Skip to content
etf.net

IMVP vs INDA

Invesco India ETF

IMVPCNYSE Arca

iShares MSCI India ETF

INDAACboe

Overlap

19.7%by weight

Expense ratio

INDA −0.17pt a year

IMVP0.78%INDA0.61%

Avg volume · 30D

INDA 156.9×the volume

IMVP33.6KINDA5.28M

IMVP vs INDA Performance

Jul 31, 2026 – Oct 30, 2026

−6.1%IMVP−4.2%INDA

Jul 31, 2026 to Oct 30, 2026. IMVP −6.1%. INDA −4.2%. Use the arrow keys to read each point.−10%−7.5%−2.5%0%2.5%Jul 2026Sep 2026Oct 2026
Expense ratio
IMVP 0.78%
INDA 0.61%, better
Fund size
IMVP $93M
INDA $5.84B
1Y total return
IMVP No data
INDA −11.6%
Yield (12M)
IMVP 12.55%, better
INDA 0.00%
Holdings
IMVP 33
INDA 168
Avg volume (30D)
IMVP 33.6K sh
INDA 5.28M sh, better
NAV per share
IMVP $19.00
INDA $47.59
52W range

ETF.net Grade

IMVP: Cost 28, Risk 18, Mission 96, Tradability 54, Holdings 62, Durability 75. INDA: Cost 89, Risk 55, Mission 100, Tradability 100, Holdings 70, Durability 94.
Pillar letters and Scores for IMVP, INDA, with each pillar’s weight
PillarIMVPINDA
Cost30% weightD28A89Higher
Mission25% weightA96A100Higher
Risk15% weightF18B55Higher
Tradability15% weightC54A100Higher
Holdings10% weightB62A70Higher
Durability5% weightA75A94Higher

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

India⁠

Category · 19 funds
See all 19 ›

INDA ranks 1st and IMVP 12th 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 10BGINDGoldman Sachs India Equity ETFScore 59
  5. Rank 12CIMVPInvesco India ETFScore 53
  6. Rank 13CINDEMatthews India Active ETF INDEScore 50

Our read on each fund

ETF.net Research

IMVPCInvesco India ETF

INDAAiShares MSCI India ETF

In short

IMVP Most India ETFs hand you the whole market. Invesco's goes narrow instead: a Bloomberg index that screens Indian stocks on value, momentum, profitability and low volatility, landing on roughly 30 names. Listed since 2008.

INDA The default India trade for US investors: one big, heavily traded fund holding roughly 160 mostly larger Indian companies, running since 2012. Priced below the typical India fund, though it is not the category's price leader.

Stated mandate

IMVP The Fund seeks to track the Bloomberg India MVP Index before fees and expenses.

INDA The fund seeks to track an index composed of Indian equities, providing targeted exposure to India.

Why people hold it

  • IMVP Rules pick the stocks, not a mood. The fund tracks the Bloomberg India MVP Index, which screens on value, momentum, profitability and low volatility, so selection follows a published methodology.
  • Concentration on purpose: roughly 30 stocks, so the screen's picks actually show up in results rather than getting diluted across hundreds of names.
  • Real mileage. It has been trading since 2008, through several India boom-and-bust cycles, inside Invesco's ETF lineup.
  • INDA Charges 0.61% a year against a 0.75% median for US-listed India funds, so the access fee sits below the category's going rate.
  • A multi-billion-dollar fund and among the most actively traded in its category, so getting in or out rarely means fighting a thin order book.
  • Tracks the MSCI India Index with no side bets, and rates as one of the strongest implementations among US-listed India funds. Live since 2012.

Worth knowing

  • IMVP The screen costs you: 0.78% a year, above the typical India fund and roughly four times Franklin's plain-vanilla FLIN at 0.19%.
  • Thirty stocks cut both ways. One stumbling large position lands harder here than in a broad market-cap India fund like INDA.
  • One country, one currency. The mandate is India equities only, so India's market and the rupee drive the ride with nothing else to soften it.
  • INDA FLIN runs a broad India index for 0.19%. Here you pay up for the deeper trading and the longer live record.
  • One country, one currency. Rupee moves land in your return alongside Indian share prices.
  • Roughly 160 holdings skewed to India's bigger listed names; the small-cap tier sits in a separate fund (SMIN).

Full IMVP profile⁠

Full INDA profile⁠

IMVP vs INDA Holdings

How IMVP and INDA differ

Overlap by weight

19.7%

Shared holdings make up 96.6% of IMVP and 20.4% of INDA.

Level by level

  • Holdings29 in both19.7%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for IMVP.

Country, concentration and asset class

Country by domicile

Country weights in IMVP and INDA, widest gap first
CountryMore in IMVPMore in INDA
IndiaSame weight

Outside the US: IMVP 0% developed, 100% emerging. INDA 0% developed, 100% emerging.

Concentration

Weight in the 10 largest Holdings

  • IMVP36.1%
  • INDA34.9%

Securities held

  • IMVP31
  • INDA165

Asset class

IMVP
Equity
INDA
Equity

Holdings

  • Only in IMVP2
  • In both29
  • Only in INDA136

Only in IMVP

2 securities, 3.3% of IMVP by weight

  • Titan Co Ltd3.21%
  • India Capital Gains Tax0.06%

Only in INDA

136 securities, 79.4% of INDA by weight

  • Hdfc Bank6.28%
  • Icici Bank5.91%
  • Reliance Industries Ltd5.32%

Weight gaps

All 29 Holdings in both funds, largest gap first.

Holding weights in IMVP and INDA, widest gap first
HoldingMore in IMVPMore in INDA
Punjab National BankIMVP +3.42 points
Bank of BarodaIMVP +3.29 points
Federal Bank LtdIMVP +3.15 points
Tech Mahindra LtdIMVP +3.09 points
Marico LtdIMVP +3.06 points
Indus Towers LtdIMVP +3.04 points
REC LtdIMVP +3.02 points
Oberoi Realty LtdIMVP +2.94 points

All 30 IMVP holdings⁠All 165 INDA 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.

IMVP vs INDA Cost

Overpaying IMVP vs INDA

$3,004

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

  • IMVP 0.78%

    $15,002

  • INDA 0.61%

    $11,998

$10,000
30 years

Cost over time

  • IMVP 0.78%
  • INDA 0.61%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530IMVP $15,002INDA $11,998

Year by year

YearIMVPINDAOverpaying
10$1,388$1,093$295
20$5,268$4,181$1,087
30$15,002$11,998$3,004

Expense ratio

  • 0.78%IMVP
  • 0.61%INDA, cheaper
  • Middle half of India funds
  • Median 0.75%

INDA 3rd cheapest of 19 funds

IMVP 14th cheapest of 19 funds

IMVP vs INDA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
IMVP 12.55%, better
INDA 0.00%
Payout (12M)
IMVP $2.38
INDA None
Last payment
IMVP $0.59
INDA No data
Ex-dividend
IMVP Jun 22, 2026
INDA No data
Paid on
IMVP Jun 26, 2026
INDA No data
Frequency
IMVP Twice a year
INDA No data

Distribution history

Per share, 2017 to 2026, same scale for both

IMVPTwice a year · 16 paymentsAll IMVP payments⁠
One bar per payment. 16 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.09; Jun 16, 2017 $0.14; Sep 18, 2017 $0.04; Dec 24, 2018 $0.23; Mar 18, 2019 $0.04; Dec 23, 2019 $5.48; Mar 23, 2020 $0.17; Jun 21, 2021 $0.12; Sep 20, 2021 $0.15; Dec 20, 2021 $1.60; Dec 19, 2022 $2.99; Sep 18, 2023 $0.10; Dec 18, 2023 $0.85; Dec 23, 2024 $2.19; Dec 22, 2025 $1.80; Jun 22, 2026 $0.59. Use the arrow keys to read each point.$0$52017202020232026YTD
INDA14 paymentsAll INDA payments⁠
One bar per payment. 14 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.13; Dec 19, 2017 $0.27; Jun 19, 2018 $0.05; Dec 18, 2018 $0.25; Dec 28, 2018 $0.02; Jun 17, 2019 $0.32; Dec 16, 2019 $0.03; Jun 15, 2020 $0.08; Dec 14, 2020 $0.03; Jun 10, 2021 $0.04; Dec 13, 2021 $2.88; Dec 30, 2021 $0.03; Jun 7, 2023 $0.08; Dec 17, 2024 $0.40. Use the arrow keys to read each point.$0$52017202020232026YTD

IMVP vs INDA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IMVP No dataINDA 13.7%
Return per unit of riskSharpe ratio, 3 years
IMVP No dataINDA 0.00007
Worst fallMax drawdown, 5 years
IMVP No dataINDA −22.7%
Market sensitivityBeta, 5 years
IMVP 0.59INDA 0.56

IMVP and INDA in the news

All news⁠

Popular comparisons

  • IMVPCvsFLINA

    Invesco India ETF · Franklin FTSE India ETF

    Expense ratio
    0.78% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • INDAAvsFLINA

    iShares MSCI India ETF · Franklin FTSE India ETF

    Expense ratio
    0.61% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IMVPCvsINDYA

    Invesco India ETF · iShares India 50 ETF

    Expense ratio
    0.78% · 0.65%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • INDAAvsINDYA

    iShares MSCI India ETF · iShares India 50 ETF

    Expense ratio
    0.61% · 0.65%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IMVPCvsSMINA

    Invesco India ETF · iShares MSCI India Small-Cap ETF

    Expense ratio
    0.78% · 0.74%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • INDAAvsSMINA

    iShares MSCI India ETF · iShares MSCI India Small-Cap ETF

    Expense ratio
    0.61% · 0.74%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.