GLIN vs. SMIN
Compare and contrast key facts about VanEck Vectors India Growth Leaders ETF (GLIN) and iShares MSCI India Small-Cap ETF (SMIN).
GLIN and SMIN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLIN is a passively managed fund by VanEck that tracks the performance of the MarketGrader India All-Cap Growth Leaders Index. It was launched on Aug 24, 2010. SMIN is a passively managed fund by iShares that tracks the performance of the MSCI India Small Cap Index. It was launched on Feb 8, 2012. Both GLIN and SMIN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLIN or SMIN.
Key characteristics
| GLIN | SMIN | |
|---|---|---|
| YTD Return | 19.01% | 19.66% |
| 1Y Return | 34.71% | 30.90% |
| 3Y Return (Ann) | 7.86% | 10.40% |
| 5Y Return (Ann) | 10.38% | 19.58% |
| 10Y Return (Ann) | 1.99% | 10.69% |
| Sharpe Ratio | 2.09 | 1.78 |
| Sortino Ratio | 2.65 | 2.16 |
| Omega Ratio | 1.40 | 1.33 |
| Calmar Ratio | 0.66 | 2.99 |
| Martin Ratio | 14.75 | 10.95 |
| Ulcer Index | 2.44% | 2.88% |
| Daily Std Dev | 17.20% | 17.77% |
| Max Drawdown | -79.39% | -60.50% |
| Current Drawdown | -38.19% | -3.98% |
Correlation
The correlation between GLIN and SMIN is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GLIN vs. SMIN - Performance Comparison
The year-to-date returns for both investments are quite close, with GLIN having a 19.01% return and SMIN slightly higher at 19.66%. Over the past 10 years, GLIN has underperformed SMIN with an annualized return of 1.99%, while SMIN has yielded a comparatively higher 10.69% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GLIN vs. SMIN - Expense Ratio Comparison
GLIN has a 0.82% expense ratio, which is higher than SMIN's 0.76% expense ratio.
Risk-Adjusted Performance
GLIN vs. SMIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors India Growth Leaders ETF (GLIN) 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.
Dividends
GLIN vs. SMIN - Dividend Comparison
GLIN's dividend yield for the trailing twelve months is around 0.81%, more than SMIN's 0.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIN VanEck Vectors India Growth Leaders ETF | 0.81% | 0.96% | 1.70% | 0.00% | 0.24% | 1.29% | 0.12% | 0.10% | 1.39% | 3.11% | 0.97% | 0.44% |
SMIN iShares MSCI India Small-Cap ETF | 0.29% | 0.41% | 0.01% | 1.27% | 1.07% | 1.74% | 1.68% | 0.89% | 2.30% | 0.93% | 0.34% | 0.75% |
Drawdowns
GLIN vs. SMIN - Drawdown Comparison
The maximum GLIN drawdown since its inception was -79.39%, which is greater than SMIN's maximum drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for GLIN and SMIN. For additional features, visit the drawdowns tool.
Volatility
GLIN vs. SMIN - Volatility Comparison
The current volatility for VanEck Vectors India Growth Leaders ETF (GLIN) is 3.54%, while iShares MSCI India Small-Cap ETF (SMIN) has a volatility of 5.06%. This indicates that GLIN experiences smaller price fluctuations and is considered to be less risky than SMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.