INDQ vs. SMIN
INDQ (Pacer ActiveAlpha India Quality ETF) and SMIN (iShares MSCI India Small-Cap ETF) are both India Equities funds. INDQ is actively managed, while SMIN is passively managed. Their correlation of 0.82 suggests significant overlap in exposure. INDQ charges 0.88%/yr vs 0.74%/yr for SMIN.
Performance
INDQ vs. SMIN - Performance Comparison
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Returns By Period
INDQ
- 1D
- -0.53%
- 1M
- -0.66%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMIN
- 1D
- -1.77%
- 1M
- 5.49%
- 6M
- 0.07%
- YTD
- -0.14%
- 1Y
- -7.04%
- 3Y*
- 9.53%
- 5Y*
- 7.13%
- 10Y*
- 9.36%
INDQ vs. SMIN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
INDQ Pacer ActiveAlpha India Quality ETF | 3.17% |
SMIN iShares MSCI India Small-Cap ETF | 16.43% |
Correlation
The correlation between INDQ and SMIN is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026 | 0.82 |
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Return for Risk
INDQ vs. SMIN — Risk / Return Rank
INDQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SMIN
INDQ vs. SMIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer ActiveAlpha India Quality ETF (INDQ) 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.
| INDQ | SMIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.95 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.29 | — |
| Martin ratioReturn relative to average drawdown | — | -0.63 | — |
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Drawdowns
INDQ vs. SMIN - Drawdown Comparison
The maximum INDQ drawdown since its inception was -6.55%, smaller than the maximum SMIN drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for INDQ and SMIN.
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Drawdown Indicators
| INDQ | SMIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.55% | -60.50% | +53.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.50% | — |
Current DrawdownCurrent decline from peak | -6.09% | -12.67% | +6.58% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -14.61% | +11.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.22% | — |
Volatility
INDQ vs. SMIN - Volatility Comparison
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Volatility by Period
| INDQ | SMIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.75% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.92% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.86% | 18.93% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 18.95% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.86% | 22.83% | -2.97% |
INDQ vs. SMIN - Expense Ratio Comparison
INDQ has a 0.88% expense ratio, which is higher than SMIN's 0.74% expense ratio.
Dividends
INDQ vs. SMIN - Dividend Comparison
INDQ has not paid dividends to shareholders, while SMIN's dividend yield for the trailing twelve months is around 2.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDQ Pacer ActiveAlpha India Quality ETF | 0.00% | 0.00% | 0.00% | 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 | 2.02% | 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
INDQ and SMIN have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMIN is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMIN is cheaper with a 0.74% expense ratio, compared with 0.88% for INDQ.
SMIN has the higher dividend yield at 2.02%, compared with 0.00% for INDQ.
They also come from different issuers: Pacer and iShares. Their fees differ too: 0.88% for INDQ and 0.74% for SMIN.
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