DGIN vs. SPHQ
Compare and contrast key facts about VanEck Digital India ETF (DGIN) and Invesco S&P 500® Quality ETF (SPHQ).
DGIN and SPHQ 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. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Quality Rankings Index. It was launched on Dec 6, 2005. Both DGIN and SPHQ 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 SPHQ.
Key characteristics
| DGIN | SPHQ | |
|---|---|---|
| YTD Return | 19.72% | 27.96% |
| 1Y Return | 32.53% | 38.63% |
| Sharpe Ratio | 1.83 | 3.12 |
| Sortino Ratio | 2.51 | 4.31 |
| Omega Ratio | 1.33 | 1.57 |
| Calmar Ratio | 2.39 | 6.11 |
| Martin Ratio | 10.61 | 23.76 |
| Ulcer Index | 2.92% | 1.59% |
| Daily Std Dev | 16.87% | 12.08% |
| Max Drawdown | -28.61% | -57.83% |
| Current Drawdown | -6.24% | 0.00% |
Correlation
The correlation between DGIN and SPHQ is 0.55, 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. SPHQ - Performance Comparison
In the year-to-date period, DGIN achieves a 19.72% return, which is significantly lower than SPHQ's 27.96% 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. SPHQ - Expense Ratio Comparison
DGIN has a 0.76% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Risk-Adjusted Performance
DGIN vs. SPHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital India ETF (DGIN) and Invesco S&P 500® Quality ETF (SPHQ). 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. SPHQ - Dividend Comparison
DGIN's dividend yield for the trailing twelve months is around 0.20%, less than SPHQ's 1.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGIN VanEck Digital India ETF | 0.20% | 0.24% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHQ Invesco S&P 500® Quality ETF | 1.13% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% | 1.99% |
Drawdowns
DGIN vs. SPHQ - Drawdown Comparison
The maximum DGIN drawdown since its inception was -28.61%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for DGIN and SPHQ. For additional features, visit the drawdowns tool.
Volatility
DGIN vs. SPHQ - Volatility Comparison
VanEck Digital India ETF (DGIN) has a higher volatility of 4.90% compared to Invesco S&P 500® Quality ETF (SPHQ) at 3.40%. This indicates that DGIN's price experiences larger fluctuations and is considered to be riskier than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.