A side-by-side comparison of Pacer ActiveAlpha India Quality ETF (INDQ) 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 | INDQ | INDY |
|---|---|---|
| YTD Return | -7.42% | -5.47%✓ |
| 1-Day Change | -1.09% | -0.39%✓ |
| 1-Week Change | -3.75% | -2.16%✓ |
| 1-Month Change | -6.43% | -6.44%✓ |
| Current Price | $24.61 | $40.79 |
| AUM | $1M | $500M✓ |
| MER (Expense Ratio) | — | 0.89% |
| Dividend Yield | — | 0.85% |
| Distribution Frequency | — | NA |
| Inception Date | 2026-04-01 | 2009-11-18 |
| Holdings Count | 27 | 49 |
| MorningStar Rating | — | ★★ |
| Category | India Equity | India Equity |
| Beta | 0.00 | 0.51 |
| 52-Week High | $27.73 | $50.12 |
| 52-Week Low | $24.61 | $40.66 |
| 50-Day MA | $26.17 | $43.11 |
| 200-Day MA | $26.31 | $44.59 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | INDQ | INDY |
|---|---|---|
| YTD | -7.42% | -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 | TITAN | Titan Company Limited | 5.69% |
| 2 | EICHERMOT | Eicher Motors Limited | 5.12% |
| 3 | HEROMOTOCO | HERO MOTOCORP LTD. | 5.04% |
| 4 | LALPATHLAB | Dr. Lal Path Labs Ltd. | 4.24% |
| 5 | NATIONALUM | National Aluminium Company Limited | 4.16% |
| 6 | ASTRAL | Astral Limited | 4.11% |
| 7 | INFRATEL | Indus Towers Limited | 4.07% |
| 8 | RNAM | Nippon Life India Asset Management Limited | 3.81% |
| 9 | MAHABANK | Bank of Maharashtra | 3.66% |
| 10 | ZENTEC | Zen Technologies Limited | 3.57% |
| 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 | INDQ | INDY |
|---|---|---|
| Basic Materials | 13.08% | 7.34% |
| Communication Services | 4.21% | 5.20% |
| Consumer Cyclicals | 21.77% | 11.78% |
| Consumer Defensive | 11.38% | 5.57% |
| Energy | 2.66% | 10.47% |
| Financial Services | 13.64% | 36.40% |
| Healthcare | 17.00% | 4.86% |
| Industrials | 16.27% | 7.91% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 7.90% |
| Utilities | 0.00% | 2.58% |
About INDQ
Under normal circumstances, at least 80% of the fund"s net assets (plus any borrowings for investment purposes) will be invested in equity securities of Indian companies. The index uses an objective, rules-based methodology to provide exposure to high quality companies in India. It 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 INDQ and INDY are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, INDY scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- 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 INDQ and INDY?
INDQ (Pacer ActiveAlpha India Quality ETF) and INDY (iShares India 50 ETF) are both Canadian-listed ETFs. Key differences include their AUM ($1M vs $500M), dividend yield (N/A vs 0.85%), and year-to-date performance (-7.42% vs -5.47%).
Is INDQ better than INDY?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy INDQ and INDY on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both INDQ and INDY should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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