VanEck Digital India ETF
ALTAR
Score™		 1.6% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 26.1x P/Sales
ratio		 2.4x
P/BV
ratio		 5.0x Div.
yield		 2.6%


  • 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) $14
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 31
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 12.3 %
ANGEL ONE LIMITED 9.2 %
RELIANCE INDS-SPONS GDR 144A 8.9 %
BHARTI AIRTEL LIMITED 8.6 %
HCL TECHNOLOGIES LTD 7.4 %
INFOSYS TECHNOLOGIES-SP ADR 6.5 %
TATA CONSULTANCY SVS LTD 6.0 %
ZOMATO LTD. 5.1 %
PB FINTECH LIMITED 4.7 %
TECH MAHINDRA LTD 4.6 %
Total 73.3 %

TOP COUNTRY EXPOSURE
INDIA 114.7 %










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 $31.80
30d moving avg. $32.91
Annualized volatility 15.4%
Short interest (ETF) 3.2%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.9%
Bid/Ask (% of price) 0.50%
ADV underlying (mns) $439

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 149 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
(%)
INQQ India Internet & Ecommerce ETF 17.2 86 -15 0.7 -1.0
GLIN VanEck India Growth Leaders ETF 16.9 77 -6 5.7 +4.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 11.8 86 -15 0.3 -1.3
INDY iShares India 50 ETF 10.9 89 -18 5.2 +3.6
FLIN Franklin FTSE India ETF 10.4 19 52 4.2 +2.6
INDA iShares MSCI India ETF 9.8 65 6 4.6 +3.0
PIN Invesco India ETF 9.1 78 -7 5.0 +3.4
NFTY First Trust India NIFTY 50 Equal Weight ETF 8.7 80 -9 4.9 +3.3
EPI WisdomTree India Earnings Fund 7.4 85 -14 5.2 +3.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 7.4 60 11 10.0 +8.4
INCO Columbia India Consumer ETF 7.2 75 -4 2.2 +0.6
MINV Matthews Asia Innovators Active ETF 6.9 79 -8 6.7 +5.1
CIBR First Trust NASDAQ Cybersecurity ETF 6.5 60 11 4.8 +3.2
CRAK VanEck Oil Refiners ETF 5.9 61 10 8.9 +7.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.7 60 11 6.5 +4.9
EMC Global X Emerging Markets Great Consumer ETF 5.5 75 -4 8.1 +6.5
NXTG First Trust Indxx NextG ETF 5.4 70 1 4.7 +3.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.9 25 46 6.8 +5.1
XC WisdomTree Emerging Markets Ex-China Fund 4.8 32 39 6.4 +4.8
ROAM Hartford Multifactor Emerging Markets ETF 4.3 44 27 8.4 +6.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 4.2 86 -15 12.4 +10.8
GMF SPDR S&P Emerging Asia Pacific ETF 4.2 49 22 9.5 +7.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.1 24 47 6.2 +4.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.8 30 41 8.4 +6.8
SMIN iShares MSCI India Small Cap ETF 3.7 79 -8 3.7 +2.1
RNEM First Trust Emerging Markets Equity Select ETF 3.6 75 -4 8.0 +6.4
SPEM SPDR Portfolio Emerging Markets ETF 3.2 7 64 10.0 +8.4
XCEM Columbia EM Core ex-China ETF 3.2 16 55 5.7 +4.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 3.2 60 11 9.8 +8.2
NUEM Nuveen ESG Emerging Markets Equity ETF 3.1 36 35 6.6 +5.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.1 40 31 6.9 +5.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.0 78 -7 10.3 +8.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.0 65 6 8.0 +6.4
BKF iShares MSCI BIC ETF 3.0 69 2 14.1 +12.4
DEHP Dimensional Emerging Markets High Profitability ETF 3.0 41 30 5.5 +3.9
EMMF WisdomTree Emerging Markets Multifactor Fund 2.9 48 23 9.4 +7.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 2.8 53 18 5.9 +4.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.8 20 51 9.3 +7.7
ECON Columbia Emerging Markets Consumer ETF 2.8 49 22 7.7 +6.1
MEM Matthews Emerging Markets Equity Active ETF 2.7 79 -8 9.6 +7.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.7 32 39 8.3 +6.7
XCNY SPDR S&P Emerging Markets ex-China ETF 2.5 15 56 6.2 +4.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 2.5 88 -17 8.8 +7.2
VEXC Vanguard Emerging Markets Ex-China ETF 2.4 7 64 6.3 +4.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.3 15 56 9.8 +8.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.2 47 24 5.0 +3.4
GNR SPDR S&P Global Natural Resources ETF 2.0 40 31 8.0 +6.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.0 45 26 9.0 +7.4
JHEM John Hancock Multifactor Emerging Markets ETF 2.0 49 22 8.3 +6.7
EEMO Invesco S&P Emerging Markets Momentum ETF 2.0 29 42 8.2 +6.6
FLAX Franklin FTSE Asia Ex Japan ETF 1.9 19 52 8.1 +6.5
PID Invesco International Dividend Achievers ETF 1.9 53 18 4.1 +2.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.9 35 36 12.0 +10.4
DFAE Dimensional Emerging Core Equity Market ETF 1.9 35 36 7.7 +6.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.9 33 38 7.0 +5.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.8 41 30 7.5 +5.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.8 32 39 5.5 +3.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.8 15 56 8.9 +7.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.8 38 33 7.7 +6.1
CGXU Capital Group International Focus Equity ETF 1.7 54 17 4.3 +2.7
AVSE Avantis Responsible Emerging Markets Equity ETF 1.7 33 38 7.5 +5.9
EMXC iShares MSCI Emerging Markets ex China ETF 1.7 25 46 5.9 +4.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.7 95 -24 11.0 +9.4
EEMA iShares MSCI Emerging Markets Asia ETF 1.7 49 22 8.7 +7.0
AVEM Avantis Emerging Markets Equity ETF 1.7 33 38 7.8 +6.2
ACWV iShares MSCI Global Min Vol Factor ETF 1.7 20 51 5.7 +4.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.7 50 21 9.1 +7.4
BKEM BNY Mellon Emerging Markets Equity ETF 1.7 11 60 8.8 +7.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.6 36 35 8.5 +6.9
TTAI FCF International Quality ETF 1.6 59 12 6.6 +5.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.6 66 5 8.0 +6.4
VWO Vanguard FTSE Emerging Markets ETF 1.6 7 64 9.7 +8.1
DSTX Distillate International Fundamental Stability & Value ETF 1.6 55 16 6.7 +5.1
SCHY Schwab International Dividend Equity ETF 1.5 14 57 8.3 +6.7
STXE Strive Emerging Markets Ex-China ETF 1.5 32 39 6.2 +4.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.5 70 1 7.9 +6.3
AVES Avantis Emerging Markets Value ETF 1.4 36 35 9.5 +7.9
DEM WisdomTree Emerging Markets High Dividend Fund 1.4 63 8 11.1 +9.5
SCHE Schwab Emerging Markets Equity ETF 1.4 11 60 10.0 +8.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.3 30 41 9.0 +7.4
EMXF iShares ESG Advanced MSCI EM ETF 1.3 16 55 7.6 +6.0
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.3 75 -4 7.1 +5.5
EEM iShares MSCI Emerging Markets ETF 1.3 69 2 8.8 +7.1
CBSE Clough Select Equity ETF 1.3 85 -14 0.5 -1.1
AWAY ETFMG Travel Tech ETF 1.3 76 -5 1.2 -0.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.3 75 -4 2.5 +0.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.3 33 38 7.5 +5.9
EMGF iShares Emerging Markets Equity Factor ETF 1.2 25 46 10.0 +8.4
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 62 9.0 +7.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.2 47 24 7.8 +6.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.2 59 12 9.3 +7.7
JADE JPMorgan Active Developing Markets Equity ETF 1.2 65 6 6.7 +5.1
IPAV Global X Infrastructure Development ex-U.S. ETF 1.1 55 16 6.0 +4.4
KNCT Invesco Next Gen Connectivity ETF 1.0 40 31 4.0 +2.4
JETS U.S. Global Jets ETF 1.0 60 11 2.8 +1.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.0 44 27 9.6 +7.9
QTUM Defiance Quantum ETF 1.0 40 31 4.9 +3.3
ESGE iShares ESG Aware MSCI EM ETF 1.0 25 46 9.2 +7.6
HAP VanEck Natural Resources ETF 1.0 50 21 6.5 +4.9
DGT State Street SPDR Global Dow ETF 1.0 50 21 6.0 +4.4
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.9 42 29 8.1 +6.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.9 58 13 8.8 +7.2
AFK VanEck Africa Index ETF 0.9 98 -27 11.1 +9.4
FVD First Trust Value Line Dividend Index Fund 0.9 65 6 5.7 +4.1
CWI SPDR MSCI ACWI ex-US ETF 0.8 30 41 6.8 +5.2
DFEV Dimensional Emerging Markets Value ETF 0.8 43 28 10.6 +9.0
FDEM Fidelity Emerging Markets Multifactor ETF 0.8 25 46 11.3 +9.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.8 70 1 6.8 +5.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.7 39 32 14.2 +12.6
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 22 14.0 +12.4
KOCG FIS Knights of Columbus Global Belief ETF 0.7 75 -4 4.4 +2.7
CGGO Capital Group Global Growth Equity ETF 0.7 47 24 4.6 +3.0
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 24 8.0 +6.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.6 45 26 9.8 +8.2
LDEM iShares ESG MSCI EM Leaders ETF 0.5 17 54 12.8 +11.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 53 6.7 +5.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 4 67 7.1 +5.5
IBUY Amplify Online Retail ETF 0.5 65 6 2.4 +0.8
UMMA Wahed Dow Jones Islamic World ETF 0.5 65 6 4.1 +2.5
APIE ActivePassive International Equity ETF 0.5 45 26 6.7 +5.1
VXUS Vanguard Total International Stock ETF 0.4 5 66 7.0 +5.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 30 6.4 +4.8
VSGX Vanguard ESG International Stock ETF 0.4 10 61 7.1 +5.5
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 64 6.9 +5.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 37 6.7 +5.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 42 8.7 +7.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 41 6.7 +5.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 62 5.2 +3.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 8 63 6.5 +4.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 59 4.8 +3.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 6 7.0 +5.4
AQLT iShares MSCI Global Quality Factor ETF 0.3 18 53 0.0 -1.6
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 61 5.4 +3.8
VT Vanguard Total World Stock ETF 0.2 6 65 5.4 +3.8
PNQI Invesco NASDAQ Internet ETF 0.2 60 11 3.9 +2.3
VYMI Vanguard International High Dividend Yield ETF 0.2 17 54 8.2 +6.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 51 5.1 +3.5
ACWI iShares MSCI ACWI ETF 0.2 32 39 5.1 +3.4
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 61 6.2 +4.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 29 4.3 +2.7
IGRO iShares International Dividend Growth ETF 0.1 15 56 6.9 +5.3
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 56 5.3 +3.7
DEW WisdomTree Global High Dividend Fund 0.1 58 13 7.4 +5.8
GLOF iShares Global Equity Factor ETF 0.1 20 51 6.0 +4.4
FBCG Fidelity Blue Chip Growth ETF 0.1 59 12 2.5 +0.9
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.0 50 21 5.7 +4.0
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 50 3.3 +1.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 32 2.5 +0.9
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 62 4.6 +3.0

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 11.2 %
Divided by: Fwd. P/BV 4.8 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		 1.68 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.