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INDY vs INQQ

iShares India 50 ETF

INDYANasdaq

The India Internet ETF

INQQFNYSE Arca

Overlap

Expense ratio

INDY −0.21pt a year

INDY0.65%INQQ0.86%

Avg volume · 30D

INDY 8.1×the volume

INDY113KINQQ13.9K

3Y return · a year

INQQ +0.8pt

INDY+4.0%INQQ+4.8%

INDY vs INQQ Performance

Nov 7, 2025 – Nov 9, 2026

−5.0%INDY−9.5%INQQ

Nov 7, 2025 to Nov 9, 2026. INDY −5.0%. INQQ −9.5%. Use the arrow keys to read each point.−25%−20%−15%0%Nov 2025May 2026Nov 2026
Expense ratio
INDY 0.65%, better
INQQ 0.86%
Fund size
INDY $596M
INQQ $39M
1Y total return
INDY −5.0%, better
INQQ −9.5%
Yield (12M)
INDY 8.90%, better
INQQ 2.37%
Holdings
INDY 54
INQQ 26
Avg volume (30D)
INDY 113K sh, better
INQQ 13.9K sh
NAV per share
INDY $45.87
INQQ $13.81
52W range

ETF.net Grade

INDY: Cost 78, Risk 47, Mission 100, Tradability 84, Holdings 34, Durability 82. INQQ: Cost 6, Risk 21, Mission not scored, Tradability 37, Holdings 13, Durability 44.
Pillar letters and Scores for INDY, INQQ, with each pillar’s weight
PillarINDYINQQ
Cost30% weightA78HigherF6
Mission25% weightA100Not scored
Risk15% weightC47HigherF21
Tradability15% weightA84HigherD37
Holdings10% weightD34HigherF13
Durability5% weightA82HigherC44

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. INDY and INQQ are both graded against the same 19 India funds, so their Grades compare head to head.

India⁠

Category · 19 funds
See all 19 ›

INDY ranks 3rd and INQQ 19th 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 18DINDQPacer ActiveAlpha India Quality ETFScore 30
  6. Rank 19FINQQThe India Internet ETFScore 18

Our read on each fund

ETF.net Research

INDYAiShares India 50 ETF

INQQFThe India Internet ETF

In short

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.

INQQ Most e-commerce ETFs are Amazon-and-friends with a sprinkle of the world. INQQ goes the other way: a concentrated basket of Indian internet and online-commerce companies, and nothing else.

Stated mandate

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.

INQQ The fund seeks to track an index representing an investable universe of publicly traded Indian internet and ecommerce companies.

Why people hold it

  • 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
  • INQQ Single-country focus. The index covers publicly traded Indian internet and ecommerce companies, a mandate its peers in the e-commerce cohort (EBIZ, IBUY, ONLN) don't offer.
  • Plain plumbing: an index-tracking 1940 Act equity fund that owns the stocks. No swaps, no leverage, no derivatives overlay to unpack.
  • Deliberately tight. A couple dozen names means the leading Indian internet businesses drive returns instead of being diluted by a 200-stock tail.
  • From EMQQ Global, a boutique issuer built around emerging-market internet indexing, which launched INQQ in 2022 to isolate India.

Worth knowing

  • 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
  • INQQ The specialty carries a specialty price: 0.86% a year, above broader e-commerce options like OGIG (0.48%) and EBIZ (0.50%).
  • Small and thinly traded, so bid-ask spreads can run wider than in the large global e-commerce funds.
  • One country, one theme, a couple dozen stocks. Indian market swings, currency moves and local regulation land here undiluted.

Full INDY profile⁠

Full INQQ profile⁠

INDY vs INQQ 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.

INDY vs INQQ Cost

Overpaying INQQ vs INDY

$3,651

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

  • INDY 0.65%

    $12,717

  • INQQ 0.86%

    $16,368

$10,000
30 years

Cost over time

  • INDY 0.65%
  • INQQ 0.86%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530INQQ $16,368INDY $12,717

Year by year

YearINDYINQQOverpaying
10$1,163$1,525$362
20$4,440$5,768$1,328
30$12,717$16,368$3,651

Expense ratio

  • 0.65%INDY, cheaper
  • 0.86%INQQ
  • Middle half of India funds
  • Median 0.75%

INDY 5th cheapest of 19 funds

INQQ 18th cheapest of 19 funds

INDY vs INQQ Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
INDY 8.90%, better
INQQ 2.37%
Payout (12M)
INDY $4.09
INQQ $0.33
Last payment
INDY $0.10
INQQ $0.33
Ex-dividend
INDY Jun 15, 2026
INQQ Dec 30, 2025
Paid on
INDY Jun 18, 2026
INQQ Dec 31, 2025
Frequency
INDY Twice a year
INQQ Annual

Distribution history

Per share, 2017 to 2026, same scale for both

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
INQQAnnual · 3 paymentsAll INQQ payments⁠
One bar per payment. 3 payments from 2017 to 2026 YTD. Dec 26, 2023 $0.006; Dec 30, 2024 $0.19; Dec 30, 2025 $0.33. Use the arrow keys to read each point.$0$2.502017202020232026YTD

INDY vs INQQ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
INDY 13.0%, betterINQQ 17.7%
Return per unit of riskSharpe ratio, 3 years
INDY −0.15INQQ −0.01, better
Worst fallMax drawdown, 5 years
INDY −23.8%INQQ −40.5%since Apr 2022
Market sensitivityBeta, 5 years
INDY 0.52INQQ 0.51

INDY and INQQ in the news

All news⁠

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