DGIN vs. ADVE

Last updated Jun 5, 2026

DGIN (VanEck Digital India ETF) and ADVE (Matthews Asia Dividend Active ETF) are both Asia Pacific Equities funds. DGIN is passively managed, while ADVE is actively managed. Over the past year, DGIN returned -17.11% vs 40.19% for ADVE. At a 0.45 correlation, their price movements are largely independent. 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 -16.15% return, which is significantly lower than ADVE's 21.11% return.

DGIN

• 1D: 1.56%
• 1M: 1.37%
• YTD: -16.15%
• 6M: -17.49%
• 1Y: -17.11%
• 3Y*: 5.31%
• 5Y*: —
• 10Y*: —

ADVE

• 1D: -0.32%
• 1M: 3.39%
• YTD: 21.11%
• 6M: 23.20%
• 1Y: 40.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DGIN vs. ADVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DGIN VanEck Digital India ETF	-16.15%	-6.00%	22.56%	9.31%
ADVE Matthews Asia Dividend Active ETF	21.11%	26.12%	7.02%	5.13%

Correlation

The correlation between DGIN and ADVE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Sep 25, 2023	0.45

DGIN vs. ADVE - Sectors Allocation Comparison

Sectors	DGIN	ADVE
Communication Services	29.9%	9.5%
Technology	23.0%	29.0%
Financial Services	21.1%	27.3%
Consumer Cyclical	16.8%	6.9%
Energy	7.9%	1.2%
Industrials	1.4%	13.6%
Healthcare	0.9%	1.1%
Basic Materials	-	3.4%
Consumer Defensive	-	2.9%
Real Estate	-	4.0%
Utilities	-	1.1%

Return for Risk

DGIN vs. ADVE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DGIN

DGIN Risk / Return Rank: 3
DGIN Sharpe Ratio Rank: 2
DGIN Sortino Ratio Rank: 2
DGIN Omega Ratio Rank: 2
DGIN Calmar Ratio Rank: 4
DGIN Martin Ratio Rank: 3

ADVE

ADVE Risk / Return Rank: 74
ADVE Sharpe Ratio Rank: 75
ADVE Sortino Ratio Rank: 76
ADVE Omega Ratio Rank: 77
ADVE Calmar Ratio Rank: 70
ADVE Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	DGIN	ADVE	Difference
Sharpe ratio: Return per unit of total volatility	-0.94	2.39	-3.33
Sortino ratio: Return per unit of downside risk	-1.29	3.36	-4.64
Omega ratio: Gain probability vs. loss probability	0.86	1.45	-0.60
Calmar ratio: Return relative to maximum drawdown	-0.56	3.44	-4.01
Martin ratio: Return relative to average drawdown	-1.22	13.66	-14.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGIN vs. ADVE - Sharpe Ratio Comparison

The current DGIN Sharpe Ratio is -0.94, which is lower than the ADVE Sharpe Ratio of 2.39. 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.

Sharpe Ratios by Period

	DGIN	ADVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.94	2.39	-3.33
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	1.43	-1.45

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	-30.49%	-11.73%	-18.76%
Max Drawdown (3Y) Largest decline over 3 years	-33.65%	—	—
Current Drawdown Current decline from peak	-24.87%	-0.95%	-23.92%
Average Drawdown Average peak-to-trough decline	-13.30%	-3.15%	-10.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.01%	2.95%	+11.06%

Volatility

DGIN vs. ADVE - Volatility Comparison

VanEck Digital India ETF (DGIN) has a higher volatility of 6.26% compared to Matthews Asia Dividend Active ETF (ADVE) at 5.87%. This indicates that DGIN's price experiences larger fluctuations and is considered to be riskier 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	6.26%	5.87%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	15.63%	14.43%	+1.20%
Volatility (1Y) Calculated over the trailing 1-year period	18.38%	16.89%	+1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.90%	15.67%	+3.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.90%	15.67%	+3.23%

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 2.27%, less than ADVE's 2.46% yield.

Position	TTM	2025	2024	2023	2022
ADVE Matthews Asia Dividend Active ETF	2.46%	2.97%	6.00%	0.37%	0.00%
DGIN VanEck Digital India ETF	2.27%	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 0.47, 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?

DGIN has higher volatility (6.26%) compared to ADVE (5.87%). 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 40.19% vs -17.11% for DGIN. On fees, DGIN is cheaper at 0.76% per year. On volatility, ADVE has been the lower-risk option at 5.87%. 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 40.19% return vs -17.11%. 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 2.46%, compared with 2.27% for DGIN.

What is the main difference between DGIN and ADVE?

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 (2.39 vs -0.94), 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.