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SMIN vs. FLAU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SMIN vs. FLAU

Last updated Jun 5, 2026

SMIN (iShares MSCI India Small-Cap ETF) and FLAU (Franklin FTSE Australia ETF) are both Asia Pacific Equities funds - SMIN tracks the MSCI India Small Cap Index while FLAU tracks the FTSE Australia RIC Capped Index. Both are passively managed. Over the past 5 years, SMIN returned 6.49%/yr vs 5.94%/yr for FLAU. At a 0.40 correlation, their price movements are largely independent. SMIN charges 0.76%/yr vs 0.09%/yr for FLAU.

Performance

SMIN vs. FLAU - Performance Comparison

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

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Returns By Period

In the year-to-date period, SMIN achieves a -3.98% return, which is significantly lower than FLAU's 10.26% return.

SMIN

1D
2.05%
1M
0.58%
YTD
-3.98%
6M
-3.28%
1Y
-7.97%
3Y*
10.06%
5Y*
6.49%
10Y*
9.63%

FLAU

1D
-0.20%
1M
-0.14%
YTD
10.26%
6M
11.87%
1Y
15.17%
3Y*
13.13%
5Y*
5.94%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SMIN vs. FLAU - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SMIN
iShares MSCI India Small-Cap ETF		-3.98%-6.68%16.78%35.41%-14.23%44.43%19.59%-5.21%-25.55%6.45%
FLAU
Franklin FTSE Australia ETF		10.26%15.95%1.81%12.58%-5.58%9.90%11.00%23.38%-10.17%1.89%

Correlation

The correlation between SMIN and FLAU is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.41

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

0.36

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

0.42

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2017

0.40

SMIN vs. FLAU - Sectors Allocation Comparison

Sectors
SMIN
FLAU

Industrials

21.1%
6.4%

Financial Services

18.9%
36.0%

Healthcare

13.7%
4.9%

Consumer Cyclical

13.5%
6.6%

Basic Materials

12.2%
26.2%

Technology

7.8%
1.2%

Consumer Defensive

4.0%
3.7%

Real Estate

3.6%
6.4%

Utilities

2.7%
0.8%

Communication Services

1.6%
1.7%

Energy

0.9%
5.7%

Industrials

SMIN
21.1%
FLAU
6.4%

Financial Services

SMIN
18.9%
FLAU
36.0%

Healthcare

SMIN
13.7%
FLAU
4.9%

Consumer Cyclical

SMIN
13.5%
FLAU
6.6%

Basic Materials

SMIN
12.2%
FLAU
26.2%

Technology

SMIN
7.8%
FLAU
1.2%

Consumer Defensive

SMIN
4.0%
FLAU
3.7%

Real Estate

SMIN
3.6%
FLAU
6.4%

Utilities

SMIN
2.7%
FLAU
0.8%

Communication Services

SMIN
1.6%
FLAU
1.7%

Energy

SMIN
0.9%
FLAU
5.7%

Compare stocks, funds, or ETFs

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

iShares MSCI India Small-Cap ETF

Franklin FTSE Australia ETF

Often compared with SMIN:
SMIN vs. INDASMIN vs. EPISMIN vs. FLINSMIN vs. NFTYSMIN vs. INCOSMIN vs. EWSSMIN vs. VOO
Often compared with FLAU:
FLAU vs. EWAFLAU vs. FLBRFLAU vs. FLGBFLAU vs. EPIFLAU vs. PEYFLAU vs. BCDFLAU vs. QQQ

Return for Risk

SMIN vs. FLAU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
FLAU
FLAU Risk / Return Rank: 2828
Overall Rank
FLAU Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
FLAU Sortino Ratio Rank: 2626
Sortino Ratio Rank
FLAU Omega Ratio Rank: 2525
Omega Ratio Rank
FLAU Calmar Ratio Rank: 3131
Calmar Ratio Rank
FLAU Martin Ratio Rank: 3232
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.

SMIN vs. FLAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India Small-Cap ETF (SMIN) and Franklin FTSE Australia ETF (FLAU). 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.

SMINFLAUDifference
Sharpe ratioReturn per unit of total volatility
-0.43
0.92

-1.35

Sortino ratioReturn per unit of downside risk
-0.52
1.36

-1.87

Omega ratioGain probability vs. loss probability

0.94

1.17

-0.22

Calmar ratioReturn relative to maximum drawdown

-0.33

1.52

-1.85

Martin ratioReturn relative to average drawdown

-0.74

4.69

-5.43

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMIN vs. FLAU - Sharpe Ratio Comparison

The current SMIN Sharpe Ratio is -0.43, which is lower than the FLAU Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of SMIN and FLAU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SMINFLAUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.43

0.92

-1.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

0.30

+0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.42

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.33

+0.03

Drawdowns

SMIN vs. FLAU - Drawdown Comparison

The maximum SMIN drawdown since its inception was -60.50%, which is greater than FLAU's maximum drawdown of -45.73%. Use the drawdown chart below to compare losses from any high point for SMIN and FLAU.

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Drawdown Indicators

SMINFLAUDifference

Max Drawdown

Largest peak-to-trough decline

-60.50%

-45.73%

-14.77%

Max Drawdown (1Y)

Largest decline over 1 year

-24.54%

-10.01%

-14.53%

Max Drawdown (3Y)

Largest decline over 3 years

-27.58%

-22.03%

-5.55%

Max Drawdown (5Y)

Largest decline over 5 years

-27.58%

-24.68%

-2.90%

Max Drawdown (10Y)

Largest decline over 10 years

-60.50%

—

—

Current Drawdown

Current decline from peak

-16.02%

-3.30%

-12.72%

Average Drawdown

Average peak-to-trough decline

-14.62%

-6.79%

-7.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.82%

3.24%

+7.58%

Volatility

SMIN vs. FLAU - Volatility Comparison

iShares MSCI India Small-Cap ETF (SMIN) has a higher volatility of 6.11% compared to Franklin FTSE Australia ETF (FLAU) at 5.35%. This indicates that SMIN's price experiences larger fluctuations and is considered to be riskier than FLAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SMINFLAUDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.11%

5.35%

+0.76%

Volatility (6M)

Calculated over the trailing 6-month period

15.65%

13.65%

+2.00%

Volatility (1Y)

Calculated over the trailing 1-year period

18.54%

16.63%

+1.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.86%

19.60%

-0.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.83%

23.58%

-0.75%

SMIN vs. FLAU - Expense Ratio Comparison

SMIN has a 0.76% expense ratio, which is higher than FLAU's 0.09% expense ratio.

Dividends

SMIN vs. FLAU - Dividend Comparison

SMIN's dividend yield for the trailing twelve months is around 2.10%, less than FLAU's 2.95% yield.

PositionTTM20252024202320222021202020192018201720162015
FLAU
Franklin FTSE Australia ETF		2.95%3.25%3.37%3.62%5.91%5.14%2.18%4.37%4.34%0.18%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 FLAU have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SMIN has higher volatility (6.11%) compared to FLAU (5.35%). In terms of maximum drawdown, SMIN dropped -60.50% vs FLAU's -45.73%.

On 5-year performance, SMIN leads with 6.49% vs 5.94% for FLAU. On fees, FLAU is cheaper at 0.09% per year. On volatility, FLAU has been the lower-risk option at 5.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SMIN has performed better with a 6.49% return vs 5.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLAU is cheaper with a 0.09% expense ratio, compared with 0.76% for SMIN.

FLAU has the higher dividend yield at 2.95%, compared with 2.10% for SMIN.

SMIN tracks MSCI India Small Cap Index, while FLAU tracks FTSE Australia RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.76% for SMIN and 0.09% for FLAU.

FLAU currently has the higher Sharpe Ratio (0.92 vs -0.43), 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.

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