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INDA vs INDY

iShares MSCI India ETF

INDAACboe

iShares India 50 ETF

INDYANasdaq

Overlap

Expense ratio

INDA −0.04pt a year

INDA0.61%INDY0.65%

Avg volume · 30D

INDA 47.0×the volume

INDA5.28MINDY112K

10Y return · a year

INDA +0.4pt

INDA+6.3%INDY+5.9%

INDA vs INDY Performance

Oct 29, 2021 – Oct 30, 2026

+5.0%INDA−0.1%INDY

Oct 29, 2021 to Oct 30, 2026. INDA +5.0%. INDY −0.1%. Use the arrow keys to read each point.−10%20%30%Oct 2021Apr 2024Oct 2026
Expense ratio
INDA 0.61%, better
INDY 0.65%
Fund size
INDA $5.84B
INDY $507M
1Y total return
INDA −11.6%, better
INDY −12.8%
Yield (12M)
INDA 0.00%
INDY 9.63%, better
Holdings
INDA 168
INDY 54
Avg volume (30D)
INDA 5.28M sh, better
INDY 112K sh
NAV per share
INDA $47.59
INDY $42.41
52W range

ETF.net Grade

INDA: Cost 89, Risk 55, Mission 100, Tradability 100, Holdings 70, Durability 94. INDY: Cost 78, Risk 49, Mission 100, Tradability 83, Holdings 35, Durability 84.
Pillar letters and Scores for INDA, INDY, with each pillar’s weight
PillarINDAINDY
Cost30% weightA89HigherA78
Mission25% weightA100A100
Risk15% weightB55HigherC49
Tradability15% weightA100HigherA83
Holdings10% weightA70HigherD35
Durability5% weightA94HigherA84

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. INDA 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 ›

INDA ranks 1st and INDY 3rd 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

Our read on each fund

ETF.net Research

INDAAiShares MSCI India ETF

INDYAiShares India 50 ETF

In short

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.

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

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

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

  • 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.
  • 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

  • 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).
  • 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 INDA profile⁠

Full INDY profile⁠

INDA vs 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.

INDA vs INDY Cost

Overpaying INDY vs INDA

$719

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

  • INDA 0.61%

    $11,998

  • INDY 0.65%

    $12,717

$10,000
30 years

Cost over time

  • INDA 0.61%
  • 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$15K051015202530INDY $12,717INDA $11,998

Year by year

YearINDAINDYOverpaying
10$1,093$1,163$70
20$4,181$4,440$259
30$11,998$12,717$719

Expense ratio

  • 0.61%INDA, cheaper
  • 0.65%INDY
  • Middle half of India funds
  • Median 0.75%

INDA 3rd cheapest of 19 funds

INDY 5th cheapest of 19 funds

INDA vs INDY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
INDA 0.00%
INDY 9.63%, better
Payout (12M)
INDA None
INDY $4.09
Last payment
INDA No data
INDY $0.10
Ex-dividend
INDA No data
INDY Jun 15, 2026
Paid on
INDA No data
INDY Jun 18, 2026
Frequency
INDA No data
INDY Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

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$2.502017202020232026YTD
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$2.502017202020232026YTD

INDA vs INDY Risk

Fall from peak · 5 years

  • INDA
  • INDY
Oct 29, 2021 to Oct 30, 2026. Worst fall: INDY −23.8% · Oct 2026. Use the arrow keys to read each point.−25%−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
INDA 13.7%INDY 13.0%, better
Return per unit of riskSharpe ratio, 3 years
INDA 0.00007, betterINDY −0.15
Worst fallMax drawdown, 5 years
INDA −22.7%, betterINDY −23.8%
Market sensitivityBeta, 5 years
INDA 0.56INDY 0.52

INDA and INDY in the news

All news⁠

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