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ENVA vs. SMIN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ENVA vs. SMIN

Last updated Jun 13, 2026

ENVA (Enova International, 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, ENVA returned 38.77%/yr vs 9.73%/yr for SMIN. At a 0.27 correlation, their price movements are largely independent.

Performance

ENVA vs. SMIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enova International, Inc. (ENVA) 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, ENVA achieves a 20.44% return, which is significantly higher than SMIN's -4.03% return. Over the past 10 years, ENVA has outperformed SMIN with an annualized return of 38.77%, while SMIN has yielded a comparatively lower 9.73% annualized return.

ENVA

1D
-0.14%
1M
13.51%
YTD
20.44%
6M
16.35%
1Y
102.88%
3Y*
53.36%
5Y*
39.68%
10Y*
38.77%

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)

ENVA vs. SMIN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ENVA
Enova International, Inc.		20.44%63.95%73.19%44.28%-6.32%65.36%2.95%23.64%28.03%21.12%
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 ENVA and SMIN is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.24

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

0.24

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

0.30

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

0.26

Correlation (All Time)
Calculated using the full available price history since Nov 13, 2014

0.27

Compare stocks, funds, or ETFs

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Enova International, Inc.

iShares MSCI India Small-Cap ETF

Often compared with ENVA:
ENVA vs. SPFIENVA vs. OMFENVA vs. RSGENVA vs. WMENVA vs. DKSENVA vs. BRK-BENVA vs. CORT
Often compared with SMIN:
SMIN vs. INDASMIN vs. EPISMIN vs. FLINSMIN vs. NFTYSMIN vs. INCOSMIN vs. EWSSMIN vs. VOO

Return for Risk

ENVA vs. SMIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ENVA
ENVA Risk / Return Rank: 9191
Overall Rank
ENVA Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
ENVA Sortino Ratio Rank: 9191
Sortino Ratio Rank
ENVA Omega Ratio Rank: 9090
Omega Ratio Rank
ENVA Calmar Ratio Rank: 8989
Calmar Ratio Rank
ENVA Martin Ratio Rank: 8989
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.

ENVA vs. SMIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enova International, Inc. (ENVA) 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.

ENVASMINDifference
Sharpe ratioReturn per unit of total volatility
2.60
-0.51

+3.11

Sortino ratioReturn per unit of downside risk
3.20
-0.64

+3.84

Omega ratioGain probability vs. loss probability

1.40

0.93

+0.47

Calmar ratioReturn relative to maximum drawdown

4.04

-0.39

+4.43

Martin ratioReturn relative to average drawdown

10.44

-0.87

+11.30

ENVA vs. SMIN - Sharpe Ratio Comparison

The current ENVA Sharpe Ratio is 2.60, which is higher than the SMIN Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of ENVA 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

ENVA vs. SMIN - Drawdown Comparison

The maximum ENVA drawdown since its inception was -84.26%, which is greater than SMIN's maximum drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for ENVA and SMIN.

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Drawdown Indicators

ENVASMINDifference

Max Drawdown

Largest peak-to-trough decline

-84.26%

-60.50%

-23.76%

Max Drawdown (1Y)

Largest decline over 1 year

-24.75%

-24.54%

-0.21%

Max Drawdown (3Y)

Largest decline over 3 years

-37.01%

-27.58%

-9.43%

Max Drawdown (5Y)

Largest decline over 5 years

-42.84%

-27.58%

-15.26%

Max Drawdown (10Y)

Largest decline over 10 years

-77.57%

-60.50%

-17.07%

Current Drawdown

Current decline from peak

-0.14%

-16.07%

+15.93%

Average Drawdown

Average peak-to-trough decline

-31.82%

-14.62%

-17.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.57%

11.01%

-1.44%

Volatility

ENVA vs. SMIN - Volatility Comparison

Enova International, Inc. (ENVA) has a higher volatility of 11.26% compared to iShares MSCI India Small-Cap ETF (SMIN) at 4.86%. This indicates that ENVA'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

ENVASMINDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.26%

4.86%

+6.40%

Volatility (6M)

Calculated over the trailing 6-month period

28.77%

15.58%

+13.19%

Volatility (1Y)

Calculated over the trailing 1-year period

38.58%

18.67%

+19.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

40.33%

18.88%

+21.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

49.25%

22.83%

+26.42%

Dividends

ENVA vs. SMIN - Dividend Comparison

ENVA has not paid dividends to shareholders, while SMIN's dividend yield for the trailing twelve months is around 2.10%.

PositionTTM20252024202320222021202020192018201720162015
ENVA
Enova International, 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

ENVA and SMIN have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ENVA has higher volatility (11.26%) compared to SMIN (4.86%). In terms of maximum drawdown, ENVA dropped -84.26% vs SMIN's -60.50%.

ENVA currently has the higher Sharpe Ratio (2.60 vs -0.51), 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.

Portfolio Optimizer

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