VanEck Digital India ETF
ALTAR
Score™		 1.6% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 32.3x P/Sales
ratio		 2.8x
P/BV
ratio		 5.9x Div.
yield		 1.6%


  • 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) $24
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 44
Wgt avg mkt cap (mns) $50,648
Large cap (>$10bn) 57.8%
Mid cap ($2-10bn) 37.9%
Small cap (<$2bn) 4.4%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
JIO FINANCIAL SERVICES LTD 9.0 %
RELIANCE INDS-SPONS GDR 144A 7.6 %
PERSISTENT SYSTEMS LIMITED 7.3 %
BHARTI AIRTEL LIMITED 6.9 %
INFOSYS TECHNOLOGIES-SP ADR 6.9 %
TATA CONSULTANCY SVS LTD 6.4 %
ZOMATO LTD. 6.3 %
HCL TECHNOLOGIES LTD 5.2 %
WIPRO LTD-ADR 4.2 %
TECH MAHINDRA LTD 4.1 %
Total 63.9 %

TOP COUNTRY EXPOSURE
INDIA 91.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
8.2% 41.1% -- -- 5.9%

Market Correlations
versus... Beta R-squared
S&P500 0.72 67%
MSCI EAFE 0.60 45%
MSCI Emg. Mkts. 0.44 26%

Technical Indicators
Recent close $37.71
30d moving avg. $34.13
Annualized volatility 17.1%
Short interest (ETF) 1.6%
Relative strength (RSI) 80

Liquidity measures
Avg. volume (thou.) 11
Turnover 1.7%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $888

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 143 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™: 1.6%


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 24.8 77 -6 5.3 +3.7
NDIA Global X India Active ETF 24.1 75 -4 6.5 +4.9
INQQ India Internet & Ecommerce ETF 17.4 86 -15 10.8 +9.2
FLIN Franklin FTSE India ETF 11.4 19 52 5.2 +3.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 10.8 86 -15 1.9 +0.3
PIN Invesco India ETF 10.7 78 -7 3.8 +2.1
INDA iShares MSCI India ETF 10.5 65 6 3.7 +2.0
INDY iShares India 50 ETF 10.2 89 -18 3.7 +2.1
NFTY First Trust India NIFTY 50 Equal Weight ETF 9.7 80 -9 6.1 +4.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 8.6 60 11 10.0 +8.4
SMIN iShares MSCI India Small Cap ETF 8.4 79 -8 4.3 +2.7
EPI WisdomTree India Earnings Fund 8.4 85 -14 6.6 +5.0
CRAK VanEck Oil Refiners ETF 7.4 61 10 13.1 +11.5
NXTG First Trust Indxx NextG ETF 7.2 70 1 6.0 +4.4
EEMO Invesco S&P Emerging Markets Momentum ETF 7.2 29 42 6.2 +4.6
GMF SPDR S&P Emerging Asia Pacific ETF 6.8 49 22 6.4 +4.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 6.2 60 11 14.7 +13.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 6.0 32 39 6.3 +4.7
INCO Columbia India Consumer ETF 5.9 75 -4 1.6 +0.0
OND ProShares On-Demand ETF 5.8 58 13 -2.5 -4.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.6 30 41 8.5 +6.9
CIBR First Trust NASDAQ Cybersecurity ETF 5.6 60 11 3.9 +2.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.3 24 47 7.1 +5.5
MINV Matthews Asia Innovators Active ETF 5.1 79 -8 2.8 +1.2
SPEM SPDR Portfolio Emerging Markets ETF 5.0 7 64 7.5 +5.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.9 25 46 7.0 +5.4
DEHP Dimensional Emerging Markets High Profitability ETF 4.6 41 30 7.3 +5.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.4 40 31 7.1 +5.5
RNEM First Trust Emerging Markets Equity Select ETF 4.4 75 -4 8.2 +6.6
EMM Global X Emerging Markets ex-China ETF 4.2 75 -4 3.7 +2.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 3.9 60 11 0.9 -0.7
EMXF iShares ESG Advanced MSCI EM ETF 3.8 16 55 7.4 +5.8
BKF iShares MSCI BIC ETF 3.8 69 2 7.1 +5.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.8 65 6 8.4 +6.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 3.6 20 51 7.5 +5.9
AVEM Avantis Emerging Markets Equity ETF 3.5 33 38 9.1 +7.5
LDEM iShares ESG MSCI EM Leaders ETF 3.4 17 54 7.7 +6.1
NUEM Nuveen ESG Emerging Markets Equity ETF 3.3 36 35 6.8 +5.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.3 38 33 8.2 +6.6
IWFH iShares Virtual Work and Life Multisector ETF 3.3 47 24 -3.5 -5.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.2 78 -7 8.8 +7.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.1 15 56 7.1 +5.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 3.0 95 -24 11.4 +9.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 3.0 86 -15 1.9 +0.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.9 41 30 7.8 +6.2
EMGF iShares Emerging Markets Equity Factor ETF 2.9 25 46 8.7 +7.1
DFAE Dimensional Emerging Core Equity Market ETF 2.9 35 36 7.7 +6.1
EMMF WisdomTree Emerging Markets Multifactor Fund 2.8 48 23 9.3 +7.7
XC WisdomTree Emerging Markets Ex-China Fund 2.8 32 39 6.2 +4.6
ROAM Hartford Multifactor Emerging Markets ETF 2.7 44 27 11.7 +10.1
CGXU Capital Group International Focus Equity ETF 2.7 54 17 4.1 +2.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.6 32 39 7.6 +6.0
STXE Strive Emerging Markets Ex-China ETF 2.6 32 39 6.9 +5.3
FLAX Franklin FTSE Asia Ex Japan ETF 2.6 19 52 7.2 +5.6
EMXC iShares MSCI Emerging Markets ex China ETF 2.6 25 46 6.7 +5.1
VWO Vanguard FTSE Emerging Markets ETF 2.5 8 63 7.6 +6.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.5 45 26 8.6 +7.0
JHEM John Hancock Multifactor Emerging Markets ETF 2.5 49 22 8.3 +6.7
ESGE iShares ESG Aware MSCI EM ETF 2.4 25 46 7.7 +6.1
EEMA iShares MSCI Emerging Markets Asia ETF 2.4 49 22 6.7 +5.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 2.4 18 53 7.9 +6.3
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 2.4 88 -17 6.2 +4.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.3 70 1 7.2 +5.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.2 70 1 6.3 +4.7
AVES Avantis Emerging Markets Value ETF 2.2 36 35 12.1 +10.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 2.1 30 41 7.5 +5.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.1 33 38 7.2 +5.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 2.1 36 35 7.5 +5.8
BKEM BNY Mellon Emerging Markets Equity ETF 2.1 11 60 7.7 +6.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.0 75 -4 3.2 +1.6
SCHE Schwab Emerging Markets Equity ETF 2.0 11 60 7.6 +6.0
IEMG iShares Core MSCI Emerging Markets ETF 2.0 9 62 7.5 +5.9
XCEM Columbia EM Core ex-China ETF 2.0 16 55 7.3 +5.7
MEM Matthews Emerging Markets Equity Active ETF 2.0 79 -8 5.7 +4.1
ACWV iShares MSCI Global Min Vol Factor ETF 1.9 20 51 6.7 +5.1
EEM iShares MSCI Emerging Markets ETF 1.9 69 2 7.0 +5.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.9 66 5 7.2 +5.6
AWAY ETFMG Travel Tech ETF 1.9 76 -5 -4.1 -5.7
PEJ Invesco Leisure and Entertainment ETF 1.9 58 13 0.4 -1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.8 50 21 10.5 +8.9
CBSE Clough Select Equity ETF 1.7 85 -14 -2.3 -3.9
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.6 68 3 5.3 +3.7
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.6 75 -4 9.6 +8.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.6 58 13 10.1 +8.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.6 44 27 10.3 +8.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.5 59 12 9.6 +8.0
FDEM Fidelity Emerging Markets Multifactor ETF 1.4 25 46 11.9 +10.3
QTUM Defiance Quantum ETF 1.4 40 31 3.9 +2.3
PID Invesco International Dividend Achievers ETF 1.3 53 18 6.7 +5.1
BUYZ Franklin Disruptive Commerce ETF 1.3 50 21 2.1 +0.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.3 42 29 6.8 +5.2
CWI SPDR MSCI ACWI ex-US ETF 1.3 30 41 6.8 +5.2
SCHY Schwab International Dividend Equity ETF 1.3 14 57 9.2 +7.6
EMC Global X Emerging Markets Great Consumer ETF 1.3 75 -4 4.9 +3.3
DGT SPDR Global Dow ETF 1.3 50 21 6.7 +5.0
AFK VanEck Africa Index ETF 1.2 98 -27 10.0 +8.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.2 39 32 12.5 +10.9
IBUY Amplify Online Retail ETF 1.2 65 6 1.8 +0.2
PXH Invesco FTSE RAFI Emerging Markets ETF 1.1 49 22 12.4 +10.8
VIGI Vanguard International Dividend Appreciation ETF 1.1 15 56 5.6 +3.9
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 1.1 47 24 0.7 -1.0
HAP VanEck Natural Resources ETF 1.0 50 21 9.5 +7.9
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 1.0 68 3 8.8 +7.2
TTAI FCF International Quality ETF 1.0 59 12 7.4 +5.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.9 8 63 7.2 +5.6
IQDE FlexShares International Quality Dividend Defensive Index ET 0.9 47 24 10.7 +9.1
EWX SPDR S&P Emerging Markets Small Cap ETF 0.9 65 6 7.7 +6.1
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 -4 5.3 +3.7
EDIV SPDR S&P Emerging Markets Dividend ETF 0.8 49 22 10.9 +9.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 41 7.8 +6.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.7 45 26 12.7 +11.1
FILL iShares MSCI Global Energy Producers ETF 0.7 39 32 9.0 +7.4
VXUS Vanguard Total International Stock ETF 0.6 7 64 7.1 +5.5
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 64 6.9 +5.3
IQDF FlexShares International Quality Dividend Index Fund 0.6 47 24 10.7 +9.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.6 7 64 6.5 +4.9
FVD First Trust Value Line Dividend Index Fund 0.6 65 6 6.0 +4.4
XT iShares Exponential Technologies ETF 0.5 46 25 3.9 +2.3
VSGX Vanguard ESG International Stock ETF 0.5 12 59 6.8 +5.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 34 37 6.7 +5.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 62 5.7 +4.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 30 6.7 +5.1
DFEV Dimensional Emerging Markets Value ETF 0.5 43 28 10.9 +9.3
JETS U.S. Global Jets ETF 0.5 60 11 -15.6 -17.2
INDF Nifty India Financials ETF 0.5 75 -4 6.0 +4.4
APIE ActivePassive International Equity ETF 0.5 45 26 7.7 +6.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.5 20 51 10.7 +9.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 59 5.1 +3.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 51 5.6 +4.0
DEM WisdomTree Emerging Markets High Dividend Fund 0.3 63 8 12.9 +11.3
VT Vanguard Total World Stock ETF 0.3 7 64 5.8 +4.2
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.3 50 21 5.8 +4.2
VYMI Vanguard International High Dividend Yield ETF 0.3 22 49 9.7 +8.1
DEW WisdomTree Global High Dividend Fund 0.2 58 13 9.1 +7.5
ACWI iShares MSCI ACWI ETF 0.2 32 39 5.5 +3.9
IGRO iShares International Dividend Growth ETF 0.2 15 56 7.1 +5.5
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 26 3.3 +1.7
PNQI Invesco NASDAQ Internet ETF 0.2 60 11 2.6 +1.0
GLOF iShares Global Equity Factor ETF 0.1 20 51 7.1 +5.5
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 56 5.8 +4.2
RODE Hartford Multifactor Diversified International ETF 0.1 29 42 11.5 +9.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 32 4.5 +2.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 50 3.9 +2.3

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%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
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

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VALUATION METRICS
  2023 2024E 2025E
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 13.2 %
Divided by: Fwd. P/BV 5.7 x
Less: Expense ratio 71 bp
Equals: ALTAR Score 1.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 CATEGORY
AVERAGE		 1.39
 
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.