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GIND vs INDY

Goldman Sachs India Equity ETF

GINDBNasdaq

iShares India 50 ETF

INDYANasdaq

Overlap

Expense ratio

INDY −0.10pt a year

GIND0.75%INDY0.65%

Avg volume · 30D

INDY 18.1×the volume

GIND6.19KINDY112K

GIND vs INDY Performance

Oct 31, 2025 – Oct 30, 2026

−11.9%GIND−12.8%INDY

Oct 31, 2025 to Oct 30, 2026. GIND −11.9%. INDY −12.8%. Use the arrow keys to read each point.−20%−5%0%Oct 2025Apr 2026Oct 2026
Expense ratio
GIND 0.75%
INDY 0.65%, better
Fund size
GIND $157M
INDY $507M
1Y total return
GIND −11.9%, better
INDY −12.8%
Yield (12M)
GIND No data
INDY 9.63%
Holdings
GIND 128
INDY 54
Avg volume (30D)
GIND 6.19K sh
INDY 112K sh, better
NAV per share
GIND $23.45
INDY $42.41
52W range

ETF.net Grade

GIND: Cost 42, Risk 43, Mission 100, Tradability 29, Holdings 85, Durability 46. INDY: Cost 78, Risk 49, Mission 100, Tradability 83, Holdings 35, Durability 84.
Pillar letters and Scores for GIND, INDY, with each pillar’s weight
PillarGINDINDY
Cost30% weightC42A78Higher
Mission25% weightA100A100
Risk15% weightC43C49Higher
Tradability15% weightD29A83Higher
Holdings10% weightA85HigherD35
Durability5% weightC46A84Higher

Rank among India funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GIND and INDY are both graded against the same 19 India funds, so their Grades compare head to head.

India⁠

Category · 19 funds
See all 19 ›

INDY ranks 3rd and GIND 10th of 19 funds in the India Category.

  1. Rank 1AFLINFranklin FTSE India ETFScore 86
  2. Rank 1AINDAiShares MSCI India ETFScore 86
  3. Rank 3AINDYiShares India 50 ETFScore 75
  4. Rank 4ASMINiShares MSCI India Small-Cap ETFScore 70
  5. Rank 10BEPIWisdomTree India Earnings FundScore 59
  6. Rank 10BGINDGoldman Sachs India Equity ETFScore 59
  7. Rank 12CIMVPInvesco India ETFScore 53

Our read on each fund

ETF.net Research

GINDBGoldman Sachs India Equity ETF

INDYAiShares India 50 ETF

In short

GIND Goldman's 2025 arrival in a crowded India aisle: roughly 110 Indian companies in one ticker, priced at the category's going rate. The stated goal on the tin is long-term capital appreciation, not index-hugging.

INDY India's headline index in a US wrapper. INDY tracks the Nifty 50, the National Stock Exchange benchmark quoted across Indian markets, holding about 50 of the country's largest listed companies and skipping the small-cap tail.

Stated mandate

GIND The Fund seeks long-term capital appreciation.

INDY The fund seeks to track the Nifty 50 Index, which represents 50 leading Indian companies, using an indexing approach rather than active security selection.

Why people hold it

  • GIND One ticker holds roughly 110 Indian companies, a broad slice of the market rather than a short list of familiar names.
  • The 0.75% fee lands right at the median for US-listed India funds, not at a new-launch premium.
  • Stays in its lane. Portfolio and prospectus agree: Indian equities, full stop, with no drift into adjacent markets.
  • Sits in the upper half of the US-listed India funds we cover, a shelf that includes long-established giants like INDA and INDY.
  • INDY The Nifty 50 is the NSE's flagship index: 50 stocks spanning 13 sectors, used across India for benchmarking, derivatives and index funds. In its US peer group, INDY is the fund built on it.nseindia.com
  • 0.65% a year, below the 0.75% median for US single-country India funds.
  • Straight indexing, no stock picking, and the fund has stayed very close to its benchmark. One of the tighter implementations among US India funds.ishares.com
  • Trading since 2009 under the iShares roof, which makes it one of the longer-running US ways to own Indian large caps.ishares.com

Worth knowing

  • GIND Cheaper shelf-mates exist: FLIN at 0.19%, INDA at 0.61%. That fee gap is the bar this portfolio has to clear.
  • Launched in 2025, so the record is short and the asset base modest. Trading has been light, which tends to mean wider spreads than the aisle's veterans.
  • One country, one currency. Indian stocks and the rupee drive the whole result, with no other market in the mix to cushion a rough stretch.
  • INDY About 50 names means the biggest Indian megacaps carry real weight here. Concentration is the design, not a bug, but it shows up in the ride.
  • Cheaper India exposure exists: FLIN charges 0.19%, and INDA, also large-cap focused, comes in a touch under INDY.
  • One country, one currency, one policy cycle. A single-market emerging equity fund moves harder than a global index fund, and INDY's swings run above its peer group's typical level.ishares.com

Full GIND profile⁠

Full INDY profile⁠

GIND vs INDY Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GIND vs INDY Cost

Overpaying GIND vs INDY

$1,765

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

  • GIND 0.75%

    $14,482

  • INDY 0.65%

    $12,717

$10,000
30 years

Cost over time

  • GIND 0.75%
  • INDY 0.65%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530GIND $14,482INDY $12,717

Year by year

YearGINDINDYOverpaying
10$1,336$1,163$173
20$5,078$4,440$638
30$14,482$12,717$1,765

Expense ratio

  • 0.75%GIND
  • 0.65%INDY, cheaper
  • Middle half of India funds
  • Median 0.75%

INDY 5th cheapest of 19 funds

GIND 10th cheapest of 19 funds

GIND vs INDY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GIND No data
INDY 9.63%
Payout (12M)
GIND No data
INDY $4.09
Last payment
GIND $0.17
INDY $0.10
Ex-dividend
GIND Sep 24, 2026
INDY Jun 15, 2026
Paid on
GIND Sep 30, 2026
INDY Jun 18, 2026
Frequency
GIND Irregular
INDY Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

GINDIrregular · 1 paymentAll GIND payments⁠
One bar per payment. 1 payment from 2017 to 2026 YTD. Sep 24, 2026 $0.17. Use the arrow keys to read each point.$0$2.502017202020232026YTD
INDYTwice a year · 16 paymentsAll INDY payments⁠
One bar per payment. 16 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.04; Dec 21, 2017 $0.06; Jun 19, 2018 $0.07; Dec 18, 2018 $0.12; Dec 28, 2018 $0.02; Jun 17, 2019 $0.23; Jun 15, 2020 $0.03; Jun 10, 2021 $0.007; Dec 13, 2021 $3.36; Dec 13, 2022 $1.59; Jun 7, 2023 $0.07; Dec 20, 2023 $0.12; Jun 11, 2024 $0.04; Dec 17, 2024 $0.08; Dec 16, 2025 $4.00; Jun 15, 2026 $0.10. Use the arrow keys to read each point.$0$2.502017202020232026YTD

GIND vs INDY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GIND 15.5%since May 2025INDY 13.0%
Return per unit of riskSharpe ratio, 3 years
GIND −0.58since May 2025INDY −0.15
Worst fallMax drawdown, 5 years
GIND −23.0%since Apr 2025INDY −23.8%
Market sensitivityBeta, 5 years
GIND 0.87INDY 0.52

GIND and INDY in the news

All news⁠

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