GINDvsINDEETF Comparison
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Goldman Sachs India Equity ETF (GIND) and Matthews India Active ETF (INDE) belong to the same industry segment: Uncategorized Equities. GIND's top 3 sector exposures are Finance, Industrials and Consumer Cyclicals. In contrast, INDE's top sector exposures are Finance, Consumer Cyclicals and Consumer Services. GIND is less expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.79% for INDE. GIND is down -7.53% year-to-date (YTD) with +$40M in YTD flows. INDE performs better with -3.1% YTD performance, and +$8M in YTD flows. Run a side-by-side ETF comparison of GIND and INDE below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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GIND vs INDE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GIND INDE | -0.23%+0.42% | +0.14%+0.35% | -7.53%-3.10% | -9.59%-4.56% | n/a+19.14% | n/an/a |
| Flows | GIND INDE | -- | -$2M- | +$40M+$8M | +$112M+$8M | -+$16M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GIND INDE | +13.91%+14.37% | +17.08%+18.66% | n/a+16.96% | n/an/a |
| Max drawdown | GIND INDE | -8.41%-6.80% | -21.13%-19.70% | n/a-23.34% | n/an/a |
| Max drawdown duration | GIND INDE | 46d46d | 352d338d | n/a753d | n/an/a |
Trading data
GIND | INDE | |
Last sale 10/16/2026 at 1:30 PM | $23.96 | $29.11 |
| Previous close 10/15/2026 | $24.13 | $29.07 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
GIND | INDE | |
|---|---|---|
| Last price | $23.96 | $29.11 |
| 1D performance | -0.70% | +0.13% |
| AuM | $160.93 M | $17.49 M |
| E/R | 0.75% | 0.79% |
Characteristics
GIND | INDE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Goldman Sachs | Matthews Asia |
| Benchmark | - | - |
| N° of holdings | 126 | 72 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 2, 2025 | September 22, 2023 |
| ESG | No | No |
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Exposure
Countries
GIND
India
95.51%
Other
4.49%
INDE
India
99.13%
Other
0.87%
Sectors
GIND
Finance
31.05%
Industrials
12.14%
Consumer Cyclical.
12.01%
Healthcare
9.44%
Non-Energy Materi.
9.1%
Technology
8.37%
Other
17.88%
INDE
Finance
32.67%
Consumer Cyclical.
12.71%
Consumer Services
11.97%
Industrials
9.36%
Technology
8.46%
Healthcare
8.27%
Other
16.56%
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Diversification
GIND
Total weight of top 15 holdings out of 15
34.22%
INDE
Total weight of top 15 holdings out of 15
52.86%
Top 15 holdings
Data as of August 31, 2026
GIND
ICICI Bank Ltd.
5.49%
HDFC Bank Ltd.
3.15%
Reliance Industries Ltd.
2.84%
Mahindra & Mahindra Ltd.
2.53%
Axis Bank Ltd.
2.39%
Kotak Mahindra Bank Ltd.
2.06%
Bajaj Finance Ltd.
2.05%
Sun Pharmaceutical Industries Ltd.
1.91%
Eternal Ltd.
1.88%
Goldman Sachs Financial Square Treasury Obligations Fund
1.78%
State Bank of India
1.73%
Divi's Laboratories Ltd.
1.69%
Coforge Ltd.
1.64%
Infosys Ltd.
1.59%
Apollo Hospitals Enterprise Ltd.
1.50%
INDE
Eternal Ltd.
8.73%
ICICI Bank Ltd.
6.01%
HDFC Bank Ltd.
5.89%
Neuland Laboratories Ltd.
4.49%
Bajaj Finance Ltd.
3.70%
Shriram Finance Ltd.
2.99%
Bharti Airtel Ltd.
2.91%
Ather Energy Ltd.
2.82%
Axis Bank Ltd.
2.48%
Reliance Industries Ltd.
2.42%
Swiggy Ltd.
2.27%
Mahindra & Mahindra Ltd.
2.09%
Kotak Mahindra Bank Ltd.
2.08%
Marico Ltd.
2.08%
Star Health & Allied Insurance Co. Ltd.
1.90%
Frequently asked questions about GIND and INDE
How have the GIND and INDE ETFs performed in 2026?
As of October 16, 2026, GIND is down -7.53% year-to-date (YTD), while INDE has lost -3.1%. That puts INDE better performer ahead so far this year.
Which ETF is attracting more investor money: GIND or INDE?
Year-to-date, the GIND ETF saw +$40M in flows, compared to +$8M for INDE.
Which ETF is more volatile: GIND or INDE?
Over the past year, GIND had a volatility of 17.08%, while INDE experienced 18.66%.
Which ETF is bigger: GIND or INDE?
As of October 16, 2026, GIND holds $160.93 M in assets under management (AUM), while INDE manages $17.49 M.
What sectors do the GIND and INDE ETFs invest in?
GIND leans toward sectors like Finance, Industrials and Consumer Cyclicals. Meanwhile, INDE focuses on Finance, Consumer Cyclicals and Consumer Services.
What are the top holdings of the GIND ETF and INDE ETF?
GIND top holdings include ICICI Bank Ltd., HDFC Bank Ltd. and Reliance Industries Ltd.. INDE holds in its top three: Eternal Ltd., ICICI Bank Ltd. and HDFC Bank Ltd..
Which ETF is more diversified: GIND or INDE?
GIND holds 128 securities with 34.22% of its assets in the top 15. INDE has 72 securities and a top 15 weight of 52.86%.
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