DAPP vs. IBLC ETF Comparison

Comparison of VanEck Vectors Digital Transformation ETF (DAPP) to iShares Blockchain and Tech ETF (IBLC)

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

$9.37

Average Daily Volume

283,961

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IBLC

iShares Blockchain and Tech ETF

IBLC Description

The fund invests at least 80% of its assets in the component securities of its index and in investments that have economic characteristics that are substantially identical to the component securities of its index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents as well as in securities not included in theindex. It is non-diversified.

Grade (RS Rating)

Last Trade

$26.47

Average Daily Volume

11,974

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DAPP	IBLC
30 Days	-7.50%	-4.79%
60 Days	-11.60%	-12.23%
90 Days	23.45%	14.95%
12 Months	84.81%	63.62%

10 Overlapping Holdings

Symbol	Grade	Weight in DAPP	Weight in IBLC	Overlap
BTBT	F	5.19%	1.68%	1.68%
CAN	F	2.57%	1.92%	1.92%
CIFR	C	5.51%	4.67%	4.67%
CLSK	D	6.88%	12.35%	6.88%
COIN	D	7.83%	15.39%	7.83%
IREN	D	4.18%	3.37%	3.37%
MARA	C	5.52%	8.75%	5.52%
RIOT	F	5.35%	5.21%	5.21%
SQ	D	7.8%	2.42%	2.42%
WULF	B	7.47%	2.91%	2.91%

DAPP Overweight 2 Positions Relative to IBLC

	Symbol	Grade	Weight
	MSTR	D	7.12%
	APLD	F	3.2%

DAPP Underweight 15 Positions Relative to IBLC

Symbol	Grade	Weight
NVDA	C	-4.81%
HUT	F	-4.75%
PYPL	B	-4.53%
MA	D	-4.27%
IBM	D	-4.04%
AMD	D	-3.33%
BITF	F	-3.19%
HIVE	F	-2.3%
CORZ	D	-1.98%
BTDR	F	-1.42%
HOOD	C	-0.49%
FOXA	B	-0.48%
ARBK	F	-0.42%
DXC	F	-0.22%
AMBA	F	-0.11%