DGIN vs. MOAT

Last updated Jun 5, 2026

DGIN (VanEck Digital India ETF) and MOAT (VanEck Morningstar Wide Moat ETF) are both exchange-traded funds - DGIN is a Asia Pacific Equities fund tracking the MVIS Digital India, while MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index. Both are passively managed. Over the past 3 years, DGIN returned 5.31%/yr vs 11.79%/yr for MOAT. At a 0.46 correlation, their price movements are largely independent. DGIN charges 0.76%/yr vs 0.47%/yr for MOAT.

Performance

DGIN vs. MOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Digital India ETF (DGIN) and VanEck Morningstar Wide Moat ETF (MOAT). 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 MOAT's -0.07% return.

DGIN

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

MOAT

• 1D: 0.88%
• 1M: 3.57%
• YTD: -0.07%
• 6M: -0.05%
• 1Y: 15.51%
• 3Y*: 11.79%
• 5Y*: 8.20%
• 10Y*: 13.40%

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

DGIN vs. MOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DGIN VanEck Digital India ETF	-16.15%	-6.00%	22.56%	30.30%	-21.84%
MOAT VanEck Morningstar Wide Moat ETF	-0.07%	13.20%	10.73%	31.89%	-9.43%

Correlation

The correlation between DGIN and MOAT is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022	0.46

The correlation between DGIN and MOAT shifts across timeframes, from 0.33 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

DGIN vs. MOAT - Sectors Allocation Comparison

Sectors	DGIN	MOAT
Communication Services	29.9%	2.4%
Technology	23.0%	32.8%
Financial Services	21.1%	6.7%
Consumer Cyclical	16.8%	10.3%
Energy	7.9%	-
Industrials	1.4%	13.5%
Healthcare	0.9%	16.0%
Basic Materials	-	-
Consumer Defensive	-	17.5%
Real Estate	-	0.8%
Utilities	-	-

Return for Risk

DGIN vs. MOAT — 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

MOAT

MOAT Risk / Return Rank: 30
MOAT Sharpe Ratio Rank: 32
MOAT Sortino Ratio Rank: 32
MOAT Omega Ratio Rank: 29
MOAT Calmar Ratio Rank: 27
MOAT Martin Ratio Rank: 28

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. MOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital India ETF (DGIN) and VanEck Morningstar Wide Moat ETF (MOAT). 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	MOAT	Difference
Sharpe ratio: Return per unit of total volatility	-0.94	1.12	-2.06
Sortino ratio: Return per unit of downside risk	-1.29	1.69	-2.98
Omega ratio: Gain probability vs. loss probability	0.86	1.19	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.56	1.25	-1.82
Martin ratio: Return relative to average drawdown	-1.22	3.90	-5.13
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. MOAT - Sharpe Ratio Comparison

The current DGIN Sharpe Ratio is -0.94, which is lower than the MOAT Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of DGIN and MOAT, 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	MOAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.94	1.12	-2.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.45	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.78	-0.80

Drawdowns

DGIN vs. MOAT - Drawdown Comparison

The maximum DGIN drawdown since its inception was -33.65%, roughly equal to the maximum MOAT drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for DGIN and MOAT.

Drawdown Indicators

	DGIN	MOAT	Difference
Max Drawdown Largest peak-to-trough decline	-33.65%	-33.31%	-0.34%
Max Drawdown (1Y) Largest decline over 1 year	-30.49%	-12.43%	-18.06%
Max Drawdown (3Y) Largest decline over 3 years	-33.65%	-21.44%	-12.21%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.31%	—
Current Drawdown Current decline from peak	-24.87%	-3.88%	-20.99%
Average Drawdown Average peak-to-trough decline	-13.30%	-3.83%	-9.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.01%	3.98%	+10.03%

Volatility

DGIN vs. MOAT - Volatility Comparison

VanEck Digital India ETF (DGIN) has a higher volatility of 6.26% compared to VanEck Morningstar Wide Moat ETF (MOAT) at 3.86%. This indicates that DGIN's price experiences larger fluctuations and is considered to be riskier than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGIN	MOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	3.86%	+2.40%
Volatility (6M) Calculated over the trailing 6-month period	15.63%	9.88%	+5.75%
Volatility (1Y) Calculated over the trailing 1-year period	18.38%	13.85%	+4.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.90%	18.18%	+0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.90%	18.68%	+0.22%

DGIN vs. MOAT - Expense Ratio Comparison

DGIN has a 0.76% expense ratio, which is higher than MOAT's 0.47% expense ratio.

Dividends

DGIN vs. MOAT - Dividend Comparison

DGIN's dividend yield for the trailing twelve months is around 2.27%, more than MOAT's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGIN VanEck Digital India ETF	2.27%	1.90%	0.00%	0.24%	0.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MOAT VanEck Morningstar Wide Moat ETF	1.36%	1.36%	1.37%	0.86%	1.25%	1.08%	1.46%	1.31%	1.79%	1.07%	1.17%	2.13%

Frequently Asked Questions

Can I hold both DGIN and MOAT in my portfolio?

DGIN and MOAT 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.

Which is riskier, DGIN or MOAT?

DGIN has higher volatility (6.26%) compared to MOAT (3.86%). In terms of maximum drawdown, DGIN dropped -33.65% vs MOAT's -33.31%.

Which ETF is better, DGIN or MOAT?

On 3-year performance, MOAT leads with 11.79% vs 5.31% for DGIN. On fees, MOAT is cheaper at 0.47% per year. On volatility, MOAT has been the lower-risk option at 3.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGIN or MOAT?

Over the 3-year period, MOAT has performed better with a 11.79% 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 MOAT?

MOAT is cheaper with a 0.47% expense ratio, compared with 0.76% for DGIN.

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

DGIN has the higher dividend yield at 2.27%, compared with 1.36% for MOAT.

What is the main difference between DGIN and MOAT?

DGIN is categorized as Asia Pacific Equities, while MOAT is Large Cap Blend Equities. DGIN tracks MVIS Digital India, while MOAT tracks Morningstar Wide Moat Focus Index. Their fees differ too: 0.76% for DGIN and 0.47% for MOAT.

Which has better risk-adjusted returns?

MOAT currently has the higher Sharpe Ratio (1.12 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.