Data as of .
DAPP vs WGMI: which is really different?
DAPP and WGMI hold 40% of their weight in the same names, and WGMI 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
40% 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 WGMI hold 40% of their money in the same securities at the same weight.
| Holding | DAPP | WGMI |
|---|---|---|
| Iren Ltd | 6.42% | 10.09% |
| Hut 8 Corp | 5.44% | 10.81% |
| Riot Platforms Inc | 5.17% | 4.93% |
| Mara Holdings Inc | 4.80% | 4.78% |
| Cipher Mining Inc | 4.69% | 18.17% |
| Cleanspark Inc | 4.71% | 4.60% |
| Bitdeer Technologies Group | 4.54% | 4.69% |
| Applied Digital Corp | 4.48% | 2.95% |
| Core Scientific Inc | 4.30% | 2.85% |
| Terawulf Inc | 4.29% | 2.83% |
| Galaxy Digital Inc | 4.24% | 0.64% |
| Block Inc | 7.38% | 0.52% |
| Only in DAPP | Only in WGMI |
|---|---|
| Coinbase Global Inc 8.54% | Keel Infrastructure Corp 10.74% |
| Circle Internet Group Inc 6.63% | Hive Digital Technologies Ltd 4.49% |
| Bitmine Immersion Technologies Inc 6.18% | Digi Power X Inc 4.13% |
| Strategy Inc 5.01% | ChronoScale Corp 2.17% |
| Bullish 4.06% | Soluna Holdings Inc 2.02% |
| Figure Technology Solutions Inc 4.02% | NVIDIA Corp 2.02% |
| Metaplanet Inc 3.18% | Nebius Group NV 2.00% |
| Bc Technology Group Ltd 1.87% | Whitefiber Inc 1.90% |
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 Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| DAPP | WGMI | DAPP | WGMI | DAPP | WGMI | |
| 3 months | −5.0% | −31.4% | −7.3 pts | −33.6 pts | −2.6 pts | −28.9 pts |
| 6 months | +29.7% | +31.4% | +11.7 pts | +13.3 pts | +5.5 pts | +7.1 pts |
| 1 year | −3.6% | +20.4% | −20.2 pts | +3.9 pts | −25.4 pts | −1.3 pts |
| 3 years | +266.1% | +380.3% | +187.7 pts | +301.9 pts | +167.9 pts | +282.1 pts |
| Since launch | −27.9% | +84.0% | −127.1 pts | +4.0 pts | −149.0 pts | −22.5 pts |
| DAPP VanEck Digital Transformation ETF Holds 20 stocks in blockchain and crypto equities, 19% of its weight in S&P 500 companies | WGMI CoinShares Bitcoin Mining ETF Holds 27 stocks in blockchain and crypto equities, 2% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | VanEck | CoinShares |
| Theme | Blockchain and crypto equities | Blockchain and crypto equities |
| In the S&P 500 | 18.6% | 2.5% |
| Active share vs the S&P 500 | 99.9% | 97.9% |
| In the Nasdaq-100 | 5.3% | 2.0% |
| Holdings | 20 | 27 |
| Top ten, share of the fund | 65.6% | 77.4% |
| Expense ratio | 0.52% | 0.75% |
| Fee for the differing part | 0.52% | 0.77% |
| Total return, 1 year | −3.6% | +20.4% |
| vs the S&P 500 | −20.2 pts | +3.9 pts |
| vs the Nasdaq-100 | −25.4 pts | −1.3 pts |
| Below its high | −30.2% | −31.4% |
| Net assets | $480m | $344m |
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.
WGMI in plain words
By weight, 2% of WGMI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 77% of the fund across 27 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +20.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 3.9 pts. It sits 31.4% below its all-time high of Jun 18, 2026.
Questions people ask
- Do DAPP and WGMI hold the same stocks?
- By their latest filings, 40% 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 WGMI?
- DAPP has 19% of its weight in S&P 500 names and WGMI has 2%, so DAPP differs more from the index.
- Which is cheaper, DAPP or WGMI?
- DAPP charges 0.52% a year and WGMI charges 0.75%, 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 WGMI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/dapp-vs-wgmi Free to use with attribution; the underlying files are at Open data.