SMIN vs. DUOL
SMIN (iShares MSCI India Small-Cap ETF) is Asia Pacific Equities fund tracking the MSCI India Small Cap Index, while DUOL (Duolingo, Inc.) is a stock. Over the past 3 years, SMIN returned 8.94%/yr vs -8.39%/yr for DUOL. At a 0.20 correlation, their price movements are largely independent.
Performance
SMIN vs. DUOL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMIN achieves a -4.03% return, which is significantly higher than DUOL's -30.13% return.
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%
DUOL
- 1D
- -0.98%
- 1M
- 12.34%
- YTD
- -30.13%
- 6M
- -37.52%
- 1Y
- -74.37%
- 3Y*
- -8.39%
- 5Y*
- —
- 10Y*
- —
SMIN vs. DUOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SMIN iShares MSCI India Small-Cap ETF | -4.03% | -6.68% | 16.78% | 35.41% | -14.23% | 8.64% |
DUOL Duolingo, Inc. | -30.13% | -45.87% | 42.93% | 218.92% | -32.97% | -24.96% |
Correlation
The correlation between SMIN and DUOL is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2021 | 0.20 |
The correlation between SMIN and DUOL shifts across timeframes, from -0.04 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SMIN vs. DUOL — Risk / Return Rank
SMIN
DUOL
SMIN vs. DUOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India Small-Cap ETF (SMIN) and Duolingo, Inc. (DUOL). 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.
| SMIN | DUOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.72 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | -0.92 | +0.53 |
| Martin ratioReturn relative to average drawdown | -0.87 | -1.26 | +0.39 |
Loading charts...
Drawdowns
SMIN vs. DUOL - Drawdown Comparison
The maximum SMIN drawdown since its inception was -60.50%, smaller than the maximum DUOL drawdown of -83.35%. Use the drawdown chart below to compare losses from any high point for SMIN and DUOL.
Loading charts...
Drawdown Indicators
| SMIN | DUOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.50% | -83.35% | +22.85% |
Max Drawdown (1Y)Largest decline over 1 year | -24.54% | -81.19% | +56.65% |
Max Drawdown (3Y)Largest decline over 3 years | -27.58% | -83.35% | +55.77% |
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 | -16.07% | -77.32% | +61.25% |
Average DrawdownAverage peak-to-trough decline | -14.62% | -35.76% | +21.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.01% | 59.48% | -48.47% |
Volatility
SMIN vs. DUOL - Volatility Comparison
The current volatility for iShares MSCI India Small-Cap ETF (SMIN) is 4.86%, while Duolingo, Inc. (DUOL) has a volatility of 15.67%. This indicates that SMIN experiences smaller price fluctuations and is considered to be less risky than DUOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SMIN | DUOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 15.67% | -10.81% |
Volatility (6M)Calculated over the trailing 6-month period | 15.58% | 40.94% | -25.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.67% | 62.97% | -44.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 66.21% | -47.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.83% | 66.21% | -43.38% |
Dividends
SMIN vs. DUOL - Dividend Comparison
SMIN's dividend yield for the trailing twelve months is around 2.10%, while DUOL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DUOL Duolingo, Inc. | 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 | 2.10% | 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
SMIN and DUOL have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DUOL has higher volatility (15.67%) compared to SMIN (4.86%). In terms of maximum drawdown, SMIN dropped -60.50% vs DUOL's -83.35%.
SMIN currently has the higher Sharpe Ratio (-0.51 vs -1.19), 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.
Find the right allocation for SMIN and DUOL
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