DGIN vs. INDH

Last updated Apr 1, 2026

Compare and contrast key facts about VanEck Digital India ETF (DGIN) and WisdomTree India Hedged Equity Fund (INDH).

DGIN and INDH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DGIN is a passively managed fund by VanEck that tracks the performance of the MVIS Digital India. It was launched on Feb 15, 2022. INDH is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree India Hedged Equity Index. It was launched on May 7, 2024. Both DGIN and INDH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DGIN vs. INDH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Digital India ETF (DGIN) and WisdomTree India Hedged Equity Fund (INDH). The values are adjusted to include any dividend payments, if applicable.

DGIN vs. INDH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DGIN VanEck Digital India ETF	-23.54%	-6.00%	19.73%
INDH WisdomTree India Hedged Equity Fund	-10.24%	6.76%	5.05%

Returns By Period

In the year-to-date period, DGIN achieves a -23.54% return, which is significantly lower than INDH's -10.24% return.

DGIN

• 1D: 3.25%
• 1M: -9.96%
• YTD: -23.54%
• 6M: -20.15%
• 1Y: -18.24%
• 3Y*: 4.72%
• 5Y*: —
• 10Y*: —

INDH

• 1D: 2.18%
• 1M: -7.60%
• YTD: -10.24%
• 6M: -5.51%
• 1Y: -1.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DGIN vs. INDH - Expense Ratio Comparison

DGIN has a 0.76% expense ratio, which is higher than INDH's 0.64% expense ratio.

DGIN

VanEck Digital India ETF

INDH

WisdomTree India Hedged Equity Fund

Return for Risk

DGIN vs. INDH — Risk / Return Rank

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

DGIN

DGIN Risk / Return Rank: 1
DGIN Sharpe Ratio Rank: 1
DGIN Sortino Ratio Rank: 1
DGIN Omega Ratio Rank: 1
DGIN Calmar Ratio Rank: 3
DGIN Martin Ratio Rank: 1

INDH

INDH Risk / Return Rank: 8
INDH Sharpe Ratio Rank: 9
INDH Sortino Ratio Rank: 8
INDH Omega Ratio Rank: 8
INDH Calmar Ratio Rank: 9
INDH Martin Ratio Rank: 6

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. INDH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital India ETF (DGIN) and WisdomTree India Hedged Equity Fund (INDH). 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	INDH	Difference
Sharpe ratio Return per unit of total volatility	-0.90	-0.14	-0.76
Sortino ratio Return per unit of downside risk	-1.22	-0.10	-1.12
Omega ratio Gain probability vs. loss probability	0.86	0.99	-0.13
Calmar ratio Return relative to maximum drawdown	-0.59	-0.18	-0.41
Martin ratio Return relative to average drawdown	-1.77	-0.69	-1.09
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. INDH - Sharpe Ratio Comparison

The current DGIN Sharpe Ratio is -0.90, which is lower than the INDH Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of DGIN and INDH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DGIN	INDH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.90	-0.14	-0.76
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	0.02	-0.16

Correlation

The correlation between DGIN and INDH is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DGIN vs. INDH - Dividend Comparison

DGIN's dividend yield for the trailing twelve months is around 2.49%, less than INDH's 5.85% yield.

	TTM	2025	2024	2023	2022
DGIN VanEck Digital India ETF	2.49%	1.90%	0.00%	0.24%	0.97%
INDH WisdomTree India Hedged Equity Fund	5.85%	5.25%	0.31%	0.00%	0.00%

Drawdowns

DGIN vs. INDH - Drawdown Comparison

The maximum DGIN drawdown since its inception was -33.65%, which is greater than INDH's maximum drawdown of -15.05%. Use the drawdown chart below to compare losses from any high point for DGIN and INDH.

Drawdown Indicators

	DGIN	INDH	Difference
Max Drawdown Largest peak-to-trough decline	-33.65%	-15.05%	-18.60%
Max Drawdown (1Y) Largest decline over 1 year	-30.49%	-12.94%	-17.55%
Current Drawdown Current decline from peak	-31.49%	-12.24%	-19.25%
Average Drawdown Average peak-to-trough decline	-12.72%	-5.36%	-7.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.17%	3.40%	+6.77%

Volatility

DGIN vs. INDH - Volatility Comparison

VanEck Digital India ETF (DGIN) and WisdomTree India Hedged Equity Fund (INDH) have volatilities of 7.92% and 7.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGIN	INDH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.92%	7.80%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	14.14%	10.52%	+3.62%
Volatility (1Y) Calculated over the trailing 1-year period	20.29%	14.13%	+6.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.81%	14.43%	+4.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.81%	14.43%	+4.38%