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 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | INDZ INDE | -3.10%-0.62% | -7.36%-2.88% | n/a-5.08% | n/a-6.22% | n/a+19.44% | n/an/a |
| Flows | INDZ INDE | -- | +$3M- | -+$8M | -+$8M | -+$16M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | INDZ INDE | +14.03%+13.85% | n/a+18.83% | n/a+16.96% | n/an/a |
| Max drawdown | INDZ INDE | -11.64%-7.25% | n/a-19.70% | n/a-23.34% | n/an/a |
| Max drawdown duration | INDZ INDE | 54d57d | n/a349d | n/a764d | n/an/a |
Trading data
INDZ | INDE | |
Last sale 10/28/2026 at 1:30 PM | $23.13 | $28.46 |
| Previous close 10/27/2026 | $23.10 | $28.50 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
INDZ | INDE | |
|---|---|---|
| Last price | $23.13 | $28.46 |
| 1D performance | +0.13% | -0.13% |
| AuM | $5.08 M | $17.14 M |
| E/R | 0.75% | 0.79% |
Characteristics
INDZ | INDE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | VanEck | Matthews Asia |
| Benchmark | - | - |
| N° of holdings | 70 | 72 |
| 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
98.41%
Other
1.59%
INDE
India
99.13%
Other
0.87%
Sectors
INDZ
Finance
25.71%
Industrials
20.52%
Non-Energy Materi.
12.29%
Healthcare
11.56%
Technology
8.45%
Other
21.47%
INDE
Finance
32.67%
Consumer Cyclical.
12.71%
Consumer Services
11.97%
Industrials
9.36%
Technology
8.46%
Healthcare
8.27%
Other
16.56%
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Diversification
INDZ
Total weight of top 15 holdings out of 15
37.24%
INDE
Total weight of top 15 holdings out of 15
52.86%
Top 15 holdings
Data as of August 31, 2026
INDZ
Reliance Industries Ltd.
3.21%
Multi Commodity Exchange of India Ltd.
3.15%
Maruti Suzuki India Ltd.
2.88%
State Bank of India
2.81%
Cholamandalam Investment & Finance Co. Ltd.
2.76%
HDFC Bank Ltd.
2.74%
The Phoenix Mills Ltd.
2.70%
Larsen & Toubro Ltd.
2.31%
Tata Consumer Products Ltd.
2.22%
Bharat Heavy Electricals Ltd.
2.17%
Neuland Laboratories Ltd.
2.16%
ICICI Bank Ltd.
2.13%
Netweb Technologies India Ltd.
2.05%
Bharat Electronics Ltd.
2.05%
Delhivery Ltd.
1.93%
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%
Frequently asked questions about INDZ and INDE
Which ETF is bigger: INDZ or INDE?
As of October 27, 2026, INDZ holds $5.08 M in assets under management (AUM), while INDE manages $17.14 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., Multi Commodity Exchange of India Ltd. and Maruti Suzuki India Ltd.. INDE holds in its top three: Eternal Ltd., ICICI Bank Ltd. and HDFC Bank Ltd..
Which ETF is more diversified: INDZ or INDE?
INDZ holds 70 securities with 37.24% of its assets in the top 15. INDE has 72 securities and a top 15 weight of 52.86%.
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