Data as of Nov 4, 2026.
DAPP vs SATO: Holdings Overlap & Returns
Over the year to Nov 4, 2026, DAPP returned −37.0% to SATO's −39.7%; 27% of their weight is in the same names.
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Net assets on Nov 3, 2026: $220m for VanEck Digital Transformation ETF and $6.5m for Invesco Alerian Galaxy Crypto Economy ETF.
21% of DAPP's weight is in S&P 500 companies and 79% is outside the index. Holdings as of Nov 2, 2026.
10% of SATO's weight is in S&P 500 companies and 90% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
DAPP costs 0.14 points a year less; their one-year returns differ by 2.7 points; DAPP is far larger, $220m against $6.5m.
Points (pts) are percentage points.
| Measure | DAPP | SATO |
|---|---|---|
| Return | ||
| Total return, 1 year | −37.0% | −39.7% |
| Drawdown | ||
| Below its all-time high | 51.8%, high on Nov 9, 2021 | 49.8%, high on Oct 6, 2025 |
| Against its benchmark | ||
| What it tracks | Blockchain and crypto equities | Blockchain and crypto equities |
| Its benchmark, total return, 1 year | +15.0% | +15.0% |
| Against its benchmark, 1 year | behind by 52.0 pts | behind by 54.7 pts |
| Cost and size | ||
| Expense ratio | 0.52% | 0.66% |
| Net assets, as of Nov 3, 2026 | $220m | $6.5m |
| Holdings | ||
| Holdings in common | 27% | |
What they share
By the books each fund has filed, DAPP and SATO hold 27% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
27% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | DAPP | SATO | DAPP | SATO |
| 3 months | −19.6% | −7.9% | −18.3 pts vs ACWI | −6.6 pts vs ACWI |
| 6 months | −34.9% | −26.0% | −37.5 pts vs ACWI | −28.6 pts vs ACWI |
| 1 year | −37.0% | −39.7% | −52.0 pts vs ACWI | −54.7 pts vs ACWI |
| 3 years | +141.6% | +118.3% | +64.0 pts vs ACWI | +40.7 pts vs ACWI |
| Since launchNot the same days: DAPP Apr 2021 · SATO Oct 2021 | −50.1% | −21.7% | −127.2 pts vs ACWI | −92.0 pts vs ACWI |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
27% of the two portfolios are the same securities at the same weight.
DAPP
By weight, 21% 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 65% of the fund across 20 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −37.0% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 52.0 pts. It sits 51.8% below its all-time high of Nov 9, 2021.
SATO
By weight, 10% of SATO's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 94%. The top ten holdings are 36% of the fund across 62 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −39.7% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 54.7 pts. It sits 49.8% below its all-time high of Oct 6, 2025.
Questions people ask
- Do DAPP and SATO hold the same stocks?
- By their latest filings, 27% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, DAPP against SATO, data as of Nov 4, 2026. https://etfiq.com/compare/themes/dapp-vs-sato
ETFIQ. (Nov 4, 2026). DAPP against SATO. Retrieved from https://etfiq.com/compare/themes/dapp-vs-sato
[DAPP against SATO (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/dapp-vs-sato)
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