DGIN
VanEck Digital India ETF
DGIN tracks the MVIS Digital India Index, which is consists of companies involved in supporting the digitization of the Indian economy.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
27.4 M
ASSETS UNDER MGMT
71 bp
EXPENSES
Fund Basics
| Fund sponsor | VanEck |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 15, 2022 |
| Assets (mns) | $27 |
| Expense ratio | 71 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| JIO FINANCIAL SERVICES LTD | 12.2 % |
| INFOSYS TECHNOLOGIES-SP ADR | 7.7 % |
| RELIANCE INDS-SPONS GDR 144A | 7.0 % |
| TATA CONSULTANCY SVS LTD | 6.6 % |
| BHARTI AIRTEL LIMITED | 6.5 % |
| ZOMATO LTD. | 6.0 % |
| HCL TECHNOLOGIES LTD | 5.7 % |
| PERSISTENT SYSTEMS LIMITED | 5.3 % |
| TECH MAHINDRA LTD | 4.8 % |
| WIPRO LTD-ADR | 4.5 % |
Constituent Breakdown
| Number of holdings | 48 |
| Herfindahl-Hirschman Index | 544 |
| Wgt avg mkt cap (mns) | $55,109 |
| Large cap (>$10bn) | 71.2% |
| Mid cap ($2-10bn) | 25.3% |
| Small cap (<$2bn) | 3.6% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 100.0% |
Country Exposure
 |
INDIA | 87.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 20.2% | 35.7% | 23.9% | -- | -- | -- | 8.8% | Volatility | 16.8% | 16.7% | 16.0% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.73 | 58% |
| MSCI EAFE | 0.55 | 34% |
| MSCI Emg Mkts | 0.45 | 23% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.33% |
| ADV of underlying (mns) | $934 |
Technical Indicators
| Recent close | $43.21 |
| 30d moving avg. | $44.55 |
| Annualized volatility | 16.9% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 1.8% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DGIN |
Expenses vs. DGIN |
ALTAR Score™ vs. DGIN |
|---|---|---|---|---|
| NDIA | Global X India Active ETF | 24.2% | +4 bp | +7.2% |
| GLIN | VanEck India Growth Leaders ETF | 17.1% | +6 bp | +5.6% |
| INQQ | India Internet & Ecommerce ETF | 16.3% | +15 bp | +2.4% |
| FMQQ | FMQQ The Next Frontier Internet & Ecommerce ETF | 14.7% | +15 bp | +1.1% |
| FLIN | Franklin FTSE India ETF | 11.6% | -52 bp | +4.6% |
| PIN | Invesco India ETF | 11.4% | +7 bp | +4.4% |
| INDA | iShares MSCI India ETF | 11.1% | -6 bp | +4.3% |
Risk and Returns: DGIN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DGIN
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
DGIN
0.1%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. DGIN's ALTAR Score™ is approximately
1.9 standard deviations
below
the category average. This places DGIN in the 3rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DGINSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| DGIN (71 bp) Percentile rank | 59 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DGIN | 71.0 | 32.6 | 103.6 |
| Peer Avg. | 64.4 | 44.2 | 108.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .