INQQ
India Internet & Ecommerce ETF
INQQ tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 69.6 M
ASSETS UNDER MGMT
86 bp
EXPENSES
Fund Basics
| Inception date | Apr 06, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| RELIANCE INDS-SPONS GDR 144A | 26.0 % |
| BAJAJ FINANCE LTD | 7.3 % |
| ZOMATO LTD. | 6.6 % |
| JIO FINANCIAL SERVICES LTD | 6.3 % |
| PB FINTECH LIMITED | 5.9 % |
| MAKEMYTRIP LTD | 5.8 % |
| BILLIONBRAINS GARAGE VENTURES LTD | 5.7 % |
| LENSKART SOLUTIONS LTD | 5.2 % |
| SWIGGY LTD | 4.8 % |
| INFO EDGE (INDIA) LTD | 4.6 % |
Constituent Breakdown
| Number of holdings | 32 |
| Herfindahl-Hirschman Index | 1,102 |
| Wgt avg mkt cap (mns) | $199,772 |
| Large cap (>$10bn) | 32.6% |
| Mid cap ($2-10bn) | 23.1% |
| Small cap (<$2bn) | 5.2% |
| Developed mkts. | 1.1% |
| Emerging mkts. | 58.2% |
Sector Breakdown
Country Exposure
 |
INDIA | 62.7 % |
 |
SWEDEN | 1.1 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -11.3% | -4.7% | -4.0% | 9.0% | -- | -- | -- | -5.1% |
| Dividend Yield | 0.0% | 2.1% | 1.6% | 1.2% | -- | -- | -- | 0.8% |
| Total Returns | -11.3% | -2.6% | -2.4% | 10.2% | -- | -- | -- | -4.3% | Ann. Volatility | 16.6% | 19.9% | 19.1% | 18.3% | -- | -- | -- | 19.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.51 | 25% |
| MSCI EAFE | 0.62 | 26% |
| MSCI Emg Mkts | 0.56 | 26% |
Liquidity Measures
| Avg. volume (000) | 24 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.82% |
Technical Indicators
| 30d moving avg. (EMA) | $12.81 |
| Relative strength (RSI) | 25 |
| MACD/Signal | -0.47/-0.44 |
| Bollinger Bands (Upper/Lower) | $13.70/$11.48 |
| Short interest (% of AUM) | 2.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. INQQ |
Expenses vs. INQQ |
ALTAR Score™ vs. INQQ |
|---|---|---|---|---|
| FMQQ | FMQQ The Next Frontier Internet & Ecommerce ETF | 41.6% | 0 bp | +0.1% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 30.6% | 0 bp | +13.6% |
| EPI | WisdomTree India Earnings Fund | 25.0% | -1 bp | +4.4% |
| FLIN | Franklin FTSE India ETF | 22.1% | -67 bp | +3.4% |
| DGIN | VanEck Digital India ETF | 17.2% | -15 bp | +1.4% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 13.5% | -54 bp | +6.2% |
Risk and Returns: INQQ 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 3/23/2026
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
1.2%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 191 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.2% and a standard deviation
of 2.4%. INQQ's ALTAR Score™ is approximately -2.9 standard
deviations above the category average. This places INQQ in the 1st percentile
among funds in the category.
Sell-Side Consensus
$19.1
PRICE TARGET
+62.6%
UPSIDE
Bid/Ask Spreads
82 bp
AVG SPREAD
26 —
195 bp
RANGE