INCO vs. SMIN
Compare and contrast key facts about Columbia India Consumer ETF (INCO) and iShares MSCI India Small-Cap ETF (SMIN).
INCO and SMIN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INCO is a passively managed fund by Ameriprise Financial that tracks the performance of the Indxx India Consumer Index. It was launched on Aug 10, 2011. 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 INCO 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: INCO or SMIN.
Performance
INCO vs. SMIN - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with INCO having a 12.74% return and SMIN slightly higher at 13.28%. Both investments have delivered pretty close results over the past 10 years, with INCO having a 9.60% annualized return and SMIN not far ahead at 9.76%.
INCO
12.74%
-10.15%
-0.35%
23.67%
14.01%
9.60%
SMIN
13.28%
-8.36%
4.14%
20.46%
18.40%
9.76%
Key characteristics
| INCO | SMIN | |
|---|---|---|
| Sharpe Ratio | 1.77 | 1.19 |
| Sortino Ratio | 2.57 | 1.52 |
| Omega Ratio | 1.31 | 1.23 |
| Calmar Ratio | 1.58 | 2.02 |
| Martin Ratio | 6.34 | 6.82 |
| Ulcer Index | 3.82% | 3.13% |
| Daily Std Dev | 13.64% | 17.96% |
| Max Drawdown | -47.69% | -60.50% |
| Current Drawdown | -15.31% | -9.10% |
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INCO vs. SMIN - Expense Ratio Comparison
INCO has a 0.75% expense ratio, which is lower than SMIN's 0.76% expense ratio.
Correlation
The correlation between INCO and SMIN is 0.72, 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.
Risk-Adjusted Performance
INCO vs. SMIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) 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
INCO vs. SMIN - Dividend Comparison
INCO's dividend yield for the trailing twelve months is around 3.38%, more than SMIN's 0.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INCO Columbia India Consumer ETF | 3.38% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% | 0.00% | 0.08% | 0.00% |
SMIN iShares MSCI India Small-Cap ETF | 0.31% | 0.41% | 0.01% | 1.27% | 1.07% | 1.74% | 1.68% | 0.89% | 2.30% | 0.93% | 0.34% | 0.75% |
Drawdowns
INCO vs. SMIN - Drawdown Comparison
The maximum INCO drawdown since its inception was -47.69%, smaller than the maximum SMIN drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for INCO and SMIN. For additional features, visit the drawdowns tool.
Volatility
INCO vs. SMIN - Volatility Comparison
The current volatility for Columbia India Consumer ETF (INCO) is 2.90%, while iShares MSCI India Small-Cap ETF (SMIN) has a volatility of 5.48%. This indicates that INCO 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.