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