SMIN vs. SE
SMIN (iShares MSCI India Small-Cap ETF) is Asia Pacific Equities fund tracking the MSCI India Small Cap Index, while SE (Sea Limited) is a stock. Over the past 5 years, SMIN returned 6.19%/yr vs -21.47%/yr for SE. At a 0.27 correlation, their price movements are largely independent.
Performance
SMIN vs. SE - Performance Comparison
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Returns By Period
In the year-to-date period, SMIN achieves a -4.03% return, which is significantly higher than SE's -34.98% return.
SMIN
- 1D
- 1.44%
- 1M
- 0.72%
- YTD
- -4.03%
- 6M
- -1.54%
- 1Y
- -8.33%
- 3Y*
- 8.94%
- 5Y*
- 6.19%
- 10Y*
- 9.73%
SE
- 1D
- -3.21%
- 1M
- -6.10%
- YTD
- -34.98%
- 6M
- -33.66%
- 1Y
- -46.28%
- 3Y*
- 8.08%
- 5Y*
- -21.47%
- 10Y*
- —
SMIN vs. SE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMIN iShares MSCI India Small-Cap ETF | -4.03% | -6.68% | 16.78% | 35.41% | -14.23% | 44.43% | 19.59% | -5.21% | -25.55% | 12.35% |
SE Sea Limited | -34.98% | 20.24% | 161.98% | -22.16% | -76.74% | 12.39% | 394.90% | 255.30% | -15.08% | -17.97% |
Correlation
The correlation between SMIN and SE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2017 | 0.27 |
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Return for Risk
SMIN vs. SE — Risk / Return Rank
SMIN
SE
SMIN vs. SE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India Small-Cap ETF (SMIN) and Sea Limited (SE). 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 | SE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.83 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | -0.77 | +0.38 |
| Martin ratioReturn relative to average drawdown | -0.87 | -1.27 | +0.40 |
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Drawdowns
SMIN vs. SE - Drawdown Comparison
The maximum SMIN drawdown since its inception was -60.50%, smaller than the maximum SE drawdown of -90.51%. Use the drawdown chart below to compare losses from any high point for SMIN and SE.
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Drawdown Indicators
| SMIN | SE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.50% | -90.51% | +30.01% |
Max Drawdown (1Y)Largest decline over 1 year | -24.54% | -60.22% | +35.68% |
Max Drawdown (3Y)Largest decline over 3 years | -27.58% | -60.22% | +32.64% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | -90.51% | +62.93% |
Max Drawdown (10Y)Largest decline over 10 years | -60.50% | — | — |
Current DrawdownCurrent decline from peak | -16.07% | -77.40% | +61.33% |
Average DrawdownAverage peak-to-trough decline | -14.62% | -44.10% | +29.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.01% | 36.57% | -25.56% |
Volatility
SMIN vs. SE - Volatility Comparison
The current volatility for iShares MSCI India Small-Cap ETF (SMIN) is 4.86%, while Sea Limited (SE) has a volatility of 14.69%. This indicates that SMIN experiences smaller price fluctuations and is considered to be less risky than SE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMIN | SE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 14.69% | -9.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.58% | 38.05% | -22.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.67% | 50.74% | -32.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 64.13% | -45.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.83% | 62.59% | -39.76% |
Dividends
SMIN vs. SE - Dividend Comparison
SMIN's dividend yield for the trailing twelve months is around 2.10%, while SE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SE Sea Limited | 0.00% | 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 | 2.10% | 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 SE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SE has higher volatility (14.69%) compared to SMIN (4.86%). In terms of maximum drawdown, SMIN dropped -60.50% vs SE's -90.51%.
SMIN currently has the higher Sharpe Ratio (-0.51 vs -0.92), 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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