Data as of .
DAPP vs IBLC: which is really different?
DAPP and IBLC hold 59% of their weight in the same names.
ETFIQ Off-Index Score: DAPP scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
59% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, DAPP and IBLC hold 59% of their money in the same securities at the same weight.
| Holding | DAPP | IBLC |
|---|---|---|
| Coinbase Global Inc | 8.54% | 12.29% |
| Circle Internet Group Inc | 6.63% | 10.36% |
| Iren Ltd | 6.42% | 9.39% |
| Hut 8 Corp | 5.44% | 6.49% |
| Riot Platforms Inc | 5.17% | 4.88% |
| Applied Digital Corp | 4.48% | 4.37% |
| Cipher Mining Inc | 4.69% | 3.69% |
| Terawulf Inc | 4.29% | 3.51% |
| Core Scientific Inc | 4.30% | 3.26% |
| Mara Holdings Inc | 4.80% | 2.95% |
| Galaxy Digital Inc | 4.24% | 2.76% |
| Cleanspark Inc | 4.71% | 2.11% |
| Only in DAPP | Only in IBLC |
|---|---|
| Block Inc 7.38% | ADVANCED MICRO DEVICES 4.56% |
| Bitmine Immersion Technologies Inc 6.18% | MASTERCARD CLASS A 3.80% |
| Strategy Inc 5.01% | NVIDIA 3.76% |
| Figure Technology Solutions Inc 4.02% | TENCENT HOLDINGS 3.68% |
| Metaplanet Inc 3.18% | INTERNATIONAL BUSINESS MACHINES 3.33% |
| Bc Technology Group Ltd 1.87% | IONIC DIGITAL INC CLASS A 2.02% |
| KEEL INFRASTRUCTURE CORP 1.46% | |
| ROBINHOOD MARKETS CLASS A 1.40% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| DAPP | IBLC | DAPP | IBLC | DAPP | IBLC | |
| 3 months | −5.0% | −7.8% | −7.3 pts | −10.0 pts | −2.6 pts | −5.3 pts |
| 6 months | +29.7% | +23.1% | +11.7 pts | +5.1 pts | +5.5 pts | −1.1 pts |
| 1 year | −3.6% | −3.5% | −20.2 pts | −20.1 pts | −25.4 pts | −25.3 pts |
| 3 years | +266.1% | +212.2% | +187.7 pts | +133.8 pts | +167.9 pts | +114.0 pts |
| Since launch | −27.9% | +131.6% | −127.1 pts | +37.7 pts | −149.0 pts | −2.2 pts |
| DAPP VanEck Digital Transformation ETF Holds 20 stocks in blockchain and crypto equities, 19% of its weight in S&P 500 companies | IBLC iShares Blockchain and Tech ETF Holds 50 stocks in blockchain and crypto equities, 35% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | VanEck | iShares |
| Theme | Blockchain and crypto equities | Blockchain and crypto equities |
| In the S&P 500 | 18.6% | 35.2% |
| Active share vs the S&P 500 | 99.9% | 92.7% |
| In the Nasdaq-100 | 5.3% | 10.2% |
| Holdings | 20 | 50 |
| Top ten, share of the fund | 65.6% | 65.9% |
| Expense ratio | 0.52% | 0.47% |
| Fee for the differing part | 0.52% | 0.51% |
| Total return, 1 year | −3.6% | −3.5% |
| vs the S&P 500 | −20.2 pts | −20.1 pts |
| vs the Nasdaq-100 | −25.4 pts | −25.3 pts |
| Below its high | −30.2% | −20.7% |
| Net assets | $480m | $89m |
DAPP in plain words
By weight, 19% of DAPP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 66% of the fund across 20 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned −3.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 20.2 pts. It sits 30.2% below its all-time high of Nov 9, 2021.
IBLC in plain words
By weight, 35% of IBLC's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 93%. The top ten holdings are 66% of the fund across 50 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned −3.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 20.1 pts. It sits 20.7% below its all-time high of Oct 15, 2025.
Questions people ask
- Do DAPP and IBLC hold the same stocks?
- By their latest filings, 59% of their books are the same securities at the same weight, which is close to holding one of them twice. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, DAPP or IBLC?
- DAPP has 19% of its weight in S&P 500 names and IBLC has 35%, so DAPP differs more from the index.
- Which is cheaper, DAPP or IBLC?
- DAPP charges 0.52% a year and IBLC charges 0.47%, so IBLC is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, DAPP against IBLC, data as of Sep 18, 2026. https://etfiq.com/compare/themes/dapp-vs-iblc Free to use with attribution; the underlying files are at Open data.