DAPP vs SPDN

Comparison between VANECK DIGITAL TRANSFORMATION ETF (DAPP, ETF) and DIREXION DAILY S&P 500 (R) BEAR 1X SHARES (SPDN, ETF).

5-Year PerformanceDAPP has outperformed SPDN, delivering a return of -3.4% compared to -7.8%

DAPP vs SPDN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DAPP(ETF)	SPDN(ETF)
Net Assets	$229M	$229M
Expense Ratio	0.52%	0.48%
Max Drawdown	92.63%	80.11%
Sharpe Ratio	0.48	-1.22
5Y Beta	2.53	-0.97
P/E Ratio	-4.42	N/A
Forward P/E	41.90	N/A
Debt to Equity	72.51%	N/A
P/S Ratio	2.29	N/A
P/B Ratio	2.52	N/A

Net Assets

DAPP

$229M

Winner

SPDN

$229M

Expense Ratio

DAPP

0.52%

Winner

SPDN

0.48%

Max Drawdown

DAPP

92.63%

Winner

SPDN

80.11%

Sharpe Ratio

Winner

DAPP

0.48

SPDN

-1.22

5Y Beta

DAPP

2.53

Winner

SPDN

-0.97

P/E Ratio

DAPP

-4.42

SPDN

N/A

Forward P/E

DAPP

41.90

SPDN

N/A

Debt to Equity

DAPP

72.51%

SPDN

N/A

P/S Ratio

DAPP

2.29

SPDN

N/A

P/B Ratio

DAPP

2.52

SPDN

N/A

DAPP vs SPDN - Historical Returns

Returns include dividend reinvestment.

Period	DAPP	SPDN
1 month	+12.42%	-3.18%
3 months	-6.80%	-1.06%
6 months	+22.85%	-7.79%
1 year	+17.71%	-12.32%
5 years(CAGR)	-3.39%	-7.81%
10 years(CAGR)	N/A	-12.30%
Max(CAGR)	-6.45%	-12.33%

Winner

DAPP

+12.42%

SPDN

-3.18%

DAPP

-6.80%

Winner

SPDN

-1.06%

Winner

DAPP

+22.85%

SPDN

-7.79%

Winner

DAPP

+17.71%

SPDN

-12.32%

5Y(CAGR)

Winner

DAPP

-3.39%

SPDN

-7.81%

10Y(CAGR)

DAPP

N/A

SPDN

-12.30%

Max(CAGR)

Winner

DAPP

-6.45%

SPDN

-12.33%

DAPP vs SPDN - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	DAPP	SPDN
2026	+13.88%	-8.47%
2025	+9.54%	-11.32%
2024	+49.63%	-13.44%
2023	+279.34%	-15.40%
2022	-85.71%	+19.39%
2021	-38.38%	-24.71%
2020	N/A	-23.87%
2019	N/A	-21.99%
2018	N/A	+6.21%
2017	N/A	-16.49%
2016	N/A	-6.92%

DAPP vs SPDN 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 SPDN was -75.72%, occurring on Aug 13, 2026. This drawdown has not yet recovered.

The current DAPP drawdown is -32.37%. The current SPDN drawdown is -75.34%.

Rank	DAPP	SPDN
#1	-91.87% Nov 9, 2021 - Dec 28, 2022	-75.72% Jun 27, 2016 - Aug 13, 2026
#2	-39.21% Apr 14, 2021 - Nov 8, 2021	-2.37% Jun 16, 2016 - Jun 24, 2016

Correlation

Correlation between DAPP and SPDN is -0.49 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.49

-101