INDEvsFLINETF Comparison
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Matthews India Active ETF (INDE) belongs to the Uncategorized Equities segment. Franklin FTSE India ETF (FLIN) is part of the EM Large & Mid Cap segment. INDE's top 3 sector exposures are Finance, Consumer Cyclicals and Consumer Services. In contrast, FLIN's top sector exposures are Finance, Industrials and Non-Energy Materials. INDE is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.19% for FLIN. INDE is down -3.1% year-to-date (YTD) with +$8M in YTD flows. FLIN performs worse with -10.84% YTD performance, and +$13M in YTD flows. Run a side-by-side ETF comparison of INDE and FLIN 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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INDE vs FLIN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | INDE FLIN | +0.42%+0.10% | +0.35%-1.88% | -3.10%-10.84% | -4.56%-11.23% | +19.14%+11.16% | n/a+7.33% |
| Flows | INDE FLIN | --$5M | --$118M | +$8M+$13M | +$8M+$406M | +$16M+$2.34B | -+$2.72B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | INDE FLIN | +14.37%+11.58% | +18.66%+14.79% | +16.96%+13.73% | n/a+14.30% |
| Max drawdown | INDE FLIN | -6.80%-9.71% | -19.70%-17.51% | -23.34%-22.95% | n/a-22.95% |
| Max drawdown duration | INDE FLIN | 46d74d | 338d330d | 753d747d | n/a747d |
Trading data
INDE | FLIN | |
Last sale 10/19/2026 at 1:30 PM | $28.85 | $33.92 |
| Previous close 10/16/2026 | $29.11 | $34.15 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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INDE
is actively managed and doesn’t replicate an indexINDE | FLIN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
INDE | FLIN | |
|---|---|---|
| Last price | $28.85 | $33.92 |
| 1D performance | -0.89% | -0.67% |
| AuM | $17.49 M | $2.56 B |
| E/R | 0.79% | 0.19% |
Characteristics
INDE | FLIN | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Matthews Asia | Franklin Templeton |
| Benchmark | - | FTSE India RIC Capped Index |
| N° of holdings | 72 | 278 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 22, 2023 | February 6, 2018 |
| ESG | No | No |
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Exposure
Countries
INDE
India
99.13%
Other
0.87%
FLIN
India
100%
Other
0%
Sectors
INDE
Finance
32.67%
Consumer Cyclical.
12.71%
Consumer Services
11.97%
Industrials
9.36%
Technology
8.46%
Healthcare
8.27%
Other
16.56%
FLIN
Finance
29.33%
Industrials
11.49%
Non-Energy Materi.
10.18%
Consumer Cyclical.
9.56%
Energy
8.21%
Technology
8%
Other
23.21%
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Diversification
INDE
Total weight of top 15 holdings out of 15
52.86%
FLIN
Total weight of top 15 holdings out of 15
35.88%
Top 15 holdings
Data as of August 31, 2026
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%
FLIN
Reliance Industries Ltd.
5.38%
HDFC Bank Ltd.
5.11%
ICICI Bank Ltd.
4.68%
Bharti Airtel Ltd.
3.56%
Infosys Ltd.
2.35%
Mahindra & Mahindra Ltd.
1.94%
Bajaj Finance Ltd.
1.83%
Axis Bank Ltd.
1.78%
Larsen & Toubro Ltd.
1.68%
Tata Consultancy Services Ltd.
1.43%
Kotak Mahindra Bank Ltd.
1.41%
Sun Pharmaceutical Industries Ltd.
1.25%
State Bank of India
1.20%
Titan Co. Ltd.
1.16%
Hindustan Unilever Ltd.
1.12%
Frequently asked questions about INDE and FLIN
How have the INDE and FLIN ETFs performed in 2026?
As of October 16, 2026, INDE is down -3.1% year-to-date (YTD), while FLIN has lost -10.84%. That puts INDE better performer ahead so far this year.
Which ETF is attracting more investor money: INDE or FLIN?
Year-to-date, the INDE ETF saw +$8M in flows, compared to +$13M for FLIN.
Which ETF is more volatile: INDE or FLIN?
Over the past year, INDE had a volatility of 18.66%, while FLIN experienced 14.79%.
Which ETF is bigger: INDE or FLIN?
As of October 16, 2026, INDE holds $17.49 M in assets under management (AUM), while FLIN manages $2.56 B.
What sectors do the INDE and FLIN ETFs invest in?
INDE leans toward sectors like Finance, Consumer Cyclicals and Consumer Services. Meanwhile, FLIN focuses on Finance, Industrials and Non-Energy Materials.
What are the top holdings of the INDE ETF and FLIN ETF?
INDE top holdings include Eternal Ltd., ICICI Bank Ltd. and HDFC Bank Ltd.. FLIN holds in its top three: Reliance Industries Ltd., HDFC Bank Ltd. and ICICI Bank Ltd..
Which ETF is more diversified: INDE or FLIN?
INDE holds 72 securities with 52.86% of its assets in the top 15. FLIN has 278 securities and a top 15 weight of 35.88%.
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Latest news about INDE & FLIN
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