VanEck Digital India ETF
ALTAR
Score™		 1.3% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 30.6x P/Sales
ratio		 2.9x
P/BV
ratio		 5.8x 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) $16
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 34
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
ANGEL ONE LIMITED 19.7 %
BHARTI AIRTEL LIMITED 8.1 %
RELIANCE INDS-SPONS GDR 144A 7.7 %
ZOMATO LTD. 7.7 %
PB FINTECH LIMITED 6.8 %
INFO EDGE INDIA LTD. 6.5 %
JIO FINANCIAL SERVICES LTD 6.2 %
FSN E-COMMERCE VENTURES LTD. 5.2 %
DIXON TECHNOLOGIES (INDIA) LTD. 5.1 %
ONE 97 COMMUNICATIONS LTD 5.1 %
Total 78.2 %

TOP COUNTRY EXPOSURE
INDIA 95.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.1% -9.9% -- -- 1.0%

Market Correlations
versus... Beta R-squared
S&P500 0.77 27%
MSCI EAFE 0.65 29%
MSCI Emg. Mkts. 0.38 24%

Technical Indicators
Recent close $37.32
30d moving avg. $35.56
Annualized volatility 15.4%
Short interest (ETF) 3.2%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.5%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $439

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 118 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™: 1.3%


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 17.1 75 -4 4.9 +3.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 12.1 86 -15 0.2 -1.1
INDY iShares India 50 ETF 7.1 89 -18 5.1 +3.8
CRAK VanEck Oil Refiners ETF 7.1 61 10 8.2 +6.9
PIN Invesco India ETF 6.7 78 -7 5.4 +4.1
INDA iShares MSCI India ETF 6.6 65 6 4.4 +3.1
INCO Columbia India Consumer ETF 6.6 75 -4 2.0 +0.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 6.1 60 11 8.7 +7.4
GLIN VanEck India Growth Leaders ETF 5.7 77 -6 5.3 +4.0
FLIN Franklin FTSE India ETF 5.1 19 52 4.0 +2.7
EMC Global X Emerging Markets Great Consumer ETF 4.0 75 -4 7.1 +5.8
NFTY First Trust India NIFTY 50 Equal Weight ETF 3.8 80 -9 4.8 +3.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 3.6 86 -15 12.3 +11.0
CBSE Clough Select Equity ETF 2.7 85 -14 0.4 -1.0
AWAY ETFMG Travel Tech ETF 2.7 76 -5 0.9 -0.5
XC WisdomTree Emerging Markets Ex-China Fund 2.3 32 39 6.3 +5.0
GMF SPDR S&P Emerging Asia Pacific ETF 2.3 49 22 8.5 +7.2
BKF iShares MSCI BIC ETF 2.1 69 2 14.4 +13.0
EPI WisdomTree India Earnings Fund 1.9 85 -14 5.0 +3.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.8 47 24 5.0 +3.6
SPEM SPDR Portfolio Emerging Markets ETF 1.7 7 64 9.4 +8.0
GNR SPDR S&P Global Natural Resources ETF 1.6 40 31 8.4 +7.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.5 25 46 6.0 +4.7
XCNY SPDR S&P Emerging Markets ex-China ETF 1.4 15 56 5.6 +4.3
RNEM First Trust Emerging Markets Equity Select ETF 1.4 75 -4 7.7 +6.4
VEXC Vanguard Emerging Markets Ex-China ETF 1.4 7 64 5.6 +4.3
DEHP Dimensional Emerging Markets High Profitability ETF 1.3 41 30 4.8 +3.5
ECON Columbia Emerging Markets Consumer ETF 1.3 49 22 6.6 +5.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.3 53 18 5.1 +3.8
SMIN iShares MSCI India Small Cap ETF 1.2 79 -8 3.2 +1.9
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.2 75 -4 6.3 +5.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.2 40 31 6.2 +4.8
CGXU Capital Group International Focus Equity ETF 1.1 54 17 3.7 +2.4
STXE Strive Emerging Markets Ex-China ETF 1.1 32 39 5.2 +3.9
AFK VanEck Africa Index ETF 1.0 98 -27 11.2 +9.9
DFAE Dimensional Emerging Core Equity Market ETF 1.0 35 36 7.0 +5.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.0 75 -4 1.8 +0.5
EEMA iShares MSCI Emerging Markets Asia ETF 1.0 49 22 7.5 +6.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.0 24 47 5.2 +3.9
EMXC iShares MSCI Emerging Markets ex China ETF 1.0 25 46 5.1 +3.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 39 7.5 +6.1
VWO Vanguard FTSE Emerging Markets ETF 0.9 7 64 9.0 +7.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.9 38 33 7.0 +5.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.9 15 56 8.8 +7.5
HAP VanEck Natural Resources ETF 0.9 50 21 6.7 +5.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.9 49 22 7.5 +6.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.9 30 41 7.5 +6.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.9 19 52 7.1 +5.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.8 15 56 8.0 +6.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.8 70 1 6.9 +5.6
JADE JPMorgan Active Developing Markets Equity ETF 0.8 65 6 5.9 +4.6
ACWV iShares MSCI Global Min Vol Factor ETF 0.8 20 51 5.6 +4.3
IPAV Global X Infrastructure Development ex-U.S. ETF 0.8 55 16 5.8 +4.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.8 41 30 6.9 +5.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.8 30 41 7.9 +6.6
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.7 69 2 7.6 +6.2
EEM iShares MSCI Emerging Markets ETF 0.7 69 2 7.8 +6.5
SCHE Schwab Emerging Markets Equity ETF 0.7 11 60 9.3 +7.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.7 36 35 7.5 +6.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.7 11 60 24.0 +22.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.7 66 5 7.3 +6.0
IBUY Amplify Online Retail ETF 0.7 65 6 2.1 +0.7
IEMG iShares Core MSCI Emerging Markets ETF 0.7 9 62 8.2 +6.9
KNCT Invesco Next Gen Connectivity ETF 0.6 40 31 2.9 +1.6
CGGO Capital Group Global Growth Equity ETF 0.6 47 24 3.9 +2.6
XCEM Columbia EM Core ex-China ETF 0.6 16 55 5.0 +3.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.6 33 38 6.1 +4.8
EMMF WisdomTree Emerging Markets Multifactor Fund 0.6 48 23 8.6 +7.2
MINV Matthews Asia Innovators Active ETF 0.6 79 -8 5.5 +4.2
JETS U.S. Global Jets ETF 0.6 60 11 2.1 +0.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.6 33 38 6.7 +5.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 12 8.5 +7.2
NXTG First Trust Indxx NextG ETF 0.6 70 1 3.5 +2.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.6 45 26 8.0 +6.7
AVEM Avantis Emerging Markets Equity ETF 0.5 33 38 7.0 +5.7
DFEV Dimensional Emerging Markets Value ETF 0.5 43 28 9.4 +8.1
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 41 6.3 +5.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.4 32 39 4.7 +3.4
ROAM Hartford Multifactor Emerging Markets ETF 0.4 44 27 7.5 +6.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 36 9.9 +8.6
EMXF iShares ESG Advanced MSCI EM ETF 0.3 16 55 6.6 +5.2
VSGX Vanguard ESG International Stock ETF 0.3 10 61 6.4 +5.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.3 50 21 8.2 +6.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 32 13.3 +12.0
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 46 8.9 +7.6
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.3 42 29 7.8 +6.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.3 88 -17 8.4 +7.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 53 6.2 +4.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.3 58 13 8.5 +7.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.3 70 1 6.6 +5.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 67 6.5 +5.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 37 6.2 +4.9
AVES Avantis Emerging Markets Value ETF 0.3 36 35 9.0 +7.7
VXUS Vanguard Total International Stock ETF 0.2 5 66 6.5 +5.2
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 64 6.4 +5.1
AVSE Avantis Responsible Emerging Markets Equity ETF 0.2 33 38 6.6 +5.3
ESGE iShares ESG Aware MSCI EM ETF 0.2 25 46 8.2 +6.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 41 6.3 +5.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 62 4.7 +3.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 6 6.7 +5.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 22 13.1 +11.8
NUEM Nuveen ESG Emerging Markets Equity ETF 0.2 36 35 5.9 +4.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 30 5.8 +4.5
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 54 12.5 +11.2
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 61 4.8 +3.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 51 4.6 +3.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.1 44 27 9.3 +7.9
PNQI Invesco NASDAQ Internet ETF 0.1 60 11 3.7 +2.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 63 6.3 +5.0
VT Vanguard Total World Stock ETF 0.1 6 65 4.9 +3.6
ACWI iShares MSCI ACWI ETF 0.1 32 39 4.5 +3.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 59 4.3 +3.0
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 56 4.7 +3.4
DGT State Street SPDR Global Dow ETF 0.0 50 21 5.5 +4.2
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 53 0.0 -1.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 29 4.0 +2.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 50 2.9 +1.5
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 62 4.0 +2.7

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

  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 5.5 x
Less: Expense ratio 71 bp
Equals: ALTAR Score 1.3 %
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.