Data as of .
DAPP vs SATO: which is really different?
DAPP and SATO hold 37% of their weight in the same names, and DAPP returned more over the year.
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
37% 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 SATO hold 37% of their money in the same securities at the same weight.
| Holding | DAPP | SATO |
|---|---|---|
| Strategy Inc | 5.01% | 3.05% |
| Bitdeer Technologies Group | 4.54% | 2.85% |
| Mara Holdings Inc | 4.80% | 2.76% |
| Bitmine Immersion Technologies Inc | 6.18% | 2.73% |
| Bullish | 4.06% | 2.68% |
| Coinbase Global Inc | 8.54% | 2.42% |
| Cleanspark Inc | 4.71% | 2.41% |
| Riot Platforms Inc | 5.17% | 2.38% |
| Circle Internet Group Inc | 6.63% | 2.34% |
| Metaplanet Inc | 3.18% | 2.29% |
| Hut 8 Corp | 5.44% | 2.29% |
| Galaxy Digital Inc | 4.24% | 2.27% |
| Only in DAPP | Only in SATO |
|---|---|
| Figure Technology Solutions Inc 4.02% | POWERSHARES CAYMAN FUND 15.23% |
| Bc Technology Group Ltd 1.87% | Strive Inc 4.60% |
| Nakamoto Inc 3.49% | |
| Canaan Inc 3.35% | |
| BTCS Inc 2.87% | |
| SHARPLINK INC 2.84% | |
| American Bitcoin Corp 2.65% | |
| Bitgo Holdings Inc 2.63% |
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 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| DAPP | SATO | DAPP | SATO | DAPP | SATO | |
| 3 months | −5.0% | +8.0% | −7.3 pts | +5.8 pts | −2.6 pts | +10.5 pts |
| 6 months | +29.7% | +30.4% | +11.7 pts | +12.4 pts | +5.5 pts | +6.2 pts |
| 1 year | −3.6% | −15.6% | −20.2 pts | −32.1 pts | −25.4 pts | −37.3 pts |
| 3 years | +266.1% | +209.3% | +187.7 pts | +130.9 pts | +167.9 pts | +111.1 pts |
| Since launch | −27.9% | +6.5% | −127.1 pts | −79.2 pts | −149.0 pts | −98.1 pts |
| DAPP VanEck Digital Transformation ETF Holds 20 stocks in blockchain and crypto equities, 19% of its weight in S&P 500 companies | SATO Invesco Alerian Galaxy Crypto Economy ETF Holds 60 stocks in blockchain and crypto equities, 9% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | VanEck | Invesco |
| Theme | Blockchain and crypto equities | Blockchain and crypto equities |
| In the S&P 500 | 18.6% | 8.6% |
| Active share vs the S&P 500 | 99.9% | 95.5% |
| In the Nasdaq-100 | 5.3% | 6.2% |
| Holdings | 20 | 60 |
| Top ten, share of the fund | 65.6% | 43.8% |
| Expense ratio | 0.52% | 0.66% |
| Fee for the differing part | 0.52% | 0.69% |
| Total return, 1 year | −3.6% | −15.6% |
| vs the S&P 500 | −20.2 pts | −32.1 pts |
| vs the Nasdaq-100 | −25.4 pts | −37.3 pts |
| Below its high | −30.2% | −31.7% |
| Net assets | $480m | $9m |
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.
SATO in plain words
By weight, 9% of SATO's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 44% of the fund across 60 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned −15.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 32.1 pts. It sits 31.7% below its all-time high of Oct 6, 2025.
Questions people ask
- Do DAPP and SATO hold the same stocks?
- By their latest filings, 37% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, DAPP or SATO?
- DAPP has 19% of its weight in S&P 500 names and SATO has 9%, so DAPP differs more from the index.
- Which is cheaper, DAPP or SATO?
- DAPP charges 0.52% a year and SATO charges 0.66%, so DAPP 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 SATO, data as of Sep 18, 2026. https://etfiq.com/compare/themes/dapp-vs-sato Free to use with attribution; the underlying files are at Open data.