DGIN vs. GSG
DGIN (VanEck Digital India ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - DGIN is a India Equities fund tracking the MVIS Digital India, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 3 years, DGIN returned 5.12%/yr vs 14.13%/yr for GSG. Their 0.00 correlation means their historical movements had little consistent relationship. DGIN charges 0.76%/yr vs 0.75%/yr for GSG.
Performance
DGIN vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, DGIN achieves a -11.08% return, which is significantly lower than GSG's 38.94% 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%
GSG
- 1D
- 0.28%
- 1M
- 12.94%
- 6M
- 25.75%
- YTD
- 38.94%
- 1Y
- 42.34%
- 3Y*
- 14.13%
- 5Y*
- 14.47%
- 10Y*
- 8.91%
- ALL TIME*
- -2.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $46.35K | $61.06K | $105.41K | |
| $16.60M | $17.31M | $26.52M |
DGIN vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DGIN VanEck Digital India ETF | -11.08% | -6.00% | 22.56% | 30.30% | -22.40% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 38.94% | 5.93% | 8.52% | -5.51% | 8.15% |
Correlation
The correlation between DGIN and GSG is -0.33, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.33 |
Correlation (3Y) Balances recent behavior with more history. | -0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022 | 0.00 |
The correlation between DGIN and GSG shifts across timeframes, from -0.33 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DGIN vs. GSG — Risk / Return Rank
DGIN
GSG
DGIN vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital India ETF (DGIN) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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 | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.29 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 2.16 | -2.51 |
| Martin ratioReturn relative to average drawdown | -0.72 | 6.99 | -7.70 |
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Drawdowns
DGIN vs. GSG - Drawdown Comparison
The maximum DGIN drawdown since its inception was -33.65%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for DGIN and GSG.
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Drawdown Indicators
| DGIN | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -89.62% | +55.97% |
Max Drawdown (1Y)Largest decline over 1 year | -28.59% | -18.81% | -9.78% |
Max Drawdown (3Y)Largest decline over 3 years | -33.65% | -18.81% | -14.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -20.32% | -58.05% | +37.73% |
Average DrawdownAverage peak-to-trough decline | -13.63% | -63.67% | +50.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.88% | 5.84% | +8.04% |
Volatility
DGIN vs. GSG - Volatility Comparison
The current volatility for VanEck Digital India ETF (DGIN) is 5.17%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 8.11%. This indicates that DGIN experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGIN | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 8.11% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 16.00% | 22.18% | -6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.03% | 24.23% | -5.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 22.86% | -3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 22.06% | -3.18% |
DGIN vs. GSG - Expense Ratio Comparison
DGIN has a 0.76% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
DGIN vs. GSG - Dividend Comparison
DGIN's dividend yield for the trailing twelve months is around 2.14%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DGIN VanEck Digital India ETF | 2.14% | 1.90% | 0.00% | 0.24% | 0.97% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DGIN and GSG have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (8.11%) compared to DGIN (5.17%). In terms of maximum drawdown, DGIN dropped -33.65% vs GSG's -89.62%.
On 3-year performance, GSG leads with 14.13% vs 5.12% for DGIN. On fees, GSG is cheaper at 0.75% 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.
Over the 3-year period, GSG has performed better with a 14.13% return vs 5.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSG is cheaper with a 0.75% expense ratio, compared with 0.76% for DGIN.
DGIN has the higher dividend yield at 2.14%, compared with 0.00% for GSG.
DGIN is categorized as India Equities, while GSG is Commodities. DGIN tracks MVIS Digital India, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.76% for DGIN and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.68 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.
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