VanEck Digital India ETF
ALTAR
Score™		 2.2% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 30.1x P/Sales
ratio		 2.8x
P/BV
ratio		 5.6x Div.
yield		 2.2%


  • 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) $18
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) $33,215
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 9.3 %
BHARTI AIRTEL LIMITED 8.3 %
RELIANCE INDS-SPONS GDR 144A 7.9 %
ZOMATO LTD. 6.7 %
INFOSYS TECHNOLOGIES-SP ADR 6.4 %
TATA CONSULTANCY SVS LTD 5.9 %
HCL TECHNOLOGIES LTD 5.4 %
JIO FINANCIAL SERVICES LTD 4.9 %
TECH MAHINDRA LTD 4.1 %
WIPRO LTD-ADR 3.4 %
Total 62.4 %

TOP COUNTRY EXPOSURE
INDIA 87.3 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 29)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.4% -9.6% -- -- 3.9%

Market Correlations
versus... Beta R-squared
S&P500 0.57 30%
MSCI EAFE 0.27 8%
MSCI Emg. Mkts. 0.30 10%

Technical Indicators
Recent close $40.63
30d moving avg. $41.58
Annualized volatility 15.7%
Short interest (ETF) 3.4%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 6
Turnover 1.3%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $439

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 155 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™: 2.2%


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
(%)
NDIA Global X India Active ETF 26.8 75 -4 5.1 +2.9
INQQ India Internet & Ecommerce ETF 18.8 86 -15 1.4 -0.9
GLIN VanEck India Growth Leaders ETF 16.3 77 -6 7.1 +4.9
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 15.1 86 -15 0.4 -1.8
FLIN Franklin FTSE India ETF 12.3 19 52 4.3 +2.1
INDY iShares India 50 ETF 11.5 89 -18 5.2 +2.9
INDA iShares MSCI India ETF 10.9 65 6 4.8 +2.6
PIN Invesco India ETF 9.5 78 -7 4.9 +2.6
EPI WisdomTree India Earnings Fund 8.6 85 -14 5.4 +3.2
NFTY First Trust India NIFTY 50 Equal Weight ETF 8.2 80 -9 5.3 +3.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 7.8 88 -17 9.0 +6.7
EDOG ALPS Emerging Sector Dividend Dogs ETF 7.6 60 11 10.9 +8.7
CRAK VanEck Oil Refiners ETF 6.8 61 10 13.8 +11.6
MINV Matthews Asia Innovators Active ETF 6.7 79 -8 7.4 +5.2
INCO Columbia India Consumer ETF 6.7 75 -4 1.9 -0.3
CIBR First Trust NASDAQ Cybersecurity ETF 6.4 60 11 4.1 +1.9
NXTG First Trust Indxx NextG ETF 5.8 70 1 5.4 +3.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.4 60 11 8.2 +6.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 5.4 25 46 6.6 +4.4
GMF SPDR S&P Emerging Asia Pacific ETF 5.2 49 22 9.7 +7.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 5.2 86 -15 13.6 +11.3
SMIN iShares MSCI India Small Cap ETF 5.1 79 -8 4.1 +1.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.9 24 47 8.3 +6.1
EMC Global X Emerging Markets Great Consumer ETF 4.9 75 -4 11.1 +8.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.7 30 41 9.3 +7.1
MEM Matthews Emerging Markets Equity Active ETF 4.5 79 -8 8.1 +5.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.2 40 31 7.2 +5.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 4.2 32 39 9.4 +7.2
ABLG Abacus FCF International Leaders ETF 4.2 59 12 6.9 +4.7
DEHP Dimensional Emerging Markets High Profitability ETF 4.1 41 30 6.8 +4.6
SPEM SPDR Portfolio Emerging Markets ETF 4.0 7 64 10.7 +8.5
XC WisdomTree Emerging Markets Ex-China Fund 4.0 32 39 6.3 +4.1
AADR AdvisorShares Dorsey Wright ADR ETF 3.9 110 -39 4.9 +2.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 3.9 53 18 8.0 +5.8
EMMF WisdomTree Emerging Markets Multifactor Fund 3.8 48 23 7.6 +5.3
EEMO Invesco S&P Emerging Markets Momentum ETF 3.7 29 42 6.7 +4.5
RNEM First Trust Emerging Markets Equity Select ETF 3.7 75 -4 7.8 +5.5
XCEM Columbia EM Core ex-China ETF 3.7 16 55 8.5 +6.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.5 32 39 7.1 +4.9
BKF iShares MSCI BIC ETF 3.5 69 2 13.7 +11.5
NUEM Nuveen ESG Emerging Markets Equity ETF 3.4 36 35 8.1 +5.9
XCNY SPDR S&P Emerging Markets ex-China ETF 3.3 15 56 7.9 +5.7
ROAM Hartford Multifactor Emerging Markets ETF 3.2 44 27 12.4 +10.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.2 65 6 8.1 +5.9
STXE Strive Emerging Markets Ex-China ETF 3.1 32 39 8.0 +5.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.1 15 56 8.1 +5.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.9 45 26 10.6 +8.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.9 50 21 11.2 +8.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.6 20 51 10.9 +8.6
GNR SPDR S&P Global Natural Resources ETF 2.6 40 31 11.0 +8.7
EMXC iShares MSCI Emerging Markets ex China ETF 2.5 25 46 7.9 +5.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.5 78 -7 9.4 +7.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.5 60 11 11.1 +8.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.5 41 30 8.8 +6.5
CBSE Clough Select Equity ETF 2.5 85 -14 0.9 -1.3
AFK VanEck Africa Index ETF 2.5 98 -27 11.9 +9.7
AWAY ETFMG Travel Tech ETF 2.5 76 -5 -0.9 -3.1
FLAX Franklin FTSE Asia Ex Japan ETF 2.5 19 52 9.5 +7.3
DFAE Dimensional Emerging Core Equity Market ETF 2.4 35 36 9.5 +7.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.4 38 33 9.4 +7.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.4 45 26 10.8 +8.5
BKEM BNY Mellon Emerging Markets Equity ETF 2.3 11 60 10.2 +8.0
AVEM Avantis Emerging Markets Equity ETF 2.3 33 38 8.8 +6.6
JHEM John Hancock Multifactor Emerging Markets ETF 2.3 49 22 10.4 +8.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.3 33 38 10.3 +8.1
EEMA iShares MSCI Emerging Markets Asia ETF 2.3 49 22 10.5 +8.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 2.3 36 35 10.0 +7.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.2 75 -4 3.2 +1.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.1 66 5 9.8 +7.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 2.1 15 56 10.4 +8.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 2.1 33 38 8.9 +6.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.0 70 1 9.5 +7.3
FDEM Fidelity Emerging Markets Multifactor ETF 2.0 25 46 13.0 +10.8
VWO Vanguard FTSE Emerging Markets ETF 2.0 7 64 10.3 +8.1
ACWV iShares MSCI Global Min Vol Factor ETF 2.0 20 51 6.2 +3.9
AVSE Avantis Responsible Emerging Markets Equity ETF 2.0 33 38 8.6 +6.4
BUYZ Franklin Disruptive Commerce ETF 2.0 50 21 2.2 0.0
EMGF iShares Emerging Markets Equity Factor ETF 1.9 25 46 11.9 +9.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.9 95 -24 11.9 +9.7
ECON Columbia Emerging Markets Consumer ETF 1.9 49 22 12.7 +10.5
CGXU Capital Group International Focus Equity ETF 1.9 54 17 5.6 +3.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.9 30 41 10.7 +8.4
EEM iShares MSCI Emerging Markets ETF 1.8 69 2 10.5 +8.3
IEMG iShares Core MSCI Emerging Markets ETF 1.7 9 62 10.7 +8.5
AVES Avantis Emerging Markets Value ETF 1.7 36 35 11.2 +9.0
ESGE iShares ESG Aware MSCI EM ETF 1.7 25 46 10.4 +8.2
SCHE Schwab Emerging Markets Equity ETF 1.7 11 60 11.1 +8.9
TTAI FCF International Quality ETF 1.6 59 12 7.2 +5.0
PID Invesco International Dividend Achievers ETF 1.6 53 18 5.5 +3.3
SCHY Schwab International Dividend Equity ETF 1.6 14 57 9.7 +7.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.5 59 12 9.0 +6.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.5 75 -4 9.8 +7.6
EMXF iShares ESG Advanced MSCI EM ETF 1.3 16 55 8.7 +6.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.3 44 27 10.7 +8.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.3 35 36 18.7 +16.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.2 70 1 7.8 +5.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.1 58 13 9.8 +7.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.1 42 29 7.3 +5.1
QTUM Defiance Quantum ETF 1.1 40 31 5.6 +3.4
CWI SPDR MSCI ACWI ex-US ETF 1.1 30 41 7.7 +5.5
HAP VanEck Natural Resources ETF 1.1 50 21 9.3 +7.1
IPAV Global X Infrastructure Development ex-U.S. ETF 1.0 55 16 7.8 +5.6
KNCT Invesco Next Gen Connectivity ETF 1.0 40 31 4.9 +2.7
INDF Nifty India Financials ETF 1.0 75 -4 8.6 +6.4
DFEV Dimensional Emerging Markets Value ETF 0.9 43 28 13.5 +11.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.9 39 32 16.5 +14.3
LDEM iShares ESG MSCI EM Leaders ETF 0.8 17 54 14.1 +11.9
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.8 42 29 9.8 +7.6
PXH Invesco FTSE RAFI Emerging Markets ETF 0.8 49 22 16.0 +13.8
DGT SPDR Global Dow ETF 0.8 50 21 7.0 +4.8
FRDM Freedom 100 Emerging Markets ETF 0.8 49 22 8.6 +6.4
FVD First Trust Value Line Dividend Index Fund 0.8 65 6 6.2 +4.0
KOCG FIS Knights of Columbus Global Belief ETF 0.7 75 -4 5.2 +3.0
UMMA Wahed Dow Jones Islamic World ETF 0.7 65 6 5.5 +3.3
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 24 9.0 +6.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.7 18 53 7.9 +5.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.6 4 67 8.2 +6.0
GINX SGI Enhanced Global Income ETF 0.6 98 -27 7.1 +4.8
JIG JPMorgan International Growth ETF 0.6 55 16 4.8 +2.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.6 47 24 8.5 +6.2
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 64 8.0 +5.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 30 7.5 +5.3
VXUS Vanguard Total International Stock ETF 0.5 5 66 8.0 +5.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 34 37 7.8 +5.6
VSGX Vanguard ESG International Stock ETF 0.5 10 61 7.7 +5.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 41 7.9 +5.7
FILL iShares MSCI Global Energy Producers ETF 0.5 39 32 11.5 +9.3
IBUY Amplify Online Retail ETF 0.5 65 6 0.9 -1.4
JETS U.S. Global Jets ETF 0.5 60 11 2.6 +0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 62 5.7 +3.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 63 6.1 +3.9
CGGO Capital Group Global Growth Equity ETF 0.4 47 24 4.7 +2.5
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.4 50 21 5.6 +3.4
RODE Hartford Multifactor Diversified International ETF 0.3 29 42 11.4 +9.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 59 5.2 +3.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.3 29 42 9.3 +7.1
APIE ActivePassive International Equity ETF 0.3 45 26 7.6 +5.4
IDAT iShares Future Cloud 5G and Tech ETF 0.3 47 24 4.7 +2.5
VT Vanguard Total World Stock ETF 0.2 6 65 5.9 +3.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 51 5.7 +3.5
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 61 5.8 +3.5
VYMI Vanguard International High Dividend Yield ETF 0.2 17 54 9.6 +7.4
PNQI Invesco NASDAQ Internet ETF 0.2 60 11 3.4 +1.1
ACWI iShares MSCI ACWI ETF 0.2 32 39 5.6 +3.4
XT iShares Exponential Technologies ETF 0.2 46 25 5.0 +2.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 24 5.8 +3.6
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 56 5.9 +3.7
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 6 7.8 +5.6
GLOF iShares Global Equity Factor ETF 0.1 20 51 6.5 +4.3
IGRO iShares International Dividend Growth ETF 0.1 15 56 7.3 +5.1
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 61 6.4 +4.1
FBCG Fidelity Blue Chip Growth ETF 0.1 59 12 2.9 +0.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 50 3.7 +1.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 32 5.3 +3.1
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 62 4.7 +2.5

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 15.2 %
Divided by: Fwd. P/BV 5.2 x
Less: Expense ratio 71 bp
Equals: ALTAR Score 2.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.69 CATEGORY
AVERAGE		 1.51
 
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.