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INDQ vs SMIN

Pacer ActiveAlpha India Quality ETF

INDQDNasdaq

iShares MSCI India Small-Cap ETF

SMINACboe

Overlap

Expense ratio

SMIN −0.14pt a year

INDQ0.88%SMIN0.74%

Avg volume · 30D

SMIN 110.8×the volume

INDQ1.05KSMIN116K

INDQ vs SMIN Performance

Jul 31, 2026 – Oct 30, 2026

−6.3%INDQ−4.6%SMIN

Jul 31, 2026 to Oct 30, 2026. INDQ −6.3%. SMIN −4.6%. Use the arrow keys to read each point.−2.5%0%2.5%Jul 2026Sep 2026Oct 2026
Expense ratio
INDQ 0.88%
SMIN 0.74%, better
Fund size
INDQ $2M
SMIN $669M
1Y total return
INDQ No data
SMIN −7.5%
Yield (12M)
INDQ No data
SMIN 2.11%
Holdings
INDQ 29
SMIN 456
Avg volume (30D)
INDQ 1.05K sh
SMIN 116K sh, better
NAV per share
INDQ $24.52
SMIN $66.28
52W range

ETF.net Grade

INDQ: Cost 0, Risk 85, Mission not scored, Tradability 36, Holdings 54, Durability 24. SMIN: Cost 56, Risk 32, Mission 95, Tradability 79, Holdings 89, Durability 87.
Pillar letters and Scores for INDQ, SMIN, with each pillar’s weight
PillarINDQSMIN
Cost30% weightF0B56Higher
Mission25% weightNot scoredA95
Risk15% weightA85HigherD32
Tradability15% weightD36A79Higher
Holdings10% weightC54A89Higher
Durability5% weightF24A87Higher

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. INDQ 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 INDQ 18th 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 17CINDXtrackers Nifty 500 India ETFScore 40
  7. Rank 18DINDQPacer ActiveAlpha India Quality ETFScore 33
  8. Rank 19FINQQThe India Internet ETFScore 19

Our read on each fund

ETF.net Research

INDQDPacer ActiveAlpha India Quality ETF

SMINAiShares MSCI India Small-Cap ETF

In short

INDQ Most India funds hand you the same large-cap giants. INDQ screens the Nifty 500 and Nifty Microcap 250 on quality, value and momentum, keeps roughly 20 to 30 names, and rebuilds quarterly.

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

INDQ The fund seeks capital appreciation by screening the ActiveAlpha India Quality Index for leading companies using quality, value, and momentum criteria.

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

Why people hold it

  • INDQ The index ranks on quality, value and momentum, then holds roughly 20 to 30 Indian companies with weighting caps. Concentrated enough that individual names actually register.yahoo.com
  • The starting universe pairs the Nifty 500 with the Nifty Microcap 250, so smaller Indian companies are in scope, not only the household blue chips.yahoo.com
  • Built with ActiveAlpha, a Mumbai-based index provider, and rebalanced quarterly so the roster reflects current factor rankings rather than last year's leaders.yahoo.compaceretfs.com
  • 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

  • INDQ At 0.88% a year, it costs several times the broad international factor funds (INTF at 0.16%, GSIE at 0.25%). Single-country concentration and local research carry a price tag.
  • Launched in 2026, still small and lightly traded. Spreads can run wider than on the big established India index funds.
  • About 30 stocks in one emerging market: company, sector and rupee moves all land in the price. The stated mandate is capital appreciation, not income.
  • 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 INDQ profile⁠

Full SMIN profile⁠

INDQ vs SMIN Holdings

As of
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.

INDQ vs SMIN Cost

Overpaying INDQ vs SMIN

$2,398

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

  • INDQ 0.88%

    $16,705

  • SMIN 0.74%

    $14,307

$10,000
30 years

Cost over time

  • INDQ 0.88%
  • 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$15K$20K051015202530INDQ $16,705SMIN $14,307

Year by year

YearINDQSMINOverpaying
10$1,559$1,319$240
20$5,891$5,015$876
30$16,705$14,307$2,398

Expense ratio

  • 0.88%INDQ
  • 0.74%SMIN, cheaper
  • Middle half of India funds
  • Median 0.75%

SMIN 9th cheapest of 19 funds

INDQ 19th cheapest of 19 funds

INDQ vs SMIN Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
INDQ No data
SMIN 2.11%
Payout (12M)
INDQ No data
SMIN $1.41
Last payment
INDQ $0.08
SMIN $1.41
Ex-dividend
INDQ Sep 3, 2026
SMIN Dec 16, 2025
Paid on
INDQ Sep 8, 2026
SMIN Dec 19, 2025
Frequency
INDQ Irregular
SMIN Annual

Distribution history

Per share, 2017 to 2026, same scale for both

INDQIrregular · 1 paymentAll INDQ payments⁠
One bar per payment. 1 payment from 2017 to 2026 YTD. Sep 3, 2026 $0.08. 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

INDQ vs SMIN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
INDQ No dataSMIN 18.1%
Return per unit of riskSharpe ratio, 3 years
INDQ No dataSMIN 0.15
Worst fallMax drawdown, 5 years
INDQ No dataSMIN −27.5%
Market sensitivityBeta, 5 years
INDQ 0.32SMIN 0.48

INDQ and SMIN in the news

All news⁠

Popular comparisons

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