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IMVP vs INDY

Invesco India ETF

IMVPCNYSE Arca

iShares India 50 ETF

INDYANasdaq

Overlap

23.5%by weight

Expense ratio

INDY −0.13pt a year

IMVP0.78%INDY0.65%

Avg volume · 30D

INDY 3.3×the volume

IMVP33.6KINDY112K

IMVP vs INDY Performance

Jul 31, 2026 – Oct 30, 2026

−6.1%IMVP−2.8%INDY

Jul 31, 2026 to Oct 30, 2026. IMVP −6.1%. INDY −2.8%. Use the arrow keys to read each point.−10%−7.5%0%2.5%Jul 2026Sep 2026Oct 2026
Expense ratio
IMVP 0.78%
INDY 0.65%, better
Fund size
IMVP $93M
INDY $507M
1Y total return
IMVP No data
INDY −12.8%
Yield (12M)
IMVP 12.55%, better
INDY 9.63%
Holdings
IMVP 33
INDY 54
Avg volume (30D)
IMVP 33.6K sh
INDY 112K sh, better
NAV per share
IMVP $19.00
INDY $42.41
52W range

ETF.net Grade

IMVP: Cost 28, Risk 18, Mission 96, Tradability 54, Holdings 62, Durability 75. INDY: Cost 78, Risk 49, Mission 100, Tradability 83, Holdings 35, Durability 84.
Pillar letters and Scores for IMVP, INDY, with each pillar’s weight
PillarIMVPINDY
Cost30% weightD28A78Higher
Mission25% weightA96A100Higher
Risk15% weightF18C49Higher
Tradability15% weightC54A83Higher
Holdings10% weightB62HigherD35
Durability5% weightA75A84Higher

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 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 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 4ASMINiShares MSCI India Small-Cap ETFScore 70
  5. Rank 10BGINDGoldman Sachs India Equity ETFScore 59
  6. Rank 12CIMVPInvesco India ETFScore 53
  7. Rank 13CINDEMatthews India Active ETF INDEScore 50

Our read on each fund

ETF.net Research

IMVPCInvesco India ETF

INDYAiShares India 50 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.

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

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

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

  • 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.
  • 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

  • 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.
  • 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 IMVP profile⁠

Full INDY profile⁠

IMVP vs INDY Holdings

How IMVP and INDY differ

Overlap by weight

23.5%

Shared holdings make up 50.4% of IMVP and 25.8% of INDY.

Level by level

  • Holdings15 in both23.5%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for IMVP.

Country, concentration and asset class

Country by domicile

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

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

Concentration

Weight in the 10 largest Holdings

  • IMVP36.1%
  • INDY53.1%

Securities held

  • IMVP31
  • INDY51

Asset class

IMVP
Equity
INDY
Equity

Holdings

  • Only in IMVP16
  • In both15
  • Only in INDY36

Only in IMVP

16 securities, 49.5% of IMVP by weight

  • Punjab National Bank3.64%
  • Federal Bank Ltd3.64%
  • Bank of Baroda3.48%

Only in INDY

36 securities, 72.7% of INDY by weight

  • Hdfc Bank9.84%
  • Icici Bank9.33%
  • Reliance Industries Ltd7.34%

Weight gaps

All 15 Holdings in both funds, largest gap first.

Holding weights in IMVP and INDY, widest gap first
HoldingMore in IMVPMore in INDY
Tech Mahindra LtdIMVP +2.80 points
Apollo Hospitals Enterprise LtdIMVP +2.55 points
Bajaj Finserv LtdIMVP +2.29 points
Power Grid Corp of India LtdIMVP +2.20 points
Nestle India LtdIMVP +2.20 points
Coal India LtdIMVP +2.18 points
Grasim Industries LtdIMVP +2.14 points
Bajaj Auto LtdIMVP +2.11 points

All 30 IMVP holdings⁠All 50 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.

IMVP vs INDY Cost

Overpaying IMVP vs INDY

$2,285

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

  • IMVP 0.78%

    $15,002

  • INDY 0.65%

    $12,717

$10,000
30 years

Cost over time

  • IMVP 0.78%
  • 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$15K$20K051015202530IMVP $15,002INDY $12,717

Year by year

YearIMVPINDYOverpaying
10$1,388$1,163$225
20$5,268$4,440$828
30$15,002$12,717$2,285

Expense ratio

  • 0.78%IMVP
  • 0.65%INDY, cheaper
  • Middle half of India funds
  • Median 0.75%

INDY 5th cheapest of 19 funds

IMVP 14th cheapest of 19 funds

IMVP vs INDY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
IMVP 12.55%, better
INDY 9.63%
Payout (12M)
IMVP $2.38
INDY $4.09
Last payment
IMVP $0.59
INDY $0.10
Ex-dividend
IMVP Jun 22, 2026
INDY Jun 15, 2026
Paid on
IMVP Jun 26, 2026
INDY Jun 18, 2026
Frequency
IMVP Twice a year
INDY Twice a year

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
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$52017202020232026YTD

IMVP vs INDY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IMVP No dataINDY 13.0%
Return per unit of riskSharpe ratio, 3 years
IMVP No dataINDY −0.15
Worst fallMax drawdown, 5 years
IMVP No dataINDY −23.8%
Market sensitivityBeta, 5 years
IMVP 0.59INDY 0.52

IMVP and INDY in the news

All news⁠

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