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BLCK vs DAPP

Corgi Crypto Infrastructure ETF

BLCKCCboe

VanEck Digital Transformation ETF

DAPPBNasdaq

Overlap

54.2%by weight

Expense ratio

BLCK −0.17pt a year

BLCK0.35%DAPP0.52%

Avg volume · 30D

DAPP 1783.2×the volume

BLCK466DAPP831K

BLCK vs DAPP Performance

Aug 7, 2026 – Nov 9, 2026

−20.2%BLCK−20.0%DAPP

Aug 7, 2026 to Nov 9, 2026. BLCK −20.2%. DAPP −20.0%. Use the arrow keys to read each point.−10%0%10%20%Aug 2026Sep 2026Nov 2026
Expense ratio
BLCK 0.35%, better
DAPP 0.52%
Fund size
BLCK $0
DAPP $205M
1Y total return
BLCK No data
DAPP −35.5%
Yield (12M)
BLCK No data
DAPP 0.00%
Holdings
BLCK 34
DAPP 23
Avg volume (30D)
BLCK 466 sh
DAPP 831K sh, better
NAV per share
BLCK $17.08
DAPP $13.66
52W range

ETF.net Grade

BLCK: Cost 95, Risk 29, Mission not scored, Tradability 2, Holdings 67, Durability 1. DAPP: Cost 74, Risk 36, Mission 9, Tradability 78, Holdings 46, Durability 79.
Pillar letters and Scores for BLCK, DAPP, with each pillar’s weight
PillarBLCKDAPP
Cost30% weightA95HigherA74
Mission25% weightNot scoredF9
Risk15% weightD29D36Higher
Tradability15% weightF2A78Higher
Holdings10% weightB67HigherC46
Durability5% weightF1A79Higher

Rank among Crypto Industry Stocks funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BLCK and DAPP are both graded against the same 20 Crypto Industry Stocks funds, so their Grades compare head to head.

Crypto Industry Stocks⁠

Category · 20 funds
See all 20 ›

DAPP ranks 4th and BLCK 13th of 20 funds in the Crypto Industry Stocks Category.

  1. Rank 1AFDIGFidelity Crypto Industry and Digital Payments ETFScore 77
  2. Rank 1ASTCESchwab Crypto Thematic ETFScore 77
  3. Rank 3BLEGRFirst Trust Indxx Innovative Transaction & Process ETFScore 65
  4. Rank 4BDAPPVanEck Digital Transformation ETFScore 63
  5. Rank 5BIBLCiShares Blockchain and Tech ETFScore 62
  6. Rank 13CBCORGrayscale Bitcoin Adopters ETFScore 40
  7. Rank 13CBLCKCorgi Crypto Infrastructure ETFScore 40
  8. Rank 13CSTBQAmplify Stablecoin Technology ETFScore 40

Our read on each fund

ETF.net Research

BLCKCCorgi Crypto Infrastructure ETF

DAPPBVanEck Digital Transformation ETF

In short

BLCK No data

DAPP Crypto 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

BLCK No data

DAPP 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

BLCK No data

  • DAPP 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

BLCK No data

  • DAPP 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.

Full BLCK profile⁠

Full DAPP profile⁠

BLCK vs DAPP Holdings

How BLCK and DAPP differ

Overlap by weight

54.2%

Shared holdings make up 73.7% of DAPP and 54.3% of BLCK.

Level by level

  • Asset classStocks, Alternatives0.0%
  • Holdings16 in both54.2%
  • Sector3 Sectors75.0%
  • Countryby domicile91.4%

Sector

Sector weights in BLCK and DAPP, widest gap first
SectorMore in BLCKMore in DAPPGap
TechnologyDAPP +25.1 points
FinancialsBLCK +21.6 points
IndustrialsBLCK +3.5 points

Country, concentration and asset class

Country by domicile

Country weights in BLCK and DAPP, widest gap first
CountryMore in BLCKMore in DAPPGap
JapanDAPP +4.3 points
United StatesBLCK +3.9 points
Hong KongDAPP +2.7 points
IsraelBLCK +2.6 points
NetherlandsBLCK +1.5 points
AustraliaDAPP +1.3 points
Cayman IslandsBLCK +0.5 points
SingaporeDAPP +0.3 points

Concentration

Weight in the 10 largest Holdings

  • BLCK55.6%
  • DAPP65.8%

Securities held

  • BLCK34
  • DAPP20

Asset class

BLCK
Stocks
DAPP
Alternatives

Holdings

  • Only in BLCK18
  • In both16
  • Only in DAPP4

Only in BLCK

18 securities, 45.7% of BLCK by weight

  • CME Group Inc7.88%
  • Robinhood Markets Inc5.02%
  • PayPal Holdings Inc4.44%

Only in DAPP

4 securities, 26.3% of DAPP by weight

  • Block Inc12.64%
  • Strategy Inc6.41%
  • Metaplanet Inc4.40%

Weight gaps

All 16 Holdings in both funds, largest gap first.

Holding weights in BLCK and DAPP, widest gap first
HoldingMore in BLCKMore in DAPPGap
Core Scientific IncCORZDAPP +4.12 points
Applied Digital CorpAPLDDAPP +3.65 points
IREN LtdIRENDAPP +1.46 points
BullishBLSHDAPP +1.35 points
Bitdeer Technologies GroupBTDRDAPP +1.23 points
Terawulf IncWULFDAPP +1.12 points
Circle Internet Group IncCRCLDAPP +0.90 points
Cleanspark IncCLSKDAPP +0.88 points

All 30 BLCK holdings⁠All 24 DAPP holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BLCK vs DAPP Cost

Overpaying DAPP vs BLCK

$3,225

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

  • BLCK 0.35%

    $7,126

  • DAPP 0.52%

    $10,351

$10,000
30 years

Cost over time

  • BLCK 0.35%
  • DAPP 0.52%
  • 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 $10,351BLCK $7,126

Year by year

YearBLCKDAPPOverpaying
10$634$935$301
20$2,454$3,593$1,139
30$7,126$10,351$3,225

Expense ratio

  • 0.35%BLCK, cheaper
  • 0.52%DAPP
  • Middle half of Crypto Industry Stocks funds
  • Median 0.66%

BLCK 2nd cheapest of 20 funds

DAPP 6th cheapest of 20 funds

BLCK vs DAPP Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
BLCK No data
DAPP 0.00%
Payout (12M)
BLCK None
DAPP None

Distribution history

Per share, 2021 to 2024, same scale for both

BLCKAll BLCK payments⁠

No distribution history available.

DAPP2 paymentsAll DAPP payments⁠
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.$0$220212024

BLCK vs DAPP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BLCK No dataDAPP 69.3%
Return per unit of riskSharpe ratio, 3 years
BLCK No dataDAPP 0.73
Worst fallMax drawdown, 5 years
BLCK No dataDAPP −91.9%
Market sensitivityBeta, 5 years
BLCK 5.80DAPP 3.89

BLCK and DAPP in the news

All news⁠

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