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INDY vs IOPP

iShares India 50 ETF

INDYANasdaq

Simplify Tara India Opportunities ETF

IOPPBNYSE Arca

Overlap

Expense ratio

INDY −0.06pt a year

INDY0.65%IOPP0.71%

Avg volume · 30D

INDY 49.3×the volume

INDY112KIOPP2.28K

INDY vs IOPP Performance

Oct 31, 2025 – Oct 30, 2026

−12.8%INDY−7.8%IOPP

Oct 31, 2025 to Oct 30, 2026. INDY −12.8%. IOPP −7.8%. Use the arrow keys to read each point.−15%−10%−5%0%Oct 2025Apr 2026Oct 2026
Expense ratio
INDY 0.65%, better
IOPP 0.71%
Fund size
INDY $507M
IOPP $6M
1Y total return
INDY −12.8%
IOPP −7.8%, better
Yield (12M)
INDY 9.63%, better
IOPP 0.60%
Holdings
INDY 54
IOPP 29
Avg volume (30D)
INDY 112K sh, better
IOPP 2.28K sh
NAV per share
INDY $42.41
IOPP $25.07
52W range

ETF.net Grade

INDY: Cost 78, Risk 49, Mission 100, Tradability 83, Holdings 35, Durability 84. IOPP: Cost 64, Risk 49, Mission 100, Tradability 24, Holdings 100, Durability 37.
Pillar letters and Scores for INDY, IOPP, with each pillar’s weight
PillarINDYIOPP
Cost30% weightA78HigherB64
Mission25% weightA100A100
Risk15% weightC49C49
Tradability15% weightA83HigherF24
Holdings10% weightD35A100Higher
Durability5% weightA84HigherD37

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 IOPP 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 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

INDYAiShares India 50 ETF

IOPPBSimplify Tara India Opportunities 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.

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

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.

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

  • 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
  • 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

  • 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
  • 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 INDY profile⁠

Full IOPP profile⁠

INDY 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.

INDY vs IOPP Cost

Overpaying IOPP vs INDY

$1,065

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

  • INDY 0.65%

    $12,717

  • IOPP 0.71%

    $13,782

$10,000
30 years

Cost over time

  • INDY 0.65%
  • 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 $13,782INDY $12,717

Year by year

YearINDYIOPPOverpaying
10$1,163$1,267$104
20$4,440$4,824$384
30$12,717$13,782$1,065

Expense ratio

  • 0.65%INDY, cheaper
  • 0.71%IOPP
  • Middle half of India funds
  • Median 0.75%

INDY 5th cheapest of 19 funds

IOPP 7th cheapest of 19 funds

INDY vs IOPP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
INDY 9.63%, better
IOPP 0.60%
Payout (12M)
INDY $4.09
IOPP $0.15
Last payment
INDY $0.10
IOPP $0.05
Ex-dividend
INDY Jun 15, 2026
IOPP Sep 25, 2026
Paid on
INDY Jun 18, 2026
IOPP Sep 30, 2026
Frequency
INDY Twice a year
IOPP Quarterly

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
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

INDY vs IOPP 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%IOPP 15.2%since Apr 2024
Return per unit of riskSharpe ratio, 3 years
INDY −0.15IOPP −0.01since Apr 2024
Worst fallMax drawdown, 5 years
INDY −23.8%IOPP −23.6%since Mar 2024
Market sensitivityBeta, 5 years
INDY 0.52IOPP 0.42

INDY and IOPP in the news

All news⁠

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