SMIN vs. NFTY
Compare and contrast key facts about iShares MSCI India Small-Cap ETF (SMIN) and First Trust India NIFTY 50 Equal Weight ETF (NFTY).
SMIN and NFTY 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. NFTY is a passively managed fund by First Trust that tracks the performance of the NIFTY 50 Equal Weight Index. It was launched on Feb 14, 2012. Both SMIN and NFTY 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 NFTY.
Performance
SMIN vs. NFTY - Performance Comparison
Returns By Period
In the year-to-date period, SMIN achieves a 14.59% return, which is significantly higher than NFTY's 7.85% return. Over the past 10 years, SMIN has outperformed NFTY with an annualized return of 9.99%, while NFTY has yielded a comparatively lower 6.90% annualized return.
SMIN
14.59%
-5.43%
5.31%
21.43%
18.81%
9.99%
NFTY
7.85%
-6.78%
0.69%
17.54%
12.82%
6.90%
Key characteristics
| SMIN | NFTY | |
|---|---|---|
| Sharpe Ratio | 1.20 | 1.13 |
| Sortino Ratio | 1.53 | 1.57 |
| Omega Ratio | 1.23 | 1.21 |
| Calmar Ratio | 2.04 | 1.53 |
| Martin Ratio | 6.68 | 5.53 |
| Ulcer Index | 3.22% | 3.18% |
| Daily Std Dev | 18.00% | 15.63% |
| Max Drawdown | -60.50% | -47.67% |
| Current Drawdown | -8.05% | -11.12% |
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SMIN vs. NFTY - Expense Ratio Comparison
SMIN has a 0.76% expense ratio, which is lower than NFTY's 0.80% expense ratio.
Correlation
The correlation between SMIN and NFTY is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
SMIN vs. NFTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India Small-Cap ETF (SMIN) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). 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. NFTY - Dividend Comparison
SMIN's dividend yield for the trailing twelve months is around 0.31%, more than NFTY's 0.24% 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% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 0.24% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.40% | 0.52% | 1.72% |
Drawdowns
SMIN vs. NFTY - Drawdown Comparison
The maximum SMIN drawdown since its inception was -60.50%, which is greater than NFTY's maximum drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for SMIN and NFTY. For additional features, visit the drawdowns tool.
Volatility
SMIN vs. NFTY - Volatility Comparison
iShares MSCI India Small-Cap ETF (SMIN) has a higher volatility of 5.69% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 4.09%. This indicates that SMIN's price experiences larger fluctuations and is considered to be riskier than NFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.