A side-by-side comparison of Xtrackers Nifty 500 India ETF (IND) and iShares India 50 ETF (INDY) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | IND | INDY |
|---|---|---|
| YTD Return | -5.01%✓ | -5.47% |
| 1-Day Change | -0.54% | -0.39%✓ |
| 1-Week Change | -2.92% | -2.16%✓ |
| 1-Month Change | -6.83% | -6.44%✓ |
| Current Price | $21.50 | $40.79 |
| AUM | $4M | $500M✓ |
| MER (Expense Ratio) | — | 0.89% |
| Dividend Yield | — | 0.85% |
| Distribution Frequency | — | NA |
| Inception Date | 2025-11-24 | 2009-11-18 |
| Holdings Count | 43 | 49 |
| MorningStar Rating | — | ★★ |
| Category | India Equity | India Equity |
| Beta | 0.00 | 0.51 |
| 52-Week High | $27.31 | $50.12 |
| 52-Week Low | $20.44 | $40.66 |
| 50-Day MA | $22.76 | $43.11 |
| 200-Day MA | $23.02 | $44.59 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | IND | INDY |
|---|---|---|
| YTD | -5.01%✓ | -5.47% |
| 1 Year | — | -12.47% |
| 3 Year | — | -0.22% |
| 5 Year | — | -0.70% |
| 10 Year | — | +5.25% |
| 1Y Volatility | — | 15.49% |
| Sharpe Ratio (3Y) | — | -0.12 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | HDFCBANK | HDFC Bank Limited | 5.55% |
| 2 | ICICIBANK | ICICI Bank Limited | 4.68% |
| 3 | RELIANCE | Reliance Industries Limited | 4.00% |
| 4 | BHARTIARTL | Bharti Airtel Limited | 2.70% |
| 5 | LT | Larsen & Toubro Limited | 2.21% |
| 6 | SBIN | State Bank of India | 2.03% |
| 7 | INFY | Infosys Limited | 1.79% |
| 8 | AXISBANK | Axis Bank Limited | 1.75% |
| 9 | M&M | Mahindra & Mahindra Limited | 1.32% |
| 10 | ITC | ITC Limited | 1.29% |
| 1 | HDFCBANK | HDFC Bank Limited | 10.59% |
| 2 | ICICIBANK | ICICI Bank Limited | 8.86% |
| 3 | RELIANCE | Reliance Industries Limited | 7.59% |
| 4 | BHARTIARTL | Bharti Airtel Limited | 5.15% |
| 5 | LT | Larsen & Toubro Limited | 4.20% |
| 6 | SBIN | State Bank of India | 3.82% |
| 7 | INFY | Infosys Limited | 3.41% |
| 8 | AXISBANK | Axis Bank Limited | 3.33% |
| 9 | KOTAKBANK | Kotak Mahindra Bank Limited | 2.92% |
| 10 | M&M | Mahindra & Mahindra Limited | 2.52% |
Sector Weights
| Sector | IND | INDY |
|---|---|---|
| Basic Materials | 8.75% | 7.34% |
| Communication Services | 3.98% | 5.20% |
| Consumer Cyclicals | 12.52% | 11.78% |
| Consumer Defensive | 5.62% | 5.57% |
| Energy | 7.05% | 10.47% |
| Financial Services | 29.82% | 36.40% |
| Healthcare | 7.78% | 4.86% |
| Industrials | 11.78% | 7.91% |
| Real Estate | 1.14% | 0.00% |
| Technology | 7.62% | 7.90% |
| Utilities | 3.93% | 2.58% |
About IND
The underlying index measures the equity performance of the top 500 companies traded on the NSE based on full market capitalization that meet certain eligibility requirements. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in component securities of the underlying index. The fund is non-diversified.
About INDY
The underlying index measures the equity performance of the top 50 companies by free float market capitalization whose equity securities trade in the Indian securities markets. The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The fund is non-diversified.
Which ETF is Right for You?
Both IND and INDY are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
IND and INDY are closely matched on the metrics we track. The right choice depends on your individual investment goals, tax situation, and time horizon.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between IND and INDY?
IND (Xtrackers Nifty 500 India ETF) and INDY (iShares India 50 ETF) are both Canadian-listed ETFs. Key differences include their AUM ($4M vs $500M), dividend yield (N/A vs 0.85%), and year-to-date performance (-5.01% vs -5.47%).
Is IND better than INDY?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, IND has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy IND and INDY on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both IND and INDY should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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