INDY
iShares India 50 ETF
iShares S&P India Nifty 50 Index Fund investment results that correspond to the price and yield performance of the S&P CNX Nifty Index.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
$ 587.9 M
ASSETS UNDER MGMT
89 bp
EXPENSES
Fund Basics
| Inception date | Nov 18, 2009 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| HDFC BANK LIMITED | 10.9 % |
| RELIANCE INDUSTRIES LTD | 9.9 % |
| ICICI BANK LTD | 9.3 % |
| INFOSYS TECHNOLOGIES LTD | 5.1 % |
| BHARTI AIRTEL LIMITED | 5.0 % |
| LARSEN & TOUBRO LIMITED | 4.3 % |
| STATE BANK OF INDIA | 4.1 % |
| AXIS BANK LIMITED | 3.5 % |
| MAHINDRA & MAHINDRA LTD. | 3.1 % |
| ITC LTD | 2.6 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 493 |
| Wgt avg mkt cap (mns) | $72,415 |
| Large cap (>$10bn) | 87.5% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.5% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
INDIA | 97.2 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -14.3% | -16.8% | -8.5% | 0.9% | -1.2% | 4.6% | -- | 3.3% |
| Dividend Yield | 0.0% | 6.9% | 3.8% | 2.9% | 3.8% | 2.2% | -- | 1.6% |
| Total Returns | -14.3% | -9.9% | -4.7% | 3.8% | 2.6% | 6.8% | -- | 4.9% | Ann. Volatility | 19.1% | 14.9% | 14.1% | 13.0% | 15.1% | 19.6% | -- | 22.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.38 | 24% |
| MSCI EAFE | 0.50 | 36% |
| MSCI Emg Mkts | 0.44 | 35% |
Liquidity Measures
| Avg. volume (000) | 146 |
| ADV traded (mns) | $6 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.15% |
Technical Indicators
| 30d moving avg. (EMA) | $44.09 |
| Relative strength (RSI) | 46 |
| MACD/Signal | 0.07/-0.04 |
| Bollinger Bands (Upper/Lower) | $46.01/$41.08 |
| Short interest (% of AUM) | 0.6% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. INDY |
Expenses vs. INDY |
ALTAR Score™ vs. INDY |
|---|---|---|---|---|
| INDA | iShares MSCI India ETF | 64.5% | -24 bp | -0.6% |
| PIN | Invesco India ETF | 59.8% | -11 bp | -0.2% |
| NFTY | First Trust India NIFTY 50 Equal Weight ETF | 58.9% | -9 bp | 0.0% |
| FLIN | Franklin FTSE India ETF | 49.6% | -70 bp | -1.1% |
| EPI | WisdomTree India Earnings Fund | 44.2% | -4 bp | -0.2% |
| NDIA | Global X India Active ETF | 36.6% | -14 bp | 0.0% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 20.7% | -57 bp | +1.6% |
| RNEM | First Trust Emerging Markets Equity Select ETF | 19.9% | -14 bp | +2.9% |
| BKF | iShares MSCI BIC ETF | 19.4% | -20 bp | +9.5% |
| INCO | Columbia India Consumer ETF | 16.8% | -14 bp | -2.6% |
Risk and Returns: INDY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 5/1/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.5%
ALTAR SCORE™
16th
PERCENTILE
AVOID
ETFRC RATING
There are 203 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.7% and a standard deviation
of 2.2%. INDY's ALTAR Score™ is approximately -1.0 standard
deviations above the category average. This places INDY in the 16th percentile
among funds in the category.
Sell-Side Consensus
$54.43
PRICE TARGET
+24.5%
UPSIDE