INDZvsINDEETF Comparison
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VanEck India Select ETF (INDZ) and Matthews India Active ETF (INDE) belong to the same industry segment: Uncategorized Equities. INDZ's top 3 sector exposures are Finance, Industrials and Non-Energy Materials. In contrast, INDE's top sector exposures are Finance, Consumer Cyclicals and Consumer Services. INDZ is less expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.79% for INDE. Run a side-by-side ETF comparison of INDZ and INDE 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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INDZ vs INDE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | INDZ INDE | -1.97%-1.35% | +5.47%+8.92% | n/a-1.71% | n/a-0.80% | n/an/a | n/an/a |
| Flows | INDZ INDE | +$3M- | +$3M+$4M | -+$8M | -+$8M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | INDZ INDE | +12.39%+13.67% | n/a+18.13% | n/an/a | n/an/a |
| Max drawdown | INDZ INDE | -3.97%-3.51% | n/a-19.70% | n/an/a | n/an/a |
| Max drawdown duration | INDZ INDE | 39d24d | n/a303d | n/an/a | n/an/a |
Trading data
INDZ | INDE | |
Last sale 9/11/2026 at 1:30 PM | $25.10 | $29.77 |
| Previous close 09/10/2026 | $24.87 | $29.38 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
INDZ | INDE | |
|---|---|---|
| Last price | $25.10 | $29.77 |
| 1D performance | +0.92% | +1.33% |
| AuM | $5.51 M | $17.75 M |
| E/R | 0.75% | 0.79% |
Characteristics
INDZ | INDE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | VanEck | Matthews Asia |
| Benchmark | - | - |
| N° of holdings | 70 | 68 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 19, 2026 | September 22, 2023 |
| ESG | No | No |
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Exposure
Countries
INDZ
India
98.57%
Other
1.43%
INDE
India
98.35%
Other
1.65%
Sectors
INDZ
Finance
25.72%
Industrials
20.43%
Non-Energy Materi.
12.09%
Healthcare
11.24%
Technology
7.74%
Other
22.78%
INDE
Finance
34.54%
Consumer Cyclical.
12.95%
Consumer Services
11.51%
Technology
7.87%
Consumer Non-Cycl.
7.8%
Industrials
7.62%
Other
17.7%
Diversification
INDZ
Total weight of top 15 holdings out of 15
37.12%
INDE
Total weight of top 15 holdings out of 15
53.62%
Top 15 holdings
Data as of July 31, 2026
INDZ
Reliance Industries Ltd.
3.31%
Maruti Suzuki India Ltd.
3.04%
HDFC Bank Ltd.
2.92%
Cholamandalam Investment & Finance Co. Ltd.
2.77%
State Bank of India
2.74%
The Phoenix Mills Ltd.
2.71%
Multi Commodity Exchange of India Ltd.
2.51%
Tata Consumer Products Ltd.
2.33%
Larsen & Toubro Ltd.
2.26%
Lloyds Metals & Energy Ltd.
2.20%
ICICI Bank Ltd.
2.12%
BSE Ltd.
2.11%
Delhivery Ltd.
2.05%
Bharti Airtel Ltd.
2.03%
Bharat Heavy Electricals Ltd.
2.01%
INDE
Eternal Ltd.
8.24%
HDFC Bank Ltd.
6.36%
ICICI Bank Ltd.
6.08%
Bajaj Finance Ltd.
4.10%
Neuland Laboratories Ltd.
3.81%
Shriram Finance Ltd.
3.36%
Bharti Airtel Ltd.
3.25%
Reliance Industries Ltd.
2.96%
Thangamayil Jewellery Ltd.
2.76%
Axis Bank Ltd.
2.40%
Marico Ltd.
2.26%
Swiggy Ltd.
2.07%
Mahindra & Mahindra Ltd.
2.00%
Ather Energy Ltd.
1.99%
Kotak Mahindra Bank Ltd.
1.98%
Frequently asked questions about INDZ and INDE
Which ETF is bigger: INDZ or INDE?
As of September 11, 2026, INDZ holds $5.51 M in assets under management (AUM), while INDE manages $17.75 M.
What sectors do the INDZ and INDE ETFs invest in?
INDZ leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, INDE focuses on Finance, Consumer Cyclicals and Consumer Services.
What are the top holdings of the INDZ ETF and INDE ETF?
INDZ top holdings include Reliance Industries Ltd., Maruti Suzuki India Ltd. and HDFC Bank Ltd.. INDE holds in its top three: Eternal Ltd., HDFC Bank Ltd. and ICICI Bank Ltd..
Which ETF is more diversified: INDZ or INDE?
INDZ holds 70 securities with 37.12% of its assets in the top 15. INDE has 69 securities and a top 15 weight of 53.62%.
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