DAPP vs DAX
Comparison between VANECK DIGITAL TRANSFORMATION ETF (DAPP, ETF) and GLOBAL X DAX GERMANY ETF (DAX, ETF).
5-Year PerformanceDAX has outperformed DAPP, delivering a return of +9.8% compared to -3.4%
DAPP vs DAX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
DAPP
$229M
Winner
DAX
$229M
Expense Ratio
DAPP
0.52%
Winner
DAX
0.20%
Max Drawdown
DAPP
92.63%
Winner
DAX
48.57%
Sharpe Ratio
Winner
DAPP
0.48
DAX
0.25
5Y Beta
DAPP
2.53
Winner
DAX
0.78
P/E Ratio
DAPP
-4.42
DAX
N/A
Forward P/E
DAPP
41.90
DAX
N/A
5Y Dividends CAGR
DAPP
N/A
DAX
-4.99%
Debt to Equity
DAPP
72.51%
DAX
N/A
P/S Ratio
DAPP
2.29
DAX
N/A
P/B Ratio
DAPP
2.52
DAX
N/A
DAPP vs DAX - Holdings Comparison
DAPP and DAX have 1 common holdings. Overlap is -0.03%
DAPP's top 25 holdings weight is 99.94%. DAX's top 25 holdings weight is 91.28%.
| Rank | DAPP | DAX |
|---|---|---|
| #1 | BLOCK INC CLASS A (XYZ) - 10.58% | SIEMENS AG (n/a) - 11.35% |
| #2 | COINBASE GLOBAL INC ORDINARY SHARES CLASS A (COIN) - 9.06% | SAP SE (n/a) - 10.52% |
| #3 | BITMINE IMMERSION TECHNOLOGIES INC (BMNR) - 8.45% | ALLIANZ SE (n/a) - 9.32% |
| #4 | CIRCLE INTERNET GROUP INC ORDINARY SHARES CLASS A (CRCL) - 7.05% | SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 7.02% |
| #5 | FIGURE TECHNOLOGY SOLUTIONS INC ORDINARY SHARES-CLASS A (FIGR) - 6.43% | AIRBUS SE (n/a) - 6.84% |
| #6 | IREN LTD (IREN) - 6.34% | DEUTSCHE TELEKOM AG (n/a) - 5.65% |
| #7 | STRATEGY INC CLASS A (MSTR) - 4.43% | INFINEON TECHNOLOGIES AG (n/a) - 4.01% |
| #8 | RIOT PLATFORMS INC (RIOT) - 4.38% | MUNCHENER RUCKVERSICHERUNGS-GESELLSCHAFT AG (n/a) - 3.65% |
| #9 | APPLIED DIGITAL CORP (APLD) - 4.34% | DEUTSCHE BANK AG (n/a) - 3.48% |
| #10 | BULLISH (BLSH) - 3.87% | RHEINMETALL AG (n/a) - 3.08% |
| #11 | CLEANSPARK INC (CLSK) - 3.84% | DEUTSCHE POST AG (n/a) - 2.93% |
| #12 | HUT 8 CORP (HUT) - 3.80% | DEUTSCHE BOERSE AG (n/a) - 2.90% |
| #13 | MARA HOLDINGS INC (MARA) - 3.75% | BAYER AG (n/a) - 2.69% |
| #14 | CIPHER DIGITAL INC (CIFR) - 3.70% | BASF SE (n/a) - 2.58% |
| #15 | METAPLANET INC (n/a) - 3.68% | E.ON SE (n/a) - 2.18% |
| #16 | CORE SCIENTIFIC INC ORDINARY SHARES NEW (CORZ) - 3.57% | RWE AG CLASS A (n/a) - 2.04% |
| #17 | GALAXY DIGITAL INC ORDINARY SHARES CLASS A (GLXY) - 3.56% | MERCEDES-BENZ GROUP AG (n/a) - 1.81% |
| #18 | TERAWULF INC (WULF) - 3.27% | ADIDAS AG (n/a) - 1.57% |
| #19 | BITDEER TECHNOLOGIES GROUP ORDINARY SHARES CLASS A (BTDR) - 2.93% | DAIMLER TRUCK HOLDING AG ORDINARY SHARES (n/a) - 1.31% |
| #20 | OSL GROUP LTD (n/a) - 2.91% | HEIDELBERG MATERIALS AG (n/a) - 1.11% |
| #21 | N/A | MTU AERO ENGINES AG (n/a) - 1.10% |
| #22 | N/A | BAYERISCHE MOTOREN WERKE AG (n/a) - 1.09% |
| #23 | N/A | FRESENIUS SE & CO KGAA REGISTERED SHARES (n/a) - 1.08% |
| #24 | N/A | MERCK KGAA (n/a) - 1.00% |
| #25 | N/A | COMMERZBANK AG (n/a) - 0.97% |
| Total Holdings | 20 | 44 |
DAPP vs DAX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
DAPP
+12.42%
DAX
+7.85%
3M
DAPP
-6.80%
Winner
DAX
+4.82%
6M
Winner
DAPP
+22.85%
DAX
+2.63%
1Y
Winner
DAPP
+17.71%
DAX
+8.36%
5Y(CAGR)
DAPP
-3.39%
Winner
DAX
+9.75%
10Y(CAGR)
DAPP
N/A
DAX
+9.32%
Max(CAGR)
DAPP
-6.45%
Winner
DAX
+7.91%
DAPP vs DAX - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | DAPP | DAX |
|---|---|---|
| 2026 | +13.88% | +5.89% |
| 2025 | +9.54% | +39.76% |
| 2024 | +49.63% | +11.66% |
| 2023 | +279.34% | +22.59% |
| 2022 | -85.71% | -18.78% |
| 2021 | -38.38% | +7.01% |
| 2020 | N/A | +10.69% |
| 2019 | N/A | +22.46% |
| 2018 | N/A | -22.62% |
| 2017 | N/A | +28.23% |
| 2016 | N/A | +6.53% |
| 2015 | N/A | -3.62% |
| 2014 | N/A | +3.62% |
DAPP vs DAX Drawdown Comparison
The maximum drawdown for DAPP was -91.87%, occurring on Dec 28, 2022. This drawdown has not yet recovered.
The maximum drawdown for DAX was -45.59%, occurring on Mar 18, 2020. Recovery took 737 trading sessions.
The current DAPP drawdown is -32.37%.
| Rank | DAPP | DAX |
|---|---|---|
| #1 | -91.87% Nov 9, 2021 - Dec 28, 2022 | -45.59% Jan 24, 2018 - Dec 28, 2020 |
| #2 | -39.21% Apr 14, 2021 - Nov 8, 2021 | -39.93% Jun 7, 2021 - Mar 7, 2024 |
| #3 | N/A | -24.76% Apr 6, 2015 - Apr 24, 2017 |
| #4 | N/A | -16.03% Mar 18, 2025 - Apr 29, 2025 |
| #5 | N/A | -14.82% Jan 27, 2026 - Aug 4, 2026 |
| #6 | N/A | -9.10% Dec 1, 2014 - Feb 3, 2015 |
| #7 | N/A | -8.58% Jul 9, 2025 - Jan 5, 2026 |
| #8 | N/A | -8.10% May 15, 2024 - Aug 23, 2024 |
| #9 | N/A | -7.43% Sep 27, 2024 - Jan 21, 2025 |
| #10 | N/A | -6.23% Mar 27, 2024 - May 9, 2024 |
| #11 | N/A | -5.67% Jan 8, 2021 - Mar 10, 2021 |
| #12 | N/A | -4.04% Feb 3, 2015 - Feb 20, 2015 |
| #13 | N/A | -3.67% Apr 16, 2021 - May 7, 2021 |
| #14 | N/A | -3.63% Mar 2, 2015 - Mar 16, 2015 |
| #15 | N/A | -3.62% Jun 5, 2025 - Jun 26, 2025 |
Correlation
Correlation between DAPP and DAX is 0.57 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.57
-101
Dividend Comparison (2015 - 2026)
DAPP vs DAX dividend yield comparison.
| Year | DAPP | DAX |
|---|---|---|
| 2026 | 0.00% | 1.80% |
| 2025 | 0.00% | 1.47% |
| 2024 | 4.04% | 2.24% |
| 2023 | 0.00% | 2.48% |
| 2022 | 0.00% | 2.80% |
| 2021 | 10.13% | 2.65% |
| 2020 | 0.00% | 2.25% |
| 2019 | 0.00% | 2.47% |
| 2018 | 0.00% | 3.33% |
| 2017 | 0.00% | 1.73% |
| 2016 | 0.00% | 1.78% |
| 2015 | 0.00% | 1.41% |
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