INDEvsIOPPETF Comparison
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Matthews India Active ETF (INDE) and Simplify Tara India Opportunities ETF (IOPP) belong to the same industry segment: Uncategorized Equities. INDE's top 3 sector exposures are Finance, Consumer Cyclicals and Consumer Services. In contrast, IOPP's top sector exposures are Consumer Cyclicals, Finance and Industrials. INDE is less expensive with a Total Expense Ratio (TER) of 0.79%, versus 1.03% for IOPP. INDE is down -3.1% year-to-date (YTD) with +$8M in YTD flows. IOPP performs worse with -5.38% YTD performance, and -$1M in YTD flows. Run a side-by-side ETF comparison of INDE and IOPP 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 IOPP 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 IOPP | +0.42%-1.74% | +0.35%-1.32% | -3.10%-5.38% | -4.56%-8.12% | +19.14%n/a | n/an/a |
| Flows | INDE IOPP | -- | -- | +$8M-$1M | +$8M-$1M | +$16M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | INDE IOPP | +14.37%+14.10% | +18.66%+17.02% | +16.96%n/a | n/an/a |
| Max drawdown | INDE IOPP | -6.80%-10.50% | -19.70%-17.75% | -23.34%n/a | n/an/a |
| Max drawdown duration | INDE IOPP | 46d52d | 338d361d | 753dn/a | n/an/a |
Trading data
INDE | IOPP | |
Last sale 10/19/2026 at 1:30 PM | $28.85 | $25.15 |
| Previous close 10/16/2026 | $29.11 | $25.37 |
| 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 | IOPP | |
|---|---|---|
| Last price | $28.85 | $25.15 |
| 1D performance | -0.89% | -0.89% |
| AuM | $17.49 M | $7.02 M |
| E/R | 0.79% | 1.03% |
Characteristics
INDE | IOPP | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Matthews Asia | Simplify |
| Benchmark | - | - |
| N° of holdings | 72 | 27 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 22, 2023 | March 4, 2024 |
| ESG | No | No |
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Exposure
Countries
INDE
India
99.13%
Other
0.87%
IOPP
India
99.3%
Other
0.7%
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%
IOPP
Consumer Cyclical.
21.86%
Finance
16.23%
Industrials
15.24%
Consumer Services
12.29%
Consumer Non-Cycl.
10.9%
Healthcare
8.66%
Other
14.82%
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Diversification
INDE
Total weight of top 15 holdings out of 15
52.86%
IOPP
Total weight of top 15 holdings out of 15
69.93%
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%
IOPP
Eternal Ltd.
7.18%
Titan Co. Ltd.
5.15%
ICICI Bank Ltd.
5.14%
Indian Hotels Co. Ltd.
5.11%
Apollo Hospitals Enterprise Ltd.
4.65%
UNO Minda Ltd.
4.60%
Bajaj Auto Ltd.
4.52%
Marico Ltd.
4.45%
Bharti Airtel Ltd.
4.43%
Avenue Supermarts Ltd.
4.42%
AU Small Finance Bank Ltd.
4.40%
Info Edge India Ltd.
4.12%
Shriram Finance Ltd.
4.10%
Torrent Pharmaceuticals Ltd.
4.01%
Mahindra & Mahindra Ltd.
3.65%
Frequently asked questions about INDE and IOPP
How have the INDE and IOPP ETFs performed in 2026?
As of October 16, 2026, INDE is down -3.1% year-to-date (YTD), while IOPP has lost -5.38%. That puts INDE better performer ahead so far this year.
Which ETF is attracting more investor money: INDE or IOPP?
Year-to-date, the INDE ETF saw +$8M in flows, compared to -$1M for IOPP.
Which ETF is more volatile: INDE or IOPP?
Over the past year, INDE had a volatility of 18.66%, while IOPP experienced 17.02%.
Which ETF is bigger: INDE or IOPP?
As of October 16, 2026, INDE holds $17.49 M in assets under management (AUM), while IOPP manages $7.02 M.
What sectors do the INDE and IOPP ETFs invest in?
INDE leans toward sectors like Finance, Consumer Cyclicals and Consumer Services. Meanwhile, IOPP focuses on Consumer Cyclicals, Finance and Industrials.
What are the top holdings of the INDE ETF and IOPP ETF?
INDE top holdings include Eternal Ltd., ICICI Bank Ltd. and HDFC Bank Ltd.. IOPP holds in its top three: Eternal Ltd., Titan Co. Ltd. and ICICI Bank Ltd..
Which ETF is more diversified: INDE or IOPP?
INDE holds 72 securities with 52.86% of its assets in the top 15. IOPP has 27 securities and a top 15 weight of 69.93%.
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