DGIN
VanEck Digital India ETF
DGIN tracks the MVIS Digital India Index, which is consists of companies involved in supporting the digitization of the Indian economy.
Fund Basics
Fund sponsor | VanEck |
Category | Emerging Market Equities |
Asset class | Equity |
Website | link... |
Inception date | Feb 15, 2022 |
Assets (mns) | $24 |
Expense ratio | 71 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
RELIANCE INDS-SPONS GDR 144A | 7.6 % |
PERSISTENT SYSTEMS LIMITED | 7.3 % |
BHARTI AIRTEL LIMITED | 6.9 % |
INFOSYS TECHNOLOGIES-SP ADR | 6.9 % |
TATA CONSULTANCY SVS LTD | 6.4 % |
ZOMATO LTD. | 6.3 % |
HCL TECHNOLOGIES LTD | 5.2 % |
WIPRO LTD-ADR | 4.2 % |
TECH MAHINDRA LTD | 4.1 % |
LARSEN & TOUBRO INFOTECH LTD | 3.4 % |
Constituent Breakdown
Number of holdings | 44 |
Herfindahl-Hirschman Index | 933 |
Wgt avg mkt cap (mns) | $50,648 |
Large cap (>$10bn) | 57.8% |
Mid cap ($2-10bn) | 37.9% |
Small cap (<$2bn) | 4.4% |
Developed mkts. | 0.0% |
Emerging mkts. | 100.0% |
Country Exposure
INDIA | 91.4 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
8.2% | 41.1% | 3.6% | -- | -- | -- | 5.9% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.72 | 67% |
MSCI EAFE | 0.60 | 45% |
MSCI Emg Mkts | 0.44 | 26% |
Liquidity Measures
Avg. volume (000) | 11 |
Turnover | 1.7% |
Avg. Bid/Ask (% of price) | 0.33% |
ADV of underlying (mns) | $888 |
Technical Indicators
Recent close | $37.62 |
30d moving avg. | $34.13 |
Annualized volatility | 17.1% |
Relative strength (RSI) | 80 |
Short interest (ETF) | 1.6% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. DGIN |
Expenses vs. DGIN |
ALTAR Score™ vs. DGIN |
---|---|---|---|---|
GLIN | VanEck India Growth Leaders ETF | 24.8% | +6 bp | +3.7% |
NDIA | Global X India Active ETF | 24.1% | +4 bp | +4.9% |
INQQ | India Internet & Ecommerce ETF | 17.4% | +15 bp | +9.2% |
FLIN | Franklin FTSE India ETF | 11.4% | -52 bp | +3.6% |
FMQQ | FMQQ The Next Frontier Internet & Ecommerce ETF | 10.8% | +15 bp | +0.3% |
PIN | Invesco India ETF | 10.7% | +7 bp | +2.2% |
INDA | iShares MSCI India ETF | 10.5% | -6 bp | +2.1% |
INDY | iShares India 50 ETF | 10.2% | +18 bp | +2.1% |
Risk and Returns: DGIN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 4/24/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DGIN
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
DGIN
1.6%
Cat. Avg
7.7%
Fund Category: Emerging Market Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 1.6% |
Recommendation
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 be less relevant.
Category Overview
There are 163 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.7% and a standard deviation of
3.8%. DGIN's ALTAR Score™ is approximately
1.6 standard deviations
below
the category average. This places DGIN in the 5th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DGIN
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
DGIN | 71.0 | 32.6 | 103.6 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .