- ISIN
- GB00B1WY2338
- CUSIP
- 46429B614
- Issuer
- iShares
- Inception Date
- Feb 8, 2012
- Region
- Emerging Asia Pacific (India)
- Category
- Asia Pacific Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI India Small Cap Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $664M
Share Price Chart
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Performance
SMIN Performance Chart
iShares MSCI India Small-Cap ETF (SMIN) is up 1.3% since the beginning of the year. SMIN is currently trading at $71 per share. Investors who bought $1,000 worth of SMIN shares 5 years ago would now be looking at an investment worth $1,459.
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Returns By Period
iShares MSCI India Small-Cap ETF (SMIN) has returned 1.27% so far this year and -1.36% over the past 12 months. Over the last ten years, SMIN has returned 10.44% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares MSCI India Small-Cap ETF
- 1D
- 1.97%
- 1M
- 6.56%
- YTD
- 1.27%
- 6M
- 1.49%
- 1Y
- -1.36%
- 3Y*
- 10.88%
- 5Y*
- 7.85%
- 10Y*
- 10.44%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SMIN Monthly Returns History
Based on dividend-adjusted daily data since Feb 9, 2012, SMIN's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, an investment would double in approximately 6.0 years.
Historically, 60% of months were positive and 40% were negative. The best month was May 2014 with a return of +20.1%, while the worst month was Mar 2020 at -34.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SMIN closed higher 51% of trading days. The best single day was Mar 13, 2020 with a return of +12.5%, while the worst single day was Mar 12, 2020 at -16.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.79% | 0.94% | -9.81% | 11.57% | 0.42% | 5.39% | 1.27% | ||||||
| 2025 | -8.78% | -10.07% | 8.56% | 2.11% | 7.35% | 3.40% | -5.05% | -1.90% | -0.24% | 2.76% | -1.28% | -1.95% | -6.68% |
| 2024 | 5.20% | -0.98% | -3.34% | 7.12% | 0.09% | 7.35% | 3.80% | 0.55% | 1.88% | -3.59% | 0.13% | -1.83% | 16.78% |
| 2023 | 0.37% | -3.66% | -0.62% | 6.15% | 2.78% | 7.16% | 5.42% | 3.64% | -0.58% | -2.17% | 8.96% | 4.09% | 35.41% |
| 2022 | -0.66% | -7.92% | 1.72% | -0.84% | -7.08% | -5.68% | 7.91% | 2.83% | -2.75% | 0.09% | 3.47% | -5.09% | -14.23% |
| 2021 | 0.38% | 11.16% | 3.81% | -1.16% | 8.47% | 3.89% | 4.67% | 1.54% | 3.57% | 0.01% | -1.32% | 3.05% | 44.43% |
Benchmark Metrics
iShares MSCI India Small-Cap ETF has an annualized alpha of 1.62%, beta of 0.74, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since February 09, 2012.
- This ETF participated in 84.42% of S&P 500 Index downside but only 73.54% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.27 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.62%
- Beta
- 0.74
- R²
- 0.27
- Upside Capture
- 73.54%
- Downside Capture
- 84.42%
Expense Ratio
SMIN has an expense ratio of 0.76%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SMIN ranks 8 for risk / return — in the bottom 8% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI India Small-Cap ETF (SMIN) and compare them to S&P 500 Index.
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.
| SMIN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.37 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 2.78 | -2.84 |
| Martin ratioReturn relative to average drawdown | -0.12 | 12.44 | -12.56 |
Dividends
Dividend History
iShares MSCI India Small-Cap ETF provided a 1.99% dividend yield over the last twelve months, with an annual payout of $1.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.41 | $1.41 | $5.23 | $0.29 | $0.00 | $0.77 | $0.45 | $0.63 | $0.65 | $0.47 | $0.75 | $0.31 |
Dividend yield | 1.99% | 2.01% | 6.84% | 0.41% | 0.01% | 1.27% | 1.06% | 1.75% | 1.68% | 0.89% | 2.30% | 0.93% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI India Small-Cap ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.41 | $1.41 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.23 | $5.23 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.29 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.77 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI India Small-Cap ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares MSCI India Small-Cap ETF was 60.50%, occurring on Mar 23, 2020. Recovery took 298 trading sessions.
The current iShares MSCI India Small-Cap ETF drawdown is 11.43%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -60.50%Mar 2020 | 2y 2mo | 1y 2mo | 3y 4moJan 2018 - May 2021 |
2013 bear market2013 | -44.17%Sep 2013 | 1y 6mo | 8mo 15d | 2y 2moFeb 2012 - May 2014 |
2016 bear market2016 | -30.86%Feb 2016 | 10mo 19d | 6mo 29d | 1y 5moApr 2015 - Sep 2016 |
2026 bear market2026 | -27.58%Mar 2026 | 1y 6mo | — | 1y 9moSep 2024 - now |
Bear market2022 | -24.80%Jun 2022 | 5mo 10d | 1y 2mo | 1y 7moJan 2022 - Aug 2023 |
Drawdown Indicators
| SMIN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.50% | -56.78% | -3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -24.54% | -9.10% | -15.44% |
Max Drawdown (3Y)Largest decline over 3 years | -27.58% | -18.90% | -8.68% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | -25.43% | -2.15% |
Max Drawdown (10Y)Largest decline over 10 years | -60.50% | -33.92% | -26.58% |
Current DrawdownCurrent decline from peak | -11.43% | -1.80% | -9.63% |
Average DrawdownAverage peak-to-trough decline | -14.62% | -10.71% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.09% | 2.03% | +9.06% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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