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INDA vs SMIN

iShares MSCI India ETF

INDAACboe

iShares MSCI India Small-Cap ETF

SMINACboe

Overlap

Expense ratio

INDA −0.13pt a year

INDA0.61%SMIN0.74%

Avg volume · 30D

INDA 45.5×the volume

INDA5.28MSMIN116K

10Y return · a year

SMIN +1.4pt

INDA+6.3%SMIN+7.7%

INDA vs SMIN Performance

Oct 29, 2021 – Oct 30, 2026

+5.0%INDA+23.0%SMIN

Oct 29, 2021 to Oct 30, 2026. INDA +5.0%. SMIN +23.0%. Use the arrow keys to read each point.−20%40%Oct 2021Apr 2024Oct 2026
Expense ratio
INDA 0.61%, better
SMIN 0.74%
Fund size
INDA $5.84B
SMIN $669M
1Y total return
INDA −11.6%
SMIN −7.5%, better
Yield (12M)
INDA 0.00%
SMIN 2.11%, better
Holdings
INDA 168
SMIN 456
Avg volume (30D)
INDA 5.28M sh, better
SMIN 116K sh
NAV per share
INDA $47.59
SMIN $66.28
52W range

ETF.net Grade

INDA: Cost 89, Risk 55, Mission 100, Tradability 100, Holdings 70, Durability 94. SMIN: Cost 56, Risk 32, Mission 95, Tradability 79, Holdings 89, Durability 87.
Pillar letters and Scores for INDA, SMIN, with each pillar’s weight
PillarINDASMIN
Cost30% weightA89HigherB56
Mission25% weightA100HigherA95
Risk15% weightB55HigherD32
Tradability15% weightA100HigherA79
Holdings10% weightA70A89Higher
Durability5% weightA94HigherA87

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 SMIN 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 SMIN 4th 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

Our read on each fund

ETF.net Research

INDAAiShares MSCI India ETF

SMINAiShares MSCI India Small-Cap 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.

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

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

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

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.
  • 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

  • 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).
  • 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 INDA profile⁠

Full SMIN profile⁠

INDA 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.

INDA vs SMIN Cost

Overpaying SMIN vs INDA

$2,309

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

  • INDA 0.61%

    $11,998

  • SMIN 0.74%

    $14,307

$10,000
30 years

Cost over time

  • INDA 0.61%
  • 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$15K051015202530SMIN $14,307INDA $11,998

Year by year

YearINDASMINOverpaying
10$1,093$1,319$226
20$4,181$5,015$834
30$11,998$14,307$2,309

Expense ratio

  • 0.61%INDA, cheaper
  • 0.74%SMIN
  • Middle half of India funds
  • Median 0.75%

INDA 3rd cheapest of 19 funds

SMIN 9th cheapest of 19 funds

INDA vs SMIN Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
INDA 0.00%
SMIN 2.11%, better
Payout (12M)
INDA None
SMIN $1.41
Last payment
INDA No data
SMIN $1.41
Ex-dividend
INDA No data
SMIN Dec 16, 2025
Paid on
INDA No data
SMIN Dec 19, 2025
Frequency
INDA No data
SMIN Annual

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$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

INDA vs SMIN Risk

Fall from peak · 5 years

  • INDA
  • SMIN
Oct 29, 2021 to Oct 30, 2026. Worst fall: SMIN −27.5% · Mar 2026. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
INDA 13.7%, betterSMIN 18.1%
Return per unit of riskSharpe ratio, 3 years
INDA 0.00007SMIN 0.15, better
Worst fallMax drawdown, 5 years
INDA −22.7%, betterSMIN −27.5%
Market sensitivityBeta, 5 years
INDA 0.56SMIN 0.48

Popular comparisons

  • INDAAvsFLINA

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    Expense ratio
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    Category
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