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CRM vs. SMIN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CRM vs. SMIN

Last updated Jun 13, 2026

CRM (Salesforce, Inc.) is a stock, while SMIN (iShares MSCI India Small-Cap ETF) is Asia Pacific Equities fund tracking the MSCI India Small Cap Index. Over the past 10 years, CRM returned 7.60%/yr vs 9.73%/yr for SMIN. At a 0.25 correlation, their price movements are largely independent.

Performance

CRM vs. SMIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Salesforce, Inc. (CRM) and iShares MSCI India Small-Cap ETF (SMIN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CRM achieves a -37.06% return, which is significantly lower than SMIN's -4.03% return. Over the past 10 years, CRM has underperformed SMIN with an annualized return of 7.60%, while SMIN has yielded a comparatively higher 9.73% annualized return.

CRM

1D
-0.34%
1M
-0.75%
YTD
-37.06%
6M
-36.31%
1Y
-35.16%
3Y*
-6.88%
5Y*
-6.82%
10Y*
7.60%

SMIN

1D
1.44%
1M
0.72%
YTD
-4.03%
6M
-1.54%
1Y
-8.33%
3Y*
8.94%
5Y*
6.19%
10Y*
9.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CRM vs. SMIN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CRM
Salesforce, Inc.		-37.06%-20.25%27.76%98.46%-47.83%14.20%36.82%18.74%33.98%49.33%
SMIN
iShares MSCI India Small-Cap ETF		-4.03%-6.68%16.78%35.41%-14.23%44.43%19.59%-5.21%-25.55%62.36%

Correlation

The correlation between CRM and SMIN is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.03

Correlation (3Y)
Calculated over the trailing 3-year period

0.12

Correlation (5Y)
Calculated over the trailing 5-year period

0.23

Correlation (10Y)
Calculated over the trailing 10-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Feb 9, 2012

0.25

Over the past year, the correlation between CRM and SMIN has dropped to 0.03 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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Salesforce, Inc.

iShares MSCI India Small-Cap ETF

Often compared with CRM:
CRM vs. NOWCRM vs. SPYCRM vs. WDAYCRM vs. UNHCRM vs. ANETCRM vs. QQQCRM vs. SHOP
Often compared with SMIN:
SMIN vs. INDASMIN vs. EPISMIN vs. FLINSMIN vs. NFTYSMIN vs. INCOSMIN vs. EWSSMIN vs. VOO

Return for Risk

CRM vs. SMIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CRM
CRM Risk / Return Rank: 66
Overall Rank
CRM Sharpe Ratio Rank: 66
Sharpe Ratio Rank
CRM Sortino Ratio Rank: 88
Sortino Ratio Rank
CRM Omega Ratio Rank: 99
Omega Ratio Rank
CRM Calmar Ratio Rank: 44
Calmar Ratio Rank
CRM Martin Ratio Rank: 22
Martin Ratio Rank
SMIN
SMIN Risk / Return Rank: 55
Overall Rank
SMIN Sharpe Ratio Rank: 55
Sharpe Ratio Rank
SMIN Sortino Ratio Rank: 55
Sortino Ratio Rank
SMIN Omega Ratio Rank: 55
Omega Ratio Rank
SMIN Calmar Ratio Rank: 66
Calmar Ratio Rank
SMIN Martin Ratio Rank: 66
Martin Ratio Rank
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.

CRM vs. SMIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Salesforce, Inc. (CRM) and iShares MSCI India Small-Cap ETF (SMIN). 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.

CRMSMINDifference
Sharpe ratioReturn per unit of total volatility
-0.98
-0.51

-0.47

Sortino ratioReturn per unit of downside risk
-1.38
-0.64

-0.73

Omega ratioGain probability vs. loss probability

0.84

0.93

-0.09

Calmar ratioReturn relative to maximum drawdown

-0.95

-0.39

-0.56

Martin ratioReturn relative to average drawdown

-1.78

-0.87

-0.92

CRM vs. SMIN - Sharpe Ratio Comparison

The current CRM Sharpe Ratio is -0.98, which is lower than the SMIN Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of CRM and SMIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CRM vs. SMIN - Drawdown Comparison

The maximum CRM drawdown since its inception was -70.50%, which is greater than SMIN's maximum drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for CRM and SMIN.

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Drawdown Indicators

CRMSMINDifference

Max Drawdown

Largest peak-to-trough decline

-70.50%

-60.50%

-10.00%

Max Drawdown (1Y)

Largest decline over 1 year

-39.36%

-24.54%

-14.82%

Max Drawdown (3Y)

Largest decline over 3 years

-54.70%

-27.58%

-27.12%

Max Drawdown (5Y)

Largest decline over 5 years

-58.62%

-27.58%

-31.04%

Max Drawdown (10Y)

Largest decline over 10 years

-58.62%

-60.50%

+1.88%

Current Drawdown

Current decline from peak

-54.33%

-16.07%

-38.26%

Average Drawdown

Average peak-to-trough decline

-16.15%

-14.62%

-1.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

20.92%

11.01%

+9.91%

Volatility

CRM vs. SMIN - Volatility Comparison

Salesforce, Inc. (CRM) has a higher volatility of 16.76% compared to iShares MSCI India Small-Cap ETF (SMIN) at 4.86%. This indicates that CRM's price experiences larger fluctuations and is considered to be riskier than SMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CRMSMINDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.76%

4.86%

+11.90%

Volatility (6M)

Calculated over the trailing 6-month period

31.59%

15.58%

+16.01%

Volatility (1Y)

Calculated over the trailing 1-year period

38.09%

18.67%

+19.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

37.07%

18.88%

+18.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.38%

22.83%

+12.55%

Dividends

CRM vs. SMIN - Dividend Comparison

CRM's dividend yield for the trailing twelve months is around 1.28%, less than SMIN's 2.10% yield.

PositionTTM20252024202320222021202020192018201720162015
CRM
Salesforce, Inc.		1.28%0.63%0.48%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SMIN
iShares MSCI India Small-Cap ETF		2.10%2.01%6.84%0.41%0.01%1.27%1.06%1.75%1.68%0.89%2.30%0.93%

Frequently Asked Questions

CRM and SMIN have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CRM has higher volatility (16.76%) compared to SMIN (4.86%). In terms of maximum drawdown, CRM dropped -70.50% vs SMIN's -60.50%.

SMIN currently has the higher Sharpe Ratio (-0.51 vs -0.98), 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.

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