DGIN vs SPY
VanEck Digital India ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DGIN | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.09% | |
| AUM | $15M | $821.1B | |
| Dividend Yield | 2.14% | 1.01% | |
| Holdings | 34 | 505 | |
| YTD Return | -10.31% | +13.70% | |
| 1Y Return | -8.64% | +21.44% | |
| 3Y Return (annualized) | +6.15% | +22.50% | |
| 5Y Return (annualized) | - | +13.24% | |
| Volatility (annualized) | 17.4% | 15.3% | |
| Max Drawdown | -33.6% | -56.5% | |
| Fund Family | VanEck | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 15, 2022 | Jan 22, 1993 |
DGIN vs SPY Performance
VanEck Digital India ETF (DGIN) is a ETF from VanEck and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DGIN returned -8.64% while SPY returned +21.44%. Year to date, DGIN is down 10.31% versus a gain of 13.70% for SPY.
Over three years, DGIN compounded at +6.15% per year against +22.50% for SPY. Across the full 5-year window we track, SPY has the edge at +8.84% annualized vs +1.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DGIN has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.6% for DGIN and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DGIN charges 0.70% per year while SPY charges 0.09%. On a $10,000 position that is $70 vs $9 annually, a gap of $61 per year that compounds over a long holding period. On income, DGIN currently yields 2.14% against 1.01% for SPY.
Holdings Overlap
DGIN and SPY share 0 holdings out of 534 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DGIN or SPY?
DGIN has an expense ratio of 0.70% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, DGIN or SPY?
Over the past year DGIN returned -8.64% vs +21.44% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), DGIN annualized +1.37% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, DGIN or SPY?
DGIN has been the more volatile fund at 17.4% annualized versus 15.3% for SPY. Worst drawdown: DGIN -33.6% vs SPY -56.5%.
Should I hold both DGIN and SPY?
DGIN and SPY have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DGIN and SPY?
DGIN and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 534 unique securities.
Which pays a higher dividend, DGIN or SPY?
DGIN yields 2.14% while SPY yields 1.01%, so DGIN currently pays the higher dividend yield.
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