PIN vs. SMIN
Compare and contrast key facts about Invesco India ETF (PIN) and iShares MSCI India Small-Cap ETF (SMIN).
PIN and SMIN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PIN is a passively managed fund by Invesco that tracks the performance of the FTSE India Quality and Yield Select Net Tax (US RIC) Index. It was launched on Mar 5, 2008. 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 PIN 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: PIN or SMIN.
Performance
PIN vs. SMIN - Performance Comparison
Returns By Period
In the year-to-date period, PIN achieves a 8.87% return, which is significantly lower than SMIN's 14.00% return. Over the past 10 years, PIN has underperformed SMIN with an annualized return of 7.62%, while SMIN has yielded a comparatively higher 9.96% annualized return.
PIN
8.87%
-4.42%
-0.64%
18.49%
12.71%
7.62%
SMIN
14.00%
-2.28%
4.79%
21.52%
18.64%
9.96%
Key characteristics
| PIN | SMIN | |
|---|---|---|
| Sharpe Ratio | 1.24 | 1.16 |
| Sortino Ratio | 1.66 | 1.49 |
| Omega Ratio | 1.24 | 1.22 |
| Calmar Ratio | 1.80 | 1.98 |
| Martin Ratio | 6.16 | 6.33 |
| Ulcer Index | 3.05% | 3.30% |
| Daily Std Dev | 15.12% | 18.03% |
| Max Drawdown | -64.54% | -60.50% |
| Current Drawdown | -10.41% | -8.52% |
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PIN vs. SMIN - Expense Ratio Comparison
PIN has a 0.78% expense ratio, which is higher than SMIN's 0.76% expense ratio.
Correlation
The correlation between PIN and SMIN is 0.76, 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.
Risk-Adjusted Performance
PIN vs. SMIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (PIN) 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
PIN vs. SMIN - Dividend Comparison
PIN's dividend yield for the trailing twelve months is around 1.53%, more than SMIN's 0.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIN Invesco India ETF | 1.53% | 2.08% | 14.07% | 6.95% | 0.72% | 27.85% | 0.96% | 1.01% | 1.18% | 0.60% | 0.99% | 0.48% |
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
PIN vs. SMIN - Drawdown Comparison
The maximum PIN drawdown since its inception was -64.54%, which is greater than SMIN's maximum drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for PIN and SMIN. For additional features, visit the drawdowns tool.
Volatility
PIN vs. SMIN - Volatility Comparison
The current volatility for Invesco India ETF (PIN) is 3.70%, while iShares MSCI India Small-Cap ETF (SMIN) has a volatility of 4.94%. This indicates that PIN 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.