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Launched

Matthews India Active ETF INDE

INDENYSE ArcaMatthews AsiaC

$29.07+0.19 (+0.66%)

As of Nov 2, 2026, 3:53 PM ET

C50/ 100

Rank 13 of 19 in India

C50/100Rank 13 of 19inIndia
Intraday session: up, 72 prints from 28.88 to 29.07. Range 28.88 to 29.16. Use the arrow keys to read each point.28.9529.0029.1510 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$17M
1Y total return
−3.5%
Yield · Last 12 months
1.82%
Holdings
74
Avg volume · 30D
3.35K sh
52W range
low $24.98high $31.30
Launched

The ETF.net INDE Grade

C

Score 50 out of 100

Category
India⁠
Rank
13 of 19
Six-pillar profile for INDE. Scores out of 100: Cost 19, Risk 58, Mission 98, Tradability 42, Holdings 34, Durability 27. Strongest: Mission (98). Weakest: Cost (19). Leans toward Mission.

Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F19 out of 100
    Rank 15 of 19

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A98 out of 100
    Rank 8 of 13

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B58 out of 100
    Rank 6 of 19

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C42 out of 100
    Rank 10 of 19

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D34 out of 100
    Rank 15 of 18

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D27 out of 100
    Rank 16 of 19

Our read on INDE

ETF.net Research

In short

CMost India ETFs just buy the index. INDE hires stock pickers instead: Matthews Asia managers build the India portfolio by hand, free to hold common stock, preferred shares or convertibles. Launched in 2023, it's the active outlier in a cohort of trackers.

Stated mandate

The fund seeks long-term capital appreciation by investing at least 80% of net assets in common stocks, preferred stocks, and convertible securities of companies located in India.

Why people hold it

  • Real active management in an index-dominated group: managers choose the names, with room to hold preferred shares and convertibles alongside common stock.
  • Does what the label says. At least 80% of net assets go to companies located in India, and the portfolio has stuck closely to that mandate.
  • Plain equity exposure. No leverage, no options overlay, no structural wrinkles in the mandate, just Indian company shares chosen for long-term capital appreciation.

Worth knowing

  • At 0.79% a year it costs more than index rivals like FLIN (0.19%) and INDA (0.61%), and it currently sits behind those cheaper trackers in our peer group review.
  • Small and thinly traded next to the big India funds, so spreads can be wider and sizeable orders can push the price around.
  • It opened in 2023, so the track record is short, and payouts come once or twice a year rather than as a regular income stream.

INDE Performance

Launched Sep 21, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
INDE$9,648
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. INDE $9,648. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for INDE. Periods over one year show the average yearly return.
PeriodINDE
Year to date−3.7%
1 month+0.5%
3 months−2.6%
1 year−3.5%
3 yearsper year+5.2%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for INDE
YearReturn barINDE
2026 YTD−3.7%
2025+2.4%
2024+11.0%
2023+8.2%

History from Sep 22, 2023

INDE in the news

INDE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.82%Last 12 months
Payout per share
$0.53Last 12 months
Last payment
$0.53 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 18, 2024 $0.17; Dec 17, 2025 $0.53. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 17, 2025Dec 22, 2025$0.53
Dec 18, 2024Dec 23, 2024$0.17

$10,000 in INDE 3 years ago paid $279 in dividends.

INDE Risk

Risk pillarB58 out of 100Rank 6 of 19 in India
How much the fund’s monthly returns vary, scaled to a year.
13.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.11
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.9%
37 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.33
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

INDE Cost

Compare INDE and FLIN

Overpaying vs FLIN, tied cheapest in India

$11,222

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • INDE 0.79%

    $15,174

  • FLIN 0.19% Tied cheapest

    $3,952

$10,000
30 years

Cost over time

  • INDE 0.79%
  • FLIN 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530INDE $15,174FLIN $3,952

Year by year

YearINDEFLINOverpaying
10$1,405$347$1,058
20$5,331$1,351$3,980
30$15,174$3,952$11,222

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