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GLIN vs INDY

VanEck India Growth Leaders ETF

GLINBNYSE Arca

iShares India 50 ETF

INDYANasdaq

Overlap

Expense ratio

INDY −0.07pt a year

GLIN0.72%INDY0.65%

Avg volume · 30D

INDY 16.4×the volume

GLIN6.83KINDY112K

10Y return · a year

INDY +5.7pt

GLIN+0.5%INDY+6.2%

GLIN vs INDY Performance

Nov 2, 2021 – Nov 2, 2026

+15.3%GLIN+0.1%INDY

Nov 2, 2021 to Nov 2, 2026. GLIN +15.3%. INDY +0.1%. Use the arrow keys to read each point.−30%−20%−10%30%Nov 2021May 2024Nov 2026
Expense ratio
GLIN 0.72%
INDY 0.65%, better
Fund size
GLIN $86M
INDY $507M
1Y total return
GLIN −1.6%, better
INDY −11.5%
Yield (12M)
GLIN 0.86%
INDY 9.48%, better
Holdings
GLIN 84
INDY 53
Avg volume (30D)
GLIN 6.83K sh
INDY 112K sh, better
NAV per share
GLIN $44.93
INDY $42.41
52W range

ETF.net Grade

GLIN: Cost 64, Risk 48, Mission 95, Tradability 40, Holdings 53, Durability 66. INDY: Cost 78, Risk 49, Mission 100, Tradability 82, Holdings 35, Durability 84.
Pillar letters and Scores for GLIN, INDY, with each pillar’s weight
PillarGLININDY
Cost30% weightB64A78Higher
Mission25% weightA95A100Higher
Risk15% weightC48C49Higher
Tradability15% weightC40A82Higher
Holdings10% weightC53HigherD35
Durability5% weightB66A84Higher

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. GLIN 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 GLIN 6th 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 68
  6. Rank 6BGLINVanEck India Growth Leaders ETFScore 64
  7. Rank 7BINDHWisdomTree India Hedged Equity FundScore 63

Our read on each fund

ETF.net Research

GLINBVanEck India Growth Leaders ETF

INDYAiShares India 50 ETF

In short

GLIN Most India ETFs buy the index and call it a day. GLIN runs a fundamentals screen instead, picking roughly 80 Indian companies of all sizes on growth, quality and price. It has been doing this since 2010.

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

GLIN GLIN seeks to track the MarketGrader India All-Cap Growth Leaders Index before fees and expenses. The index selects Indian companies with favorable fundamentals and attractive growth potential at reasonable prices.

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

  • GLIN Not cap-weighted. The MarketGrader index screens Indian companies on growth, profitability, quality and value, then holds roughly 80 of the winners.
  • All-cap by design, so mid and smaller Indian names sit next to the megacaps that dominate the standard India benchmarks.vaneck.com
  • Running since 2010 and it does what the label says: Indian equities, all sizes, growth screen, no style drift.
  • The 0.72% fee sits just under the typical India fund, and it lands in the upper half of its India peer group overall.
  • 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

  • GLIN Plain-index India exposure costs far less. FLIN charges 0.19%. With GLIN you are paying up for the stock screen.
  • Trades lightly compared with the largest India ETFs, so spreads can widen. Limit orders matter more here.
  • One country, roughly 80 stocks, one style. Results can diverge widely from broad India benchmarks in either direction.
  • 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 GLIN profile⁠

Full INDY profile⁠

GLIN 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.

GLIN vs INDY Cost

Overpaying GLIN vs INDY

$1,240

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

  • GLIN 0.72%

    $13,957

  • INDY 0.65%

    $12,717

$10,000
30 years

Cost over time

  • GLIN 0.72%
  • 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$15K051015202530GLIN $13,957INDY $12,717

Year by year

YearGLININDYOverpaying
10$1,284$1,163$121
20$4,888$4,440$448
30$13,957$12,717$1,240

Expense ratio

  • 0.72%GLIN
  • 0.65%INDY, cheaper
  • Middle half of India funds
  • Median 0.75%

INDY 5th cheapest of 19 funds

GLIN 8th cheapest of 19 funds

GLIN vs INDY Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
GLIN 0.86%
INDY 9.48%, better
Payout (12M)
GLIN $0.39
INDY $4.09
Last payment
GLIN $0.39
INDY $0.10
Ex-dividend
GLIN Dec 22, 2025
INDY Jun 15, 2026
Paid on
GLIN Dec 26, 2025
INDY Jun 18, 2026
Frequency
GLIN Annual
INDY Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

GLINAnnual · 8 paymentsAll GLIN payments⁠
One bar per payment. 8 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.07; Dec 20, 2018 $0.05; Dec 23, 2019 $0.42; Dec 21, 2020 $0.08; Dec 19, 2022 $0.56; Dec 18, 2023 $0.42; Dec 23, 2024 $1.76; Dec 22, 2025 $0.39. 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

GLIN vs INDY Risk

Fall from peak · 5 years

  • GLIN
  • INDY
Nov 2, 2021 to Nov 2, 2026. Worst fall: GLIN −29.7% · Jun 2022. Use the arrow keys to read each point.−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
GLIN 18.9%INDY 13.0%, better
Return per unit of riskSharpe ratio, 3 years
GLIN 0.24, betterINDY −0.15
Worst fallMax drawdown, 5 years
GLIN −29.7%INDY −23.8%, better
Market sensitivityBeta, 5 years
GLIN 0.69INDY 0.52

GLIN and INDY in the news

All news⁠

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