<$2bn)74.0%
Developed mkts.92.2%
Emerging mkts.7.8%
Country Exposure
UNITED STATES 66.8 %
CANADA 13.7 %
GERMANY 7.9 %
CHINA 7.4 %
AUSTRALIA 3.7 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -2.8% 82.4% 42.2% -21.6% -- -- -21.7%
Volatility 76.7% 71.9% 76.8% 75.3% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5003.2743%
MSCI EAFE2.5626%
MSCI Emg Mkts2.2119%
Liquidity Measures
Avg. volume (000)237
Turnover2.2%
Avg. Bid/Ask (% of price)0.56%
ADV of underlying (mns)$4,176
Technical Indicators
Recent close$11.66
30d moving avg.$10.80
Annualized volatility88.8%
Relative strength (RSI)60
Short interest (ETF)2.6%
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: DAPP vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
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
  2023 2024E Fwd Est 2025E
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 --%
1.5 53.6 1.8 0.0% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
DAPP



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

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.

ALTAR Score™

DAPP

-3.8%

Cat. Avg

4.0%


ALTAR Score™ Calculation

Category Overview
There are 363 funds in the Global Equity category, with an average ALTAR Score™ of 4.0% and a standard deviation of 4.6%. DAPP's ALTAR Score™ is approximately 1.7 standard deviations below the category average. This places DAPP in the 5th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

DAPP
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Global Equity ETFs
# of ETFs 191
Avg. Expense Ratio 55.4 bp
Std. Deviation 17.5 bp
DAPP (50 bp) Percentile rank 39
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
DAPP 50.0 56.2 106.2
Peer Avg. 56.6 40.2 96.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .