{"schemaVersion":1,"ticker":"DAPP","asOf":"2026-10-26","desk":"themes","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/dapp/","methodology":"https://etfiq.com/methodology/","as_of":"2026-10-26","credit":"Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent","class":"mixed","license":"https://etfiq.com/license/","license_text":"Only the numbers in etfiq_fields are ETFIQ's, free to use with attribution: ETFIQ (etfiq.com). Every other number stays under its owner's terms: issuer_fields as the issuer published them, vendor_fields from an end-of-day data vendor.","fields_note":"Not yet classed field by field: only data ETFIQ computes is covered by its licence.","cite_as":"ETFIQ, Risk and return scorecard, DAPP against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/dapp/"},"benchmark":{"ticker":"ACWI","name":"MSCI ACWI Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"DAPP","b":"ACWI","window":{"from":"2021-04-23","to":"2026-10-23","firstReturn":"2021-04-30","weeklyReturns":287,"years":5.5,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.0357077,"perWeek":0.0006866866,"days":1376,"series":"13-week Treasury bill, coupon equivalent, average of daily yields","source":"U.S. Department of the Treasury, Daily Treasury Bill Rates","url":"https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_bill_rates"},"measures":{"total":{"a":-0.40324657,"b":0.7311309,"edge":"ACWI","lead":"ACWI"},"annualised":{"a":-0.08929551,"b":0.10454071,"edge":"ACWI","lead":"ACWI"},"price":{"a":-0.47918112,"b":0.5750879,"edge":"ACWI","lead":"ACWI"},"volatility":{"a":0.70077636,"b":0.14953147,"edge":"ACWI","lead":"ACWI"},"downsideDeviation":{"a":0.45643822,"b":0.10147919,"edge":"ACWI","lead":"ACWI"},"maxDrawdown":{"a":-0.91340077,"b":-0.26075353,"edge":"ACWI","lead":"ACWI","aPeak":"2021-11-12","aTrough":"2022-12-30","bPeak":"2021-11-12","bTrough":"2022-10-14"},"excess":{"a":0.11042584,"b":0.07496427,"edge":"DAPP","lead":"DAPP"},"sharpe":{"a":0.15757643,"b":0.50132772,"edge":"ACWI","lead":"ACWI"},"sortino":{"a":0.24192943,"b":0.73871573,"edge":"ACWI","lead":"ACWI"},"calmar":{"a":-0.09776159,"b":0.4009177,"edge":"ACWI","lead":"ACWI"}},"relative":{"DAPP":{"on":"ACWI","beta":2.59885516,"r2":0.30751796,"alpha":-0.08439545,"alphaT":-0.3385816,"alphaLow":-0.57502301,"alphaHigh":0.40623212,"upsideCapture":null,"downsideCapture":1.62360725,"treynor":0.04249019,"trackingError":0.63026037,"informationRatio":0.05626495,"upWeeks":165,"downWeeks":121,"heldOut":{"upsideCapture":{"value":4.6264,"bound":3.0,"arithmetic":2.6186,"scale":1.0,"reason":"upside capture held out for DAPP: 4.6 is past 3, 3 times the fund's stated daily multiple over its reference's; the same weeks' own ratio is 2.62"}},"treynorReference":0.07496427,"edges":{"beta":{"edge":"Higher beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"downsideCapture":{"edge":"ACWI","lead":"ACWI"},"treynor":{"edge":"ACWI","lead":"ACWI"},"informationRatio":{"edge":null,"lead":"DAPP","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"DAPP":{"kept":"2026-10-26","distributions":2,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[{"ex":"2021-12-20","amount":1.8776,"vendor":1.958653},{"ex":"2024-12-23","amount":0.5808,"vendor":0.60757}],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":287,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":-0.40324657}},"ACWI":{"kept":"2026-10-26","distributions":12,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":287,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.7311309}}}}