Skip to Content

VanEck Digital Transformation ETF (DAPP US)

DAPP US$13.63

20 minute delayed

trade now
Today ▲ 5.01%
1 year return ▼ -38.05%
Volume 46,680
Div yield —
PE ratio —
52 week range
12.47 23.33

14 days free access

Join Market Matters and get full access to all our Opinion + Action

Learn more

Performance

Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
DAPP chart by TradingView

Share price activity

Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
Last (Price)
13.63
Change
▲ 0.65 (5.01)
Bid / Ask
11.63 - 16.66
Volume
46,680
Turnover
545,838
Open
13.48
Day Range
13.09 - 13.67
VWAP
13.46
Prev Close
12.98
Last Trade
09/11 3:58pm

Fund profile

Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.

Fund size

$204.9M

NOV 2026

Distributions

Annually

Since inception

5.6 yrs

APR 2021

Legal name
VanEck Digital Transformation ETF
Issuer
VanEck
Type
Exchange-Traded Fund
Structure
Open Ended Investment Company
Management style
Index fund
Morningstar category
Equity Digital Assets
Category index
Morningstar US Total Market TR USD
Benchmark
MSCI ACWI NR USD
ETF net assets
$204.9M
Units on issue
15.0M
Management fee
0.50% p.a.
Domicile
United States
Base currency
USD
Inception
12 APR 2021
Listed
14 APR 2021
Index provider
MSCI Inc.

Objective and strategy

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.

Asset allocation

Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.

US equity 88.48%Non-US equity 11.44%

Asset class Net % Long % Short %
Equity 99.93 100.00 —
Bond 0.00 0.00 —
Cash 0.07 0.00 —
Other 0.00 0.00 —

Sector exposure

Displays the share of the fund held in each sector, sourced from Morningstar.

Cyclical 63.64%Sensitive 36.36%Defensive 0.00%

Financial Services
63.64%
Technology
36.36%
Basic Materials
0.00%
Consumer Cyclical
0.00%
Real Estate
0.00%
Communication Services
0.00%
Energy
0.00%
Industrials
0.00%
Consumer Defensive
0.00%
Healthcare
0.00%
Utilities
0.00%

Region exposure

Displays the share of the fund held in each region, sourced from Morningstar.

Developed markets 100.00%Emerging markets 0.00%

North America
88.23%
Australasia
4.55%
Japan
4.40%
Asia Developed
2.82%
Latin America
0.00%
United Kingdom
0.00%
Europe Developed
0.00%
Europe Emerging
0.00%
Africa / Middle East
0.00%
Asia Emerging
0.00%

Country exposure

Displays the twelve countries the fund holds most of, sourced from Morningstar.
United States
88.23%
Australia
4.55%
Japan
4.40%
Hong Kong
2.82%

Style box

Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
Style
Small Growth

Size score

81

Small Mid Large

Value-growth score

267

Value Blend Growth

Economic moat

None 52%Narrow 48%Wide 0%

Market capitalisation

Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
Giant
0.00%
Large
4.55%
Mid
42.84%
Small
33.21%
Micro
19.40%

Large 5%Mid 43%Small 33%Micro 19%

Average market cap
$9.28B
Number of holdings
22
Shares held
20

Portfolio statistics · 7 NOV 2026

Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
Price / book
1.98
Price / sales
0.37
Price / cash flow
22.94
Dividend yield
0.00%
Assets in top 10
65.76%
Return on equity
-26.40%
Net margin
16.26%

Top holdings · top 10 = 64.13% of assets

Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
Holding % Weight First bought Market value Currency Units held Sector Country
Block Inc Class A XYZ 10.86 APR 2021 23.3M USD 305,919 Technology United States
Coinbase Global Inc Ordinary Shares - Class A COIN 9.30 APR 2021 20.0M USD 139,163 Financial Services United States
Circle Internet Group Inc Ordinary Shares - Class A CRCL 7.72 JUN 2025 16.6M USD 228,652 Financial Services United States
BitMine Immersion Technologies Inc BMNR 7.07 SEP 2025 15.2M USD 752,509 Financial Services United States
Strategy Inc Class A MSTR 6.26 APR 2021 13.4M USD 102,949 Technology United States
IREN Ltd IREN 4.85 DEC 2021 10.4M USD 435,010 Financial Services Australia
Hut 8 Corp HUT 4.82 DEC 2023 10.3M USD 174,220 Financial Services United States
Core Scientific Inc Ordinary Shares - New CORZ 4.66 JUN 2024 10.0M USD 755,472 Technology United States
TeraWulf Inc WULF 4.36 MAR 2022 9.4M USD 797,802 Financial Services United States
Metaplanet Inc 3350 4.25 MAR 2025 9.1M JPY 6.0M Financial Services Japan

Trailing returns · 31 OCT 2026

Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.

Fund (NAV) Market price

1M

-25.3

3M

-19.6

6M

-24.6

YTD

-14.2

1Y

-41.2

3Y

38.1

5Y

-11.3

Period Fund (NAV) % Market price % Before fees % Rank in category
1 month -25.34 -25.26 -25.31 94 / 17
3 months -19.58 -19.63 -19.48 44 / 17
6 months -24.59 -24.63 -24.40 69 / 17
Year to date -14.17 -14.28 -13.82 32 / 17
1 year -41.20 -41.37 -40.91 57 / 17
3 years p.a. 38.07 37.81 38.76 20 / 11
5 years p.a. -11.35 -11.30 -10.90 50 / 5

Returns to 31 OCT 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.

Calendar year returns

Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.

Total Capital

2022

-85.4

2023

280.4

2024

45.1

2025

14.6

Year Total % Capital % Rank in category
2025 14.57 14.57 72 / 15
2024 45.12 39.49 59 / 14
2023 280.44 280.44 8 / 13
2022 -85.35 -85.35 100 / 9

Risk statistics · 31 OCT 2026

Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
1 year 3 years 5 years 10 years
Alpha -65.28 -15.79 -9.98 —
Beta 2.80 4.09 3.37 —
R-squared 51.52 48.51 40.92 —
Standard deviation 56.53 69.28 77.22 —
Sharpe ratio -0.73 0.73 0.16 —
Sortino ratio -0.97 1.28 0.26 —
Tracking error 47.24 61.61 68.64 —
Information ratio -1.13 0.26 -0.31 —
Upside capture % 6.61 295.78 224.05 —
Downside capture % 463.72 564.52 396.37 —
Maximum drawdown % -37.88 -49.69 -89.86 —

Measured against Morningstar Global TME NR USD with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 31 OCT 2026. Maximum drawdown is on gross returns at the latest quarter end.

Portfolio risk score

Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.

Risk score

190.2

Cash 0
Global shares 100

Morningstar Portfolio Risk Score at 30 SEP 2026.

Market impact cost %
0.018
Best quarter
89.06% · DEC 2023
Worst quarter
-70.93% · JUN 2022

Fees and costs

Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
Management fees and costs
0.50% p.a.
PDS dated
1 FEB 2026

Distributions

Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
Latest distribution
0.5808
Ex Date
23 DEC 2024
Record Date
23 DEC 2024
Pay Date
24 DEC 2024
NAV at ex date
15.17

Distributions by year

Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.

2023

0.6

2020

1.9

Year Per unit ($)
2023 0.5808
2020 1.8776

Distribution history

Displays the most recent distributions by ex date, sourced from Morningstar.
Ex Date Per unit ($)
23 DEC 2024 0.5808
20 DEC 2021 1.8776

Sustainability rating · 31 AUG 2026

Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Portfolio covered
56.3%

ESG risk of holdings

Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
Negligible
0.00%
Low
35.45%
Medium
58.06%
High
6.49%
Severe
0.00%

0.00% of assets are in companies with high or severe controversies.

Carbon · 31 AUG 2026

Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.

Carbon risk score

3.61

Low Medium High Severe
Carbon risk
Low Risk
Fossil fuel involvement
0.00%
Category average
0.56%
Portfolio covered
56.3%

Fund managers

Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
  • Peter H. Liao
  • Griffin Driscoll

Tenure

Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
Number of managers
2
Average tenure
4.2 years
Longest tenure
5.6 years
Longest serving
Peter H. Liao · since 12 APR 2021
Most recent appointment
Griffin Driscoll · since 1 FEB 2024
Managed since
12 APR 2021
Other funds managed
29
Displays all company announcements released by the company to the exchange, sourced from Morningstar.

Announcements

Announcements are available for ASX-listed companies only.

Opinion

Action

image description

Relevant suggested news and content from the site

image description
Overview
image description
Webinar Recording: Are commodities entering a Supercycle?
image description
Thursday 11th September – Dow off -220pts, SPI off -20pts
image description
Movers & Losers
image description
Buy Hold Sell: The 6 income stocks readers love, plus 2 expert ideas
image description
Wednesday 10th September – Dow up +196pts, SPI down -4pts
image description
Superloop (ASX: SLC)
image description
Buy Hold Sell: 5 ASX tech stocks bouncing back from the SaaS-pocalypse
image description
Monadelphous (ASX: MND)
image description
Pulse Check Webinar: Portfolio positioning post the Budget
Back to top