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GOOG vs. SMIN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GOOG vs. SMIN

Last updated Jun 13, 2026

GOOG (Alphabet 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, GOOG returned 25.97%/yr vs 9.73%/yr for SMIN. At a 0.35 correlation, their price movements are largely independent.

Performance

GOOG vs. SMIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alphabet Inc (GOOG) 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, GOOG achieves a 14.29% return, which is significantly higher than SMIN's -4.03% return. Over the past 10 years, GOOG has outperformed SMIN with an annualized return of 25.97%, while SMIN has yielded a comparatively lower 9.73% annualized return.

GOOG

1D
0.45%
1M
-9.77%
YTD
14.29%
6M
15.49%
1Y
104.22%
3Y*
42.67%
5Y*
23.51%
10Y*
25.97%

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)

GOOG vs. SMIN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GOOG
Alphabet Inc		14.29%65.42%35.62%58.83%-38.67%65.17%31.03%29.10%-1.03%35.58%
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 GOOG and SMIN is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.39

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

0.30

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

0.37

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

0.36

Correlation (All Time)
Calculated using the full available price history since Apr 3, 2014

0.35

Compare stocks, funds, or ETFs

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Alphabet Inc

iShares MSCI India Small-Cap ETF

Often compared with GOOG:
GOOG vs. MSFTGOOG vs. GOOGLGOOG vs. AMZNGOOG vs. AAPLGOOG vs. SPYGOOG vs. METAGOOG vs. QQQ
Often compared with SMIN:
SMIN vs. INDASMIN vs. EPISMIN vs. FLINSMIN vs. NFTYSMIN vs. INCOSMIN vs. EWSSMIN vs. VOO

Return for Risk

GOOG vs. SMIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GOOG
GOOG Risk / Return Rank: 9696
Overall Rank
GOOG Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
GOOG Sortino Ratio Rank: 9898
Sortino Ratio Rank
GOOG Omega Ratio Rank: 9696
Omega Ratio Rank
GOOG Calmar Ratio Rank: 9393
Calmar Ratio Rank
GOOG Martin Ratio Rank: 9595
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.

GOOG vs. SMIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc (GOOG) 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.

GOOGSMINDifference
Sharpe ratioReturn per unit of total volatility
3.60
-0.51

+4.12

Sortino ratioReturn per unit of downside risk
4.96
-0.64

+5.60

Omega ratioGain probability vs. loss probability

1.59

0.93

+0.66

Calmar ratioReturn relative to maximum drawdown

4.99

-0.39

+5.38

Martin ratioReturn relative to average drawdown

17.56

-0.87

+18.42

GOOG vs. SMIN - Sharpe Ratio Comparison

The current GOOG Sharpe Ratio is 3.60, which is higher than the SMIN Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of GOOG 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

GOOG vs. SMIN - Drawdown Comparison

The maximum GOOG drawdown since its inception was -44.60%, smaller than the maximum SMIN drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for GOOG and SMIN.

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Drawdown Indicators

GOOGSMINDifference

Max Drawdown

Largest peak-to-trough decline

-44.60%

-60.50%

+15.90%

Max Drawdown (1Y)

Largest decline over 1 year

-20.75%

-24.54%

+3.79%

Max Drawdown (3Y)

Largest decline over 3 years

-29.35%

-27.58%

-1.77%

Max Drawdown (5Y)

Largest decline over 5 years

-44.60%

-27.58%

-17.02%

Max Drawdown (10Y)

Largest decline over 10 years

-44.60%

-60.50%

+15.90%

Current Drawdown

Current decline from peak

-10.19%

-16.07%

+5.88%

Average Drawdown

Average peak-to-trough decline

-8.89%

-14.62%

+5.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.88%

11.01%

-5.13%

Volatility

GOOG vs. SMIN - Volatility Comparison

Alphabet Inc (GOOG) has a higher volatility of 7.29% compared to iShares MSCI India Small-Cap ETF (SMIN) at 4.86%. This indicates that GOOG'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

GOOGSMINDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.29%

4.86%

+2.43%

Volatility (6M)

Calculated over the trailing 6-month period

20.47%

15.58%

+4.89%

Volatility (1Y)

Calculated over the trailing 1-year period

28.75%

18.67%

+10.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.15%

18.88%

+12.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.02%

22.83%

+6.19%

Dividends

GOOG vs. SMIN - Dividend Comparison

GOOG's dividend yield for the trailing twelve months is around 0.24%, less than SMIN's 2.10% yield.

PositionTTM20252024202320222021202020192018201720162015
GOOG
Alphabet Inc		0.24%0.26%0.32%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

GOOG and SMIN have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GOOG has higher volatility (7.29%) compared to SMIN (4.86%). In terms of maximum drawdown, GOOG dropped -44.60% vs SMIN's -60.50%.

GOOG currently has the higher Sharpe Ratio (3.60 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.

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