Data as of Oct 28, 2026.

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EEM vs INDA: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EEM returned +16.3% to INDA's −14.2%; 12% of their weight is in the same names.

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Net assets on Oct 27, 2026: $29.1bn for iShares MSCI Emerging Markets ETF and $5.8bn for iShares MSCI India ETF.

At a glance
+16.3%
EEM total return, 1 year
−14.2%
INDA total return, 1 year
0.72%
EEM expense ratio
0.61%
INDA expense ratio

Pair scorecard

INDA costs 0.11 points a year less; their one-year returns differ by 30.5 points; EEM is 5.0 times larger.

EEM vs INDA: Differences, Returns & Fees
MeasureEEMINDA
Return
Total return, 1 year+16.3%−14.2%
Drawdown
Below its high10.8%, high on Jun 22, 202620.4%, high on Sep 26, 2024
Benchmark
What it tracksMSCI Emerging Markets IndexMSCI India Index
Cost and size
Expense ratio0.72%0.61%
Net assets, as of Oct 27, 2026$29.1bn$5.8bn
Holdings
Holdings in common12%
Top ten holdings, share of the fund37.2%34.8%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Feb 10, 2012 to Oct 23, 2026 · 767 weekly returns
EEM INDA
Return
Total return edge INDA (slight) +97.5% +106.6%
Annualized edge INDA (slight) +4.7% +5.0%
Price return edge INDA +44.5% +78.6%
Risk
Volatility edge EEM (slight) 18.7% 19.2%
Max drawdown edge EEM (slight) −39.1% −41.0%
Risk-adjusted
Sharpe edge INDA (slight) 0.25 0.26
Sortino edge INDA (slight) 0.35 0.38
Calmar edge Tie 0.12 0.12
Reading

INDA returned slightly more: +106.6% to +97.5%. EEM swung slightly less: 18.7% to 19.2%. EEM fell slightly less at its worst: −39.1% to −41.0%.

Full scorecard

9 measures, with how each is measured
Open ↓
Risk and return: EEM vs INDA: Differences, Returns & Fees
MeasureEEMINDAEdgeHow it is measured
Return
Total return+97.5%+106.6%INDA (slight)Price change plus distributions, reinvested.
Annualized+4.7%+5.0%INDA (slight)Total return as a yearly rate.
Price return+44.5%+78.6%INDAPrice change alone, distributions left out.
Risk
Volatility18.7%19.2%EEM (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation13.3%13.4%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−39.1%−41.0%EEM (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.250.26INDA (slight)Return above Treasury bills per unit of volatility.
Sortino0.350.38INDA (slight)Return above Treasury bills per unit of downside deviation.
Calmar0.120.12TieAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 767 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

12%

By the books each fund has filed, EEM and INDA hold 12% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

12% in common

Positions both hold · largest shared weight first EEM INDA
HDFC BANK 0.72% 6.21%
ICICI BANK 0.68% 5.90%
RELIANCE INDUSTRIES LTD 0.63% 5.50%
BHARTI AIRTEL LTD 0.51% 4.44%
INFOSYS 0.33% 2.83%
AXIS BANK 0.25% 2.23%
LARSEN AND TOUBRO LTD 0.23% 1.97%
MAHINDRA AND MAHINDRA LTD 0.23% 1.99%
KOTAK MAHINDRA BANK LTD 0.22% 1.93%
BAJAJ FINANCE LTD 0.21% 1.81%
TATA CONSULTANCY SERVICES LTD 0.19% 1.62%
STATE BANK OF INDIA 0.16% 1.39%
Only in one fund ↓
Only in EEM
TAIWAN SEMICONDUCTOR MANUFACTURING 15.98%
SAMSUNG ELECTRONICS LTD 6.88%
SK HYNIX 4.91%
TENCENT HOLDINGS 2.64%
ALIBABA GROUP HOLDING 1.82%
MEDIATEK 1.54%
CHINA CONSTRUCTION BANK CORP H 0.94%
SAMSUNG ELECTRONICS NON VOTING PRE 0.91%
Only in INDA
IFSC NIFTY 50 NOV 26 0.00%
Check overlap with more funds →

Side by side

EEM iShares MSCI Emerging Markets ETF INDA iShares MSCI India ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Emerging markets Tracks the MSCI India
Total return, 1 year +16.3% −14.2%
Its benchmark over the same days not measured +16.3% (EEM)
Gap to its benchmark not measured −30.5 pts vs EEM
Expense ratio 0.72% 0.61%
Already in the S&P 500 0.0% 0.0%
Holdings 1186 166
Net assets, as of Oct 27, 2026 $29.1bn $5.8bn

EEM and INDA on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-0BAE42728D

EEM and INDA do different jobs. What does each one do in a portfolio?

  1. What each follows. EEM follows MSCI Emerging Markets Index and INDA follows MSCI India Index.
  2. Holdings in common. 12% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 EEM returned +16.3% and INDA −14.2% with distributions reinvested, a gap of 30.5 points.

Data as of Oct 28, 2026.

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About each fund
EEM

EEM tracks an index of Emerging markets. Over the year to Oct 28, 2026 it returned +16.3% with distributions reinvested. The prospectus expense ratio is 0.72% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,186 positions, with the top ten at 37.2%. It sat 10.8% below its high of Jun 22, 2026 on Oct 28, 2026.

INDA

INDA tracks the MSCI India. Over the year to Oct 28, 2026 it returned −14.2% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.61% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 166 positions, with the top ten at 34.8%. It sat 20.4% below its high of Sep 26, 2024 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EEM or INDA?
In the year to Oct 28, 2026, with distributions reinvested, EEM returned +16.3% and INDA −14.2%.
Which is cheaper, EEM or INDA?
INDA is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EEM and INDA overlap with the S&P 500?
By their latest filed holdings, 0% of EEM and 0% of INDA by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, EEM against INDA, data as of Oct 28, 2026. https://etfiq.com/compare/any/eem-vs-inda

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.