INDE vs. SPY
Compare and contrast key facts about Matthews India Active ETF (INDE) and SPDR S&P 500 ETF (SPY).
INDE and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INDE is an actively managed fund by Matthews Asia. It was launched on Sep 21, 2023. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INDE or SPY.
Correlation
The correlation between INDE and SPY is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
INDE vs. SPY - Performance Comparison
Key characteristics
INDE:
0.02
SPY:
0.51
INDE:
0.14
SPY:
0.86
INDE:
1.02
SPY:
1.13
INDE:
0.02
SPY:
0.55
INDE:
0.04
SPY:
2.26
INDE:
10.12%
SPY:
4.55%
INDE:
17.00%
SPY:
20.08%
INDE:
-22.02%
SPY:
-55.19%
INDE:
-13.20%
SPY:
-9.89%
Returns By Period
In the year-to-date period, INDE achieves a -4.02% return, which is significantly higher than SPY's -5.76% return.
INDE
-4.02%
4.14%
-5.44%
0.29%
N/A
N/A
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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INDE vs. SPY - Expense Ratio Comparison
INDE has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
INDE vs. SPY — Risk-Adjusted Performance Rank
INDE
SPY
INDE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews India Active ETF (INDE) and SPDR S&P 500 ETF (SPY). 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
INDE vs. SPY - Dividend Comparison
INDE's dividend yield for the trailing twelve months is around 0.59%, less than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDE Matthews India Active ETF | 0.59% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
INDE vs. SPY - Drawdown Comparison
The maximum INDE drawdown since its inception was -22.02%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for INDE and SPY. For additional features, visit the drawdowns tool.
Volatility
INDE vs. SPY - Volatility Comparison
The current volatility for Matthews India Active ETF (INDE) is 6.81%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that INDE experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.