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SMIN

GradeAChicago Board Options Exchange

iShares MSCI India Small-Cap ETF

Countries & Regions · IShares · Inception 2012-02-07 · SEC filings

$70.40−0.34 (−0.48%)

As of Sep 23, 2026, 2:19 PM EDT

Intraday session: down, 59 prints from 70.74 to 70.40. Range 70.21 to 71.08. Use the arrow keys to read each point.$70.20$70.60$70.80$71.0010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$763M
1Y return
−2.3%
Yield · Last 12 months
1.99%
Holdings
455
Volume · 30D
0.1M sh
NAV per share
$71.02
52W range
low $57.78high $75.94

The ETF.net SMIN Grade

A

75/ 100

Rank 3 of 19 in India⁠

Confidence High

Six-pillar profile for SMIN. Scores out of 100: Cost 61, Risk 41, Mission 96, Tradability 90, Holdings 89, Durability 88. Strongest: Mission (96). Weakest: Risk (41). Leans toward Mission and Tradability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 75 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 61
    Category rank8/19 · top 42%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 96
    Category rank10/12 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 41
    Category rank15/19 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 90
    Category rank3/19 · top 16%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 89
    Category rank3/18 · top 17%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 88
    Category rank2/19 · top 11%

Graded as of Sep 22, 2026

Our read on SMIN

ETF.net Research

AMost US-listed India funds stop at the blue chips. SMIN keeps going down-cap, tracking an MSCI index of roughly 500 smaller Indian companies, and it has been doing that job since 2012.

Stated mandate

The fund seeks to track the investment results of an index representing small-capitalization equity securities in India.

Why people hold it

  1. 01Owns the slice of India the headline funds skip: roughly 500 small caps, versus the 50-name blue-chip lineup at INDY.ishares.com
  2. 02At 0.74%, the fee lands right around the middle of the US India-fund pack, which is unusual for a specialist small-cap sleeve.
  3. 03One of the stronger implementations among US-listed India funds: tight tracking of its stated index, iShares plumbing, and a live record back to 2012.

Worth knowing

  1. 01Small caps inside one emerging market swing hard in both directions, and rupee moves stack on top of the stock moves.
  2. 02Reasonable for the niche, pricey next to broad India trackers: FLIN charges 0.19% for the large-cap version of the trade.
  3. 03Moderately traded rather than a top-of-book giant, so size your orders with care. Cash comes back once or twice a year, not monthly.

SMIN Holdings

As of Sep 22, 2026, 3:22 AM
Asset class
Stocks
Holdings
455
Top-10 weight
12%
Largest holding
BLK CSH FND TREASURY SL AGENCY1.9%

Sectors

  • Industrials21.1%
  • Consumer Discr.16.8%
  • Financials15.8%
  • Health Care13.2%
  • Materials11.3%
  • Technology9.8%
  • Cons. Staples4.1%
  • Real Estate3.6%
  • Utilities2.1%
  • Communication1.3%
  • Energy0.9%

Geography

  • India99.49%
  • United Arab Emirates0.51%

Developed 0% · Emerging 100% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 31.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—BLK CSH FND TREASURY SL AGENCY1.94%14,792,364$15M440
002COFORGE.BOCOFORGE1.72%684,848$13M46
003MFSL.BOMAX FINANCIAL SERVICES LTD1.18%552,307$9M37
004EMBASSY.BOEMBASSY OFFICE PARKS REIT UNITS1.10%1,820,363$8M40
005SONACOMS.BOSONA BLW PRECISION FORGINGS LTD1.02%929,113$8M42
006GLENMARK.BOGLENMARK PHARMACEUTICALS1.01%301,082$8M42
007RADICO.BORADICO KHAITAN0.97%157,241$7M42
008APARINDS.BOAPAR INDUSTRIES LTD0.94%36,433$7M41
009KEI.BOKEI INDUSTRIES LTD0.84%132,596$6M38
010NAVINFLUOR.BONAVIN FLUORINE INTERNATIONAL LTD0.83%71,140$6M37
011IPCALAB.BOIPCA LABORATORIES LTD0.82%297,693$6M37
012ATHERENERG.NSATHER ENERGY LTD0.78%347,612$6M30
013360ONE.BO360 ONE WAM LTD0.73%498,979$6M42
014DELHIVERY.BODELHIVERY0.72%1,238,822$6M35
015WELCORP.BOWELSPUN CORP LTD0.72%197,281$5M35

Showing 1–15 of 458 holdings

SMIN Performance

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

SMIN$9,768
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. SMIN $9,768. SPY $11,723. Use the arrow keys to read each point.$7,692$9,878$12,063Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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 SMIN. Periods over one year show the average yearly return.
PeriodSMIN
Year to date+1.2%
1 month−1.4%
3 months−0.1%
1 year−2.3%
3 years+7.3%per year
5 years+5.3%per year
10 years+8.5%per year

As of the close, 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 SMIN
YearReturn barSMIN
2026 YTD+1.2%
2025−6.7%
2024+16.8%
2023+35.4%
2022−14.2%
2021+44.5%
2020+19.6%

SMIN in the news

ETF.net Research hasn’t filed on SMIN yet — coverage lands here as it’s written.

SMIN 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 Sep 22, 2026.
1.99%Last 12 months
Payout per share
$1.41Last 12 months
Last payment
$1.41 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 12 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.47; Jun 19, 2018 $0.65; Jun 17, 2019 $0.21; Dec 16, 2019 $0.42; Jun 15, 2020 $0.40; Dec 14, 2020 $0.05; Dec 13, 2021 $0.77; Dec 13, 2022 $0.0038; Jun 7, 2023 $0.04; Dec 20, 2023 $0.24; Dec 17, 2024 $5.23; Dec 16, 2025 $1.41. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 16, 2025Dec 19, 2025$1.41
Dec 17, 2024Dec 20, 2024$5.23
Dec 20, 2023Dec 27, 2023$0.24
Jun 7, 2023Jun 13, 2023$0.04
Dec 13, 2022Dec 19, 2022$0.0038
Dec 13, 2021Dec 17, 2021$0.77
Dec 14, 2020Dec 18, 2020$0.05
Jun 15, 2020Jun 19, 2020$0.40
Dec 16, 2019Dec 20, 2019$0.42
Jun 17, 2019Jun 21, 2019$0.21
Jun 19, 2018Jun 25, 2018$0.65
Dec 19, 2017Dec 26, 2017$0.47

SMIN Risk

How much the fund’s monthly returns vary, scaled to a year.
17.8%
Annualised · 36 months to Aug 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.
0.23
vs 3-month T-bills · to Aug 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.
−27.5%
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.
0.50
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.

SMIN Cost

Expense ratio0.74%
  • The middle half of India funds
  • Median 0.75%

7 of the 19 India funds charge less.

SMIN costs $74.00 a year on $10,000. The median India fund costs $75.00.