SMIN vs. PIN
Compare and contrast key facts about iShares MSCI India Small-Cap ETF (SMIN) and Invesco India ETF (PIN).
SMIN and PIN 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. PIN is a passively managed fund by Invesco that tracks the performance of the FTSE India Quality and Yield Select Net Tax (US RIC) Index. It was launched on Mar 5, 2008. Both SMIN and PIN 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 PIN.
Performance
SMIN vs. PIN - Performance Comparison
Returns By Period
In the year-to-date period, SMIN achieves a 14.00% return, which is significantly higher than PIN's 8.87% return. Over the past 10 years, SMIN has outperformed PIN with an annualized return of 9.96%, while PIN has yielded a comparatively lower 7.62% annualized return.
SMIN
14.00%
-2.28%
4.79%
21.52%
18.64%
9.96%
PIN
8.87%
-4.42%
-0.64%
18.49%
12.71%
7.62%
Key characteristics
| SMIN | PIN | |
|---|---|---|
| Sharpe Ratio | 1.16 | 1.24 |
| Sortino Ratio | 1.49 | 1.66 |
| Omega Ratio | 1.22 | 1.24 |
| Calmar Ratio | 1.98 | 1.80 |
| Martin Ratio | 6.33 | 6.16 |
| Ulcer Index | 3.30% | 3.05% |
| Daily Std Dev | 18.03% | 15.12% |
| Max Drawdown | -60.50% | -64.54% |
| Current Drawdown | -8.52% | -10.41% |
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SMIN vs. PIN - Expense Ratio Comparison
SMIN has a 0.76% expense ratio, which is lower than PIN's 0.78% expense ratio.
Correlation
The correlation between SMIN and PIN is 0.76, 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. PIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India Small-Cap ETF (SMIN) and Invesco India ETF (PIN). 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. PIN - Dividend Comparison
SMIN's dividend yield for the trailing twelve months is around 0.31%, less than PIN's 1.53% 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% |
PIN Invesco India ETF | 1.53% | 2.08% | 14.07% | 6.95% | 0.72% | 27.85% | 0.96% | 1.01% | 1.18% | 0.60% | 0.99% | 0.48% |
Drawdowns
SMIN vs. PIN - Drawdown Comparison
The maximum SMIN drawdown since its inception was -60.50%, smaller than the maximum PIN drawdown of -64.54%. Use the drawdown chart below to compare losses from any high point for SMIN and PIN. For additional features, visit the drawdowns tool.
Volatility
SMIN vs. PIN - Volatility Comparison
iShares MSCI India Small-Cap ETF (SMIN) has a higher volatility of 4.94% compared to Invesco India ETF (PIN) at 3.70%. This indicates that SMIN's price experiences larger fluctuations and is considered to be riskier than PIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.