INQQ vs. SMIN
Compare and contrast key facts about India Internet & Ecommerce ETF (INQQ) and iShares MSCI India Small-Cap ETF (SMIN).
INQQ and SMIN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INQQ is a passively managed fund by India that tracks the performance of the INQQ The India Internet & Ecommerce Index - Benchmark TR Gross. It was launched on Apr 5, 2022. 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 INQQ 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.
Performance
INQQ vs. SMIN - Performance Comparison
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INQQ vs. SMIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
INQQ India Internet & Ecommerce ETF | -20.32% | -7.05% | 19.12% | 31.45% | -34.73% |
SMIN iShares MSCI India Small-Cap ETF | -13.16% | -6.68% | 16.78% | 35.41% | -11.62% |
Returns By Period
In the year-to-date period, INQQ achieves a -20.32% return, which is significantly lower than SMIN's -13.16% return.
INQQ
- 1D
- 0.77%
- 1M
- -7.28%
- YTD
- -20.32%
- 6M
- -23.62%
- 1Y
- -16.32%
- 3Y*
- 7.47%
- 5Y*
- —
- 10Y*
- —
SMIN
- 1D
- 1.25%
- 1M
- -6.17%
- YTD
- -13.16%
- 6M
- -14.76%
- 1Y
- -9.28%
- 3Y*
- 10.07%
- 5Y*
- 6.21%
- 10Y*
- 9.02%
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INQQ vs. SMIN - Expense Ratio Comparison
INQQ has a 0.86% expense ratio, which is higher than SMIN's 0.76% expense ratio.
Return for Risk
INQQ vs. SMIN — Risk / Return Rank
INQQ
SMIN
INQQ vs. SMIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for India Internet & Ecommerce ETF (INQQ) 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.
| INQQ | SMIN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.81 | -0.47 | -0.34 |
Sortino ratioReturn per unit of downside risk | -1.08 | -0.55 | -0.53 |
Omega ratioGain probability vs. loss probability | 0.87 | 0.94 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.54 | -0.37 | -0.17 |
Martin ratioReturn relative to average drawdown | -1.57 | -0.98 | -0.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| INQQ | SMIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.81 | -0.47 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.33 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.34 | 0.33 | -0.67 |
Correlation
The correlation between INQQ 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.
Dividends
INQQ vs. SMIN - Dividend Comparison
INQQ's dividend yield for the trailing twelve months is around 2.80%, more than SMIN's 2.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INQQ India Internet & Ecommerce ETF | 2.80% | 2.23% | 1.18% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMIN iShares MSCI India Small-Cap ETF | 2.32% | 2.01% | 6.84% | 0.41% | 0.01% | 1.27% | 1.06% | 1.75% | 1.68% | 0.89% | 2.30% | 0.93% |
Drawdowns
INQQ vs. SMIN - Drawdown Comparison
The maximum INQQ drawdown since its inception was -40.53%, smaller than the maximum SMIN drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for INQQ and SMIN.
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Drawdown Indicators
| INQQ | SMIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.53% | -60.50% | +19.97% |
Max Drawdown (1Y)Largest decline over 1 year | -30.41% | -24.54% | -5.87% |
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 | -29.88% | -24.05% | -5.83% |
Average DrawdownAverage peak-to-trough decline | -16.69% | -14.59% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.50% | 9.16% | +1.34% |
Volatility
INQQ vs. SMIN - Volatility Comparison
The current volatility for India Internet & Ecommerce ETF (INQQ) is 7.25%, while iShares MSCI India Small-Cap ETF (SMIN) has a volatility of 7.91%. This indicates that INQQ 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.
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Volatility by Period
| INQQ | SMIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.25% | 7.91% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 13.79% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 19.65% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 18.87% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.83% | 22.77% | -2.94% |