DAPP vs. IPO ETF Comparison
Comparison of VanEck Vectors Digital Transformation ETF (DAPP) to Renaissance IPO ETF (IPO)
DAPP
VanEck Vectors Digital Transformation ETF
DAPP Description
DAPP seeks to track, as closely as possible, the price and yield performance of the MVIS Global Digital Assets Equity Index ("The Index"), a rules-based modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of companies involved in digital assets. As the Index is designed to be a pure-play overview of the relevant players in the space, to be eligible for inclusion, a company must (i) generate at least 50% of its revenues from digital assets projects; (ii) generate at least 50% of its revenues from projects that, when developed, have the potential to generate at least 50% of their revenues from digital assets or digital asset projects; and/or (iii) have at least 50% of its assets invested in direct digital asset holdings or digital asset projects. The Index provides significant exposure to key companies in mining, hardware, exchanges, holding and trading, payment gateways, patents and services, and banking. The Fund will not invest in digital assets (including cryptocurrencies) (i) directly or (ii) indirectly through the use of digital asset derivatives. The Index rebalances quarterly.
Grade (RS Rating)
Last Trade
$12.67
Average Daily Volume
198,482
12
IPO
Renaissance IPO ETF
IPO Description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.Grade (RS Rating)
Last Trade
$40.53
Average Daily Volume
23,690
28
Performance
| Period | DAPP | IPO |
|---|---|---|
| 30 Days | 23.97% | 2.97% |
| 60 Days | 35.51% | 5.25% |
| 90 Days | 21.94% | 1.30% |
| 12 Months | 70.75% | 21.89% |
0 Overlapping Holdings
| Symbol | Grade | Weight in DAPP | Weight in IPO | Overlap |
|---|
DAPP Underweight 28 Positions Relative to IPO
| Symbol | Grade | Weight | |
|---|---|---|---|
| NU | B | -10.57% | |
| KVUE | F | -9.8% | |
| ARM | B | -9.05% | |
| HOOD | B | -7.44% | |
| RIVN | C | -5.9% | |
| ONON | C | -4.79% | |
| CNM | D | -4.03% | |
| DUOL | F | -3.79% | |
| CRBG | C | -3.69% | |
| RYAN | C | -2.96% | |
| GTLB | D | -2.9% | |
| GFS | C | -2.47% | |
| S | D | -2.36% | |
| BROS | B | -1.91% | |
| TPG | D | -1.74% | |
| HCP | A | -1.6% | |
| FRSH | D | -1.27% | |
| NUVL | C | -1.21% | |
| BRZE | D | -0.98% | |
| INFA | B | -0.98% | |
| RDDT | A | -0.8% | |
| BIRK | C | -0.68% | |
| PWSC | B | -0.66% | |
| FLNC | F | -0.57% | |
| ACT | B | -0.44% | |
| RBRK | D | -0.35% | |
| BLCO | F | -0.3% | |
| INST | C | -0.26% |
DAPP: Top Represented Industries & Keywords
IPO: Top Represented Industries & Keywords
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