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IMVP vs SMIN

Invesco India ETF

IMVPCNYSE Arca

iShares MSCI India Small-Cap ETF

SMINACboe

Overlap

Expense ratio

SMIN −0.04pt a year

IMVP0.78%SMIN0.74%

Avg volume · 30D

SMIN 3.4×the volume

IMVP33.6KSMIN116K

IMVP vs SMIN Performance

Jul 31, 2026 – Oct 30, 2026

−6.1%IMVP−4.6%SMIN

Jul 31, 2026 to Oct 30, 2026. IMVP −6.1%. SMIN −4.6%. Use the arrow keys to read each point.−10%−2.5%0%2.5%Jul 2026Sep 2026Oct 2026
Expense ratio
IMVP 0.78%
SMIN 0.74%, better
Fund size
IMVP $93M
SMIN $669M
1Y total return
IMVP No data
SMIN −7.5%
Yield (12M)
IMVP 12.55%, better
SMIN 2.11%
Holdings
IMVP 33
SMIN 456
Avg volume (30D)
IMVP 33.6K sh
SMIN 116K sh, better
NAV per share
IMVP $19.00
SMIN $66.28
52W range

ETF.net Grade

IMVP: Cost 28, Risk 18, Mission 96, Tradability 54, Holdings 62, Durability 75. SMIN: Cost 56, Risk 32, Mission 95, Tradability 79, Holdings 89, Durability 87.
Pillar letters and Scores for IMVP, SMIN, with each pillar’s weight
PillarIMVPSMIN
Cost30% weightD28B56Higher
Mission25% weightA96HigherA95
Risk15% weightF18D32Higher
Tradability15% weightC54A79Higher
Holdings10% weightB62A89Higher
Durability5% weightA75A87Higher

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 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 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 5BIOPPSimplify Tara India Opportunities ETFScore 66
  6. Rank 10BGINDGoldman Sachs India Equity ETFScore 59
  7. Rank 12CIMVPInvesco India ETFScore 53
  8. Rank 13CINDEMatthews India Active ETF INDEScore 50

Our read on each fund

ETF.net Research

IMVPCInvesco India ETF

SMINAiShares MSCI India Small-Cap 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.

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

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

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

  • 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.
  • 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 IMVP profile⁠

Full SMIN profile⁠

IMVP 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.

IMVP vs SMIN Cost

Overpaying IMVP vs SMIN

$695

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

  • IMVP 0.78%

    $15,002

  • SMIN 0.74%

    $14,307

$10,000
30 years

Cost over time

  • IMVP 0.78%
  • 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$15K$20K051015202530IMVP $15,002SMIN $14,307

Year by year

YearIMVPSMINOverpaying
10$1,388$1,319$69
20$5,268$5,015$253
30$15,002$14,307$695

Expense ratio

  • 0.78%IMVP
  • 0.74%SMIN, cheaper
  • Middle half of India funds
  • Median 0.75%

SMIN 9th cheapest of 19 funds

IMVP 14th cheapest of 19 funds

IMVP vs SMIN Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
IMVP 12.55%, better
SMIN 2.11%
Payout (12M)
IMVP $2.38
SMIN $1.41
Last payment
IMVP $0.59
SMIN $1.41
Ex-dividend
IMVP Jun 22, 2026
SMIN Dec 16, 2025
Paid on
IMVP Jun 26, 2026
SMIN Dec 19, 2025
Frequency
IMVP Twice a year
SMIN Annual

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
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

IMVP vs SMIN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IMVP No dataSMIN 18.1%
Return per unit of riskSharpe ratio, 3 years
IMVP No dataSMIN 0.15
Worst fallMax drawdown, 5 years
IMVP No dataSMIN −27.5%
Market sensitivityBeta, 5 years
IMVP 0.59SMIN 0.48

IMVP and SMIN in the news

All news⁠

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