Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
INDA vs QUAL: how they differ
INDA and QUAL hold 0% of their weight in the same names, and QUAL returned more over the year.
iShares MSCI India ETF and iShares MSCI USA Quality Factor ETF.
What they hold in common
By the books each fund has filed, INDA and QUAL hold 0% of their money in the same securities at the same weight.
| Only in INDA | Only in QUAL |
|---|---|
| RELIANCE INDUSTRIES LIMITED 6.23% | NVIDIA CORPORATION 6.52% |
| HDFC BANK LIMITED 6.15% | APPLE INC. 6.28% |
| ICICI BANK LIMITED 4.68% | MICROSOFT CORPORATION 5.05% |
| BHARTI AIRTEL LIMITED 3.63% | META PLATFORMS, INC. 3.50% |
| INFOSYS LIMITED 2.92% | LAM RESEARCH CORPORATION 3.23% |
| AXIS BANK LIMITED 2.23% | THE TJX COMPANIES, INC. 3.19% |
| MAHINDRA AND MAHINDRA LIMITED 2.20% | VISA INC. 3.09% |
| LARSEN AND TOUBRO LIMITED 2.13% | ELI LILLY AND COMPANY 2.92% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.
| INDA iShares MSCI India ETF | QUAL iShares MSCI USA Quality Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI India | MSCI USA Quality Factor |
| Total return, 1 year | −8.8% | +16.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −26.3 pts | −1.5 pts |
| Expense ratio | 0.61% | 0.15% |
| Already in the S&P 500 | 0.0% | 98.9% |
| Holdings | 169 | 121 |
INDA in plain words
INDA is an index equity fund tracking the MSCI India. Over the year to Sep 11, 2026 it returned −8.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.61% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 169 positions, with the top ten at 33.7%. It sat 17.4% below its high of Sep 26, 2024 on Sep 11, 2026.
QUAL in plain words
QUAL is an index equity fund tracking the MSCI USA Quality Factor. Over the year to Sep 11, 2026 it returned +16.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 121 positions, with the top ten at 39.1%. It sat 3.1% below its high of Aug 13, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, INDA or QUAL?
- In the year to Sep 12, 2026, with distributions reinvested, INDA returned −8.8% and QUAL returned +16.0%, so QUAL returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, INDA or QUAL?
- INDA charges 0.61% a year and QUAL charges 0.15%, so QUAL is cheaper. Fees come from each fund's prospectus.
- How much do INDA and QUAL overlap with the S&P 500?
- By their latest filed holdings, 0% of INDA and 99% of QUAL by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, INDA against QUAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/INDA-QUAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources