SMIN vs. INCO
Compare and contrast key facts about iShares MSCI India Small-Cap ETF (SMIN) and Columbia India Consumer ETF (INCO).
SMIN and INCO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. INCO is a passively managed fund by Ameriprise Financial that tracks the performance of the Indxx India Consumer Index. It was launched on Aug 10, 2011. Both SMIN and INCO 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: SMIN or INCO.
Performance
SMIN vs. INCO - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SMIN having a 13.02% return and INCO slightly higher at 13.66%. Both investments have delivered pretty close results over the past 10 years, with SMIN having a 9.84% annualized return and INCO not far behind at 9.65%.
SMIN
13.02%
-6.72%
2.83%
19.86%
18.30%
9.84%
INCO
13.66%
-7.09%
0.19%
23.48%
14.53%
9.65%
Key characteristics
| SMIN | INCO | |
|---|---|---|
| Sharpe Ratio | 1.12 | 1.81 |
| Sortino Ratio | 1.45 | 2.61 |
| Omega Ratio | 1.22 | 1.31 |
| Calmar Ratio | 1.91 | 1.61 |
| Martin Ratio | 6.35 | 6.29 |
| Ulcer Index | 3.18% | 3.93% |
| Daily Std Dev | 17.99% | 13.65% |
| Max Drawdown | -60.50% | -47.69% |
| Current Drawdown | -9.30% | -14.62% |
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SMIN vs. INCO - Expense Ratio Comparison
SMIN has a 0.76% expense ratio, which is higher than INCO's 0.75% expense ratio.
Correlation
The correlation between SMIN and INCO is 0.72, 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
SMIN vs. INCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India Small-Cap ETF (SMIN) and Columbia India Consumer ETF (INCO). 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
SMIN vs. INCO - Dividend Comparison
SMIN's dividend yield for the trailing twelve months is around 0.31%, less than INCO's 3.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
INCO Columbia India Consumer ETF | 3.35% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% | 0.00% | 0.08% | 0.00% |
Drawdowns
SMIN vs. INCO - Drawdown Comparison
The maximum SMIN drawdown since its inception was -60.50%, which is greater than INCO's maximum drawdown of -47.69%. Use the drawdown chart below to compare losses from any high point for SMIN and INCO. For additional features, visit the drawdowns tool.
Volatility
SMIN vs. INCO - Volatility Comparison
iShares MSCI India Small-Cap ETF (SMIN) has a higher volatility of 5.46% compared to Columbia India Consumer ETF (INCO) at 3.14%. This indicates that SMIN's price experiences larger fluctuations and is considered to be riskier than INCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.