SMIN vs. RBIL
SMIN (iShares MSCI India Small-Cap ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - SMIN is a India Equities fund tracking the MSCI India Small Cap Index, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, SMIN returned -6.48% vs 4.19% for RBIL. At a correlation of -0.25, they often move in opposite directions. SMIN charges 0.74%/yr vs 0.17%/yr for RBIL.
Performance
SMIN vs. RBIL - Performance Comparison
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Returns By Period
In the year-to-date period, SMIN achieves a 0.30% return, which is significantly lower than RBIL's 2.65% return.
SMIN
- 1D
- -1.21%
- 1M
- 4.52%
- 6M
- 3.12%
- YTD
- 0.30%
- 1Y
- -6.48%
- 3Y*
- 8.99%
- 5Y*
- 6.72%
- 10Y*
- 9.48%
RBIL
- 1D
- -0.01%
- 1M
- 0.07%
- 6M
- 2.45%
- YTD
- 2.65%
- 1Y
- 4.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMIN vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMIN iShares MSCI India Small-Cap ETF | 0.30% | 9.86% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.65% | 2.85% |
Correlation
The correlation between SMIN and RBIL is -0.28, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | -0.25 |
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Return for Risk
SMIN vs. RBIL — Risk / Return Rank
SMIN
RBIL
SMIN vs. RBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India Small-Cap ETF (SMIN) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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 | RBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.82 | ||
| Sortino ratioReturn per unit of downside risk | -7.33 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 2.19 | -1.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 7.47 | -7.74 |
| Martin ratioReturn relative to average drawdown | -0.58 | 32.06 | -32.63 |
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Drawdowns
SMIN vs. RBIL - Drawdown Comparison
The maximum SMIN drawdown since its inception was -60.50%, which is greater than RBIL's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for SMIN and RBIL.
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Drawdown Indicators
| SMIN | RBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.50% | -0.56% | -59.94% |
Max Drawdown (1Y)Largest decline over 1 year | -24.54% | -0.56% | -23.98% |
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 | -12.28% | -0.18% | -12.10% |
Average DrawdownAverage peak-to-trough decline | -14.61% | -0.08% | -14.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.27% | 0.13% | +11.14% |
Volatility
SMIN vs. RBIL - Volatility Comparison
iShares MSCI India Small-Cap ETF (SMIN) has a higher volatility of 5.69% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.32%. This indicates that SMIN's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMIN | RBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 0.32% | +5.37% |
Volatility (6M)Calculated over the trailing 6-month period | 15.96% | 0.87% | +15.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 0.94% | +18.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.96% | 1.06% | +17.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.84% | 1.06% | +21.78% |
SMIN vs. RBIL - Expense Ratio Comparison
SMIN has a 0.74% expense ratio, which is higher than RBIL's 0.17% expense ratio.
Dividends
SMIN vs. RBIL - Dividend Comparison
SMIN's dividend yield for the trailing twelve months is around 2.01%, less than RBIL's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.37% | 3.65% | 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 RBIL have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMIN has higher volatility (5.69%) compared to RBIL (0.32%). In terms of maximum drawdown, SMIN dropped -60.50% vs RBIL's -0.56%.
On 1-year performance, RBIL leads with 4.19% vs -6.48% for SMIN. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RBIL has performed better with a 4.19% return vs -6.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RBIL is cheaper with a 0.17% expense ratio, compared with 0.74% for SMIN.
RBIL has the higher dividend yield at 4.37%, compared with 2.01% for SMIN.
SMIN is categorized as India Equities, while RBIL is Inflation-Protected Bonds. SMIN tracks MSCI India Small Cap Index, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: iShares and F/m. Their fees differ too: 0.74% for SMIN and 0.17% for RBIL.
RBIL currently has the higher Sharpe Ratio (4.48 vs -0.34), 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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