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 -3.72% year-to-date (YTD) with +$42M in YTD flows. INDE performs better with -0.03% 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 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GIND INDE | +0.28%+0.62% | +7.97%+10.27% | -3.72%-0.03% | -3.36%+3.53% | n/an/a | n/an/a |
| Flows | GIND INDE | -- | +$3M+$4M | +$42M+$8M | +$165M+$8M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GIND INDE | +13.77%+14.72% | +16.46%+18.18% | n/an/a | n/an/a |
| Max drawdown | GIND INDE | -2.81%-3.51% | -21.13%-19.70% | n/an/a | n/an/a |
| Max drawdown duration | GIND INDE | 16d24d | 307d293d | n/an/a | n/an/a |
Trading data
GIND | INDE | |
Last sale 9/2/2026 at 1:30 PM | $25.14 | $30.03 |
| Previous close 09/01/2026 | $25.03 | $30.12 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
GIND | INDE | |
|---|---|---|
| Last price | $25.14 | $30.03 |
| 1D performance | +0.41% | -0.28% |
| AuM | $170.66 M | $18.05 M |
| E/R | 0.75% | 0.79% |
Characteristics
GIND | INDE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Goldman Sachs | Matthews Asia |
| Benchmark | - | - |
| N° of holdings | 123 | 67 |
| 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
97.4%
Other
2.6%
INDE
India
97.32%
Other
2.68%
Sectors
GIND
Finance
31.55%
Industrials
12.9%
Consumer Cyclical.
12.81%
Non-Energy Materi.
8.9%
Healthcare
8.75%
Technology
8.7%
Other
16.4%
INDE
Finance
34.09%
Consumer Cyclical.
12.95%
Consumer Services
11.51%
Technology
7.87%
Consumer Non-Cycl.
7.8%
Healthcare
7.53%
Other
18.25%
Diversification
GIND
Total weight of top 15 holdings out of 15
36.14%
INDE
Total weight of top 15 holdings out of 15
53.62%
Top 15 holdings
Data as of July 31, 2026
GIND
ICICI Bank Ltd.
5.88%
HDFC Bank Ltd.
3.41%
Reliance Industries Ltd.
2.98%
Mahindra & Mahindra Ltd.
2.68%
Axis Bank Ltd.
2.32%
Bajaj Finance Ltd.
2.26%
Infosys Ltd.
2.07%
Sun Pharmaceutical Industries Ltd.
2.06%
Kotak Mahindra Bank Ltd.
1.96%
Bharti Airtel Ltd.
1.92%
Tata Steel Ltd.
1.88%
Eternal Ltd.
1.86%
State Bank of India
1.72%
Nestlé India Ltd.
1.59%
Apollo Hospitals Enterprise Ltd.
1.55%
INDE
Eternal Ltd.
8.24%
HDFC Bank Ltd.
6.36%
ICICI Bank Ltd.
6.08%
Bajaj Finance Ltd.
4.10%
Neuland Laboratories Ltd.
3.81%
Shriram Finance Ltd.
3.36%
Bharti Airtel Ltd.
3.25%
Reliance Industries Ltd.
2.96%
Thangamayil Jewellery Ltd.
2.76%
Axis Bank Ltd.
2.40%
Marico Ltd.
2.26%
Swiggy Ltd.
2.07%
Mahindra & Mahindra Ltd.
2.00%
Ather Energy Ltd.
1.99%
Kotak Mahindra Bank Ltd.
1.98%
Frequently asked questions about GIND and INDE
How have the GIND and INDE ETFs performed in 2026?
As of September 1, 2026, GIND is down -3.72% year-to-date (YTD), while INDE has lost -0.03%. 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 +$42M in flows, compared to +$8M for INDE.
Which ETF is more volatile: GIND or INDE?
Over the past year, GIND had a volatility of 16.46%, while INDE experienced 18.18%.
Which ETF is bigger: GIND or INDE?
As of September 1, 2026, GIND holds $170.66 M in assets under management (AUM), while INDE manages $18.05 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., HDFC Bank Ltd. and ICICI Bank Ltd..
Which ETF is more diversified: GIND or INDE?
GIND holds 127 securities with 36.14% of its assets in the top 15. INDE has 69 securities and a top 15 weight of 53.62%.
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