ETF Evaluator:
VanEck Digital Trfmt ETF (DAPP)
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(as of Jul 31)
Best Performing in Equity Digital Assets Over the Last Year
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ETF Details
VanEck Digital Trfmt ETF Overview
VanEck Digital Trfmt ETF (DAPP) is a passively managed Sector Equity Equity Digital Assets exchange-traded fund (ETF). VanEck launched the ETF in 2021.
The investment seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Digital Assets Equity Index.
The fund normally invests at least 80% of its total assets in securities of Digital Transformation Companies. The index is a global index that tracks the performance of Digital Transformation Companies. The fund will not invest in digital assets (including cryptocurrencies) (i) directly or (ii) indirectly through the use of digital asset derivatives. It also will not invest in initial coin offerings. The fund is non-diversified.
About VanEck Digital Trfmt ETF (DAPP)
There are 2 members of the management team with an average tenure of 3.82 years: Peter Liao (2021) and Griffin Driscoll (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and MVIS Global Digital Assets Equity USD index with a weighting of 100%. VanEck Digital Trfmt ETF has 23 securities in its portfolio. The top 10 holdings constitute 59.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VanEck Digital Trfmt ETF is part of the Equity global asset class and is within the Sector Equity ETF group. VanEck Digital Trfmt ETF has 11.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 85.8% There is 11.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VanEck Digital Trfmt ETF has 2.8% of the portfolio in cash.
Assets Under Management
The fund has $345 million in total assets, which is above the $202 million average for the Equity Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DAPP Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VanEck Digital Trfmt ETF expense ratio is average compared to funds in the Equity Digital Assets category. VanEck Digital Trfmt ETF has an expense ratio of 0.52%, which is 22% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VanEck Digital Trfmt ETF has a portfolio turnover rate of 74%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 129% for the Equity Digital Assets category.
Recently, in the month of June 2026, VanEck Digital Trfmt ETF returned -14.9%, which earned it a grade of D, as the Equity Digital Assets category had an average return of -11.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VanEck Digital Trfmt ETF has a trailing yield of 0.00%, which is below the 5.17% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VanEck Digital Trfmt ETF Grades
Year to date, the ETF has returned 17.4%, 1.9 percentage points worse than the category, which translates into a grade of B. The fund has returned 17.5% over the past year (grade of C), 43.7% over the past three years (grade of B) and -3.1% per year over the past five years (grade of D).
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DAPP Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DAPP Return (NAV) | -14.9% | 29.8% | 17.5% | 43.7% | -3.1% | na |
| DAPP Return (Price) | -14.6% | 29.9% | 17.1% | 43.5% | -3.2% | na |
| NAV +/- Price Return | -0.256% | -0.107% | 0.416% | 0.244% | 0.052% | na |
| Equity Digital Assets Avg | -11.8% | 35.0% | 33.4% | 38.6% | -0.5% | na |
| DAPP Grade (NAV) | D | C | C | B | D | na |
| +/- Category (NAV) | -3.1% | -5.2% | -15.8% | 5.2% | -2.6% | na |
| DAPP Tax-Cost Ratio | na | na | 0.0% | 0.5% | 1.1% | na |
DAPP Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DAPP Return (NAV) | 17.4% | 14.6% | 45.1% | 280.4% | -85.4% | na | na | na | na | na | na |
| DAPP Return (Price) | 17.2% | 15.0% | 45.1% | 285.0% | -85.6% | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.012% | 0.031% | -0.000% | 0.016% | 0.003% | na | na | na | na | na | na |
| Equity Digital Assets Avg | 19.4% | 23.1% | 38.6% | 197.0% | -75.4% | 18.5% | 73.5% | 31.5% | na | na | na |
| DAPP Grade (NAV) | B | D | C | A | F | na | na | na | na | na | na |
| +/- Category | -1.9% | -8.5% | 6.5% | 83.4% | -9.9% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 3.89 |
| R-Squared: | 49% |
| Standard Deviation: | 70.3% |
| Category Risk Index: | 1.12 |
| Category Risk Rating: | High |
| Total Risk Index: | 5.78 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 346 Mil |
| Share Class Assets: | $ 346 Mil |
| Turnover: | 74.0% |
| Expense Ratio: | 0.52% |
| Index Fund: | Yes |
| Index Tracked: | MSCI ACWI NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 5.2 years | |||
| Average Tenure: 3.8 years | |||
| Managers (Year): Liao Peter (2021), Driscoll Griffin (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 23 |
| % in Top 10 Holdings: | 59.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 11.4% |
Portfolio Allocation |
|
| Domestic Stock: | 85.8% |
| Foreign Stock: | 11.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VanEck |
| Phone Number: | 800-826-2333 |
| Website: | www.marketvectorsetfs.com |
| Inception Date: | April 12, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.52% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.67% |
