INDEvsGLINETF Comparison
VS
Matthews India Active ETF (INDE) belongs to the Uncategorized Equities segment. VanEck India Growth Leaders ETF (GLIN) is part of the EM Blended Cap segment. INDE's top 3 sector exposures are Finance, Consumer Cyclicals and Consumer Services. In contrast, GLIN's top sector exposures are Finance, Industrials and Consumer Cyclicals. INDE is less expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.8% for GLIN. INDE is down -3.1% year-to-date (YTD) with +$8M in YTD flows. GLIN performs better with -2.42% YTD performance, and -$21M in YTD flows. Run a side-by-side ETF comparison of INDE and GLIN 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 GLIN 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 GLIN | +0.42%+2.34% | +0.35%-0.00% | -3.10%-2.42% | -4.56%-1.85% | +19.14%+21.66% | n/a+9.64% |
| Flows | INDE GLIN | --$4M | --$9M | +$8M-$21M | +$8M-$26M | +$16M+$19M | -+$18M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | INDE GLIN | +14.37%+14.06% | +18.66%+17.30% | +16.96%+17.18% | n/a+16.94% |
| Max drawdown | INDE GLIN | -6.80%-8.96% | -19.70%-17.02% | -23.34%-26.28% | n/a-30.19% |
| Max drawdown duration | INDE GLIN | 46d65d | 338d239d | 753d747d | n/a787d |
Trading data
INDE | GLIN | |
Last sale 10/19/2026 at 1:30 PM | $28.85 | $44.45 |
| Previous close 10/16/2026 | $29.11 | $44.89 |
| 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 | GLIN | |
|---|---|---|
| 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 | GLIN | |
|---|---|---|
| Last price | $28.85 | $44.45 |
| 1D performance | -0.89% | -0.98% |
| AuM | $17.49 M | $86.91 M |
| E/R | 0.79% | 0.8% |
Characteristics
INDE | GLIN | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Matthews Asia | VanEck |
| Benchmark | - | MarketGrader India All-Cap Growth Leaders Index |
| N° of holdings | 72 | 80 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 22, 2023 | August 24, 2010 |
| ESG | No | No |
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Exposure
Countries
INDE
India
99.13%
Other
0.87%
GLIN
India
99.01%
Other
0.99%
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%
GLIN
Finance
34.85%
Industrials
23.94%
Consumer Cyclical.
15.05%
Healthcare
9.54%
Non-Energy Materi.
7.72%
Other
8.91%
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Diversification
INDE
Total weight of top 15 holdings out of 15
52.86%
GLIN
Total weight of top 15 holdings out of 15
58.78%
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%
GLIN
BSE Ltd.
5.44%
Eicher Motors Ltd.
4.89%
Hindustan Aeronautics Ltd.
4.83%
Trent Ltd.
4.70%
Bharti Airtel Ltd.
4.65%
State Bank of India
4.31%
Bharat Electronics Ltd.
4.07%
Hero MotoCorp Ltd.
3.80%
Polycab India Ltd.
3.79%
Multi Commodity Exchange of India Ltd.
3.75%
IDBI Bank Ltd.
3.24%
HDFC Asset Management Co. Ltd.
2.90%
Suzlon Energy Ltd.
2.82%
GE Vernova T&D India Ltd.
2.80%
Lupin Ltd.
2.78%
Frequently asked questions about INDE and GLIN
How have the INDE and GLIN ETFs performed in 2026?
As of October 16, 2026, INDE is down -3.1% year-to-date (YTD), while GLIN has lost -2.42%. That puts GLIN better performer ahead so far this year.
Which ETF is attracting more investor money: INDE or GLIN?
Year-to-date, the INDE ETF saw +$8M in flows, compared to -$21M for GLIN.
Which ETF is more volatile: INDE or GLIN?
Over the past year, INDE had a volatility of 18.66%, while GLIN experienced 17.3%.
Which ETF is bigger: INDE or GLIN?
As of October 16, 2026, INDE holds $17.49 M in assets under management (AUM), while GLIN manages $86.91 M.
What sectors do the INDE and GLIN ETFs invest in?
INDE leans toward sectors like Finance, Consumer Cyclicals and Consumer Services. Meanwhile, GLIN focuses on Finance, Industrials and Consumer Cyclicals.
What are the top holdings of the INDE ETF and GLIN ETF?
INDE top holdings include Eternal Ltd., ICICI Bank Ltd. and HDFC Bank Ltd.. GLIN holds in its top three: BSE Ltd., Eicher Motors Ltd. and Hindustan Aeronautics Ltd..
Which ETF is more diversified: INDE or GLIN?
INDE holds 72 securities with 52.86% of its assets in the top 15. GLIN has 80 securities and a top 15 weight of 58.78%.
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Latest news about INDE & GLIN
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