DGIN vs. NFTY
Compare and contrast key facts about VanEck Digital India ETF (DGIN) and First Trust India NIFTY 50 Equal Weight ETF (NFTY).
DGIN and NFTY 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. NFTY is a passively managed fund by First Trust that tracks the performance of the NIFTY 50 Equal Weight Index. It was launched on Feb 14, 2012. Both DGIN and NFTY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGIN or NFTY.
Key characteristics
| DGIN | NFTY | |
|---|---|---|
| YTD Return | 18.37% | 12.20% |
| 1Y Return | 30.09% | 25.59% |
| Sharpe Ratio | 1.83 | 1.65 |
| Sortino Ratio | 2.48 | 2.21 |
| Omega Ratio | 1.33 | 1.31 |
| Calmar Ratio | 2.34 | 2.81 |
| Martin Ratio | 10.58 | 10.34 |
| Ulcer Index | 2.86% | 2.46% |
| Daily Std Dev | 16.55% | 15.46% |
| Max Drawdown | -28.61% | -47.67% |
| Current Drawdown | -7.30% | -7.53% |
Correlation
The correlation between DGIN and NFTY is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DGIN vs. NFTY - Performance Comparison
In the year-to-date period, DGIN achieves a 18.37% return, which is significantly higher than NFTY's 12.20% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DGIN vs. NFTY - Expense Ratio Comparison
DGIN has a 0.76% expense ratio, which is lower than NFTY's 0.80% expense ratio.
Risk-Adjusted Performance
DGIN vs. NFTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital India ETF (DGIN) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). 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.
Dividends
DGIN vs. NFTY - Dividend Comparison
DGIN's dividend yield for the trailing twelve months is around 0.21%, less than NFTY's 0.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGIN VanEck Digital India ETF | 0.21% | 0.24% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 0.23% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.40% | 0.52% | 1.72% |
Drawdowns
DGIN vs. NFTY - Drawdown Comparison
The maximum DGIN drawdown since its inception was -28.61%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for DGIN and NFTY. For additional features, visit the drawdowns tool.
Volatility
DGIN vs. NFTY - Volatility Comparison
VanEck Digital India ETF (DGIN) has a higher volatility of 4.85% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 4.56%. This indicates that DGIN's price experiences larger fluctuations and is considered to be riskier than NFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.