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INCO vs INDA

Columbia India Consumer ETF

INCOCNYSE Arca

iShares MSCI India ETF

INDAACboe

Overlap

2.0%by weight

Expense ratio

INDA −0.14pt a year

INCO0.75%INDA0.61%

Avg volume · 30D

INDA 211.2×the volume

INCO25KINDA5.28M

10Y return · a year

INCO +1.1pt

INCO+7.7%INDA+6.6%

INCO vs INDA Performance

Nov 2, 2021 – Nov 2, 2026

+25.4%INCO+5.3%INDA

Nov 2, 2021 to Nov 2, 2026. INCO +25.4%. INDA +5.3%. Use the arrow keys to read each point.−20%40%60%Nov 2021May 2024Nov 2026
Expense ratio
INCO 0.75%
INDA 0.61%, better
Fund size
INCO $205M
INDA $5.84B
1Y total return
INCO −10.2%
INDA −10.2%
Yield (12M)
INCO 0.00%
INDA 0.00%
Holdings
INCO 32
INDA 168
Avg volume (30D)
INCO 25K sh
INDA 5.28M sh, better
NAV per share
INCO $58.26
INDA $47.59
52W range

ETF.net Grade

INCO: Cost 42, Risk 49, Mission not scored, Tradability 61, Holdings 31, Durability 61. INDA: Cost 89, Risk 55, Mission 100, Tradability 100, Holdings 70, Durability 94.
Pillar letters and Scores for INCO, INDA, with each pillar’s weight
PillarINCOINDA
Cost30% weightC42A89Higher
Mission25% weightNot scoredA100
Risk15% weightC49B55Higher
Tradability15% weightB61A100Higher
Holdings10% weightD31A70Higher
Durability5% weightB61A94Higher

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. INCO 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 INCO 15th 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 13CINDZVanEck India Select ETFScore 49
  5. Rank 15CINCOColumbia India Consumer ETFScore 46
  6. Rank 16CDGINVanEck Digital India ETFScore 44

Our read on each fund

ETF.net Research

INCOCColumbia India Consumer ETF

INDAAiShares MSCI India ETF

In short

INCO Most India ETFs hand you the whole market: banks, software, energy. INCO buys the shopping cart instead, a concentrated basket of Indian consumer discretionary and staples companies, tracking a rules-based index since 2011.

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

INCO The Fund is passively managed and seeks to track an unaffiliated index while investing predominantly in Indian securities. Its exposure is concentrated in consumer discretionary and consumer staples companies.

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

Why people hold it

  • INCO A direct play on Indian household spending: consumer discretionary and staples only, not a thin sliver buried inside a broad-market index.
  • Passive and rules-based, following the Indxx India Consumer Goods Index, and it has stuck closely to that stated mandate.
  • Live since 2011, carrying the same consumer mandate through more than a decade of Indian market cycles. Long track record for a niche theme.
  • 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

  • INCO The 0.76% expense ratio sits right at the India-fund median, but well above broad options like FLIN at 0.19%. A focused slice prices higher than the whole market.
  • Roughly 30 stocks in two sectors: individual names carry real weight, and a consumer-led selloff leaves nowhere to hide.
  • A smaller, thinly traded fund, so spreads can run wider than on the big broad-India names. Income has not been part of the story here.
  • 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 INCO profile⁠

Full INDA profile⁠

INCO vs INDA Holdings

How INCO and INDA differ

Overlap by weight

2.0%

Shared holdings make up 4.2% of INCO and 2.0% of INDA.

Level by level

  • Holdings1 in both2.0%
  • Sector11 Sectors24.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

Sector weights in INCO and INDA, widest gap first
SectorMore in INCOMore in INDA
Consumer DiscretionaryINCO +48.1 points
FinancialsINDA +30.1 points
Consumer StaplesINCO +27.9 points
MaterialsINDA +8.4 points
IndustrialsINDA +8.1 points
EnergyINDA +7.6 points
TechnologyINDA +6.8 points
CommunicationINDA +5.5 points
Health CareINDA +4.4 points
UtilitiesINDA +3.9 points
Real EstateINDA +1.4 points

Country, concentration and asset class

Country by domicile

Country weights in INCO and INDA, widest gap first
CountryMore in INCOMore in INDA
IndiaSame weight

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

Concentration

Weight in the 10 largest Holdings

  • INCO49.5%
  • INDA34.9%

Securities held

  • INCO30
  • INDA165

Asset class

INCO
Equity
INDA
Equity

Holdings

  • Only in INCO29
  • In both1
  • Only in INDA164

Only in INCO

29 securities, 95.2% of INCO by weight

  • Eternal Ltd7.32%
  • Tvs Motor Co Ltd5.30%
  • Bajaj Auto Ltd5.22%

Only in INDA

164 securities, 97.8% of INDA by weight

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

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in INCO and INDA, widest gap first
HoldingMore in INCOMore in INDA
Mahindra & Mahindra LtdINCO +2.25 points

All 34 INCO 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.

INCO vs INDA Cost

Overpaying INCO vs INDA

$2,484

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

  • INCO 0.75%

    $14,482

  • INDA 0.61%

    $11,998

$10,000
30 years

Cost over time

  • INCO 0.75%
  • 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$15K051015202530INCO $14,482INDA $11,998

Year by year

YearINCOINDAOverpaying
10$1,336$1,093$243
20$5,078$4,181$897
30$14,482$11,998$2,484

Expense ratio

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

INDA 3rd cheapest of 19 funds

INCO 10th cheapest of 19 funds

INCO vs INDA Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
INCO 0.00%
INDA 0.00%
Payout (12M)
INCO None
INDA None

Distribution history

Per share, 2015 to 2024, same scale for both

INCO9 paymentsAll INCO payments⁠
One bar per payment. 9 payments from 2015 to 2024. Dec 23, 2016 $0.03; Dec 15, 2017 $0.03; Dec 21, 2018 $0.05; Dec 20, 2019 $0.12; Dec 18, 2020 $0.16; Dec 20, 2021 $3.37; Dec 19, 2022 $4.80; Dec 18, 2023 $2.24; Dec 18, 2024 $1.86. Use the arrow keys to read each point.$0$52015201820212024
INDA18 paymentsAll INDA payments⁠
One bar per payment. 18 payments from 2015 to 2024. Jun 25, 2015 $0.13; Dec 21, 2015 $0.20; Jun 22, 2016 $0.17; Dec 21, 2016 $0.07; 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$52015201820212024

INCO vs INDA Risk

Fall from peak · 5 years

  • INCO
  • INDA
Nov 2, 2021 to Nov 2, 2026. Worst fall: INCO −30.0% · Mar 2026. Use the arrow keys to read each point.−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
INCO 17.6%INDA 13.7%, better
Return per unit of riskSharpe ratio, 3 years
INCO 0.14, betterINDA 0.00007
Worst fallMax drawdown, 5 years
INCO −30.0%INDA −22.7%, better
Market sensitivityBeta, 5 years
INCO 0.73INDA 0.56

INCO and INDA in the news

All news⁠

Popular comparisons

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