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DAPP vs FDIG

VanEck Digital Transformation ETF

DAPPBNasdaq

Fidelity Crypto Industry and Digital Payments ETF

FDIGANasdaq

Overlap

46.5%by weight

Expense ratio

FDIG −0.13pt a year

DAPP0.52%FDIG0.39%

Avg volume · 30D

DAPP 30.0×the volume

DAPP826KFDIG27.5K

3Y return · a year

DAPP +8.2pt

DAPP+37.8%FDIG+29.6%

DAPP vs FDIG Performance

Oct 31, 2025 – Oct 30, 2026

−41.4%DAPP−36.3%FDIG

Oct 31, 2025 to Oct 30, 2026. DAPP −41.4%. FDIG −36.3%. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2025Apr 2026Oct 2026
Expense ratio
DAPP 0.52%
FDIG 0.39%, better
Fund size
DAPP $215M
FDIG $253M
1Y total return
DAPP −41.4%
FDIG −36.3%, better
Yield (12M)
DAPP 0.00%
FDIG 1.89%, better
Holdings
DAPP 22
FDIG 72
Avg volume (30D)
DAPP 826K sh, better
FDIG 27.5K sh
NAV per share
DAPP $14.17
FDIG $33.38
52W range

ETF.net Grade

DAPP: Cost 74, Risk 28, Mission 9, Tradability 82, Holdings 49, Durability 78. FDIG: Cost 89, Risk 52, Mission not scored, Tradability 71, Holdings 81, Durability 72.
Pillar letters and Scores for DAPP, FDIG, with each pillar’s weight
PillarDAPPFDIG
Cost30% weightA74A89Higher
Mission25% weightF9Not scored
Risk15% weightD28C52Higher
Tradability15% weightA82HigherA71
Holdings10% weightC49A81Higher
Durability5% weightA78HigherA72

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. DAPP and FDIG 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 ›

FDIG ranks 2nd and DAPP 4th of 20 funds in the Crypto Industry Stocks Category.

  1. Rank 1ASTCESchwab Crypto Thematic ETFScore 77
  2. Rank 2AFDIGFidelity Crypto Industry and Digital Payments ETFScore 76
  3. Rank 3BLEGRFirst Trust Indxx Innovative Transaction & Process ETFScore 65
  4. Rank 4BDAPPVanEck Digital Transformation ETFScore 63
  5. Rank 5BBLOKAmplify Blockchain Technology ETFScore 62

Our read on each fund

ETF.net Research

DAPPBVanEck Digital Transformation ETF

FDIGAFidelity Crypto Industry and Digital Payments ETF

In short

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.

FDIG Crypto exposure through the companies, not the coins: roughly 50 miners, exchanges and digital payments processors, weighted by how heavily they trade rather than how big they are, in a Fidelity-built index priced below the thematic norm.

Stated mandate

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.

FDIG The fund seeks to track the performance of the Fidelity Crypto Industry and Digital Payments Index before fees and expenses. It normally invests at least 80% of assets in equity securities or depositary receipts included in that index.

Why people hold it

  • 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.
  • FDIG Runs 0.39%, under the 0.56% median for global thematic funds. Cheap real estate in a corner of the market where niche fees usually bite.
  • Weights positions by trading volume rather than market cap, so the largest company in the group is not automatically the largest holding.fidelity.comfidelity.com 2
  • Two engines under one ticker: crypto miners and exchanges on one side, digital payments processors on the other, about 50 names in all.fidelity.com
  • Fidelity builds the index itself, screening on revenue plus text analysis of company disclosures, and rebalances quarterly over four days.fidelity.com

Worth knowing

  • 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.
  • FDIG Non-diversified and industry-narrow. Fidelity's own documents flag bigger swings and meaningful exposure to a small number of issuers.fidelity.com
  • You own crypto-linked equities, not crypto. Miners and payment processors can respond to very different news on any given day.fidelity.com
  • Volume runs light next to the ETF giants, so spreads can widen and the market price can sit at a premium or discount to net asset value.fidelity.com

Full DAPP profile⁠

Full FDIG profile⁠

DAPP vs FDIG Holdings

How DAPP and FDIG differ

Overlap by weight

46.5%

Shared holdings make up 77.6% of DAPP and 46.5% of FDIG.

Level by level

  • Asset classAlternatives, Equity0.0%
  • Holdings16 in both46.5%
  • Countryby domicile87.5%
  • Sector7 Sectors92.3%

Sector

Sector weights in DAPP and FDIG, widest gap first
SectorMore in DAPPMore in FDIG
TechnologyDAPP +4.7 points
FinancialsFDIG +3.3 points
Consumer DiscretionaryDAPP +3.0 points
IndustrialsFDIG +1.8 points
CommunicationFDIG +1.5 points
UtilitiesFDIG +1.2 points
EnergySame weight

Country, concentration and asset class

Country by domicile

Country weights in DAPP and FDIG, widest gap first
CountryMore in DAPPMore in FDIG
Cayman IslandsDAPP +4.1 points
SingaporeDAPP +3.6 points
CanadaFDIG +3.0 points
Hong KongDAPP +2.5 points
BrazilFDIG +2.4 points
United StatesDAPP +2.3 points
ItalyFDIG +1.8 points
NetherlandsFDIG +1.4 points
Other countries (6)FDIG +4.0 points

Concentration

Weight in the 10 largest Holdings

  • DAPP63.8%
  • FDIG43.8%

Securities held

  • DAPP20
  • FDIG60

Asset class

DAPP
Alternatives
FDIG
Equity

Holdings

  • Only in DAPP4
  • In both16
  • Only in FDIG44

Only in DAPP

4 securities, 22.4% of DAPP by weight

  • Block Inc10.07%
  • Strategy Inc6.24%
  • Figure Technology Solutions Inc3.62%

Only in FDIG

44 securities, 61.9% of FDIG by weight

  • Securities Lending Cf8.67%
  • Block Inc Class A3.40%
  • Shopify Inc Class A2.10%

Weight gaps

All 16 Holdings in both funds, largest gap first.

Holding weights in DAPP and FDIG, widest gap first
HoldingMore in DAPPMore in FDIG
Coinbase Global IncCOINDAPP +3.68 points
Metaplanet IncDAPP +2.91 points
BullishBLSHDAPP +2.74 points
Circle Internet Group IncCRCLDAPP +2.55 points
Galaxy Digital IncGLXYDAPP +2.43 points
Bitmine Immersion Technologies IncBMNRDAPP +2.31 points
Core Scientific IncCORZDAPP +2.28 points
Hut 8 CorpHUTDAPP +2.14 points

All 24 DAPP holdings⁠All 46 FDIG 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.

DAPP vs FDIG Cost

Overpaying DAPP vs FDIG

$2,453

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

  • DAPP 0.52%

    $10,351

  • FDIG 0.39%

    $7,898

$10,000
30 years

Cost over time

  • DAPP 0.52%
  • FDIG 0.39%
  • 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 $10,351FDIG $7,898

Year by year

YearDAPPFDIGOverpaying
10$935$705$230
20$3,593$2,725$868
30$10,351$7,898$2,453

Expense ratio

  • 0.52%DAPP
  • 0.39%FDIG, cheaper
  • Middle half of Crypto Industry Stocks funds
  • Median 0.66%

FDIG 3rd cheapest of 20 funds

DAPP 6th cheapest of 20 funds

DAPP vs FDIG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DAPP 0.00%
FDIG 1.89%, better
Payout (12M)
DAPP None
FDIG $0.63
Last payment
DAPP No data
FDIG $0.02
Ex-dividend
DAPP No data
FDIG Sep 18, 2026
Paid on
DAPP No data
FDIG Sep 22, 2026
Frequency
DAPP No data
FDIG Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

DAPP2 paymentsAll DAPP payments⁠
One bar per payment. 2 payments from 2021 to 2026 YTD. Dec 20, 2021 $1.88; Dec 23, 2024 $0.58. Use the arrow keys to read each point.$0$220232026YTD
FDIGQuarterly · 8 paymentsAll FDIG payments⁠
One bar per payment. 8 payments from 2021 to 2026 YTD. Dec 15, 2023 $0.05; Dec 20, 2024 $0.37; Dec 30, 2024 $0.006; Sep 19, 2025 $0.02; Dec 19, 2025 $0.42; Mar 20, 2026 $0.03; Jun 18, 2026 $0.15; Sep 18, 2026 $0.02. Use the arrow keys to read each point.$0$220232026YTD

DAPP vs FDIG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DAPP 69.3%FDIG 57.6%, better
Return per unit of riskSharpe ratio, 3 years
DAPP 0.73, betterFDIG 0.65
Worst fallMax drawdown, 5 years
DAPP −91.9%FDIG −58.3%since Apr 2022
Market sensitivityBeta, 5 years
DAPP 3.89FDIG 3.46

DAPP and FDIG in the news

All news⁠

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