INQQ
India Internet & Ecommerce ETF
INQQ tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
50.7 M
ASSETS UNDER MGMT
86 bp
EXPENSES
Fund Basics
| Fund sponsor | Exchange Traded Concepts |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 06, 2022 |
| Assets (mns) | $51 |
| Expense ratio | 86 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| RELIANCE INDS-SPONS GDR 144A | 11.9 % |
| ZOMATO LTD. | 7.4 % |
| BAJAJ FINANCE LIMITED | 6.9 % |
| INFO EDGE INDIA LTD. | 6.6 % |
| MAKEMYTRIP LTD | 5.0 % |
| INDIAN ENERGY EXCHANGE LTD. | 5.0 % |
| PB FINTECH LIMITED | 4.7 % |
| FSN E-COMMERCE VENTURES LTD. | 4.6 % |
| ANGEL ONE LIMITED | 3.9 % |
| INDIAMART INTERMESH LTD. | 3.6 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 585 |
| Wgt avg mkt cap (mns) | $37,483 |
| Large cap (>$10bn) | 50.9% |
| Mid cap ($2-10bn) | 20.0% |
| Small cap (<$2bn) | 29.0% |
| Developed mkts. | 3.2% |
| Emerging mkts. | 96.8% |
Country Exposure
 |
INDIA | 74.8 % |
 |
SWEDEN | 1.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 13.1% | 28.2% | 17.7% | -- | -- | -- | 2.0% | Volatility | 17.2% | 17.4% | 17.6% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.72 | 41% |
| MSCI EAFE | 0.49 | 21% |
| MSCI Emg Mkts | 0.47 | 20% |
Liquidity Measures
| Avg. volume (000) | 15 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.59% |
| ADV of underlying (mns) | $210 |
Technical Indicators
| Recent close | $15.90 |
| 30d moving avg. | $16.25 |
| Annualized volatility | 19.1% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 1.5% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. INQQ |
Expenses vs. INQQ |
ALTAR Score™ vs. INQQ |
|---|---|---|---|---|
| FMQQ | FMQQ The Next Frontier Internet & Ecommerce ETF | 36.6% | 0 bp | -1.3% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 20.5% | 0 bp | -0.9% |
| DGIN | VanEck Digital India ETF | 16.3% | -15 bp | -2.4% |
| FLIN | Franklin FTSE India ETF | 13.4% | -67 bp | +2.2% |
| EPI | WisdomTree India Earnings Fund | 11.9% | -1 bp | +3.6% |
| MINV | Matthews Asia Innovators Active ETF | 11.4% | -7 bp | +0.5% |
Risk and Returns: INQQ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
INQQ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
INQQ
2.5%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. INQQ's ALTAR Score™ is approximately
1.3 standard deviations
below
the category average. This places INQQ in the 10st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
INQQSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| INQQ (86 bp) Percentile rank | 77 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| INQQ | 86.0 | 59.3 | 145.3 |
| Peer Avg. | 64.4 | 44.2 | 108.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .