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 sponsor | Van Eck Associates Corp. |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Apr 09, 2021 |
Assets (mns) | $125 |
Expense ratio | 50 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
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 holdings | 23 |
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)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -2.8% | 82.4% | 42.2% | -21.6% | -- | -- | -21.7% | Volatility | 76.7% | 71.9% | 76.8% | 75.3% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 3.27 | 43% |
MSCI EAFE | 2.56 | 26% |
MSCI Emg Mkts | 2.21 | 19% |
Liquidity Measures
Avg. volume (000) | 237 |
Turnover | 2.2% |
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 volatility | 88.8% |
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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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. DAPP |
Expenses vs. DAPP |
ALTAR Score™ vs. DAPP |
---|---|---|---|---|
BKCH | Global X Blockchain ETF | 62.7% | 0 bp | +0.1% |
BITQ | Bitwise Crypto Industry Innovators ETF | 57.4% | +35 bp | +1.5% |
GFOF | Grayscale Future of Finance ETF | 55.9% | +20 bp | +4.1% |
IBLC | iShares Blockchain and Tech ETF | 54.9% | -3 bp | +2.8% |
SATO | Invesco Alerian Galaxy Crypto Economy ETF | 54.1% | +11 bp | +1.2% |
CRPT | First Trust SkyBridge Crypto Industry & Digital Economy ETF | 45.9% | +35 bp | -0.6% |
WGMI | Valkyrie Bitcoin Miners ETF | 41.9% | +25 bp | -4.2% |
FDIG | Fidelity Crypto Industry and Digital Payments ETF | 41.7% | -11 bp | +1.9% |
BLOK | Amplify Transformational Data Sharing ETF | 31.1% | +25 bp | +4.0% |
BLCN | Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 30.1% | +18 bp | +6.1% |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
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 | --% |
Based on closing prices from 10/4/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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
DAPPSELL
U/W
HOLD
O/W
BUY
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 .