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DGIN vs INDY

VanEck Digital India ETF

DGINCNYSE Arca

iShares India 50 ETF

INDYANasdaq

Overlap

2.9%by weight

Expense ratio

INDY −0.05pt a year

DGIN0.70%INDY0.65%

Avg volume · 30D

INDY 53.3×the volume

DGIN2.11KINDY112K

3Y return · a year

DGIN +1.3pt

DGIN+3.0%INDY+1.7%

DGIN vs INDY Performance

Oct 31, 2025 – Oct 30, 2026

−15.9%DGIN−12.8%INDY

Oct 31, 2025 to Oct 30, 2026. DGIN −15.9%. INDY −12.8%. Use the arrow keys to read each point.−25%−20%−5%0%5%Oct 2025Apr 2026Oct 2026
Expense ratio
DGIN 0.70%
INDY 0.65%, better
Fund size
DGIN $11M
INDY $507M
1Y total return
DGIN −15.9%
INDY −12.8%, better
Yield (12M)
DGIN 2.26%
INDY 9.63%, better
Holdings
DGIN 36
INDY 54
Avg volume (30D)
DGIN 2.11K sh
INDY 112K sh, better
NAV per share
DGIN $34.40
INDY $42.41
52W range

ETF.net Grade

DGIN: Cost 72, Risk 25, Mission not scored, Tradability 17, Holdings 25, Durability 54. INDY: Cost 78, Risk 49, Mission 100, Tradability 83, Holdings 35, Durability 84.
Pillar letters and Scores for DGIN, INDY, with each pillar’s weight
PillarDGININDY
Cost30% weightA72A78Higher
Mission25% weightNot scoredA100
Risk15% weightD25C49Higher
Tradability15% weightF17A83Higher
Holdings10% weightD25D35Higher
Durability5% weightC54A84Higher

Rank among India funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DGIN and INDY are both graded against the same 19 India funds, so their Grades compare head to head.

India⁠

Category · 19 funds
See all 19 ›

INDY ranks 3rd and DGIN 16th of 19 funds in the India Category.

  1. Rank 1AFLINFranklin FTSE India ETFScore 86
  2. Rank 1AINDAiShares MSCI India ETFScore 86
  3. Rank 3AINDYiShares India 50 ETFScore 75
  4. Rank 4ASMINiShares MSCI India Small-Cap ETFScore 70
  5. Rank 15CINCOColumbia India Consumer ETFScore 46
  6. Rank 16CDGINVanEck Digital India ETFScore 44
  7. Rank 17CINDXtrackers Nifty 500 India ETFScore 40

Our read on each fund

ETF.net Research

DGINCVanEck Digital India ETF

INDYAiShares India 50 ETF

In short

DGIN Most India ETFs hand you the whole market. DGIN narrows it to one storyline: roughly 30 companies tied to the digitization of India's economy, picked by index rules rather than a stock-picker.

INDY India's headline index in a US wrapper. INDY tracks the Nifty 50, the National Stock Exchange benchmark quoted across Indian markets, holding about 50 of the country's largest listed companies and skipping the small-cap tail.

Stated mandate

DGIN The Fund seeks to track the performance of an index representing companies that support the digitization of India's economy.

INDY The fund seeks to track the Nifty 50 Index, which represents 50 leading Indian companies, using an indexing approach rather than active security selection.

Why people hold it

  • DGIN The specialist on a shelf of broad-market India funds. Its stated job is tracking an index of companies that support the digitization of India's economy.
  • At 0.70% a year, it runs a touch under the typical single-country India fund and under VanEck's own India growth sibling, GLIN.
  • Rules-based and legible: it follows the MVIS Digital India Index, and it has stuck closely to that stated mandate rather than drifting into generic India exposure.
  • INDY The Nifty 50 is the NSE's flagship index: 50 stocks spanning 13 sectors, used across India for benchmarking, derivatives and index funds. In its US peer group, INDY is the fund built on it.nseindia.com
  • 0.65% a year, below the 0.75% median for US single-country India funds.
  • Straight indexing, no stock picking, and the fund has stayed very close to its benchmark. One of the tighter implementations among US India funds.ishares.com
  • Trading since 2009 under the iShares roof, which makes it one of the longer-running US ways to own Indian large caps.ishares.com

Worth knowing

  • DGIN About 30 stocks, one theme, one country. Three layers of concentration, so it can travel a very different path from a broad India index.
  • A small fund that trades thinly. Spreads can widen, and limit orders are the standard workaround for funds in this size band.
  • Income is a byproduct here: cash goes out once or twice a year, not monthly. The 2022 launch also means a short history versus the veteran India funds.
  • INDY About 50 names means the biggest Indian megacaps carry real weight here. Concentration is the design, not a bug, but it shows up in the ride.
  • Cheaper India exposure exists: FLIN charges 0.19%, and INDA, also large-cap focused, comes in a touch under INDY.
  • One country, one currency, one policy cycle. A single-market emerging equity fund moves harder than a global index fund, and INDY's swings run above its peer group's typical level.ishares.com

Full DGIN profile⁠

Full INDY profile⁠

DGIN vs INDY Holdings

How DGIN and INDY differ

Overlap by weight

2.9%

Shared holdings make up 13.2% of DGIN and 2.9% of INDY.

Level by level

  • Holdings2 in both2.9%
  • Sector10 Sectors52.4%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

Sector weights in DGIN and INDY, widest gap first
SectorMore in DGINMore in INDY
CommunicationDGIN +20.6 points
FinancialsINDY +18.7 points
TechnologyDGIN +14.4 points
Consumer DiscretionaryDGIN +12.7 points
IndustrialsINDY +8.0 points
MaterialsINDY +7.1 points
Consumer StaplesINDY +5.4 points
Health CareINDY +4.8 points
UtilitiesINDY +2.5 points
EnergyINDY +1.1 points

Country, concentration and asset class

Country by domicile

Country weights in DGIN and INDY, widest gap first
CountryMore in DGINMore in INDY
IndiaSame weight

Outside the US: DGIN 0% developed, 100% emerging. INDY 0% developed, 100% emerging.

Concentration

Weight in the 10 largest Holdings

  • DGIN60.6%
  • INDY53.1%

Securities held

  • DGIN32
  • INDY51

Asset class

DGIN
Equity
INDY
Equity

Holdings

  • Only in DGIN30
  • In both2
  • Only in INDY49

Only in DGIN

30 securities, 85.2% of DGIN by weight

  • Bharti Airtel Ltd9.32%
  • Reliance Industries Ltd7.87%
  • One 97 Communications Ltd6.71%

Only in INDY

49 securities, 95.6% of INDY by weight

  • Hdfc Bank9.84%
  • Icici Bank9.33%
  • Reliance Industries Ltd7.34%

Weight gaps

All 2 Holdings in both funds, largest gap first.

Holding weights in DGIN and INDY, widest gap first
HoldingMore in DGINMore in INDY
Zomato LtdDGIN +5.61 points
Jio Financial Services LtdDGIN +4.64 points

All 31 DGIN holdings⁠All 50 INDY holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DGIN vs INDY Cost

Overpaying DGIN vs INDY

$889

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DGIN 0.70%

    $13,606

  • INDY 0.65%

    $12,717

$10,000
30 years

Cost over time

  • DGIN 0.70%
  • INDY 0.65%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530DGIN $13,606INDY $12,717

Year by year

YearDGININDYOverpaying
10$1,250$1,163$87
20$4,760$4,440$320
30$13,606$12,717$889

Expense ratio

  • 0.70%DGIN
  • 0.65%INDY, cheaper
  • Middle half of India funds
  • Median 0.75%

INDY 5th cheapest of 19 funds

DGIN 6th cheapest of 19 funds

DGIN vs INDY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DGIN 2.26%
INDY 9.63%, better
Payout (12M)
DGIN $0.78
INDY $4.09
Last payment
DGIN $0.78
INDY $0.10
Ex-dividend
DGIN Dec 22, 2025
INDY Jun 15, 2026
Paid on
DGIN Dec 26, 2025
INDY Jun 18, 2026
Frequency
DGIN Irregular
INDY Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

DGINIrregular · 3 paymentsAll DGIN payments⁠
One bar per payment. 3 payments from 2017 to 2026 YTD. Dec 19, 2022 $0.27; Dec 18, 2023 $0.09; Dec 22, 2025 $0.78. Use the arrow keys to read each point.$0$2.502017202020232026YTD
INDYTwice a year · 16 paymentsAll INDY payments⁠
One bar per payment. 16 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.04; Dec 21, 2017 $0.06; Jun 19, 2018 $0.07; Dec 18, 2018 $0.12; Dec 28, 2018 $0.02; Jun 17, 2019 $0.23; Jun 15, 2020 $0.03; Jun 10, 2021 $0.007; Dec 13, 2021 $3.36; Dec 13, 2022 $1.59; Jun 7, 2023 $0.07; Dec 20, 2023 $0.12; Jun 11, 2024 $0.04; Dec 17, 2024 $0.08; Dec 16, 2025 $4.00; Jun 15, 2026 $0.10. Use the arrow keys to read each point.$0$2.502017202020232026YTD

DGIN vs INDY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DGIN 18.0%INDY 13.0%, better
Return per unit of riskSharpe ratio, 3 years
DGIN 0.004, betterINDY −0.15
Worst fallMax drawdown, 5 years
DGIN −33.6%since Feb 2022INDY −23.8%
Market sensitivityBeta, 5 years
DGIN 0.45INDY 0.52

DGIN and INDY in the news

All news⁠

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