NDIA vs. DGIN

Last updated Jul 12, 2026

NDIA (Global X Funds - Global X India Active ETF) and DGIN (VanEck Digital India ETF) are both India Equities funds. NDIA is actively managed, while DGIN is passively managed. Over the past year, NDIA returned -8.33% vs -14.52% for DGIN. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.76% expense ratio.

Performance

NDIA vs. DGIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Funds - Global X India Active ETF (NDIA) 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, NDIA achieves a -7.84% return, which is significantly higher than DGIN's -11.50% return.

NDIA

• 1D: 1.02%
• 1M: 4.17%
• 6M: -6.84%
• YTD: -7.84%
• 1Y: -8.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DGIN

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

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

NDIA vs. DGIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NDIA Global X Funds - Global X India Active ETF	-7.84%	5.04%	5.75%	12.76%
DGIN VanEck Digital India ETF	-11.50%	-6.00%	22.56%	13.98%

Correlation

The correlation between NDIA and DGIN is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since Aug 18, 2023	0.82

The correlation between NDIA and DGIN has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.

NDIA vs. DGIN - Sectors Allocation Comparison

Sectors	NDIA	DGIN
Financial Services	31.4%	20.5%
Consumer Cyclical	11.0%	15.8%
Industrials	10.7%	1.3%
Energy	9.5%	7.1%
Basic Materials	8.6%	-
Technology	7.1%	23.9%
Consumer Defensive	5.9%	-
Communication Services	5.5%	31.4%
Healthcare	4.4%	0.9%
Utilities	3.6%	-
Real Estate	2.5%	-

Return for Risk

NDIA vs. DGIN — Risk / Return Rank

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

NDIA

NDIA Risk / Return Rank: 4
NDIA Sharpe Ratio Rank: 5
NDIA Sortino Ratio Rank: 4
NDIA Omega Ratio Rank: 4
NDIA Calmar Ratio Rank: 5
NDIA Martin Ratio Rank: 3

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

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.

NDIA vs. DGIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Funds - Global X India Active ETF (NDIA) 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.

	NDIA	DGIN	Difference
Sharpe ratio: Return per unit of total volatility	-0.56	-0.81	+0.24
Sortino ratio: Return per unit of downside risk	-0.73	-1.09	+0.36
Omega ratio: Gain probability vs. loss probability	0.92	0.88	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.53	-0.52	-0.01
Martin ratio: Return relative to average drawdown	-1.24	-1.09	-0.16

NDIA vs. DGIN - Sharpe Ratio Comparison

The current NDIA Sharpe Ratio is -0.56, which is higher than the DGIN Sharpe Ratio of -0.81. The chart below compares the historical Sharpe Ratios of NDIA 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

NDIA vs. DGIN - Drawdown Comparison

The maximum NDIA drawdown since its inception was -22.05%, smaller than the maximum DGIN drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for NDIA and DGIN.

Drawdown Indicators

	NDIA	DGIN	Difference
Max Drawdown Largest peak-to-trough decline	-22.05%	-33.65%	+11.60%
Max Drawdown (1Y) Largest decline over 1 year	-17.09%	-29.10%	+12.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-33.65%	—
Current Drawdown Current decline from peak	-14.54%	-20.70%	+6.16%
Average Drawdown Average peak-to-trough decline	-7.37%	-13.52%	+6.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.27%	13.95%	-6.68%

Volatility

NDIA vs. DGIN - Volatility Comparison

The current volatility for Global X Funds - Global X India Active ETF (NDIA) is 4.26%, while VanEck Digital India ETF (DGIN) has a volatility of 5.04%. This indicates that NDIA 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

	NDIA	DGIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	5.04%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	14.00%	15.88%	-1.88%
Volatility (1Y) Calculated over the trailing 1-year period	16.03%	18.88%	-2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.59%	18.88%	-3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.59%	18.88%	-3.29%

NDIA vs. DGIN - Expense Ratio Comparison

Both NDIA and DGIN have an expense ratio of 0.76%.

Dividends

NDIA vs. DGIN - Dividend Comparison

NDIA's dividend yield for the trailing twelve months is around 1.19%, less than DGIN's 2.15% yield.

Position	TTM	2025	2024	2023	2022
DGIN VanEck Digital India ETF	2.15%	1.90%	0.00%	0.24%	0.97%
NDIA Global X Funds - Global X India Active ETF	1.19%	1.10%	3.66%	0.28%	0.00%

Frequently Asked Questions

Can I hold both NDIA and DGIN in my portfolio?

NDIA and DGIN have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NDIA or DGIN?

DGIN has higher volatility (5.04%) compared to NDIA (4.26%). In terms of maximum drawdown, NDIA dropped -22.05% vs DGIN's -33.65%.

Which ETF is better, NDIA or DGIN?

On 1-year performance, NDIA leads with -8.33% vs -14.52% for DGIN. Both ETFs have the same 0.76% expense ratio. On volatility, NDIA has been the lower-risk option at 4.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NDIA or DGIN?

Over the 1-year period, NDIA has performed better with a -8.33% return vs -14.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NDIA or DGIN?

NDIA and DGIN have the same expense ratio: 0.76% per year.

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

DGIN has the higher dividend yield at 2.15%, compared with 1.19% for NDIA.

What is the main difference between NDIA and DGIN?

They also come from different issuers: Global X and VanEck.

Which has better risk-adjusted returns?

NDIA currently has the higher Sharpe Ratio (-0.56 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.