MMYT vs. SMIN
Compare and contrast key facts about MakeMyTrip Limited (MMYT) and iShares MSCI India Small-Cap ETF (SMIN).
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.
Performance
MMYT vs. SMIN - Performance Comparison
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MMYT vs. SMIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMYT MakeMyTrip Limited | -54.59% | -26.86% | 139.00% | 70.40% | -0.51% | -6.16% | 28.95% | -5.88% | -18.49% | 34.46% |
SMIN iShares MSCI India Small-Cap ETF | -14.23% | -6.68% | 16.78% | 35.41% | -14.23% | 44.43% | 19.59% | -5.21% | -25.55% | 62.36% |
Returns By Period
In the year-to-date period, MMYT achieves a -54.59% return, which is significantly lower than SMIN's -14.23% return. Over the past 10 years, MMYT has underperformed SMIN with an annualized return of 7.56%, while SMIN has yielded a comparatively higher 8.88% annualized return.
MMYT
- 1D
- 2.53%
- 1M
- -33.96%
- YTD
- -54.59%
- 6M
- -60.16%
- 1Y
- -61.95%
- 3Y*
- 15.08%
- 5Y*
- 3.06%
- 10Y*
- 7.56%
SMIN
- 1D
- 3.58%
- 1M
- -9.81%
- YTD
- -14.23%
- 6M
- -14.68%
- 1Y
- -10.13%
- 3Y*
- 9.62%
- 5Y*
- 5.94%
- 10Y*
- 8.88%
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Return for Risk
MMYT vs. SMIN — Risk / Return Rank
MMYT
SMIN
MMYT vs. SMIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MakeMyTrip Limited (MMYT) 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.
| MMYT | SMIN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.27 | -0.52 | -0.75 |
Sortino ratioReturn per unit of downside risk | -2.10 | -0.62 | -1.48 |
Omega ratioGain probability vs. loss probability | 0.73 | 0.93 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.41 | -0.53 |
Martin ratioReturn relative to average drawdown | -2.15 | -1.10 | -1.04 |
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
| MMYT | SMIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.27 | -0.52 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.32 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.39 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.33 | -0.29 |
Correlation
The correlation between MMYT and SMIN is 0.25, 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.
Dividends
MMYT vs. SMIN - Dividend Comparison
MMYT has not paid dividends to shareholders, while SMIN's dividend yield for the trailing twelve months is around 2.35%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMYT MakeMyTrip Limited | 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 | 2.35% | 2.01% | 6.84% | 0.41% | 0.01% | 1.27% | 1.06% | 1.75% | 1.68% | 0.89% | 2.30% | 0.93% |
Drawdowns
MMYT vs. SMIN - Drawdown Comparison
The maximum MMYT drawdown since its inception was -73.45%, which is greater than SMIN's maximum drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for MMYT and SMIN.
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Drawdown Indicators
| MMYT | SMIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.45% | -60.50% | -12.95% |
Max Drawdown (1Y)Largest decline over 1 year | -67.94% | -24.54% | -43.40% |
Max Drawdown (5Y)Largest decline over 5 years | -69.87% | -27.58% | -42.29% |
Max Drawdown (10Y)Largest decline over 10 years | -73.45% | -60.50% | -12.95% |
Current DrawdownCurrent decline from peak | -69.04% | -24.99% | -44.05% |
Average DrawdownAverage peak-to-trough decline | -36.05% | -14.58% | -21.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.83% | 9.07% | +20.76% |
Volatility
MMYT vs. SMIN - Volatility Comparison
MakeMyTrip Limited (MMYT) has a higher volatility of 18.98% compared to iShares MSCI India Small-Cap ETF (SMIN) at 7.92%. This indicates that MMYT's price experiences larger fluctuations and is considered to be riskier 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
| MMYT | SMIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.98% | 7.92% | +11.06% |
Volatility (6M)Calculated over the trailing 6-month period | 36.47% | 13.73% | +22.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.26% | 19.61% | +29.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.57% | 18.88% | +29.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.99% | 22.77% | +30.22% |