VanEck Digital Transformation ETF (DAPP) Performance
DAPP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −9.2% since Dec 31, 2025
- 1 year
- −35.9% total return
- 5 years
- −8.9% a year
- Since first price
- −11.3% a year since 2021
DAPP trailing returns vs SPY, QQQ, AGG
| Period | DAPP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −28.7% | −28.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −21.0% | −21.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −22.7% | −22.7% | +7.8% | +8.4% | −1.5% |
| YTD | −9.2% | −9.2% | +12.3% | +15.1% | −1.0% |
| 1 year | −35.9% | −35.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +188.1%+42.3%/yr | +178.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −37.1%−8.9%/yr | −44.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 14, 2021 | −48.5%−11.3%/yr | −54.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DAPP vs SPY
From Apr 14, 2021: DAPP grew to $5,148, SPY to $19,876.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DAPP returns by calendar year
3 of 4 full years positive. Best 2023 (+285.0%), worst 2022 (−85.6%). 2026 is year to date.
DAPP annual returns table
| Year | DAPP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −9.2% | −34.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.0% | −53.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +44.9% | −36.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +285.0% | −47.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −85.6% | −86.5% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DAPP largest drawdowns
Now 50.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 9, 2021 | −91.9% | Dec 28, 2022 | not yet | 1.1 years | 5.0 years so far |
| Apr 14, 2021 | −39.2% | Jul 19, 2021 | Nov 8, 2021 | 3 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DAPP risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +53.1% | −1.1% | −6.2% |
| Volatility (annualized) | 67.1% | 77.9% | 76.3% |
| Sharpe ratio | 0.89 | 0.31 | 0.24 |
| Sortino ratio | 1.63 | 0.50 | 0.38 |
| Best month | +49.9% | +67.0% | +67.0% |
| Worst month | −25.0% | −41.0% | −41.0% |
| Best 12 months | +174.1% | +285.0% | +285.0% |
| Worst 12 months | −19.7% | −86.8% | −86.8% |
| Positive months | 64% | 55% | 54% |
| Beta vs S&P 500 | 4.03 | 3.44 | — |
| Correlation with S&P 500 | 0.75 | 0.69 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DAPP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 55 | −86.8% | +24.1% | +285.0% | 69% |
| 3-year (a year) | 31 | −31.6% | +40.4% | +85.8% | 65% |
| 5-year (a year) | 7 | −10.4% | −3.5% | +0.8% | 14% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
DAPP performance overview
VanEck Digital Transformation ETF (DAPP) returned −35.9% over the past year and −8.9% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned −11.3% a year, turning $10,000 into about $5,148. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −91.9%, from Nov 9, 2021 to Dec 28, 2022; the fund has not yet regained that high. DAPP finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+285.0%) and the worst 2022 (−85.6%). Volatility has been 76.3% a year.
Related: DAPP chart, DAPP holdings. See the DAPP overview for the latest quote and fund facts.
DAPP performance FAQ
What is the DAPP return over the past year?
DAPP returned −35.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 35.9%.
What is the average annual return of DAPP?
DAPP has returned −8.9% a year over 5 years, −11.3% a year since April 14, 2021 (total return, distributions reinvested).
How much would $10,000 invested in DAPP be worth?
$10,000 invested in DAPP at its first recorded close on April 14, 2021 would be worth about $5,148 on October 23, 2026 with distributions reinvested.
What was the worst year for DAPP?
The worst calendar year was 2022, with a total return of −85.6%. The best was 2023 at +285.0%.
What is the biggest drawdown of DAPP?
The largest peak-to-trough decline was −91.9% between November 9, 2021 and December 28, 2022. It has not yet recovered to that high; it is 50.2% below its peak.
How volatile is DAPP?
Over the past 3 years DAPP had an annualized volatility of 67.1% and a Sharpe ratio of 0.89 (excess return over 1–3 month T-bills per unit of risk).