INDA vs. SMIN
Compare and contrast key facts about iShares MSCI India ETF (INDA) and iShares MSCI India Small-Cap ETF (SMIN).
INDA and SMIN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INDA is a passively managed fund by iShares that tracks the performance of the MSCI India Index. It was launched on Feb 2, 2012. 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 INDA 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: INDA or SMIN.
Performance
INDA vs. SMIN - Performance Comparison
Returns By Period
In the year-to-date period, INDA achieves a 8.63% return, which is significantly lower than SMIN's 13.28% return. Over the past 10 years, INDA has underperformed SMIN with an annualized return of 6.51%, while SMIN has yielded a comparatively higher 9.76% annualized return.
INDA
8.63%
-7.06%
0.09%
17.87%
10.72%
6.51%
SMIN
13.28%
-8.36%
4.14%
20.46%
18.40%
9.76%
Key characteristics
| INDA | SMIN | |
|---|---|---|
| Sharpe Ratio | 1.28 | 1.19 |
| Sortino Ratio | 1.68 | 1.52 |
| Omega Ratio | 1.25 | 1.23 |
| Calmar Ratio | 1.72 | 2.02 |
| Martin Ratio | 6.60 | 6.82 |
| Ulcer Index | 2.72% | 3.13% |
| Daily Std Dev | 14.05% | 17.96% |
| Max Drawdown | -45.06% | -60.50% |
| Current Drawdown | -10.44% | -9.10% |
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INDA vs. SMIN - Expense Ratio Comparison
INDA has a 0.69% expense ratio, which is lower than SMIN's 0.76% expense ratio.
Correlation
The correlation between INDA and SMIN is 0.77, 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
INDA vs. SMIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) 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
INDA vs. SMIN - Dividend Comparison
INDA has not paid dividends to shareholders, while SMIN's dividend yield for the trailing twelve months is around 0.31%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDA iShares MSCI India ETF | 0.00% | 0.16% | 0.00% | 6.44% | 0.27% | 1.00% | 0.94% | 1.09% | 0.91% | 1.19% | 0.63% | 0.40% |
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
INDA vs. SMIN - Drawdown Comparison
The maximum INDA drawdown since its inception was -45.06%, smaller than the maximum SMIN drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for INDA and SMIN. For additional features, visit the drawdowns tool.
Volatility
INDA vs. SMIN - Volatility Comparison
The current volatility for iShares MSCI India ETF (INDA) is 3.19%, while iShares MSCI India Small-Cap ETF (SMIN) has a volatility of 5.48%. This indicates that INDA 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.