VanEck Digital India ETF
ALTAR
Score™		 0.1% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 51.7x P/Sales
ratio		 3.2x
P/BV
ratio		 9.3x Div.
yield		 1.4%


  • 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) $28
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 48
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%

TOP TEN HOLDINGS
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 %
Total 66.4 %

TOP COUNTRY EXPOSURE
INDIA 87.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
20.2% 35.7% -- -- 8.8%

Market Correlations
versus... Beta R-squared
S&P500 0.73 58%
MSCI EAFE 0.55 34%
MSCI Emg. Mkts. 0.45 23%

Technical Indicators
Recent close $43.42
30d moving avg. $44.55
Annualized volatility 16.9%
Short interest (ETF) 1.8%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 7
Turnover 1.1%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $934

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 156 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™: 0.1%


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 24.2 75 -4 7.2 +7.1
GLIN VanEck India Growth Leaders ETF 17.1 77 -6 5.7 +5.6
INQQ India Internet & Ecommerce ETF 16.3 86 -15 2.6 +2.4
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 14.7 86 -15 1.2 +1.1
FLIN Franklin FTSE India ETF 11.6 19 52 4.7 +4.6
PIN Invesco India ETF 11.4 78 -7 4.5 +4.3
INDA iShares MSCI India ETF 11.1 65 6 4.4 +4.2
MINV Matthews Asia Innovators Active ETF 9.8 79 -8 3.0 +2.9
INDY iShares India 50 ETF 9.3 89 -18 4.6 +4.5
EEMO Invesco S&P Emerging Markets Momentum ETF 9.3 29 42 5.5 +5.4
NFTY First Trust India NIFTY 50 Equal Weight ETF 8.1 80 -9 6.3 +6.1
NXTG First Trust Indxx NextG ETF 7.8 70 1 6.2 +6.1
EPI WisdomTree India Earnings Fund 7.6 85 -14 6.1 +5.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 7.4 60 11 9.8 +9.7
CIBR First Trust NASDAQ Cybersecurity ETF 7.1 60 11 4.1 +4.0
CRAK VanEck Oil Refiners ETF 7.0 61 10 14.7 +14.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 6.7 60 11 13.4 +13.3
GMF SPDR S&P Emerging Asia Pacific ETF 6.6 49 22 6.1 +6.0
SMIN iShares MSCI India Small Cap ETF 6.3 79 -8 3.5 +3.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 6.2 30 41 8.1 +8.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 6.0 25 46 6.6 +6.5
OND ProShares On-Demand ETF 5.9 58 13 -2.2 -2.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.8 24 47 9.2 +9.1
GINX SGI Enhanced Global Income ETF 5.6 98 -27 5.6 +5.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 5.1 40 31 8.3 +8.2
SPEM SPDR Portfolio Emerging Markets ETF 5.0 7 64 7.3 +7.2
DEHP Dimensional Emerging Markets High Profitability ETF 5.0 41 30 5.0 +4.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 5.0 86 -15 1.6 +1.5
MEM Matthews Emerging Markets Equity Active ETF 4.6 79 -8 5.4 +5.3
EMM Global X Emerging Markets ex-China ETF 4.5 75 -4 4.2 +4.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 4.5 88 -17 7.4 +7.3
BKF iShares MSCI BIC ETF 4.4 69 2 6.9 +6.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 4.4 32 39 6.2 +6.1
RNEM First Trust Emerging Markets Equity Select ETF 4.1 75 -4 7.6 +7.4
NUEM Nuveen ESG Emerging Markets Equity ETF 4.1 36 35 6.5 +6.3
XC WisdomTree Emerging Markets Ex-China Fund 4.1 32 39 6.0 +5.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 4.1 60 11 0.5 +0.3
XCNY SPDR S&P Emerging Markets ex-China ETF 4.0 15 56 6.3 +6.2
XCEM Columbia EM Core ex-China ETF 3.8 16 55 7.7 +7.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.7 65 6 8.2 +8.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.7 32 39 6.9 +6.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.4 15 56 10.2 +10.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.3 78 -7 9.0 +8.9
ROAM Hartford Multifactor Emerging Markets ETF 3.3 44 27 15.8 +15.7
EMXF iShares ESG Advanced MSCI EM ETF 3.3 16 55 6.8 +6.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.2 38 33 7.8 +7.7
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 3.2 18 53 6.8 +6.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 3.2 41 30 7.4 +7.3
EMXC iShares MSCI Emerging Markets ex China ETF 3.1 25 46 6.7 +6.6
DFAE Dimensional Emerging Core Equity Market ETF 3.1 35 36 7.3 +7.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 3.1 95 -24 10.5 +10.4
STXE Strive Emerging Markets Ex-China ETF 3.1 32 39 7.0 +6.9
ECON Columbia Emerging Markets Consumer ETF 3.0 49 22 7.3 +7.2
EMGF iShares Emerging Markets Equity Factor ETF 2.9 25 46 8.5 +8.4
EEMA iShares MSCI Emerging Markets Asia ETF 2.9 49 22 6.5 +6.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.9 45 26 11.0 +10.9
FLAX Franklin FTSE Asia Ex Japan ETF 2.9 19 52 6.9 +6.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.9 75 -4 2.9 +2.7
EQLT iShares MSCI Emerging Markets Quality Factor ETF 2.7 35 36 7.4 +7.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.6 70 1 6.2 +6.0
BGAIX Baron Global Advantage 2.6 75 -4 0.6 +0.5
VWO Vanguard FTSE Emerging Markets ETF 2.6 8 63 6.9 +6.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 2.6 30 41 7.3 +7.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.6 20 51 6.8 +6.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.6 33 38 8.2 +8.1
JHEM John Hancock Multifactor Emerging Markets ETF 2.6 49 22 8.2 +8.1
ESGE iShares ESG Aware MSCI EM ETF 2.5 25 46 7.1 +7.0
AVEM Avantis Emerging Markets Equity ETF 2.5 33 38 8.9 +8.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.5 45 26 12.3 +12.2
CGXU Capital Group International Focus Equity ETF 2.5 54 17 4.9 +4.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 2.5 15 56 7.2 +7.1
LDEM iShares ESG MSCI EM Leaders ETF 2.5 17 54 7.6 +7.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.4 50 21 13.0 +12.9
GNR SPDR S&P Global Natural Resources ETF 2.3 40 31 9.7 +9.6
BUYZ Franklin Disruptive Commerce ETF 2.3 50 21 1.8 +1.7
PEJ Invesco Leisure and Entertainment ETF 2.3 58 13 1.0 +0.8
AWAY ETFMG Travel Tech ETF 2.3 76 -5 -5.2 -5.3
EEM iShares MSCI Emerging Markets ETF 2.3 69 2 6.9 +6.8
IEMG iShares Core MSCI Emerging Markets ETF 2.3 9 62 7.5 +7.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 2.3 36 35 7.8 +7.7
BKEM BNY Mellon Emerging Markets Equity ETF 2.2 11 60 8.4 +8.3
EMC Global X Emerging Markets Great Consumer ETF 2.2 75 -4 4.5 +4.4
ACWV iShares MSCI Global Min Vol Factor ETF 2.2 20 51 6.3 +6.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.1 66 5 10.0 +9.9
SCHE Schwab Emerging Markets Equity ETF 2.1 11 60 7.1 +7.0
AVES Avantis Emerging Markets Value ETF 2.0 36 35 11.6 +11.5
AFK VanEck Africa Index ETF 2.0 98 -27 9.1 +9.0
EMMF WisdomTree Emerging Markets Multifactor Fund 2.0 48 23 8.8 +8.7
FFTY Innovator IBD 50 ETF 2.0 80 -9 -0.6 -0.7
BIGFX Baron International Growth Retail 1.9 75 -4 3.1 +3.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.9 70 1 7.7 +7.6
PID Invesco International Dividend Achievers ETF 1.8 53 18 7.0 +6.9
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.7 75 -4 8.2 +8.1
QTUM Defiance Quantum ETF 1.7 40 31 3.6 +3.5
IQDE FlexShares International Quality Dividend Defensive Index ET 1.7 47 24 14.8 +14.7
SCHY Schwab International Dividend Equity ETF 1.7 14 57 9.3 +9.2
TTAI FCF International Quality ETF 1.6 59 12 5.6 +5.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.6 59 12 11.3 +11.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.6 44 27 10.6 +10.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.5 35 36 12.4 +12.3
CWI SPDR MSCI ACWI ex-US ETF 1.4 30 41 6.9 +6.8
FDEM Fidelity Emerging Markets Multifactor ETF 1.4 25 46 12.3 +12.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.4 42 29 8.1 +7.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.3 58 13 10.2 +10.1
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 1.3 68 3 8.2 +8.1
KNCT Invesco Next Gen Connectivity ETF 1.3 40 31 5.6 +5.5
DGT SPDR Global Dow ETF 1.3 50 21 6.8 +6.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.2 39 32 12.5 +12.4
PXH Invesco FTSE RAFI Emerging Markets ETF 1.2 49 22 12.2 +12.1
HAP VanEck Natural Resources ETF 1.0 50 21 10.0 +9.9
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 -4 5.0 +4.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.9 8 63 7.3 +7.1
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 24 12.9 +12.8
JETS U.S. Global Jets ETF 0.8 60 11 -13.3 -13.4
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.8 68 3 2.1 +2.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.8 18 53 7.0 +6.9
DFEV Dimensional Emerging Markets Value ETF 0.7 43 28 11.1 +10.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.7 80 -9 12.3 +12.2
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 64 7.2 +7.1
VXUS Vanguard Total International Stock ETF 0.7 7 64 7.2 +7.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 41 8.0 +7.8
IPAV Global X Infrastructure Development ex-U.S. ETF 0.7 55 16 9.7 +9.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 37 7.0 +6.8
IBUY Amplify Online Retail ETF 0.7 65 6 1.4 +1.2
APIE ActivePassive International Equity ETF 0.7 45 26 8.1 +8.0
VSGX Vanguard ESG International Stock ETF 0.6 12 59 6.8 +6.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.6 9 62 5.4 +5.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.6 41 30 7.4 +7.3
FILL iShares MSCI Global Energy Producers ETF 0.6 39 32 9.6 +9.5
XT iShares Exponential Technologies ETF 0.6 46 25 4.8 +4.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 7 64 6.7 +6.6
FVD First Trust Value Line Dividend Index Fund 0.5 65 6 6.3 +6.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 59 4.8 +4.7
BOUT Innovator IBD Breakout Opportunities ETF 0.4 81 -10 3.6 +3.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 42 8.7 +8.6
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.4 50 21 5.7 +5.6
DEM WisdomTree Emerging Markets High Dividend Fund 0.4 63 8 18.9 +18.7
JIG JPMorgan International Growth ETF 0.3 55 16 4.6 +4.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 51 5.2 +5.0
VT Vanguard Total World Stock ETF 0.3 7 64 5.5 +5.4
VYMI Vanguard International High Dividend Yield ETF 0.3 22 49 9.8 +9.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 24 5.5 +5.3
ACWI iShares MSCI ACWI ETF 0.2 32 39 5.3 +5.2
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 26 3.6 +3.4
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 61 5.4 +5.3
RODE Hartford Multifactor Diversified International ETF 0.2 29 42 11.8 +11.7
PNQI Invesco NASDAQ Internet ETF 0.2 60 11 2.3 +2.2
DEW WisdomTree Global High Dividend Fund 0.2 58 13 8.5 +8.4
GLOF iShares Global Equity Factor ETF 0.2 20 51 7.0 +6.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 6 8.2 +8.0
IGRO iShares International Dividend Growth ETF 0.2 15 56 7.5 +7.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 56 4.6 +4.5
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 56 6.4 +6.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 32 4.1 +4.0
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 50 3.8 +3.7
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 62 4.8 +4.7

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 7.0 %
Divided by: Fwd. P/BV 8.5 x
Less: Expense ratio 71 bp
Equals: ALTAR Score 0.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.69 CATEGORY
AVERAGE		 1.48
 
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.