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INCO vs SMIN

Columbia India Consumer ETF

INCOCNYSE Arca

iShares MSCI India Small-Cap ETF

SMINACboe

Overlap

Expense ratio

SMIN −0.01pt a year

INCO0.75%SMIN0.74%

Avg volume · 30D

SMIN 4.6×the volume

INCO25KSMIN116K

10Y return · a year

SMIN +0.4pt

INCO+7.7%SMIN+8.1%

INCO vs SMIN Performance

Nov 2, 2021 – Nov 2, 2026

+25.4%INCO+22.1%SMIN

Nov 2, 2021 to Nov 2, 2026. INCO +25.4%. SMIN +22.1%. Use the arrow keys to read each point.−20%0%40%60%Nov 2021May 2024Nov 2026
Expense ratio
INCO 0.75%
SMIN 0.74%, better
Fund size
INCO $205M
SMIN $669M
1Y total return
INCO −10.2%
SMIN −6.0%, better
Yield (12M)
INCO 0.00%
SMIN 2.07%, better
Holdings
INCO 32
SMIN 456
Avg volume (30D)
INCO 25K sh
SMIN 116K sh, better
NAV per share
INCO $58.26
SMIN $66.28
52W range

ETF.net Grade

INCO: Cost 42, Risk 49, Mission not scored, Tradability 61, Holdings 31, Durability 61. SMIN: Cost 56, Risk 32, Mission 95, Tradability 79, Holdings 89, Durability 87.
Pillar letters and Scores for INCO, SMIN, with each pillar’s weight
PillarINCOSMIN
Cost30% weightC42B56Higher
Mission25% weightNot scoredA95
Risk15% weightC49HigherD32
Tradability15% weightB61A79Higher
Holdings10% weightD31A89Higher
Durability5% weightB61A87Higher

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 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 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 4ASMINiShares MSCI India Small-Cap ETFScore 70
  5. Rank 5BIOPPSimplify Tara India Opportunities ETFScore 68
  6. Rank 13CINDZVanEck India Select ETFScore 49
  7. Rank 15CINCOColumbia India Consumer ETFScore 46
  8. Rank 16CDGINVanEck Digital India ETFScore 44

Our read on each fund

ETF.net Research

INCOCColumbia India Consumer ETF

SMINAiShares MSCI India Small-Cap 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.

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

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.

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

  • 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.
  • 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 INCO profile⁠

Full SMIN profile⁠

INCO 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.

INCO vs SMIN Cost

Overpaying INCO vs SMIN

$175

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

  • INCO 0.75%

    $14,482

  • SMIN 0.74%

    $14,307

$10,000
30 years

Cost over time

  • INCO 0.75%
  • 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$15K051015202530INCO $14,482SMIN $14,307

Year by year

YearINCOSMINOverpaying
10$1,336$1,319$17
20$5,078$5,015$63
30$14,482$14,307$175

Expense ratio

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

SMIN 9th cheapest of 19 funds

INCO 10th cheapest of 19 funds

INCO vs SMIN Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
INCO 0.00%
SMIN 2.07%, better
Payout (12M)
INCO None
SMIN $1.41
Last payment
INCO No data
SMIN $1.41
Ex-dividend
INCO No data
SMIN Dec 16, 2025
Paid on
INCO No data
SMIN Dec 19, 2025
Frequency
INCO No data
SMIN Annual

Distribution history

Per share, 2017 to 2026, same scale for both

INCO8 paymentsAll INCO payments⁠
One bar per payment. 8 payments from 2017 to 2026 YTD. 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$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

INCO vs SMIN Risk

Fall from peak · 5 years

  • INCO
  • SMIN
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%, betterSMIN 18.1%
Return per unit of riskSharpe ratio, 3 years
INCO 0.14SMIN 0.15, better
Worst fallMax drawdown, 5 years
INCO −30.0%SMIN −27.5%, better
Market sensitivityBeta, 5 years
INCO 0.73SMIN 0.48

INCO and SMIN in the news

All news⁠

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