NDIA

Global X India Active ETF

NDIA is an actively managed ETF offering exposure to the Indian Economy. NDIA screens for companies with quality business models and management teams across India, focusing on domestic-driven growth over a 4-5 year investing horizon.


Emerging Market

EQUITY

Active

MANAGEMENT STYLE

24.0 M

ASSETS UNDER MGMT

75 bp

EXPENSES
Fund Basics
Fund sponsorGlobal X
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateAug 17, 2023
Assets (mns)$24
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
Distributions
Taxation1099
Stock selection
Weighting
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
HDFC BANK LIMITED 9.2 %
RELIANCE INDS-SPONS GDR 144A 8.8 %
ICICI BANK LTD-SPON ADR 8.1 %
AXIS BANK LIMITED 5.4 %
LARSEN & TOUBRO LIMITED 5.0 %
INFOSYS TECHNOLOGIES-SP ADR 4.8 %
TATA CONSULTANCY SVS LTD 4.1 %
TATA STEEL LTD 4.0 %
BHARTI AIRTEL LIMITED 3.9 %
UNITED SPIRITS LIMITED 3.9 %
Constituent Breakdown
Number of holdings30
Herfindahl-Hirschman Index 482
Wgt avg mkt cap (mns)$56,757
Large cap (>$10bn)86.3%
Mid cap ($2-10bn)9.3%
Small cap (<$2bn)2.1%
Developed mkts.0.0%
Emerging mkts.100.0%
Country Exposure
INDIA 96.6 %
Historical Performance


Standardized Performance (as of 02/28/2025)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -9.5% -10.3% -- -- -- -- 2.7%
Volatility 14.6% 14.7% -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.5927%
MSCI EAFE0.3814%
MSCI Emg Mkts0.5823%
Liquidity Measures
Avg. volume (000)14
Turnover1.6%
Avg. Bid/Ask (% of price)0.35%
ADV of underlying (mns)$390
Technical Indicators
Recent close$27.89
30d moving avg.$26.89
Annualized volatility14.7%
Relative strength (RSI)52
Short interest (ETF)3.0%
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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Risk and Returns: NDIA 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
  2020 2021 2022 2023 2024 2025E 2026E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2024 2025E Fwd Est 2026E
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 --%
1.8 19.2 3.1 1.6% --
Based on closing prices from 4/3/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
NDIA



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™

NDIA

4.8%

Cat. Avg

10.0%


ALTAR Score™ Calculation

Category Overview
There are 156 funds in the Emerging Equity category, with an average ALTAR Score™ of 10.0% and a standard deviation of 4.2%. NDIA's ALTAR Score™ is approximately 1.3 standard deviations below the category average. This places NDIA in the 10st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

NDIA
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
Emerging Market Equity ETFs
# of ETFs 22
Avg. Expense Ratio 60.3 bp
Std. Deviation 21.7 bp
NDIA (75 bp) Percentile rank 75
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
NDIA 75.0 34.6 109.6
Peer Avg. 76.2 45.0 121.2
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .