DGIN vs. VOO

Last updated Jul 12, 2026

DGIN (VanEck Digital India ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - DGIN is a India Equities fund tracking the MVIS Digital India, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, DGIN returned 5.88%/yr vs 21.08%/yr for VOO. At a 0.50 correlation, their price movements are largely independent. DGIN charges 0.76%/yr vs 0.03%/yr for VOO.

Performance

DGIN vs. VOO - Performance Comparison

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

Returns By Period

In the year-to-date period, DGIN achieves a -11.50% return, which is significantly lower than VOO's 11.31% return.

DGIN

• 1D: 0.51%
• 1M: 6.20%
• 6M: -10.01%
• YTD: -11.50%
• 1Y: -14.52%
• 3Y*: 5.88%
• 5Y*: —
• 10Y*: —

VOO

• 1D: 0.46%
• 1M: 2.04%
• 6M: 9.36%
• YTD: 11.31%
• 1Y: 22.48%
• 3Y*: 21.08%
• 5Y*: 13.22%
• 10Y*: 15.29%

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

DGIN vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DGIN VanEck Digital India ETF	-11.50%	-6.00%	22.56%	30.30%	-22.40%
VOO Vanguard S&P 500 ETF	11.31%	17.82%	24.98%	26.32%	-13.00%

Correlation

The correlation between DGIN and VOO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022	0.50

DGIN vs. VOO - Sectors Allocation Comparison

Sectors	DGIN	VOO
Communication Services	31.4%	10.3%
Technology	23.9%	39.2%
Financial Services	20.5%	10.9%
Consumer Cyclical	15.8%	9.8%
Energy	7.1%	3.2%
Industrials	1.3%	7.4%
Healthcare	0.9%	8.3%
Basic Materials	-	1.8%
Consumer Defensive	-	4.5%
Real Estate	-	1.8%
Utilities	-	2.5%

Return for Risk

DGIN vs. VOO — Risk / Return Rank

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

DGIN

DGIN Risk / Return Rank: 4
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

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 68
VOO Sortino Ratio Rank: 66
VOO Omega Ratio Rank: 68
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 74

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital India ETF (DGIN) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	1.77	-2.58
Sortino ratio: Return per unit of downside risk	-1.09	2.44	-3.53
Omega ratio: Gain probability vs. loss probability	0.88	1.32	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.52	2.49	-3.01
Martin ratio: Return relative to average drawdown	-1.09	10.85	-11.94

DGIN vs. VOO - Sharpe Ratio Comparison

The current DGIN Sharpe Ratio is -0.81, which is lower than the VOO Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of DGIN and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DGIN vs. VOO - Drawdown Comparison

The maximum DGIN drawdown since its inception was -33.65%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DGIN and VOO.

Drawdown Indicators

	DGIN	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-33.65%	-33.99%	+0.34%
Max Drawdown (1Y) Largest decline over 1 year	-29.10%	-8.90%	-20.20%
Max Drawdown (3Y) Largest decline over 3 years	-33.65%	-18.69%	-14.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-20.70%	-0.34%	-20.36%
Average Drawdown Average peak-to-trough decline	-13.52%	-3.68%	-9.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.95%	2.04%	+11.91%

Volatility

DGIN vs. VOO - Volatility Comparison

VanEck Digital India ETF (DGIN) has a higher volatility of 5.04% compared to Vanguard S&P 500 ETF (VOO) at 4.42%. This indicates that DGIN's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGIN	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	4.42%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	15.88%	9.94%	+5.94%
Volatility (1Y) Calculated over the trailing 1-year period	18.88%	12.48%	+6.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	16.92%	+1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.88%	17.99%	+0.89%

DGIN vs. VOO - Expense Ratio Comparison

DGIN has a 0.76% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

DGIN vs. VOO - Dividend Comparison

DGIN's dividend yield for the trailing twelve months is around 2.15%, more than VOO's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGIN VanEck Digital India ETF	2.15%	1.90%	0.00%	0.24%	0.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.06%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both DGIN and VOO in my portfolio?

DGIN and VOO have a correlation of 0.44, 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 VOO?

DGIN has higher volatility (5.04%) compared to VOO (4.42%). In terms of maximum drawdown, DGIN dropped -33.65% vs VOO's -33.99%.

Which ETF is better, DGIN or VOO?

On 3-year performance, VOO leads with 21.08% vs 5.88% for DGIN. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGIN or VOO?

Over the 3-year period, VOO has performed better with a 21.08% return vs 5.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGIN or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.76% for DGIN.

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

DGIN has the higher dividend yield at 2.15%, compared with 1.06% for VOO.

What is the main difference between DGIN and VOO?

DGIN is categorized as India Equities, while VOO is S&P 500. DGIN tracks MVIS Digital India, while VOO tracks S&P 500 Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.76% for DGIN and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.77 vs -0.81), 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.