DAPP vs. MSTX ETF Comparison

Comparison of VanEck Vectors Digital Transformation ETF (DAPP) to Defiance Daily Target 1.75x Long MSTR ETF (MSTX)

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

$16.77

Average Daily Volume

304,294

Number of Holdings ^*

12

* may have additional holdings in another (foreign) market

MSTX

Defiance Daily Target 1.75x Long MSTR ETF

MSTX Description

Grade (RS Rating)

Last Trade

$88.11

Average Daily Volume

4,459,345

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	DAPP	MSTX
30 Days	37.71%	121.33%
60 Days	57.15%	290.57%
90 Days	63.91%	318.96%
12 Months	199.74%

1 Overlapping Holdings

	Symbol	Grade	Weight in DAPP	Weight in MSTX	Overlap
	MSTR	B	9.33%	8.69%	8.69%

DAPP Overweight 11 Positions Relative to MSTX

	Symbol	Grade	Weight
	COIN	B	8.28%
	CIFR	B	6.42%
	SQ	B	6.05%
	RIOT	B	5.56%
	WULF	C	5.32%
	APLD	D	5.2%
	CLSK	C	5.11%
	MARA	C	5.06%
	BTBT	B	4.37%
	IREN	B	4.26%
	CAN	C	3.13%

DAPP Underweight 0 Positions Relative to MSTX

	Symbol	Grade	Weight

DAPP: Top Represented Industries & Keywords

Industries: Capital Markets Software - Application Business Services Computer Hardware Credit Services Software - Infrastructure Specialty Chemicals

Keywords: Bitcoin Bitcoin Mining Cryptocurrency Payment Systems Computing Digital Currencies Economics Of Bitcoin Decentralization Blockchain Cryptography Currency Mining Analytical Applications Artificial Intelligence Business Analysis Business Intelligence Computer Architecture Computer Software Concurrent Computing Cross Platform Software

MSTX: Top Represented Industries & Keywords

Industries: Software - Application

Keywords: Analytical Applications Business Analysis Business Intelligence Computing Data Management Distribution Services Enterprise Software Intelligence Applications Microstrategy OLAP Online Analytical Processing Public Services Software Platform Transaction Services