Which returned more over the last year, INDA or USMV?

In the year to Oct 28, 2026, with distributions reinvested, INDA returned −14.2% and USMV +10.8%.

Which is cheaper, INDA or USMV?

USMV is cheaper, by 0.46 percentage points a year. That is about $46 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do INDA and USMV overlap with the S&P 500?

By their latest filed holdings, 0% of INDA and 93% of USMV by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

INDA vs USMV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, INDA returned −14.2% to USMV's +10.8%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $5.8bn for iShares MSCI India ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.

INDA on its own →USMV on its own →

At a glance

−14.2%

INDA total return, 1 year

+10.8%

USMV total return, 1 year

0.61%

INDA expense ratio

0.15%

USMV expense ratio

Pair scorecard

USMV costs 0.46 points a year less; their one-year returns differ by 25.0 points; USMV is 4.2 times larger.

INDA vs USMV: Differences, Returns & Fees
Measure	INDA	USMV
Return
Measure	INDA	USMV
Total return, 1 year	−14.2%	+10.8%
Drawdown
Measure	INDA	USMV
Below its high	20.4%, high on Sep 26, 2024
Benchmark
Measure	INDA	USMV
What it tracks	MSCI India Index	MSCI USA Minimum Volatility (USD) Index
Cost and size
Measure	INDA	USMV
Expense ratio	0.61%	0.15%
Net assets, as of Oct 27, 2026	$5.8bn	$24.1bn
Holdings
Measure	INDA	USMV
Holdings in common	0%
Top ten holdings, share of the fund	34.8%	14.8%

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

What they share

By the books each fund has filed, INDA and USMV hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first INDA USMV

Only in one fund ↓

Only in INDA

HDFC BANK 6.21%

ICICI BANK 5.90%

RELIANCE INDUSTRIES LTD 5.50%

BHARTI AIRTEL LTD 4.44%

INFOSYS 2.83%

AXIS BANK 2.23%

MAHINDRA AND MAHINDRA LTD 1.99%

LARSEN AND TOUBRO LTD 1.97%

Only in USMV

MICROSOFT 1.61%

EXXONMOBIL HOLDINGS CORP 1.54%

BERKSHIRE HATHAWAY INC CLASS B 1.50%

CHUBB 1.50%

MOTOROLA SOLUTIONS INC 1.48%

AMPHENOL CORP CLASS A 1.47%

NVIDIA 1.47%

JOHNSON & JOHNSON 1.44%

Check overlap with more funds →

Side by side

INDA iShares MSCI India ETF USMV iShares MSCI USA Min Vol Factor ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks the MSCI India Tracks the MSCI USA Min Vol Factor

Total return, 1 year −14.2% +10.8%

Its benchmark over the same days +16.3% (EEM) not measured

Gap to its benchmark −30.5 pts vs EEM not measured

Expense ratio 0.61% 0.15%

Already in the S&P 500 0.0% 93.0%

Holdings 166 176

Net assets, as of Oct 27, 2026 $5.8bn $24.1bn

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

Alert

About each fund

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.

USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.

Questions people ask

Which returned more over the last year, INDA or USMV?: In the year to Oct 28, 2026, with distributions reinvested, INDA returned −14.2% and USMV +10.8%.
Which is cheaper, INDA or USMV?: USMV is cheaper, by 0.46 percentage points a year. That is about $46 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do INDA and USMV overlap with the S&P 500?: By their latest filed holdings, 0% of INDA and 93% of USMV by weight is stocks the S&P 500 already holds.

Other comparisons

INDA vs RDVY CGGR vs INDA INDA vs SPMO DFUS vs INDA URTH vs USMV USMV vs VPL ACWX vs USMV AVDV vs USMV

Where to next

INDA on its own →USMV on its own →Hold both: look the portfolio through →Rankings →INDA dividend history →INDA holdings →USMV dividend history →USMV holdings →Standards and sources →

Sources and dates

INDA and USMV filings on SEC EDGAR ↗

INDA prospectus with the expense ratio (SEC) ↗

iShares page for INDA ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, INDA against USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/inda-vs-usmv

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