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GIND vs SMIN

Goldman Sachs India Equity ETF

GINDBNasdaq

iShares MSCI India Small-Cap ETF

SMINACboe

Overlap

Expense ratio

SMIN −0.01pt a year

GIND0.75%SMIN0.74%

Avg volume · 30D

SMIN 18.7×the volume

GIND6.19KSMIN116K

GIND vs SMIN Performance

Oct 31, 2025 – Oct 30, 2026

−11.9%GIND−7.5%SMIN

Oct 31, 2025 to Oct 30, 2026. GIND −11.9%. SMIN −7.5%. Use the arrow keys to read each point.−20%−15%−5%0%Oct 2025Apr 2026Oct 2026
Expense ratio
GIND 0.75%
SMIN 0.74%, better
Fund size
GIND $157M
SMIN $669M
1Y total return
GIND −11.9%
SMIN −7.5%, better
Yield (12M)
GIND No data
SMIN 2.11%
Holdings
GIND 128
SMIN 456
Avg volume (30D)
GIND 6.19K sh
SMIN 116K sh, better
NAV per share
GIND $23.45
SMIN $66.28
52W range

ETF.net Grade

GIND: Cost 42, Risk 43, Mission 100, Tradability 29, Holdings 85, Durability 46. SMIN: Cost 56, Risk 32, Mission 95, Tradability 79, Holdings 89, Durability 87.
Pillar letters and Scores for GIND, SMIN, with each pillar’s weight
PillarGINDSMIN
Cost30% weightC42B56Higher
Mission25% weightA100HigherA95
Risk15% weightC43HigherD32
Tradability15% weightD29A79Higher
Holdings10% weightA85A89Higher
Durability5% weightC46A87Higher

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 SMIN are both graded against the same 19 India funds, so their Grades compare head to head.

India⁠

Category · 19 funds
See all 19 ›

SMIN ranks 4th 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 5BIOPPSimplify Tara India Opportunities ETFScore 66
  6. Rank 10BEPIWisdomTree India Earnings FundScore 59
  7. Rank 10BGINDGoldman Sachs India Equity ETFScore 59
  8. Rank 12CIMVPInvesco India ETFScore 53

Our read on each fund

ETF.net Research

GINDBGoldman Sachs India Equity ETF

SMINAiShares MSCI India Small-Cap 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.

SMIN Most 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

GIND The Fund seeks long-term capital appreciation.

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

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.
  • SMIN Owns the slice of India the headline funds skip: roughly 500 small caps, versus the 50-name blue-chip lineup at INDY.ishares.com
  • At 0.74%, the fee lands right around the middle of the US India-fund pack, which is unusual for a specialist small-cap sleeve.
  • One 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

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

Full GIND profile⁠

Full SMIN profile⁠

GIND vs SMIN 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 SMIN Cost

Overpaying GIND vs SMIN

$175

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

  • GIND 0.75%

    $14,482

  • SMIN 0.74%

    $14,307

$10,000
30 years

Cost over time

  • GIND 0.75%
  • SMIN 0.74%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530GIND $14,482SMIN $14,307

Year by year

YearGINDSMINOverpaying
10$1,336$1,319$17
20$5,078$5,015$63
30$14,482$14,307$175

Expense ratio

  • 0.75%GIND
  • 0.74%SMIN, cheaper
  • Middle half of India funds
  • Median 0.75%

SMIN 9th cheapest of 19 funds

GIND 10th cheapest of 19 funds

GIND vs SMIN Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GIND No data
SMIN 2.11%
Payout (12M)
GIND No data
SMIN $1.41
Last payment
GIND $0.17
SMIN $1.41
Ex-dividend
GIND Sep 24, 2026
SMIN Dec 16, 2025
Paid on
GIND Sep 30, 2026
SMIN Dec 19, 2025
Frequency
GIND Irregular
SMIN Annual

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$52017202020232026YTD
SMINAnnual · 12 paymentsAll SMIN payments⁠
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.$0$52017202020232026YTD

GIND vs SMIN 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 2025SMIN 18.1%
Return per unit of riskSharpe ratio, 3 years
GIND −0.58since May 2025SMIN 0.15
Worst fallMax drawdown, 5 years
GIND −23.0%since Apr 2025SMIN −27.5%
Market sensitivityBeta, 5 years
GIND 0.87SMIN 0.48

GIND and SMIN in the news

All news⁠

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