DUOL vs. SMIN
DUOL (Duolingo, 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 3 years, DUOL returned -8.39%/yr vs 8.94%/yr for SMIN. At a 0.20 correlation, their price movements are largely independent.
Performance
DUOL vs. SMIN - Performance Comparison
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Returns By Period
In the year-to-date period, DUOL achieves a -30.13% return, which is significantly lower than SMIN's -4.03% return.
DUOL
- 1D
- -0.98%
- 1M
- 12.34%
- YTD
- -30.13%
- 6M
- -37.52%
- 1Y
- -74.37%
- 3Y*
- -8.39%
- 5Y*
- —
- 10Y*
- —
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%
DUOL vs. SMIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DUOL Duolingo, Inc. | -30.13% | -45.87% | 42.93% | 218.92% | -32.97% | -24.96% |
SMIN iShares MSCI India Small-Cap ETF | -4.03% | -6.68% | 16.78% | 35.41% | -14.23% | 8.64% |
Correlation
The correlation between DUOL and SMIN is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2021 | 0.20 |
The correlation between DUOL and SMIN shifts across timeframes, from -0.04 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DUOL vs. SMIN — Risk / Return Rank
DUOL
SMIN
DUOL vs. SMIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Duolingo, Inc. (DUOL) 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.
| DUOL | SMIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 0.93 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -0.39 | -0.53 |
| Martin ratioReturn relative to average drawdown | -1.26 | -0.87 | -0.39 |
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Drawdowns
DUOL vs. SMIN - Drawdown Comparison
The maximum DUOL drawdown since its inception was -83.35%, which is greater than SMIN's maximum drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for DUOL and SMIN.
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Drawdown Indicators
| DUOL | SMIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.35% | -60.50% | -22.85% |
Max Drawdown (1Y)Largest decline over 1 year | -81.19% | -24.54% | -56.65% |
Max Drawdown (3Y)Largest decline over 3 years | -83.35% | -27.58% | -55.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.50% | — |
Current DrawdownCurrent decline from peak | -77.32% | -16.07% | -61.25% |
Average DrawdownAverage peak-to-trough decline | -35.76% | -14.62% | -21.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.48% | 11.01% | +48.47% |
Volatility
DUOL vs. SMIN - Volatility Comparison
Duolingo, Inc. (DUOL) has a higher volatility of 15.67% compared to iShares MSCI India Small-Cap ETF (SMIN) at 4.86%. This indicates that DUOL'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
| DUOL | SMIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.67% | 4.86% | +10.81% |
Volatility (6M)Calculated over the trailing 6-month period | 40.94% | 15.58% | +25.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.97% | 18.67% | +44.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.21% | 18.88% | +47.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.21% | 22.83% | +43.38% |
Dividends
DUOL vs. SMIN - Dividend Comparison
DUOL has not paid dividends to shareholders, while SMIN's dividend yield for the trailing twelve months is around 2.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DUOL Duolingo, Inc. | 0.00% | 0.00% | 0.00% | 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
DUOL and SMIN have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DUOL has higher volatility (15.67%) compared to SMIN (4.86%). In terms of maximum drawdown, DUOL dropped -83.35% vs SMIN's -60.50%.
SMIN currently has the higher Sharpe Ratio (-0.51 vs -1.19), 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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