INDEvsINQQETF Comparison
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Matthews India Active ETF (INDE) belongs to the Uncategorized Equities segment. The India Internet & Ecommerce ETF (INQQ) is part of the EM Awakening segment. INDE's top 3 sector exposures are Finance, Consumer Cyclicals and Consumer Services. In contrast, INQQ's top sector exposures are Finance, Consumer Services and Technology. INDE is less expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.86% for INQQ. INDE is down -3.1% year-to-date (YTD) with +$8M in YTD flows. INQQ performs worse with -10.57% YTD performance, and -$10M in YTD flows. Run a side-by-side ETF comparison of INDE and INQQ 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 INQQ 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 INQQ | +0.42%-2.65% | +0.35%+0.08% | -3.10%-10.57% | -4.56%-16.91% | +19.14%+9.26% | n/an/a |
| Flows | INDE INQQ | --$3M | --$6M | +$8M-$10M | +$8M-$13M | +$16M+$33M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | INDE INQQ | +14.37%+17.30% | +18.66%+19.22% | +16.96%+17.83% | n/an/a |
| Max drawdown | INDE INQQ | -6.80%-10.02% | -19.70%-29.49% | -23.34%-32.20% | n/an/a |
| Max drawdown duration | INDE INQQ | 46d51d | 338d364d | 753d668d | n/an/a |
Trading data
INDE | INQQ | |
Last sale 10/19/2026 at 1:30 PM | $28.85 | $12.96 |
| Previous close 10/16/2026 | $29.11 | $13.15 |
| 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 | INQQ | |
|---|---|---|
| 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 | INQQ | |
|---|---|---|
| Last price | $28.85 | $12.96 |
| 1D performance | -0.89% | -1.44% |
| AuM | $17.49 M | $39.21 M |
| E/R | 0.79% | 0.86% |
Characteristics
INDE | INQQ | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Matthews Asia | Exchange Traded Concepts |
| Benchmark | - | INQQ The India Internet & Ecommerce Index |
| N° of holdings | 72 | 26 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 22, 2023 | April 6, 2022 |
| ESG | No | No |
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Exposure
Countries
INDE
India
99.13%
Other
0.87%
INQQ
India
101.68%
Other
-1.68%
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%
INQQ
Finance
30.36%
Consumer Services
25.43%
Technology
15.78%
Consumer Non-Cycl.
12.34%
Consumer Cyclical.
9.58%
Other
6.51%
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Diversification
INDE
Total weight of top 15 holdings out of 15
52.86%
INQQ
Total weight of top 15 holdings out of 15
82.39%
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%
INQQ
Eternal Ltd.
8.03%
Bajaj Finance Ltd.
7.65%
Reliance Industries Ltd.
6.77%
One 97 Communications Ltd.
6.05%
PB Fintech Ltd.
5.79%
Jio Financial Services Ltd.
5.75%
Lenskart Solutions Ltd.
5.54%
Swiggy Ltd.
5.27%
FSN E-Commerce Ventures Ltd.
5.25%
Info Edge India Ltd.
5.20%
MakeMyTrip Ltd.
4.92%
Jubilant FoodWorks Ltd.
4.57%
Meesho Ltd.
4.42%
Billionbrains Garage Ventures Ltd.
4.10%
Angel One Ltd.
3.07%
Frequently asked questions about INDE and INQQ
How have the INDE and INQQ ETFs performed in 2026?
As of October 16, 2026, INDE is down -3.1% year-to-date (YTD), while INQQ has lost -10.57%. That puts INDE better performer ahead so far this year.
Which ETF is attracting more investor money: INDE or INQQ?
Year-to-date, the INDE ETF saw +$8M in flows, compared to -$10M for INQQ.
Which ETF is more volatile: INDE or INQQ?
Over the past year, INDE had a volatility of 18.66%, while INQQ experienced 19.22%.
Which ETF is bigger: INDE or INQQ?
As of October 16, 2026, INDE holds $17.49 M in assets under management (AUM), while INQQ manages $39.21 M.
What sectors do the INDE and INQQ ETFs invest in?
INDE leans toward sectors like Finance, Consumer Cyclicals and Consumer Services. Meanwhile, INQQ focuses on Finance, Consumer Services and Technology.
What are the top holdings of the INDE ETF and INQQ ETF?
INDE top holdings include Eternal Ltd., ICICI Bank Ltd. and HDFC Bank Ltd.. INQQ holds in its top three: Eternal Ltd., Bajaj Finance Ltd. and Reliance Industries Ltd..
Which ETF is more diversified: INDE or INQQ?
INDE holds 72 securities with 52.86% of its assets in the top 15. INQQ has 26 securities and a top 15 weight of 82.39%.
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Latest news about INDE & INQQ
Ask the Manager: Kevin Carter on Why India is the "Perfect Emerging Market"
February 13, 2025
INQQ
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