GLIN vs. DGIN

Last updated Aug 2, 2026

GLIN (VanEck Vectors India Growth Leaders ETF) and DGIN (VanEck Digital India ETF) are both India Equities funds from VanEck - GLIN tracks the MarketGrader India All-Cap Growth Leaders Index while DGIN tracks the MVIS Digital India. Both are passively managed. Over the past 3 years, GLIN returned 8.41%/yr vs 5.12%/yr for DGIN. Their correlation of 0.80 means they have usually moved in the same direction. GLIN charges 0.82%/yr vs 0.76%/yr for DGIN.

Performance

GLIN vs. DGIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors India Growth Leaders ETF (GLIN) and VanEck Digital India ETF (DGIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLIN achieves a -1.80% return, which is significantly higher than DGIN's -11.08% return.

GLIN

• 1D: 0.73%
• 1M: -1.96%
• 6M: -0.12%
• YTD: -1.80%
• 1Y: 2.61%
• 3Y*: 8.41%
• 5Y*: 3.80%
• 10Y*: 1.28%
• ALL TIME*: -2.36%

DGIN

• 1D: 0.08%
• 1M: 2.25%
• 6M: -4.98%
• YTD: -11.08%
• 1Y: -9.60%
• 3Y*: 5.12%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 0.79%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGIN VanEck Digital India ETF	$46.35K	$61.06K	$105.41K
GLIN VanEck Vectors India Growth Leaders ETF	$408.40K	$392.00K	$454.19K

GLIN vs. DGIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GLIN VanEck Vectors India Growth Leaders ETF	-1.80%	-5.47%	15.64%	36.13%	-15.50%
DGIN VanEck Digital India ETF	-11.08%	-6.00%	22.56%	30.30%	-22.40%

Correlation

The correlation between GLIN and DGIN is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022	0.80

The correlation between GLIN and DGIN has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.

GLIN vs. DGIN - Sectors Allocation Comparison

Sectors	GLIN	DGIN
Financial Services	34.9%	22.3%
Industrials	23.3%	1.0%
Consumer Cyclical	15.1%	20.0%
Healthcare	8.7%	0.9%
Basic Materials	8.2%	-
Communication Services	5.1%	28.1%
Technology	4.1%	20.6%
Utilities	3.6%	-
Energy	2.1%	8.1%
Consumer Defensive	0.7%	-
Real Estate	0.0%	-

Return for Risk

GLIN vs. DGIN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GLIN

GLIN Risk / Return Rank: 14
GLIN Sharpe Ratio Rank: 14
GLIN Sortino Ratio Rank: 14
GLIN Omega Ratio Rank: 14
GLIN Calmar Ratio Rank: 14
GLIN Martin Ratio Rank: 15

DGIN

DGIN Risk / Return Rank: 5
DGIN Sharpe Ratio Rank: 5
DGIN Sortino Ratio Rank: 5
DGIN Omega Ratio Rank: 5
DGIN Calmar Ratio Rank: 7
DGIN Martin Ratio Rank: 6

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GLIN vs. DGIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors India Growth Leaders ETF (GLIN) and VanEck Digital India ETF (DGIN). 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.

	GLIN	DGIN	Difference
Sharpe ratio: Return per unit of total volatility	0.16	-0.52	+0.68
Sortino ratio: Return per unit of downside risk	0.35	-0.64	+1.00
Omega ratio: Gain probability vs. loss probability	1.04	0.93	+0.11
Calmar ratio: Return relative to maximum drawdown	0.17	-0.35	+0.51
Martin ratio: Return relative to average drawdown	0.59	-0.72	+1.31

GLIN vs. DGIN - Sharpe Ratio Comparison

The current GLIN Sharpe Ratio is 0.16, which is higher than the DGIN Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of GLIN and DGIN, 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

GLIN vs. DGIN - Drawdown Comparison

The maximum GLIN drawdown since its inception was -79.36%, which is greater than DGIN's maximum drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for GLIN and DGIN.

Drawdown Indicators

	GLIN	DGIN	Difference
Max Drawdown Largest peak-to-trough decline	-79.36%	-33.65%	-45.71%
Max Drawdown (1Y) Largest decline over 1 year	-17.07%	-28.59%	+11.52%
Max Drawdown (3Y) Largest decline over 3 years	-26.77%	-33.65%	+6.88%
Max Drawdown (5Y) Largest decline over 5 years	-30.97%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-74.80%	—	—
Current Drawdown Current decline from peak	-44.18%	-20.32%	-23.86%
Average Drawdown Average peak-to-trough decline	-50.89%	-13.63%	-37.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.75%	13.88%	-9.13%

Volatility

GLIN vs. DGIN - Volatility Comparison

The current volatility for VanEck Vectors India Growth Leaders ETF (GLIN) is 4.79%, while VanEck Digital India ETF (DGIN) has a volatility of 5.17%. This indicates that GLIN experiences smaller price fluctuations and is considered to be less risky than DGIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLIN	DGIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	5.17%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	15.62%	16.00%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	18.24%	19.03%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	18.88%	-0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.64%	18.88%	+4.76%

GLIN vs. DGIN - Expense Ratio Comparison

GLIN has a 0.82% expense ratio, which is higher than DGIN's 0.76% expense ratio.

Dividends

GLIN vs. DGIN - Dividend Comparison

GLIN's dividend yield for the trailing twelve months is around 0.86%, less than DGIN's 2.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGIN VanEck Digital India ETF	2.14%	1.90%	0.00%	0.24%	0.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GLIN VanEck Vectors India Growth Leaders ETF	0.86%	0.84%	3.58%	0.96%	1.70%	0.00%	0.24%	1.42%	0.12%	0.10%	1.39%	3.11%

Frequently Asked Questions

Can I hold both GLIN and DGIN in my portfolio?

GLIN and DGIN have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLIN or DGIN?

DGIN has higher volatility (5.17%) compared to GLIN (4.79%). In terms of maximum drawdown, GLIN dropped -79.36% vs DGIN's -33.65%.

Which ETF is better, GLIN or DGIN?

On 3-year performance, GLIN leads with 8.41% vs 5.12% for DGIN. On fees, DGIN is cheaper at 0.76% per year. On volatility, GLIN has been the lower-risk option at 4.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLIN or DGIN?

Over the 3-year period, GLIN has performed better with a 8.41% return vs 5.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLIN or DGIN?

DGIN is cheaper with a 0.76% expense ratio, compared with 0.82% for GLIN.

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

DGIN has the higher dividend yield at 2.14%, compared with 0.86% for GLIN.

What is the main difference between GLIN and DGIN?

GLIN tracks MarketGrader India All-Cap Growth Leaders Index, while DGIN tracks MVIS Digital India. Their fees differ too: 0.82% for GLIN and 0.76% for DGIN.

Which has better risk-adjusted returns?

GLIN currently has the higher Sharpe Ratio (0.16 vs -0.52), 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.