VanEck Digital India ETF
ALTAR
Score™		 1.4% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 28.5x P/Sales
ratio		 2.7x
P/BV
ratio		 5.4x Div.
yield		 2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
DGIN tracks the MVIS Digital India Index, which is consists of companies involved in supporting the digitization of the Indian economy.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor VanEck
Website www.vaneck.com/us/en/investments/digital-india-etf-dgin/
Inception date Feb 15, 2022
Assets (mns) $16
Currency USD
Expense ratio 71 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 53
Wgt avg mkt cap (mns) $33,521
Large cap (>$10bn) 66.9%
Mid cap ($2-10bn) 29.8%
Small cap (<$2bn) 3.3%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
NIIT TECHNOLOGIES LTD 10.8 %
BHARTI AIRTEL LIMITED 8.5 %
RELIANCE INDS-SPONS GDR 144A 8.2 %
HCL TECHNOLOGIES LTD 6.4 %
INFOSYS TECHNOLOGIES-SP ADR 6.3 %
ZOMATO LTD. 6.1 %
TATA CONSULTANCY SVS LTD 6.0 %
TECH MAHINDRA LTD 4.7 %
JIO FINANCIAL SERVICES LTD 4.4 %
PB FINTECH LIMITED 4.1 %
Total 65.4 %

TOP COUNTRY EXPOSURE
INDIA 94.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.1% -7.0% -- -- -0.1%

Market Correlations
versus... Beta R-squared
S&P500 0.53 27%
MSCI EAFE 0.60 25%
MSCI Emg. Mkts. 0.56 27%

Technical Indicators
Recent close $34.77
30d moving avg. $37.77
Annualized volatility 15.4%
Short interest (ETF) 3.2%
Relative strength (RSI) 32

Liquidity measures
Avg. volume (thou.) 14
Turnover 3.1%
Bid/Ask (% of price) 0.75%
ADV underlying (mns) $439

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 150 potential alternatives to the VanEck Digital India ETF ETF based on the alternatives' overlap in portfolio holdings with DGIN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DGIN Expense: 71 bp ALTAR Score™: 1.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DGIN
Ticker Fund
Name		 Overlap1
vs DGIN
(%)		 Expense
ratio
(bp)		 Savings
vs DGIN
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs DGIN
(%)
GLIN VanEck India Growth Leaders ETF 17.4 77 -6 5.0 +3.6
INQQ India Internet & Ecommerce ETF 16.1 86 -15 0.5 -0.9
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 12.8 86 -15 0.2 -1.2
INDY iShares India 50 ETF 11.1 89 -18 4.6 +3.2
FLIN Franklin FTSE India ETF 10.4 19 52 3.7 +2.3
INDA iShares MSCI India ETF 9.8 65 6 4.1 +2.7
NFTY First Trust India NIFTY 50 Equal Weight ETF 9.3 80 -9 4.4 +3.0
PIN Invesco India ETF 9.1 78 -7 4.2 +2.8
EPI WisdomTree India Earnings Fund 7.4 85 -14 4.6 +3.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 7.2 60 11 9.3 +7.9
INCO Columbia India Consumer ETF 7.2 75 -4 1.8 +0.4
MINV Matthews Asia Innovators Active ETF 7.0 79 -8 6.1 +4.7
CRAK VanEck Oil Refiners ETF 6.6 61 10 9.8 +8.4
CIBR First Trust NASDAQ Cybersecurity ETF 6.3 60 11 4.8 +3.4
EMC Global X Emerging Markets Great Consumer ETF 5.9 75 -4 7.2 +5.8
NXTG First Trust Indxx NextG ETF 5.7 70 1 4.4 +3.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.5 60 11 6.2 +4.8
XC WisdomTree Emerging Markets Ex-China Fund 4.8 32 39 5.8 +4.4
GMF SPDR S&P Emerging Asia Pacific ETF 4.4 49 22 8.6 +7.2
ROAM Hartford Multifactor Emerging Markets ETF 4.3 44 27 7.7 +6.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.2 25 46 6.3 +4.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 4.2 86 -15 10.9 +9.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.1 24 47 5.4 +4.1
RNEM First Trust Emerging Markets Equity Select ETF 3.9 75 -4 7.4 +6.0
SMIN iShares MSCI India Small Cap ETF 3.6 79 -8 3.3 +1.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.6 30 41 7.8 +6.4
SPEM SPDR Portfolio Emerging Markets ETF 3.4 7 64 9.2 +7.8
XCEM Columbia EM Core ex-China ETF 3.2 16 55 5.1 +3.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 3.2 60 11 8.4 +7.0
DEHP Dimensional Emerging Markets High Profitability ETF 3.2 41 30 4.9 +3.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.2 65 6 7.5 +6.2
NUEM Nuveen ESG Emerging Markets Equity ETF 3.1 36 35 6.1 +4.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.1 40 31 6.3 +4.9
ABLG Abacus FCF International Leaders ETF 3.0 59 12 5.9 +4.5
BKF iShares MSCI BIC ETF 3.0 69 2 12.9 +11.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.0 78 -7 9.4 +8.0
DEXC Dimensional Emerging Markets ex China Core EquityETF 3.0 53 18 5.3 +3.9
EMMF WisdomTree Emerging Markets Multifactor Fund 2.9 48 23 8.5 +7.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.8 20 51 -0.2 -1.6
ECON Columbia Emerging Markets Consumer ETF 2.8 49 22 6.9 +5.5
MEM Matthews Emerging Markets Equity Active ETF 2.7 79 -8 8.4 +7.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.7 32 39 7.5 +6.1
XCNY SPDR S&P Emerging Markets ex-China ETF 2.6 15 56 5.7 +4.3
VEXC Vanguard Emerging Markets Ex-China ETF 2.5 7 64 5.7 +4.3
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 2.5 88 -17 8.3 +6.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.3 15 56 8.8 +7.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.2 47 24 4.7 +3.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.0 45 26 8.1 +6.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.0 41 30 6.8 +5.4
JHEM John Hancock Multifactor Emerging Markets ETF 2.0 49 22 7.5 +6.1
EEMO Invesco S&P Emerging Markets Momentum ETF 2.0 29 42 7.5 +6.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.9 35 36 10.8 +9.4
DFAE Dimensional Emerging Core Equity Market ETF 1.9 35 36 7.0 +5.6
FLAX Franklin FTSE Asia Ex Japan ETF 1.9 19 52 7.3 +5.9
PID Invesco International Dividend Achievers ETF 1.9 53 18 3.8 +2.4
STXE Strive Emerging Markets Ex-China ETF 1.9 32 39 5.5 +4.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.9 38 33 7.0 +5.6
GNR SPDR S&P Global Natural Resources ETF 1.9 40 31 7.9 +6.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.9 33 38 6.3 +4.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.8 32 39 4.9 +3.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.8 15 56 8.0 +6.6
EMXC iShares MSCI Emerging Markets ex China ETF 1.8 25 46 5.3 +3.9
ACWV iShares MSCI Global Min Vol Factor ETF 1.8 20 51 5.4 +4.0
EEMA iShares MSCI Emerging Markets Asia ETF 1.7 49 22 7.7 +6.3
CGXU Capital Group International Focus Equity ETF 1.7 54 17 3.8 +2.5
AVSE Avantis Responsible Emerging Markets Equity ETF 1.7 33 38 6.7 +5.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.7 95 -24 10.1 +8.7
VWO Vanguard FTSE Emerging Markets ETF 1.7 7 64 8.9 +7.5
AVEM Avantis Emerging Markets Equity ETF 1.7 33 38 7.1 +5.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.7 50 21 8.0 +6.7
BKEM BNY Mellon Emerging Markets Equity ETF 1.7 11 60 7.9 +6.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.6 36 35 7.7 +6.3
TTAI FCF International Quality ETF 1.6 59 12 6.5 +5.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.6 66 5 7.5 +6.1
DSTX Distillate International Fundamental Stability & Value ETF 1.6 55 16 6.1 +4.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.5 70 1 7.1 +5.7
EMXF iShares ESG Advanced MSCI EM ETF 1.5 16 55 7.0 +5.6
SCHE Schwab Emerging Markets Equity ETF 1.5 11 60 9.2 +7.8
SCHY Schwab International Dividend Equity ETF 1.4 14 57 7.8 +6.4
AVES Avantis Emerging Markets Value ETF 1.4 36 35 8.5 +7.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.4 30 41 8.1 +6.7
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.4 75 -4 6.3 +4.9
DEM WisdomTree Emerging Markets High Dividend Fund 1.4 63 8 10.6 +9.2
CBSE Clough Select Equity ETF 1.4 85 -14 0.4 -1.0
AWAY ETFMG Travel Tech ETF 1.4 76 -5 1.1 -0.3
EEM iShares MSCI Emerging Markets ETF 1.3 69 2 7.8 +6.4
EMGF iShares Emerging Markets Equity Factor ETF 1.3 25 46 9.0 +7.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.3 75 -4 2.3 +0.9
IEMG iShares Core MSCI Emerging Markets ETF 1.3 9 62 8.2 +6.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.3 33 38 6.8 +5.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.2 47 24 7.3 +5.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.2 59 12 8.3 +6.9
JADE JPMorgan Active Developing Markets Equity ETF 1.2 65 6 6.1 +4.7
ESGE iShares ESG Aware MSCI EM ETF 1.2 25 46 8.3 +6.9
IPAV Global X Infrastructure Development ex-U.S. ETF 1.1 55 16 5.4 +4.0
DGT State Street SPDR Global Dow ETF 1.0 50 21 5.6 +4.3
HAP VanEck Natural Resources ETF 1.0 50 21 6.3 +4.9
KNCT Invesco Next Gen Connectivity ETF 1.0 40 31 3.8 +2.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.0 44 27 8.8 +7.4
AFK VanEck Africa Index ETF 1.0 98 -27 9.1 +7.8
QTUM Defiance Quantum ETF 1.0 40 31 4.6 +3.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.9 42 29 7.4 +6.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.9 58 13 8.0 +6.6
DFEV Dimensional Emerging Markets Value ETF 0.9 43 28 9.7 +8.3
CWI SPDR MSCI ACWI ex-US ETF 0.9 30 41 6.3 +4.9
FDEM Fidelity Emerging Markets Multifactor ETF 0.8 25 46 10.2 +8.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.8 39 32 13.4 +12.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 22 13.1 +11.7
KOCG FIS Knights of Columbus Global Belief ETF 0.7 75 -4 4.3 +2.9
CGGO Capital Group Global Growth Equity ETF 0.7 47 24 4.2 +2.8
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 24 7.5 +6.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.7 70 1 6.2 +4.8
FVD First Trust Value Line Dividend Index Fund 0.7 65 6 5.3 +3.9
IBUY Amplify Online Retail ETF 0.6 65 6 2.2 +0.8
LDEM iShares ESG MSCI EM Leaders ETF 0.6 17 54 11.6 +10.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.6 45 26 9.2 +7.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 53 6.2 +4.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 4 67 6.6 +5.2
UMMA Wahed Dow Jones Islamic World ETF 0.5 65 6 3.6 +2.2
VXUS Vanguard Total International Stock ETF 0.5 5 66 6.5 +5.1
VSGX Vanguard ESG International Stock ETF 0.4 10 61 6.4 +5.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 30 6.0 +4.6
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 64 6.4 +5.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 37 6.2 +4.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 41 6.2 +4.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 42 8.3 +6.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 62 4.9 +3.5
JETS U.S. Global Jets ETF 0.3 60 11 2.3 +0.9
APIE ActivePassive International Equity ETF 0.3 45 26 6.1 +4.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 8 63 6.0 +4.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 59 4.5 +3.1
AQLT iShares MSCI Global Quality Factor ETF 0.3 18 53 0.0 -1.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 6 6.5 +5.1
VT Vanguard Total World Stock ETF 0.2 6 65 5.1 +3.7
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 61 5.0 +3.6
PNQI Invesco NASDAQ Internet ETF 0.2 60 11 3.6 +2.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 51 4.8 +3.4
VYMI Vanguard International High Dividend Yield ETF 0.2 17 54 7.7 +6.3
ACWI iShares MSCI ACWI ETF 0.2 32 39 4.7 +3.3
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 61 5.7 +4.3
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 56 5.1 +3.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 29 3.9 +2.5
IGRO iShares International Dividend Growth ETF 0.1 15 56 6.4 +5.0
GLOF iShares Global Equity Factor ETF 0.1 20 51 5.7 +4.3
DEW WisdomTree Global High Dividend Fund 0.1 58 13 7.1 +5.7
FBCG Fidelity Blue Chip Growth ETF 0.1 59 12 2.3 +0.9
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.0 50 21 5.3 +3.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 50 3.1 +1.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 32 2.4 +1.0
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 62 4.3 +2.9

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 VanEck Digital India ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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 not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.2 %
Divided by: Fwd. P/BV 5.3 x
Less: Expense ratio 71 bp
Equals: ALTAR Score 1.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.68 CATEGORY
AVERAGE		 1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.