FMQQvsINCOETF Comparison
VS
The Next Frontier Internet & Ecommerce ETF (FMQQ) and Columbia India Consumer ETF (INCO) belong to the same industry segment: EM Awakening. FMQQ's top 3 sector exposures are Finance, Consumer Non-Cyclicals and Consumer Services. In contrast, INCO's top sector exposures are Consumer Cyclicals, Consumer Non-Cyclicals and Consumer Services. FMQQ is more expensive with a Total Expense Ratio (TER) of 0.86%, versus 0.76% for INCO. FMQQ is down -13.96% year-to-date (YTD) with -$7M in YTD flows. INCO performs better with -6.68% YTD performance, and -$54M in YTD flows. Run a side-by-side ETF comparison of FMQQ and INCO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
FMQQ vs INCO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMQQ INCO | -3.88%+5.61% | -7.25%-3.05% | -13.96%-6.68% | -19.10%-6.77% | +15.98%+19.67% | -51.75%+28.40% |
| Flows | FMQQ INCO | -$3M-$3M | -$4M-$15M | -$7M-$54M | -$10M-$57M | -$5M+$94M | +$16M+$126M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMQQ INCO | +22.70%+14.87% | +19.42%+18.67% | +16.69%+16.58% | +22.07%+16.92% |
| Max drawdown | FMQQ INCO | -14.88%-11.23% | -26.22%-19.06% | -30.52%-29.63% | -63.74%-29.63% |
| Max drawdown duration | FMQQ INCO | 71d86d | 364d352d | 412d769d | 1815d769d |
Trading data
FMQQ | INCO | |
Last sale 11/5/2026 at 6:40 PM | $11.74 | $61.98 |
| Previous close 11/04/2026 | $11.94 | $61.26 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
FMQQ | INCO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 11/5/2026 at 6:40 PM
Live
Closed
FMQQ | INCO | |
|---|---|---|
| Last price | $11.74 | $61.98 |
| 1D performance | -1.67% | +1.18% |
| AuM | $16.07 M | $212.60 M |
| E/R | 0.86% | 0.76% |
Characteristics
FMQQ | INCO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Exchange Traded Concepts | Columbia Threadneedle Investments |
| Benchmark | FMQQ The Next Frontier Internet & Ecommerce Index | Indxx India Consumer Index |
| N° of holdings | 36 | 31 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 27, 2021 | August 10, 2011 |
| ESG | No | No |
Advertisement
Exposure
Countries
FMQQ
India
46.61%
Brazil
13.01%
Singapore
11.31%
Uruguay
8.08%
Other
21%
INCO
India
99.94%
Other
0.06%
Sectors
FMQQ
Finance
34.91%
Consumer Non-Cycl.
28.12%
Consumer Services
17.11%
Technology
9.57%
Energy
7.02%
Other
3.27%
INCO
Consumer Cyclical.
50.07%
Consumer Non-Cycl.
35.52%
Consumer Services
12.03%
Other
2.38%
Diversification
FMQQ
Total weight of top 15 holdings out of 15
74.76%
INCO
Total weight of top 15 holdings out of 15
66.92%
Top 15 holdings
Data as of September 30, 2026
FMQQ
MercadoLibre, Inc.
7.53%
Sea Ltd. (Singapore)
7.41%
Reliance Industries Ltd.
7.02%
Bajaj Finance Ltd.
6.19%
Nu Holdings Ltd.
6.17%
Allegro.eu SA
5.93%
Eternal Ltd.
5.61%
XP, Inc.
4.74%
Kaspi.kz JSC
4.61%
Jio Financial Services Ltd.
3.94%
Grab Holdings Ltd. (Singapore)
3.89%
One 97 Communications Ltd.
3.18%
Lenskart Solutions Ltd.
3.06%
NAVER Corp.
2.92%
Coupang, Inc.
2.56%
INCO
Eternal Ltd.
6.96%
Titan Co. Ltd.
5.21%
Nestlé India Ltd.
5.20%
Bajaj Auto Ltd.
4.98%
TVS Motor Co. Ltd.
4.96%
Trent Ltd.
4.64%
Eicher Motors Ltd.
4.50%
Hindustan Unilever Ltd.
4.20%
Mahindra & Mahindra Ltd.
4.18%
ITC Ltd.
4.17%
Maruti Suzuki India Ltd.
4.02%
Samvardhana Motherson International Ltd.
3.74%
Hero MotoCorp Ltd.
3.47%
Tata Consumer Products Ltd.
3.35%
Indian Hotels Co. Ltd.
3.34%
Frequently asked questions about FMQQ and INCO
How have the FMQQ and INCO ETFs performed in 2026?
As of November 4, 2026, FMQQ is down -13.96% year-to-date (YTD), while INCO has lost -6.68%. That puts INCO better performer ahead so far this year.
Which ETF is attracting more investor money: FMQQ or INCO?
Year-to-date, the FMQQ ETF saw -$7M in flows, compared to -$54M for INCO.
Which ETF is more volatile: FMQQ or INCO?
Over the past year, FMQQ had a volatility of 19.42%, while INCO experienced 18.67%.
Which ETF is bigger: FMQQ or INCO?
As of November 4, 2026, FMQQ holds $16.07 M in assets under management (AUM), while INCO manages $212.60 M.
What sectors do the FMQQ and INCO ETFs invest in?
FMQQ leans toward sectors like Finance, Consumer Non-Cyclicals and Consumer Services. Meanwhile, INCO focuses on Consumer Cyclicals, Consumer Non-Cyclicals and Consumer Services.
What are the top holdings of the FMQQ ETF and INCO ETF?
FMQQ top holdings include MercadoLibre, Inc., Sea Ltd. (Singapore) and Reliance Industries Ltd.. INCO holds in its top three: Eternal Ltd., Titan Co. Ltd. and Nestlé India Ltd..
Which ETF is more diversified: FMQQ or INCO?
FMQQ holds 36 securities with 74.76% of its assets in the top 15. INCO has 31 securities and a top 15 weight of 66.92%.
Advertisement
Latest news about FMQQ & INCO
Unlocking India's Potential: A Deep Dive into the Nation's Economic and Digital Growth
June 26, 2024
FMQQ
There's an ETF for that? The Top 3 ETFs for Investing in India
March 26, 2024
INCO
Advertisement
Advertisement
