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ETFs

VanEck ETF Trust VanEck Digital Assets Mining ETF

DAM
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Mar 07 2022
Expense Ratio
0.50%
Type
Global Equities
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$13,679
AUM
$1,375,000
Associated Index
MVIS Global Digital Assets Mining Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

RIOT
Riot Platforms Inc
12.49%
MARA
Marathon Digital Holdings Inc
11.37%
HUT
Hut 8 Mining Corp
10.32%
CAN
Canaan Inc - ADR
9.23%
HIVE
HIVE Blockchain Technologies Ltd
6.82%
NB2
NORTHERN DATA AG
4.55%
CLSK
Cleanspark Inc
4.51%
BITF
Bitfarms Ltd.
4.50%
IREN
Iris Energy Ltd
4.47%
COIN
Coinbase Global Inc - Ordinary Shares - Class A
3.93%
Invest with DAM

What is DAM?

VanEck Digital Assets Mining ETF seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Digital Assets Mining Index, which is intended to track the performance of companies that are participating in the digital assets mining economy. The Index is a rules based, modified market capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of companies involved in the digital asset mining segment. These companies may include those that engage in and/or assist digital asset mining activities, including mining-technology companies that provide hardware, software services or other technologies to companies engaged in digital asset mining activities, and companies engaged in digital asset-related projects that facilitate the adoption of digital assets.

ETFs related toDAM

ETFs correlated to DAM include BLOK, CONL, ARKW

DAM
VanEck ETF Trust - VanEck Digital Assets Mining ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
CONL
GraniteShares ETF Trust - GraniteShares 1.5x Long Coinbase Daily ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

DAM is a Global Equities ETF. VanEck Digital Assets Mining ETF seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Digital Assets Mining Index, which is intended to track the performance of companies that are participating in the digital assets mining economy. The Index is a rules based, modified market capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of companies involved in the digital asset mining segment. These companies may include those that engage in and/or assist digital asset mining activities, including mining-technology companies that provide hardware, software services or other technologies to companies engaged in digital asset mining activities, and companies engaged in digital asset-related projects that facilitate the adoption of digital assets.

DAM tracks the MVIS Global Digital Assets Mining Index.

No, DAM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DAM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DAM is 0.0117%. This is the percent change in the value of DAM over the most recent 1-month period. The 3-month return on DAM is 0.7331%. This is the percent change in the value of DAM over the most recent 3-month period.

The standard deviation of DAM for the past year is 0.8443%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DAM include TAN, EFG, and PBW.

ETFs correlated to DAM include BLOK, CONL, and ARKW.

ETFs that are inversely correlated to DAM include SARK, HDGE, and BITI.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.