SMIN vs. IND
SMIN (iShares MSCI India Small-Cap ETF) and IND (Xtrackers Nifty 500 India ETF) are both India Equities funds - SMIN tracks the MSCI India Small Cap Index while IND tracks the Nifty 500 Index. Both are passively managed. Their 0.76 correlation means they have sometimes moved together and sometimes differently. SMIN charges 0.74%/yr vs 0.19%/yr for IND.
Performance
SMIN vs. IND - Performance Comparison
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Returns By Period
In the year-to-date period, SMIN achieves a 0.14% return, which is significantly higher than IND's -7.85% return.
SMIN
- 1D
- 0.36%
- 1M
- -1.13%
- 6M
- 6.30%
- YTD
- 0.14%
- 1Y
- -2.16%
- 3Y*
- 7.81%
- 5Y*
- 6.28%
- 10Y*
- 9.04%
- ALL TIME*
- 8.80%
IND
- 1D
- 0.23%
- 1M
- -0.04%
- 6M
- -3.74%
- YTD
- -7.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.17K | $11.24K | $22.32K | |
| $9.23M | $9.44M | $11.13M |
SMIN vs. IND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMIN iShares MSCI India Small-Cap ETF | 0.14% | -0.90% |
IND Xtrackers Nifty 500 India ETF | -7.85% | -0.34% |
Correlation
The correlation between SMIN and IND is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | 0.76 |
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Return for Risk
SMIN vs. IND — Risk / Return Rank
SMIN
IND
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SMIN vs. IND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India Small-Cap ETF (SMIN) and Xtrackers Nifty 500 India ETF (IND). 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 | IND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.99 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | — | — |
| Martin ratioReturn relative to average drawdown | -0.29 | — | — |
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Drawdowns
SMIN vs. IND - Drawdown Comparison
The maximum SMIN drawdown since its inception was -60.50%, which is greater than IND's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for SMIN and IND.
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Drawdown Indicators
| SMIN | IND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.50% | -18.75% | -41.75% |
Max Drawdown (1Y)Largest decline over 1 year | -21.99% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -27.58% | — | — |
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 | -12.42% | -9.05% | -3.37% |
Average DrawdownAverage peak-to-trough decline | -14.60% | -8.05% | -6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.75% | — | — |
Volatility
SMIN vs. IND - Volatility Comparison
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Volatility by Period
| SMIN | IND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.74% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.05% | 18.75% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 18.75% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.84% | 18.75% | +4.09% |
SMIN vs. IND - Expense Ratio Comparison
SMIN has a 0.74% expense ratio, which is higher than IND's 0.19% expense ratio.
Dividends
SMIN vs. IND - Dividend Comparison
SMIN's dividend yield for the trailing twelve months is around 2.01%, more than IND's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IND Xtrackers Nifty 500 India ETF | 0.34% | 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 | 2.01% | 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 IND have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IND is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IND is cheaper with a 0.19% expense ratio, compared with 0.74% for SMIN.
SMIN has the higher dividend yield at 2.01%, compared with 0.34% for IND.
SMIN tracks MSCI India Small Cap Index, while IND tracks Nifty 500 Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.74% for SMIN and 0.19% for IND.
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