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Launched · SEC filings

VanEck Digital Transformation ETF

DAPPNasdaqVanEckB

$13.59−0.58 (−4.09%)

At close: Nov 2, 2026, 4:00 PM ET

B63/ 100

Rank 4 of 20 in Crypto Industry Stocks

B63/100Rank 4 of 20inCrypto Industry Stocks
Intraday session: down, 79 prints from 14.17 to 13.59. Range 13.53 to 14.39. Use the arrow keys to read each point.13.8014.0014.4010 AM12 PM2 PM4 PM
Expense ratio
0.52%
Fund size
$215M
1Y total return
−43.8%
Yield · Last 12 months
0.00%
Holdings
22
Avg volume · 30D
826K sh
52W range
low $13.52high $25.37
Launched
Filings
SEC EDGAR

The ETF.net DAPP Grade

B

Score 63 out of 100

Category
Crypto Industry Stocks⁠
Rank
4 of 20
Six-pillar profile for DAPP. Scores out of 100: Cost 74, Risk 28, Mission 9, Tradability 84, Holdings 49, Durability 78. Strongest: Tradability (84). Weakest: Mission (9). Leans toward Tradability and Durability.

Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A74 out of 100
    Rank 6 of 20

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    F9 out of 100
    Rank 2 of 2

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D28 out of 100
    Rank 17 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A84 out of 100
    Rank 3 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C49 out of 100
    Rank 12 of 19

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A78 out of 100
    Rank 3 of 20

Our read on DAPP

ETF.net Research

In short

BCrypto exposure without the crypto. DAPP holds the equities of the digital-asset economy (exchanges, miners, infrastructure) and by its own mandate never buys a coin, a coin derivative, or an ICO.

Stated mandate

Before fees and expenses, the Fund seeks to follow the price and yield performance of the MVIS Global Digital Assets Equity Index, which is designed to represent companies participating in digital-asset economies.

Why people hold it

  • A clean split of the trade: you own the businesses built around digital assets, while the fund is barred from holding the assets themselves or derivatives on them.usnews.comaaii.com
  • 0.52% expense ratio, a shade under the typical global thematic fund, for a rules-based index rather than a manager's hunches.
  • One of the more actively traded names in its thematic peer group, which generally means less bid-ask friction on the way in and out.
  • Launched in 2021, early to the crypto-equity shelf, and built on VanEck's own MVIS Global Digital Assets Equity Index.

Worth knowing

  • Non-diversified by design and concentrated in miners and exchanges, so a single company's stumble can move the whole fund.usnews.comaaii.com
  • These companies live off digital-asset activity, so the ride tends to track the crypto cycle even though no coins are held.
  • Not an income holding: nothing was paid out over the past year, so the whole case rests on share prices.

DAPP Performance

Launched Apr 12, 2021

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
DAPP$5,623
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. DAPP $5,623. SPY $11,146. Use the arrow keys to read each point.$6,000$8,000$10,000$12,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DAPP. Periods over one year show the average yearly return.
PeriodDAPP
Year to date−17.8%
1 month−28.9%
3 months−22.9%
1 year−43.8%
3 yearsper year+32.0%
5 yearsper year−13.4%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DAPP
YearReturn barDAPP
2026 YTD−17.8%
2025+15.0%
2024+45.1%

DAPP in the news

DAPP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2024

One bar per payment. 2 payments from 2021 to 2024. Dec 20, 2021 $1.88; Dec 23, 2024 $0.58. Use the arrow keys to read each point.2021202220232024
Ex-datePay dateAmount per share
Dec 23, 2024Dec 24, 2024$0.58
Dec 20, 2021Dec 27, 2021$1.88

$10,000 in DAPP 5 years ago paid $768 in dividends.

DAPP Risk

Risk pillarD28 out of 100Rank 17 of 20 in Crypto Industry Stocks
How much the fund’s monthly returns vary, scaled to a year.
69.3%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.73
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−91.9%
Trough Dec 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
3.89
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

DAPP Cost

Compare DAPP and STCE

Overpaying vs STCE, cheapest in Crypto Industry Stocks

$4,202

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DAPP 0.52%

    $10,351

  • STCE 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • DAPP 0.52%
  • STCE 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530DAPP $10,351STCE $6,149

Year by year

YearDAPPSTCEOverpaying
10$935$545$390
20$3,593$2,113$1,480
30$10,351$6,149$4,202

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