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INDA vs IOPP

iShares MSCI India ETF

INDAACboe

Simplify Tara India Opportunities ETF

IOPPBNYSE Arca

Overlap

Expense ratio

INDA −0.10pt a year

INDA0.61%IOPP0.71%

Avg volume · 30D

INDA 2317.4×the volume

INDA5.28MIOPP2.28K

INDA vs IOPP Performance

Oct 31, 2025 – Oct 30, 2026

−11.6%INDA−7.8%IOPP

Oct 31, 2025 to Oct 30, 2026. INDA −11.6%. IOPP −7.8%. Use the arrow keys to read each point.−15%−5%0%Oct 2025Apr 2026Oct 2026
Expense ratio
INDA 0.61%, better
IOPP 0.71%
Fund size
INDA $5.84B
IOPP $6M
1Y total return
INDA −11.6%
IOPP −7.8%, better
Yield (12M)
INDA 0.00%
IOPP 0.60%, better
Holdings
INDA 168
IOPP 29
Avg volume (30D)
INDA 5.28M sh, better
IOPP 2.28K sh
NAV per share
INDA $47.59
IOPP $25.07
52W range

ETF.net Grade

INDA: Cost 89, Risk 55, Mission 100, Tradability 100, Holdings 70, Durability 94. IOPP: Cost 64, Risk 49, Mission 100, Tradability 24, Holdings 100, Durability 37.
Pillar letters and Scores for INDA, IOPP, with each pillar’s weight
PillarINDAIOPP
Cost30% weightA89HigherB64
Mission25% weightA100A100
Risk15% weightB55HigherC49
Tradability15% weightA100HigherF24
Holdings10% weightA70A100Higher
Durability5% weightA94HigherD37

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 IOPP 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 IOPP 5th 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 6BGLINVanEck India Growth Leaders ETFScore 64

Our read on each fund

ETF.net Research

INDAAiShares MSCI India ETF

IOPPBSimplify Tara India Opportunities 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.

IOPP Most India ETFs hand you the whole index. IOPP goes the other way: an actively managed, roughly 30-stock portfolio of Indian companies picked by bottom-up research, launched by Simplify in 2024.

Stated mandate

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

IOPP The fund seeks long-term capital appreciation and invests in equity securities of Indian issuers. It is actively managed and uses bottom-up research to pursue India's long-term growth opportunities.

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.
  • IOPP Active by design: a concentrated book of Indian issuers chosen through bottom-up research, not a copy of the MSCI India Index it measures itself against.simplify.us
  • Plain packaging: a standard US-listed 1940 Act fund holding Indian equities. No swaps or offshore wrappers to decode.simplify.us
  • What is inside matches the label. The portfolio sits squarely in Indian equities, with no style drift into other markets.

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).
  • IOPP It charges 1.03% a year, more than broad India index trackers such as FLIN and INDA. Active stock picking is what that buys.
  • Small asset base and thin trading, so spreads can run wider than the big India funds. How you place the order matters more here.
  • Launched in 2024 with roughly 30 names, so the track record is short and individual stocks move it. Distributions come annually or semiannually.

Full INDA profile⁠

Full IOPP profile⁠

INDA vs IOPP 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 IOPP Cost

Overpaying IOPP vs INDA

$1,784

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

  • INDA 0.61%

    $11,998

  • IOPP 0.71%

    $13,782

$10,000
30 years

Cost over time

  • INDA 0.61%
  • IOPP 0.71%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530IOPP $13,782INDA $11,998

Year by year

YearINDAIOPPOverpaying
10$1,093$1,267$174
20$4,181$4,824$643
30$11,998$13,782$1,784

Expense ratio

  • 0.61%INDA, cheaper
  • 0.71%IOPP
  • Middle half of India funds
  • Median 0.75%

INDA 3rd cheapest of 19 funds

IOPP 7th cheapest of 19 funds

INDA vs IOPP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
INDA 0.00%
IOPP 0.60%, better
Payout (12M)
INDA None
IOPP $0.15
Last payment
INDA No data
IOPP $0.05
Ex-dividend
INDA No data
IOPP Sep 25, 2026
Paid on
INDA No data
IOPP Sep 30, 2026
Frequency
INDA No data
IOPP Quarterly

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
IOPPQuarterly · 5 paymentsAll IOPP payments⁠
One bar per payment. 5 payments from 2017 to 2026 YTD. Dec 23, 2024 $1.86; Mar 26, 2025 $0.08; Mar 26, 2026 $0.05; Jun 25, 2026 $0.05; Sep 25, 2026 $0.05. Use the arrow keys to read each point.$0$2.502017202020232026YTD

INDA vs IOPP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
INDA 13.7%IOPP 15.2%since Apr 2024
Return per unit of riskSharpe ratio, 3 years
INDA 0.00007IOPP −0.01since Apr 2024
Worst fallMax drawdown, 5 years
INDA −22.7%IOPP −23.6%since Mar 2024
Market sensitivityBeta, 5 years
INDA 0.56IOPP 0.42

INDA and IOPP in the news

All news⁠

Popular comparisons

  • INDAAvsFLINA

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    Expense ratio
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    Category
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    Category
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