VCV vs DAPP

Comparison between Invesco California Value Municipal Income Trust (VCV, ETF) and VANECK DIGITAL TRANSFORMATION ETF (DAPP, ETF).

5-Year PerformanceVCV has outperformed DAPP, delivering a return of +0.4% compared to -0.4%

VCV vs DAPP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VCV(ETF)	DAPP(ETF)
Net Assets	$497M	$500M
Expense Ratio	N/A	0.52%
Max Drawdown	63.94%	92.63%
Sharpe Ratio	0.85	0.80
5Y Beta	0.12	2.59
P/E Ratio	N/A	-6.99
Forward P/E	N/A	21.77
5Y Dividends CAGR	6.81%	N/A
Debt to Equity	N/A	-155.06%
P/S Ratio	N/A	2.91
P/B Ratio	N/A	3.19

Net Assets

VCV

$497M

Winner

DAPP

$500M

Expense Ratio

VCV

N/A

DAPP

0.52%

Max Drawdown

Winner

VCV

63.94%

DAPP

92.63%

Sharpe Ratio

Winner

VCV

0.85

DAPP

0.80

5Y Beta

Winner

VCV

0.12

DAPP

2.59

P/E Ratio

VCV

N/A

DAPP

-6.99

Forward P/E

VCV

N/A

DAPP

21.77

5Y Dividends CAGR

VCV

6.81%

DAPP

N/A

Debt to Equity

VCV

N/A

DAPP

-155.06%

P/S Ratio

VCV

N/A

DAPP

2.91

P/B Ratio

VCV

N/A

DAPP

3.19

VCV vs DAPP - Historical Returns

Returns include dividend reinvestment.

Period	VCV	DAPP
1 month	-0.12%	-2.95%
3 months	+0.07%	+30.77%
6 months	+1.27%	+13.21%
1 year	+12.25%	+42.24%
5 years(CAGR)	+0.39%	-0.37%
10 years(CAGR)	+2.46%	N/A
Max(CAGR)	+5.14%	-5.98%

Winner

VCV

-0.12%

DAPP

-2.95%

VCV

+0.07%

Winner

DAPP

+30.77%

VCV

+1.27%

Winner

DAPP

+13.21%

VCV

+12.25%

Winner

DAPP

+42.24%

5Y(CAGR)

Winner

VCV

+0.39%

DAPP

-0.37%

10Y(CAGR)

VCV

+2.46%

DAPP

N/A

Max(CAGR)

Winner

VCV

+5.14%

DAPP

-5.98%

VCV vs DAPP - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VCV	DAPP
2026	-1.68%	+18.43%
2025	+7.58%	+9.54%
2024	+18.51%	+49.63%
2023	+6.44%	+279.34%
2022	-28.13%	-85.71%
2021	+10.23%	-38.38%
2020	+7.95%	N/A
2019	+16.48%	N/A
2018	-5.26%	N/A
2017	+8.65%	N/A
2016	-3.54%	N/A
2015	+8.92%	N/A
2014	+20.40%	N/A
2013	-12.87%	N/A
2012	+12.78%	N/A
2011	+23.63%	N/A
2010	+1.94%	N/A
2009	+55.43%	N/A
2008	-45.40%	N/A
2007	+1.50%	N/A
2006	+11.44%	N/A
2005	+7.67%	N/A
2004	-6.37%	N/A
2003	+14.77%	N/A
2002	+10.83%	N/A
2001	+8.40%	N/A
2000	+10.38%	N/A
1999	-0.87%	N/A

VCV vs DAPP Drawdown Comparison

The maximum drawdown for VCV was -58.93%, occurring on Dec 15, 2008. Recovery took 829 trading sessions.

The maximum drawdown for DAPP was -91.87%, occurring on Dec 28, 2022. This drawdown has not yet recovered.

The current VCV drawdown is -4.09%. The current DAPP drawdown is -29.66%.

Rank	VCV	DAPP
#1	-58.93% May 11, 2007 - Aug 25, 2010	-91.87% Nov 9, 2021 - Dec 28, 2022
#2	-38.54% Nov 12, 2021 - Feb 27, 2026	-39.21% Apr 14, 2021 - Nov 8, 2021
#3	-31.73% Feb 21, 2020 - Dec 18, 2020	N/A
#4	-21.75% Aug 17, 2012 - Dec 2, 2014	N/A
#5	-18.38% Sep 8, 2010 - Oct 31, 2011	N/A
#6	-18.02% Jul 8, 2016 - Jun 20, 2019	N/A
#7	-17.84% Mar 17, 2004 - Jul 29, 2005	N/A
#8	-10.15% Mar 2, 2012 - May 4, 2012	N/A
#9	-8.93% Nov 8, 1999 - Apr 6, 2000	N/A
#10	-8.45% Sep 3, 2019 - Feb 6, 2020	N/A
#11	-8.29% Feb 27, 2026 - Apr 6, 2026	N/A
#12	-8.25% Feb 2, 2015 - Oct 30, 2015	N/A
#13	-8.00% Apr 11, 2000 - Jun 20, 2000	N/A
#14	-7.94% Sep 15, 2021 - Nov 8, 2021	N/A
#15	-7.93% Feb 15, 2001 - Jul 24, 2001	N/A

Correlation

Correlation between VCV and DAPP is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (2000 - 2026)

VCV vs DAPP dividend yield comparison.

Year	VCV	DAPP
2026	3.03%	0.00%
2025	6.96%	0.00%
2024	5.76%	4.04%
2023	4.16%	0.00%
2022	5.46%	0.00%
2021	4.09%	10.13%
2020	4.07%	0.00%
2019	4.43%	0.00%
2018	5.46%	0.00%
2017	5.10%	0.00%
2016	5.86%	0.00%
2015	5.98%	0.00%
2014	6.16%	0.00%
2013	6.95%	0.00%
2012	6.42%	0.00%
2011	7.09%	0.00%
2010	8.09%	0.00%
2009	7.46%	0.00%
2008	11.06%	0.00%
2007	5.32%	0.00%
2006	5.55%	0.00%
2005	7.45%	0.00%
2004	7.40%	0.00%
2003	8.70%	0.00%
2002	6.74%	0.00%
2001	5.92%	0.00%
2000	2.37%	0.00%