INDF vs. SMIN
Compare and contrast key facts about Nifty India Financials ETF (INDF) and iShares MSCI India Small-Cap ETF (SMIN).
INDF and SMIN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INDF is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Nifty Financial Services 25/50 Index. It was launched on Oct 20, 2020. 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 INDF 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: INDF or SMIN.
Key characteristics
| INDF | SMIN | |
|---|---|---|
| YTD Return | 7.66% | 13.20% |
| 1Y Return | 15.48% | 20.43% |
| 3Y Return (Ann) | 3.70% | 8.51% |
| Sharpe Ratio | 0.91 | 1.25 |
| Sortino Ratio | 1.26 | 1.59 |
| Omega Ratio | 1.18 | 1.24 |
| Calmar Ratio | 1.76 | 2.13 |
| Martin Ratio | 5.46 | 7.45 |
| Ulcer Index | 3.10% | 3.03% |
| Daily Std Dev | 18.56% | 18.03% |
| Max Drawdown | -25.58% | -60.50% |
| Current Drawdown | -9.61% | -9.16% |
Correlation
The correlation between INDF and SMIN is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
INDF vs. SMIN - Performance Comparison
In the year-to-date period, INDF achieves a 7.66% return, which is significantly lower than SMIN's 13.20% 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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INDF vs. SMIN - Expense Ratio Comparison
INDF has a 0.75% expense ratio, which is lower than SMIN's 0.76% expense ratio.
Risk-Adjusted Performance
INDF vs. SMIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nifty India Financials ETF (INDF) 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
INDF vs. SMIN - Dividend Comparison
INDF's dividend yield for the trailing twelve months is around 8.21%, more than SMIN's 0.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDF Nifty India Financials ETF | 8.21% | 8.84% | 3.12% | 1.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
INDF vs. SMIN - Drawdown Comparison
The maximum INDF drawdown since its inception was -25.58%, smaller than the maximum SMIN drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for INDF and SMIN. For additional features, visit the drawdowns tool.
Volatility
INDF vs. SMIN - Volatility Comparison
Nifty India Financials ETF (INDF) and iShares MSCI India Small-Cap ETF (SMIN) have volatilities of 5.76% and 5.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.