SMIN
iShares MSCI India Small Cap ETF
The iShares MSCI India Small Cap Index Fund is an exchange traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI India Small Cap Index.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
945.4 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock Funds/USA |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 08, 2012 |
| Assets (mns) | $945 |
| Expense ratio | 79 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-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
Complete list +
| NIIT TECHNOLOGIES LTD | 1.1 % |
| FEDERAL BANK LTD | 1.1 % |
| VOLTAS LIMITED | 1.0 % |
| BSE LTD | 1.0 % |
| EMBASSY OFFICE PARKS REIT | 0.9 % |
| MAX INDIA LIMITED | 0.8 % |
| LIC HOUSING FINANCE LTD | 0.8 % |
| EXIDE INDUSTRIES LTD | 0.8 % |
| CROMPTON GREAVES CONSUMER ELECTRICALS LT | 0.7 % |
| MINDA INDUSTRIES LIMITED | 0.7 % |
Constituent Breakdown
| Number of holdings | 519 |
| Herfindahl-Hirschman Index | 33 |
| Wgt avg mkt cap (mns) | $1,796 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 67.0% |
| Small cap (<$2bn) | 33.0% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 100.0% |
Country Exposure
 |
INDIA | 63.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 22.9% | 39.4% | 27.8% | 13.2% | 20.2% | 11.0% | 10.9% | Volatility | 18.5% | 17.9% | 16.1% | 18.4% | 24.7% | 23.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.48 | 31% |
| MSCI EAFE | 0.37 | 18% |
| MSCI Emg Mkts | 0.37 | 18% |
Liquidity Measures
| Avg. volume (000) | 282 |
| Turnover | 2.4% |
| Avg. Bid/Ask (% of price) | 0.23% |
| ADV of underlying (mns) | $431 |
Technical Indicators
| Recent close | $80.46 |
| 30d moving avg. | $84.21 |
| Annualized volatility | 15.2% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 10.6% |
| 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. SMIN |
Expenses vs. SMIN |
ALTAR Score™ vs. SMIN |
|---|---|---|---|---|
| EEMS | iShares MSCI Emerging Markets Small Cap ETF | 18.6% | -9 bp | +4.2% |
| EPI | WisdomTree India Earnings Fund | 10.8% | +6 bp | +2.6% |
Risk and Returns: SMIN 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 11/22/2024
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
SMIN
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™
SMIN
3.4%
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%. SMIN's ALTAR Score™ is approximately
1.1 standard deviations
below
the category average. This places SMIN in the 15th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SMINSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| SMIN (79 bp) Percentile rank | 87 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SMIN | 79.0 | 23.4 | 102.4 |
| Peer Avg. | 37.4 | 12.8 | 50.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .