Skip to content
etf.net

INDY vs NDIA

iShares India 50 ETF

INDYANasdaq

Global X India Active ETF

NDIABNYSE Arca

Overlap

Expense ratio

INDY −0.10pt a year

INDY0.65%NDIA0.75%

Avg volume · 30D

INDY 26.3×the volume

INDY112KNDIA4.27K

3Y return · a year

NDIA +1.8pt

INDY+1.9%NDIA+3.7%

INDY vs NDIA Performance

Oct 31, 2025 – Nov 2, 2026

−11.5%INDY−8.4%NDIA

Oct 31, 2025 to Nov 2, 2026. INDY −11.5%. NDIA −8.4%. Use the arrow keys to read each point.−15%−5%0%Oct 2025May 2026Nov 2026
Expense ratio
INDY 0.65%, better
NDIA 0.75%
Fund size
INDY $507M
NDIA $51M
1Y total return
INDY −11.5%
NDIA −8.4%, better
Yield (12M)
INDY 9.48%, better
NDIA 1.21%
Holdings
INDY 53
NDIA 32
Avg volume (30D)
INDY 112K sh, better
NDIA 4.27K sh
NAV per share
INDY $42.41
NDIA $26.45
52W range

ETF.net Grade

INDY: Cost 78, Risk 49, Mission 100, Tradability 82, Holdings 35, Durability 84. NDIA: Cost 42, Risk 67, Mission 97, Tradability 35, Holdings not scored, Durability 43.
Pillar letters and Scores for INDY, NDIA, with each pillar’s weight
PillarINDYNDIA
Cost30% weightA78HigherC42
Mission25% weightA100HigherA97
Risk15% weightC49B67Higher
Tradability15% weightA82HigherD35
Holdings10% weightD35Not scored
Durability5% weightA84HigherC43

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 NDIA 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 NDIA 9th 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 8BNFTYFirst Trust India NIFTY 50 Equal Weight ETFScore 61
  6. Rank 9BNDIAGlobal X India Active ETFScore 60
  7. Rank 10BEPIWisdomTree India Earnings FundScore 59

Our read on each fund

ETF.net Research

INDYAiShares India 50 ETF

NDIABGlobal X India Active 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.

NDIA Most India ETFs hand you an index and a few hundred names. NDIA is a stockpicker: about 30 companies chosen for business quality and domestic-driven growth, held on a four- to five-year view.

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.

NDIA The fund seeks long-term capital growth through active exposure to India, emphasizing companies with quality business models and management teams and domestic-driven growth over a four- to five-year horizon.

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
  • NDIA Actively run, not index-shadowing. A concentrated book of roughly 30 Indian companies, selected for quality business models and management teams, with long-term capital growth as the stated goal.globalxetfs.com
  • Costs 0.75% a year, level with the typical India ETF fee. Active stock selection at passive-median pricing is a rarer combination than it sounds.
  • Does what the label says. Pure India equity, quality screen, domestic-growth tilt, with very little drift from the advertised brief compared with its single-country peers.globalxetfs.com

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
  • NDIA Cheaper index routes to the same country exist: FLIN charges 0.19% and INDA 0.61%. The extra fee here buys a manager's judgment, not broader coverage.
  • About 30 holdings means individual names carry real weight, and the whole portfolio rides one emerging market's economy and currency.
  • Trades lightly next to the giant India index funds and launched in 2023, so spreads can be wider and the live track record is still short.

Full INDY profile⁠

Full NDIA profile⁠

INDY vs NDIA 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 NDIA Cost

Overpaying NDIA vs INDY

$1,765

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

  • INDY 0.65%

    $12,717

  • NDIA 0.75%

    $14,482

$10,000
30 years

Cost over time

  • INDY 0.65%
  • NDIA 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530NDIA $14,482INDY $12,717

Year by year

YearINDYNDIAOverpaying
10$1,163$1,336$173
20$4,440$5,078$638
30$12,717$14,482$1,765

Expense ratio

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

INDY 5th cheapest of 19 funds

NDIA 10th cheapest of 19 funds

INDY vs NDIA Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
INDY 9.48%, better
NDIA 1.21%
Payout (12M)
INDY $4.09
NDIA $0.33
Last payment
INDY $0.10
NDIA $0.33
Ex-dividend
INDY Jun 15, 2026
NDIA Dec 30, 2025
Paid on
INDY Jun 18, 2026
NDIA Jan 7, 2026
Frequency
INDY Twice a year
NDIA 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
NDIAAnnual · 3 paymentsAll NDIA payments⁠
One bar per payment. 3 payments from 2017 to 2026 YTD. Dec 28, 2023 $0.08; Dec 30, 2024 $1.05; Dec 30, 2025 $0.33. Use the arrow keys to read each point.$0$2.502017202020232026YTD

INDY vs NDIA 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%, betterNDIA 14.4%
Return per unit of riskSharpe ratio, 3 years
INDY −0.15NDIA 0.01, better
Worst fallMax drawdown, 5 years
INDY −23.8%NDIA −22.0%since Aug 2023
Market sensitivityBeta, 5 years
INDY 0.52NDIA 0.38

INDY and NDIA in the news

All news⁠

Popular comparisons

  • INDYAvsFLINA

    iShares India 50 ETF · Franklin FTSE India ETF

    Expense ratio
    0.65% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NDIABvsFLINA

    Global X India Active ETF · Franklin FTSE India ETF

    Expense ratio
    0.75% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • INDYAvsINDAA

    iShares India 50 ETF · iShares MSCI India ETF

    Expense ratio
    0.65% · 0.61%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NDIABvsINDAA

    Global X India Active ETF · iShares MSCI India ETF

    Expense ratio
    0.75% · 0.61%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • INDYAvsSMINA

    iShares India 50 ETF · iShares MSCI India Small-Cap ETF

    Expense ratio
    0.65% · 0.74%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NDIABvsSMINA

    Global X India Active ETF · iShares MSCI India Small-Cap ETF

    Expense ratio
    0.75% · 0.74%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.