INDEvsGINDETF Comparison
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Matthews India Active ETF (INDE) and Goldman Sachs India Equity ETF (GIND) belong to the same industry segment: Uncategorized Equities. INDE's top 3 sector exposures are Finance, Consumer Cyclicals and Consumer Services. In contrast, GIND's top sector exposures are Finance, Industrials and Consumer Cyclicals. INDE is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.75% for GIND. INDE is down -3.1% year-to-date (YTD) with +$8M in YTD flows. GIND performs worse with -7.53% YTD performance, and +$40M in YTD flows. Run a side-by-side ETF comparison of INDE and GIND 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 GIND 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 GIND | +0.42%-0.23% | +0.35%+0.14% | -3.10%-7.53% | -4.56%-9.59% | +19.14%n/a | n/an/a |
| Flows | INDE GIND | -- | --$2M | +$8M+$40M | +$8M+$112M | +$16M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | INDE GIND | +14.37%+13.91% | +18.66%+17.08% | +16.96%n/a | n/an/a |
| Max drawdown | INDE GIND | -6.80%-8.41% | -19.70%-21.13% | -23.34%n/a | n/an/a |
| Max drawdown duration | INDE GIND | 46d46d | 338d352d | 753dn/a | n/an/a |
Trading data
INDE | GIND | |
Last sale 10/19/2026 at 1:30 PM | $28.85 | $23.71 |
| Previous close 10/16/2026 | $29.11 | $23.96 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
INDE | GIND | |
|---|---|---|
| Last price | $28.85 | $23.71 |
| 1D performance | -0.89% | -1.01% |
| AuM | $17.49 M | $160.93 M |
| E/R | 0.79% | 0.75% |
Characteristics
INDE | GIND | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Matthews Asia | Goldman Sachs |
| Benchmark | - | - |
| N° of holdings | 72 | 126 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 22, 2023 | April 2, 2025 |
| ESG | No | No |
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Exposure
Countries
INDE
India
99.13%
Other
0.87%
GIND
India
95.51%
Other
4.49%
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%
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%
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Diversification
INDE
Total weight of top 15 holdings out of 15
52.86%
GIND
Total weight of top 15 holdings out of 15
34.22%
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%
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%
Frequently asked questions about INDE and GIND
How have the INDE and GIND ETFs performed in 2026?
As of October 16, 2026, INDE is down -3.1% year-to-date (YTD), while GIND has lost -7.53%. That puts INDE better performer ahead so far this year.
Which ETF is attracting more investor money: INDE or GIND?
Year-to-date, the INDE ETF saw +$8M in flows, compared to +$40M for GIND.
Which ETF is more volatile: INDE or GIND?
Over the past year, INDE had a volatility of 18.66%, while GIND experienced 17.08%.
Which ETF is bigger: INDE or GIND?
As of October 16, 2026, INDE holds $17.49 M in assets under management (AUM), while GIND manages $160.93 M.
What sectors do the INDE and GIND ETFs invest in?
INDE leans toward sectors like Finance, Consumer Cyclicals and Consumer Services. Meanwhile, GIND focuses on Finance, Industrials and Consumer Cyclicals.
What are the top holdings of the INDE ETF and GIND ETF?
INDE top holdings include Eternal Ltd., ICICI Bank Ltd. and HDFC Bank Ltd.. GIND holds in its top three: ICICI Bank Ltd., HDFC Bank Ltd. and Reliance Industries Ltd..
Which ETF is more diversified: INDE or GIND?
INDE holds 72 securities with 52.86% of its assets in the top 15. GIND has 128 securities and a top 15 weight of 34.22%.
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