DGIN vs. BKEM

Last updated Jun 5, 2026

DGIN (VanEck Digital India ETF) and BKEM (BNY Mellon Emerging Markets Equity ETF) are both Asia Pacific Equities funds - DGIN tracks the MVIS Digital India while BKEM tracks the Morningstar Emerging Markets Large Cap Index. Both are passively managed. Over the past 3 years, DGIN returned 5.31%/yr vs 23.65%/yr for BKEM. A 0.53 correlation means they provide meaningful diversification when combined. DGIN charges 0.76%/yr vs 0.11%/yr for BKEM.

Performance

DGIN vs. BKEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Digital India ETF (DGIN) and BNY Mellon Emerging Markets Equity ETF (BKEM). 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 BKEM's 28.54% return.

DGIN

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

BKEM

• 1D: -1.31%
• 1M: 5.40%
• YTD: 28.54%
• 6M: 30.76%
• 1Y: 52.98%
• 3Y*: 23.65%
• 5Y*: 7.09%
• 10Y*: —

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

DGIN vs. BKEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DGIN VanEck Digital India ETF	-16.15%	-6.00%	22.56%	30.30%	-21.84%
BKEM BNY Mellon Emerging Markets Equity ETF	28.54%	30.55%	7.53%	8.68%	-20.45%

Correlation

The correlation between DGIN and BKEM is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022	0.53

The correlation between DGIN and BKEM has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.

DGIN vs. BKEM - Sectors Allocation Comparison

Sectors	DGIN	BKEM
Communication Services	29.9%	6.6%
Technology	23.0%	35.9%
Financial Services	21.1%	18.9%
Consumer Cyclical	16.8%	9.7%
Energy	7.9%	4.0%
Industrials	1.4%	9.0%
Healthcare	0.9%	3.2%
Basic Materials	-	6.4%
Consumer Defensive	-	2.9%
Real Estate	-	1.2%
Utilities	-	2.3%

Return for Risk

DGIN vs. BKEM — 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

BKEM

BKEM Risk / Return Rank: 81
BKEM Sharpe Ratio Rank: 84
BKEM Sortino Ratio Rank: 81
BKEM Omega Ratio Rank: 81
BKEM Calmar Ratio Rank: 80
BKEM Martin Ratio Rank: 80

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. BKEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital India ETF (DGIN) and BNY Mellon Emerging Markets Equity ETF (BKEM). 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	BKEM	Difference
Sharpe ratio: Return per unit of total volatility	-0.94	2.73	-3.67
Sortino ratio: Return per unit of downside risk	-1.29	3.58	-4.87
Omega ratio: Gain probability vs. loss probability	0.86	1.48	-0.63
Calmar ratio: Return relative to maximum drawdown	-0.56	4.06	-4.62
Martin ratio: Return relative to average drawdown	-1.22	15.58	-16.81
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. BKEM - Sharpe Ratio Comparison

The current DGIN Sharpe Ratio is -0.94, which is lower than the BKEM Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of DGIN and BKEM, 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	BKEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.94	2.73	-3.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.74	-0.76

Drawdowns

DGIN vs. BKEM - Drawdown Comparison

The maximum DGIN drawdown since its inception was -33.65%, smaller than the maximum BKEM drawdown of -39.48%. Use the drawdown chart below to compare losses from any high point for DGIN and BKEM.

Drawdown Indicators

	DGIN	BKEM	Difference
Max Drawdown Largest peak-to-trough decline	-33.65%	-39.48%	+5.83%
Max Drawdown (1Y) Largest decline over 1 year	-30.49%	-13.11%	-17.38%
Max Drawdown (3Y) Largest decline over 3 years	-33.65%	-18.38%	-15.27%
Max Drawdown (5Y) Largest decline over 5 years	—	-36.53%	—
Current Drawdown Current decline from peak	-24.87%	-2.25%	-22.62%
Average Drawdown Average peak-to-trough decline	-13.30%	-15.99%	+2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.01%	3.41%	+10.60%

Volatility

DGIN vs. BKEM - Volatility Comparison

The current volatility for VanEck Digital India ETF (DGIN) is 6.26%, while BNY Mellon Emerging Markets Equity ETF (BKEM) has a volatility of 8.13%. This indicates that DGIN experiences smaller price fluctuations and is considered to be less risky than BKEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGIN	BKEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	8.13%	-1.87%
Volatility (6M) Calculated over the trailing 6-month period	15.63%	16.82%	-1.19%
Volatility (1Y) Calculated over the trailing 1-year period	18.38%	19.52%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.90%	18.73%	+0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.90%	19.12%	-0.22%

DGIN vs. BKEM - Expense Ratio Comparison

DGIN has a 0.76% expense ratio, which is higher than BKEM's 0.11% expense ratio.

Dividends

DGIN vs. BKEM - Dividend Comparison

DGIN's dividend yield for the trailing twelve months is around 2.27%, more than BKEM's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BKEM BNY Mellon Emerging Markets Equity ETF	1.47%	2.25%	2.76%	3.02%	3.15%	2.22%	1.78%
DGIN VanEck Digital India ETF	2.27%	1.90%	0.00%	0.24%	0.97%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DGIN and BKEM in my portfolio?

DGIN and BKEM have a correlation of 0.46, 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 BKEM?

BKEM has higher volatility (8.13%) compared to DGIN (6.26%). In terms of maximum drawdown, DGIN dropped -33.65% vs BKEM's -39.48%.

Which ETF is better, DGIN or BKEM?

On 3-year performance, BKEM leads with 23.65% vs 5.31% for DGIN. On fees, BKEM is cheaper at 0.11% per year. On volatility, DGIN has been the lower-risk option at 6.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGIN or BKEM?

Over the 3-year period, BKEM has performed better with a 23.65% return vs 5.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGIN or BKEM?

BKEM is cheaper with a 0.11% expense ratio, compared with 0.76% for DGIN.

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

DGIN has the higher dividend yield at 2.27%, compared with 1.47% for BKEM.

What is the main difference between DGIN and BKEM?

DGIN tracks MVIS Digital India, while BKEM tracks Morningstar Emerging Markets Large Cap Index. They also come from different issuers: VanEck and BNY Mellon. Their fees differ too: 0.76% for DGIN and 0.11% for BKEM.

Which has better risk-adjusted returns?

BKEM currently has the higher Sharpe Ratio (2.73 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.