DGIN vs. ADVE

Last updated Aug 2, 2026

DGIN (VanEck Digital India ETF) and ADVE (Matthews Asia Dividend Active ETF) are both exchange-traded funds - DGIN is a India Equities fund tracking the MVIS Digital India, while ADVE is a Asia Pacific Equities fund actively managed by Matthews. DGIN is passively managed, while ADVE is actively managed. Over the past year, DGIN returned -9.60% vs 31.66% for ADVE. Their 0.43 correlation means their historical movements had little consistent relationship. DGIN charges 0.76%/yr vs 0.79%/yr for ADVE.

Performance

DGIN vs. ADVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Digital India ETF (DGIN) and Matthews Asia Dividend Active ETF (ADVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGIN achieves a -11.08% return, which is significantly lower than ADVE's 16.97% return.

DGIN

• 1D: 0.08%
• 1M: 2.25%
• 6M: -4.98%
• YTD: -11.08%
• 1Y: -9.60%
• 3Y*: 5.12%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 0.79%

ADVE

• 1D: -0.99%
• 1M: 1.67%
• 6M: 9.15%
• YTD: 16.97%
• 1Y: 31.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ADVE Matthews Asia Dividend Active ETF	$23.63K	$20.43K	$28.96K
DGIN VanEck Digital India ETF	$46.35K	$61.06K	$105.41K

DGIN vs. ADVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DGIN VanEck Digital India ETF	-11.08%	-6.00%	22.56%	9.64%
ADVE Matthews Asia Dividend Active ETF	16.97%	26.12%	7.02%	4.58%

Correlation

The correlation between DGIN and ADVE is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023	0.43

DGIN vs. ADVE - Sectors Allocation Comparison

Sectors	DGIN	ADVE
Communication Services	28.1%	10.7%
Financial Services	22.3%	28.9%
Technology	20.6%	30.8%
Consumer Cyclical	20.0%	5.9%
Energy	8.1%	0.8%
Industrials	1.0%	11.5%
Healthcare	0.9%	1.0%
Basic Materials	-	3.8%
Consumer Defensive	-	2.6%
Real Estate	-	3.2%
Utilities	-	1.0%

Return for Risk

DGIN vs. ADVE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DGIN

DGIN Risk / Return Rank: 5
DGIN Sharpe Ratio Rank: 5
DGIN Sortino Ratio Rank: 5
DGIN Omega Ratio Rank: 5
DGIN Calmar Ratio Rank: 7
DGIN Martin Ratio Rank: 6

ADVE

ADVE Risk / Return Rank: 71
ADVE Sharpe Ratio Rank: 68
ADVE Sortino Ratio Rank: 67
ADVE Omega Ratio Rank: 72
ADVE Calmar Ratio Rank: 75
ADVE Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DGIN vs. ADVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital India ETF (DGIN) and Matthews Asia Dividend Active ETF (ADVE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DGIN	ADVE	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	1.57	-2.09
Sortino ratio: Return per unit of downside risk	-0.64	2.22	-2.86
Omega ratio: Gain probability vs. loss probability	0.93	1.30	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.35	2.63	-2.97
Martin ratio: Return relative to average drawdown	-0.72	8.94	-9.65

DGIN vs. ADVE - Sharpe Ratio Comparison

The current DGIN Sharpe Ratio is -0.52, which is lower than the ADVE Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of DGIN and ADVE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DGIN vs. ADVE - Drawdown Comparison

The maximum DGIN drawdown since its inception was -33.65%, which is greater than ADVE's maximum drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for DGIN and ADVE.

Drawdown Indicators

	DGIN	ADVE	Difference
Max Drawdown Largest peak-to-trough decline	-33.65%	-18.41%	-15.24%
Max Drawdown (1Y) Largest decline over 1 year	-28.59%	-11.73%	-16.86%
Max Drawdown (3Y) Largest decline over 3 years	-33.65%	—	—
Current Drawdown Current decline from peak	-20.32%	-4.34%	-15.98%
Average Drawdown Average peak-to-trough decline	-13.63%	-3.24%	-10.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.88%	3.44%	+10.44%

Volatility

DGIN vs. ADVE - Volatility Comparison

The current volatility for VanEck Digital India ETF (DGIN) is 5.17%, while Matthews Asia Dividend Active ETF (ADVE) has a volatility of 6.53%. This indicates that DGIN experiences smaller price fluctuations and is considered to be less risky than ADVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGIN	ADVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.17%	6.53%	-1.36%
Volatility (6M) Calculated over the trailing 6-month period	16.00%	17.43%	-1.43%
Volatility (1Y) Calculated over the trailing 1-year period	19.03%	19.66%	-0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	16.51%	+2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.88%	16.51%	+2.37%

DGIN vs. ADVE - Expense Ratio Comparison

DGIN has a 0.76% expense ratio, which is lower than ADVE's 0.79% expense ratio.

Dividends

DGIN vs. ADVE - Dividend Comparison

DGIN's dividend yield for the trailing twelve months is around 2.14%, less than ADVE's 2.20% yield.

Position	TTM	2025	2024	2023	2022
ADVE Matthews Asia Dividend Active ETF	2.20%	2.97%	6.00%	0.37%	0.00%
DGIN VanEck Digital India ETF	2.14%	1.90%	0.00%	0.24%	0.97%

Frequently Asked Questions

Can I hold both DGIN and ADVE in my portfolio?

DGIN and ADVE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGIN or ADVE?

ADVE has higher volatility (6.53%) compared to DGIN (5.17%). In terms of maximum drawdown, DGIN dropped -33.65% vs ADVE's -18.41%.

Which ETF is better, DGIN or ADVE?

On 1-year performance, ADVE leads with 31.66% vs -9.60% for DGIN. On fees, DGIN is cheaper at 0.76% per year. On volatility, DGIN has been the lower-risk option at 5.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGIN or ADVE?

Over the 1-year period, ADVE has performed better with a 31.66% return vs -9.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGIN or ADVE?

DGIN is cheaper with a 0.76% expense ratio, compared with 0.79% for ADVE.

Which ETF pays a higher dividend yield, DGIN or ADVE?

ADVE has the higher dividend yield at 2.20%, compared with 2.14% for DGIN.

What is the main difference between DGIN and ADVE?

DGIN is categorized as India Equities, while ADVE is Asia Pacific Equities. They also come from different issuers: VanEck and Matthews. Their fees differ too: 0.76% for DGIN and 0.79% for ADVE.

Which has better risk-adjusted returns?

ADVE currently has the higher Sharpe Ratio (1.57 vs -0.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.