DGIN vs. IND

Last updated Jul 14, 2026

DGIN (VanEck Digital India ETF) and IND (Xtrackers Nifty 500 India ETF) are both India Equities funds - DGIN tracks the MVIS Digital India while IND tracks the Nifty 500 Index. Both are passively managed. A 0.72 correlation means they provide meaningful diversification when combined. DGIN charges 0.76%/yr vs 0.19%/yr for IND.

Performance

DGIN vs. IND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Digital India ETF (DGIN) and Xtrackers Nifty 500 India ETF (IND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGIN achieves a -12.73% return, which is significantly lower than IND's -8.13% return.

DGIN

• 1D: -1.39%
• 1M: 4.73%
• 6M: -11.50%
• YTD: -12.73%
• 1Y: -15.71%
• 3Y*: 4.14%
• 5Y*: —
• 10Y*: —

IND

• 1D: -0.09%
• 1M: 2.98%
• 6M: -6.90%
• YTD: -8.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DGIN vs. IND - Yearly Performance Comparison

	2026 (YTD)	2025
DGIN VanEck Digital India ETF	-12.73%	-0.80%
IND Xtrackers Nifty 500 India ETF	-8.13%	-0.34%

Correlation

The correlation between DGIN and IND is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.72

Return for Risk

DGIN vs. IND — 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: 3
DGIN Sortino Ratio Rank: 3
DGIN Omega Ratio Rank: 3
DGIN Calmar Ratio Rank: 5
DGIN Martin Ratio Rank: 4

IND

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. IND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital India ETF (DGIN) and Xtrackers Nifty 500 India ETF (IND). 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	IND	Difference
Sharpe ratio: Return per unit of total volatility	-0.84	—	—
Sortino ratio: Return per unit of downside risk	-1.13	—	—
Omega ratio: Gain probability vs. loss probability	0.87	—	—
Calmar ratio: Return relative to maximum drawdown	-0.54	—	—
Martin ratio: Return relative to average drawdown	-1.12	—	—

Drawdowns

DGIN vs. IND - Drawdown Comparison

The maximum DGIN drawdown since its inception was -33.65%, which is greater than IND's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for DGIN and IND.

Drawdown Indicators

	DGIN	IND	Difference
Max Drawdown Largest peak-to-trough decline	-33.65%	-18.75%	-14.90%
Max Drawdown (1Y) Largest decline over 1 year	-29.10%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.65%	—	—
Current Drawdown Current decline from peak	-21.80%	-9.32%	-12.48%
Average Drawdown Average peak-to-trough decline	-13.53%	-7.86%	-5.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.99%	—	—

Volatility

Volatility by Period

	DGIN	IND	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.90%	19.29%	-0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	19.29%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.88%	19.29%	-0.41%

DGIN vs. IND - Expense Ratio Comparison

DGIN has a 0.76% expense ratio, which is higher than IND's 0.19% expense ratio.

Dividends

DGIN vs. IND - Dividend Comparison

DGIN's dividend yield for the trailing twelve months is around 2.18%, more than IND's 0.34% yield.

Position	TTM	2025	2024	2023	2022
DGIN VanEck Digital India ETF	2.18%	1.90%	0.00%	0.24%	0.97%
IND Xtrackers Nifty 500 India ETF	0.34%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DGIN and IND in my portfolio?

DGIN and IND have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DGIN or IND?

On fees, IND is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DGIN or IND?

IND is cheaper with a 0.19% expense ratio, compared with 0.76% for DGIN.

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

DGIN has the higher dividend yield at 2.18%, compared with 0.34% for IND.

What is the main difference between DGIN and IND?

DGIN tracks MVIS Digital India, while IND tracks Nifty 500 Index. They also come from different issuers: VanEck and Xtrackers. Their fees differ too: 0.76% for DGIN and 0.19% for IND.