VanEck Digital India ETF
ALTAR
Score™		 2.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 37.7x P/Sales
ratio		 3.1x
P/BV
ratio		 6.6x Div.
yield		 1.9%


  • 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) $25
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 49
Wgt avg mkt cap (mns) $39,881
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
RELIANCE INDS-SPONS GDR 144A 9.5 %
BHARTI AIRTEL LIMITED 8.2 %
INFOSYS TECHNOLOGIES-SP ADR 7.9 %
TATA CONSULTANCY SVS LTD 6.8 %
HCL TECHNOLOGIES LTD 6.0 %
ZOMATO LTD. 5.1 %
TECH MAHINDRA LTD 4.5 %
WIPRO LTD-ADR 4.5 %
JIO FINANCIAL SERVICES LTD 3.9 %
INFO EDGE INDIA LTD. 3.6 %
Total 60.2 %

TOP COUNTRY EXPOSURE
INDIA 86.5 %










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.
-14.2% -2.8% -- -- 2.3%

Market Correlations
versus... Beta R-squared
S&P500 0.73 51%
MSCI EAFE 0.47 21%
MSCI Emg. Mkts. 0.40 16%

Technical Indicators
Recent close $39.58
30d moving avg. $38.87
Annualized volatility 17.5%
Short interest (ETF) 0.3%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.6%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $439

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 153 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™: 2.0%


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 26.3 75 -4 4.7 +2.8
GLIN VanEck India Growth Leaders ETF 19.7 77 -6 6.4 +4.4
INQQ India Internet & Ecommerce ETF 18.9 86 -15 1.1 -0.9
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 15.9 86 -15 0.4 -1.6
FLIN Franklin FTSE India ETF 12.3 19 52 3.9 +2.0
INDA iShares MSCI India ETF 11.9 65 6 4.3 +2.4
PIN Invesco India ETF 11.5 78 -7 4.3 +2.3
INDY iShares India 50 ETF 10.4 89 -18 4.6 +2.7
EEMO Invesco S&P Emerging Markets Momentum ETF 9.3 29 42 6.2 +4.2
EPI WisdomTree India Earnings Fund 8.5 85 -14 4.7 +2.7
EDOG ALPS Emerging Sector Dividend Dogs ETF 8.2 60 11 11.0 +9.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 7.9 88 -17 10.3 +8.3
CRAK VanEck Oil Refiners ETF 7.6 61 10 15.4 +13.4
NFTY First Trust India NIFTY 50 Equal Weight ETF 7.4 80 -9 4.8 +2.9
MINV Matthews Asia Innovators Active ETF 6.7 79 -8 7.7 +5.8
CIBR First Trust NASDAQ Cybersecurity ETF 6.5 60 11 4.2 +2.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 6.4 60 11 8.0 +6.0
SMIN iShares MSCI India Small Cap ETF 6.2 79 -8 3.3 +1.3
GMF SPDR S&P Emerging Asia Pacific ETF 5.9 49 22 10.0 +8.1
NXTG First Trust Indxx NextG ETF 5.8 70 1 5.8 +3.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 5.7 25 46 6.5 +4.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 5.2 86 -15 13.7 +11.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.2 30 41 9.3 +7.4
INCO Columbia India Consumer ETF 5.1 75 -4 1.8 -0.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.9 24 47 8.3 +6.4
EMM Global X Emerging Markets ex-China ETF 4.6 75 -4 5.0 +3.1
DEHP Dimensional Emerging Markets High Profitability ETF 4.5 41 30 6.5 +4.6
SPEM SPDR Portfolio Emerging Markets ETF 4.5 7 64 10.9 +9.0
MEM Matthews Emerging Markets Equity Active ETF 4.5 79 -8 8.5 +6.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.2 40 31 5.6 +3.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 4.2 32 39 9.6 +7.7
XC WisdomTree Emerging Markets Ex-China Fund 4.0 32 39 5.5 +3.6
AADR AdvisorShares Dorsey Wright ADR ETF 3.9 110 -39 5.1 +3.1
BKF iShares MSCI BIC ETF 3.9 69 2 13.0 +11.0
XCNY SPDR S&P Emerging Markets ex-China ETF 3.9 15 56 0.0 -2.0
RNEM First Trust Emerging Markets Equity Select ETF 3.8 75 -4 1.0 -1.0
EMMF WisdomTree Emerging Markets Multifactor Fund 3.8 48 23 7.8 +5.8
XCEM Columbia EM Core ex-China ETF 3.7 16 55 8.5 +6.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.5 32 39 7.0 +5.1
NUEM Nuveen ESG Emerging Markets Equity ETF 3.4 36 35 8.1 +6.2
STXE Strive Emerging Markets Ex-China ETF 3.4 32 39 8.2 +6.2
EMC Global X Emerging Markets Great Consumer ETF 3.3 75 -4 8.5 +6.5
ROAM Hartford Multifactor Emerging Markets ETF 3.2 44 27 11.3 +9.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.1 65 6 8.6 +6.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.1 15 56 8.6 +6.7
EMXC iShares MSCI Emerging Markets ex China ETF 3.0 25 46 8.0 +6.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.9 45 26 11.0 +9.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.9 41 30 9.4 +7.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.9 50 21 11.6 +9.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.9 38 33 9.9 +8.0
DFAE Dimensional Emerging Core Equity Market ETF 2.8 35 36 10.2 +8.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.6 20 51 11.3 +9.3
EEMA iShares MSCI Emerging Markets Asia ETF 2.6 49 22 10.7 +8.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 2.6 95 -24 13.1 +11.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.5 78 -7 9.6 +7.6
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.5 60 11 13.3 +11.3
CBSE Clough Select Equity ETF 2.5 85 -14 1.6 -0.3
AWAY ETFMG Travel Tech ETF 2.5 76 -5 0.0 -1.9
GNR SPDR S&P Global Natural Resources ETF 2.5 40 31 11.4 +9.5
FLAX Franklin FTSE Asia Ex Japan ETF 2.5 19 52 10.8 +8.9
EMGF iShares Emerging Markets Equity Factor ETF 2.4 25 46 12.4 +10.5
LDEM iShares ESG MSCI EM Leaders ETF 2.4 17 54 12.9 +10.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.4 45 26 11.1 +9.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.4 70 1 9.8 +7.9
BKEM BNY Mellon Emerging Markets Equity ETF 2.3 11 60 11.8 +9.8
AVEM Avantis Emerging Markets Equity ETF 2.3 33 38 9.7 +7.7
VWO Vanguard FTSE Emerging Markets ETF 2.3 8 63 10.9 +8.9
JHEM John Hancock Multifactor Emerging Markets ETF 2.3 49 22 10.5 +8.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.3 33 38 10.6 +8.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 2.3 36 35 11.2 +9.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 2.2 30 41 10.6 +8.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.2 75 -4 3.5 +1.5
ESGE iShares ESG Aware MSCI EM ETF 2.2 25 46 10.7 +8.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.1 66 5 10.2 +8.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 2.1 15 56 10.8 +8.8
EEM iShares MSCI Emerging Markets ETF 2.1 69 2 10.7 +8.8
IEMG iShares Core MSCI Emerging Markets ETF 2.0 9 62 10.9 +9.0
FDEM Fidelity Emerging Markets Multifactor ETF 2.0 25 46 13.5 +11.6
ACWV iShares MSCI Global Min Vol Factor ETF 2.0 20 51 7.6 +5.6
BUYZ Franklin Disruptive Commerce ETF 2.0 50 21 2.6 +0.6
AFK VanEck Africa Index ETF 1.9 98 -27 12.6 +10.7
ECON Columbia Emerging Markets Consumer ETF 1.9 49 22 12.9 +11.0
CGXU Capital Group International Focus Equity ETF 1.9 54 17 5.9 +3.9
SCHE Schwab Emerging Markets Equity ETF 1.9 11 60 11.6 +9.6
EMXF iShares ESG Advanced MSCI EM ETF 1.7 16 55 8.4 +6.5
AVES Avantis Emerging Markets Value ETF 1.7 36 35 12.2 +10.3
PID Invesco International Dividend Achievers ETF 1.7 53 18 5.8 +3.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.6 70 1 7.8 +5.8
TTAI FCF International Quality ETF 1.6 59 12 6.9 +5.0
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.6 75 -4 10.3 +8.3
SCHY Schwab International Dividend Equity ETF 1.5 14 57 9.8 +7.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.5 59 12 13.7 +11.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.4 35 36 21.6 +19.6
KNCT Invesco Next Gen Connectivity ETF 1.3 40 31 5.1 +3.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.3 44 27 11.0 +9.1
QTUM Defiance Quantum ETF 1.2 40 31 7.7 +5.8
CWI SPDR MSCI ACWI ex-US ETF 1.2 30 41 8.2 +6.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.2 58 13 10.1 +8.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.1 42 29 6.8 +4.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.0 39 32 16.9 +15.0
DGT SPDR Global Dow ETF 1.0 50 21 8.1 +6.2
PXH Invesco FTSE RAFI Emerging Markets ETF 1.0 49 22 16.7 +14.7
IPAV Global X Infrastructure Development ex-U.S. ETF 1.0 55 16 4.5 +2.5
JETS U.S. Global Jets ETF 1.0 60 11 4.2 +2.2
HAP VanEck Natural Resources ETF 0.9 50 21 10.0 +8.1
FRDM Freedom 100 Emerging Markets ETF 0.9 49 22 9.1 +7.1
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -4 6.1 +4.2
UMMA Wahed Dow Jones Islamic World ETF 0.8 65 6 5.3 +3.3
DFEV Dimensional Emerging Markets Value ETF 0.8 43 28 14.5 +12.5
FVD First Trust Value Line Dividend Index Fund 0.8 65 6 6.1 +4.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.7 8 63 8.5 +6.5
INDF Nifty India Financials ETF 0.7 75 -4 6.6 +4.6
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 24 9.5 +7.6
IBUY Amplify Online Retail ETF 0.7 65 6 3.7 +1.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.7 18 53 8.1 +6.2
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 64 8.3 +6.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 41 8.6 +6.7
VXUS Vanguard Total International Stock ETF 0.6 7 64 8.3 +6.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 37 8.1 +6.2
GINX SGI Enhanced Global Income ETF 0.6 98 -27 7.3 +5.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.6 80 -9 13.6 +11.6
VSGX Vanguard ESG International Stock ETF 0.6 12 59 8.2 +6.2
JIG JPMorgan International Growth ETF 0.6 55 16 4.8 +2.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.6 47 24 9.0 +7.0
TRFM AAM Transformers ETF 0.5 49 22 1.9 -0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 30 7.1 +5.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 62 6.0 +4.0
FILL iShares MSCI Global Energy Producers ETF 0.5 39 32 11.4 +9.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 7 64 7.0 +5.1
IDAT iShares Future Cloud 5G and Tech ETF 0.4 47 24 4.8 +2.8
XT iShares Exponential Technologies ETF 0.4 46 25 5.5 +3.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 59 5.2 +3.2
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.4 50 21 6.5 +4.5
CGGO Capital Group Global Growth Equity ETF 0.4 47 24 5.0 +3.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.3 29 42 8.7 +6.8
RODE Hartford Multifactor Diversified International ETF 0.3 29 42 9.9 +7.9
APIE ActivePassive International Equity ETF 0.3 45 26 7.7 +5.7
VT Vanguard Total World Stock ETF 0.3 7 64 6.4 +4.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 51 6.3 +4.4
VYMI Vanguard International High Dividend Yield ETF 0.2 22 49 10.0 +8.0
ACWI iShares MSCI ACWI ETF 0.2 32 39 6.1 +4.1
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 61 6.1 +4.1
PNQI Invesco NASDAQ Internet ETF 0.2 60 11 3.8 +1.9
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 56 6.0 +4.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 6 8.1 +6.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 24 5.7 +3.7
GLOF iShares Global Equity Factor ETF 0.1 20 51 7.0 +5.0
IGRO iShares International Dividend Growth ETF 0.1 15 56 7.3 +5.3
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 56 6.2 +4.3
FBCG Fidelity Blue Chip Growth ETF 0.1 59 12 3.5 +1.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 32 4.0 +2.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 50 4.3 +2.3
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 62 5.0 +3.1

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

  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

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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 17.0 %
Divided by: Fwd. P/BV 6.4 x
Less: Expense ratio 71 bp
Equals: ALTAR Score 2.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.65 CATEGORY
AVERAGE		 1.50
 
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.