INQQ vs. DGIN
Compare and contrast key facts about India Internet & Ecommerce ETF (INQQ) and VanEck Digital India ETF (DGIN).
INQQ and DGIN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INQQ is a passively managed fund by India that tracks the performance of the INQQ The India Internet & Ecommerce Index - Benchmark TR Gross. It was launched on Apr 5, 2022. DGIN is a passively managed fund by VanEck that tracks the performance of the MVIS Digital India. It was launched on Feb 15, 2022. Both INQQ and DGIN 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: INQQ or DGIN.
Key characteristics
| INQQ | DGIN | |
|---|---|---|
| YTD Return | 15.67% | 20.17% |
| 1Y Return | 26.74% | 31.75% |
| Sharpe Ratio | 1.54 | 1.87 |
| Sortino Ratio | 2.07 | 2.55 |
| Omega Ratio | 1.28 | 1.33 |
| Calmar Ratio | 1.21 | 2.60 |
| Martin Ratio | 8.76 | 10.63 |
| Ulcer Index | 3.05% | 2.96% |
| Daily Std Dev | 17.39% | 16.83% |
| Max Drawdown | -40.82% | -28.61% |
| Current Drawdown | -6.99% | -5.89% |
Correlation
The correlation between INQQ and DGIN is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
INQQ vs. DGIN - Performance Comparison
In the year-to-date period, INQQ achieves a 15.67% return, which is significantly lower than DGIN's 20.17% 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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INQQ vs. DGIN - Expense Ratio Comparison
INQQ has a 0.86% expense ratio, which is higher than DGIN's 0.76% expense ratio.
Risk-Adjusted Performance
INQQ vs. DGIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for India Internet & Ecommerce ETF (INQQ) 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.
Dividends
INQQ vs. DGIN - Dividend Comparison
INQQ's dividend yield for the trailing twelve months is around 0.04%, less than DGIN's 0.20% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
INQQ India Internet & Ecommerce ETF | 0.04% | 0.04% | 0.00% |
DGIN VanEck Digital India ETF | 0.20% | 0.24% | 0.97% |
Drawdowns
INQQ vs. DGIN - Drawdown Comparison
The maximum INQQ drawdown since its inception was -40.82%, which is greater than DGIN's maximum drawdown of -28.61%. Use the drawdown chart below to compare losses from any high point for INQQ and DGIN. For additional features, visit the drawdowns tool.
Volatility
INQQ vs. DGIN - Volatility Comparison
India Internet & Ecommerce ETF (INQQ) and VanEck Digital India ETF (DGIN) have volatilities of 4.74% and 4.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.