PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
MRK vs. SMIN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MRK vs. SMIN

Last updated Jun 13, 2026

MRK (Merck & Co., Inc.) is a stock, while SMIN (iShares MSCI India Small-Cap ETF) is Asia Pacific Equities fund tracking the MSCI India Small Cap Index. Over the past 10 years, MRK returned 11.59%/yr vs 9.73%/yr for SMIN. At a 0.20 correlation, their price movements are largely independent.

Performance

MRK vs. SMIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Merck & Co., Inc. (MRK) and iShares MSCI India Small-Cap ETF (SMIN). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, MRK achieves a 13.94% return, which is significantly higher than SMIN's -4.03% return. Over the past 10 years, MRK has outperformed SMIN with an annualized return of 11.59%, while SMIN has yielded a comparatively lower 9.73% annualized return.

MRK

1D
-1.42%
1M
4.97%
YTD
13.94%
6M
20.60%
1Y
50.99%
3Y*
5.87%
5Y*
12.81%
10Y*
11.59%

SMIN

1D
1.44%
1M
0.72%
YTD
-4.03%
6M
-1.54%
1Y
-8.33%
3Y*
8.94%
5Y*
6.19%
10Y*
9.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MRK vs. SMIN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MRK
Merck & Co., Inc.		13.94%9.79%-6.26%1.01%49.42%1.75%-7.20%22.27%39.95%-1.49%
SMIN
iShares MSCI India Small-Cap ETF		-4.03%-6.68%16.78%35.41%-14.23%44.43%19.59%-5.21%-25.55%62.36%

Correlation

The correlation between MRK and SMIN is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.10

Correlation (3Y)
Calculated over the trailing 3-year period

0.11

Correlation (5Y)
Calculated over the trailing 5-year period

0.13

Correlation (10Y)
Calculated over the trailing 10-year period

0.16

Correlation (All Time)
Calculated using the full available price history since Feb 9, 2012

0.20

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Merck & Co., Inc.

iShares MSCI India Small-Cap ETF

Often compared with MRK:
MRK vs. PFEMRK vs. NVOMRK vs. BMYMRK vs. ABBVMRK vs. AMGNMRK vs. VOOMRK vs. REGN
Often compared with SMIN:
SMIN vs. INDASMIN vs. EPISMIN vs. FLINSMIN vs. NFTYSMIN vs. INCOSMIN vs. EWSSMIN vs. VOO

Return for Risk

MRK vs. SMIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MRK
MRK Risk / Return Rank: 8888
Overall Rank
MRK Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
MRK Sortino Ratio Rank: 8888
Sortino Ratio Rank
MRK Omega Ratio Rank: 8585
Omega Ratio Rank
MRK Calmar Ratio Rank: 9191
Calmar Ratio Rank
MRK Martin Ratio Rank: 9090
Martin Ratio Rank
SMIN
SMIN Risk / Return Rank: 55
Overall Rank
SMIN Sharpe Ratio Rank: 55
Sharpe Ratio Rank
SMIN Sortino Ratio Rank: 55
Sortino Ratio Rank
SMIN Omega Ratio Rank: 55
Omega Ratio Rank
SMIN Calmar Ratio Rank: 66
Calmar Ratio Rank
SMIN Martin Ratio Rank: 66
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MRK vs. SMIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Merck & Co., Inc. (MRK) 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.

MRKSMINDifference
Sharpe ratioReturn per unit of total volatility
1.88
-0.51

+2.39

Sortino ratioReturn per unit of downside risk
2.80
-0.64

+3.44

Omega ratioGain probability vs. loss probability

1.33

0.93

+0.40

Calmar ratioReturn relative to maximum drawdown

4.49

-0.39

+4.88

Martin ratioReturn relative to average drawdown

11.22

-0.87

+12.08

MRK vs. SMIN - Sharpe Ratio Comparison

The current MRK Sharpe Ratio is 1.88, which is higher than the SMIN Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of MRK and SMIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

MRK vs. SMIN - Drawdown Comparison

The maximum MRK drawdown since its inception was -68.61%, which is greater than SMIN's maximum drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for MRK and SMIN.

Loading charts...

Drawdown Indicators

MRKSMINDifference

Max Drawdown

Largest peak-to-trough decline

-68.61%

-60.50%

-8.11%

Max Drawdown (1Y)

Largest decline over 1 year

-11.37%

-24.54%

+13.17%

Max Drawdown (3Y)

Largest decline over 3 years

-43.44%

-27.58%

-15.86%

Max Drawdown (5Y)

Largest decline over 5 years

-43.44%

-27.58%

-15.86%

Max Drawdown (10Y)

Largest decline over 10 years

-43.44%

-60.50%

+17.06%

Current Drawdown

Current decline from peak

-5.03%

-16.07%

+11.04%

Average Drawdown

Average peak-to-trough decline

-18.83%

-14.62%

-4.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.54%

11.01%

-6.47%

Volatility

MRK vs. SMIN - Volatility Comparison

Merck & Co., Inc. (MRK) has a higher volatility of 9.57% compared to iShares MSCI India Small-Cap ETF (SMIN) at 4.86%. This indicates that MRK'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.

Loading charts...

Volatility by Period

MRKSMINDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.57%

4.86%

+4.71%

Volatility (6M)

Calculated over the trailing 6-month period

18.04%

15.58%

+2.46%

Volatility (1Y)

Calculated over the trailing 1-year period

27.18%

18.67%

+8.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.66%

18.88%

+4.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.96%

22.83%

+0.13%

Dividends

MRK vs. SMIN - Dividend Comparison

MRK's dividend yield for the trailing twelve months is around 2.79%, more than SMIN's 2.10% yield.

PositionTTM20252024202320222021202020192018201720162015
MRK
Merck & Co., Inc.		2.79%3.12%3.14%2.72%2.52%3.41%3.03%2.48%2.60%3.36%3.14%3.43%
SMIN
iShares MSCI India Small-Cap ETF		2.10%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

MRK and SMIN have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MRK has higher volatility (9.57%) compared to SMIN (4.86%). In terms of maximum drawdown, MRK dropped -68.61% vs SMIN's -60.50%.

MRK currently has the higher Sharpe Ratio (1.88 vs -0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for MRK and SMIN

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer