GIND vs SPY
Comparison between Goldman Sachs India Equity ETF (GIND, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
GIND vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GIND
$164M
Winner
SPY
$781B
Expense Ratio
GIND
0.75%
Winner
SPY
0.09%
Max Drawdown
Winner
GIND
22.97%
SPY
56.47%
Sharpe Ratio
GIND
-0.83
Winner
SPY
1.25
5Y Beta
Winner
GIND
0.50
SPY
1.00
P/E Ratio
GIND
N/A
SPY
28.78
Forward P/E
GIND
N/A
SPY
21.23
5Y Dividends CAGR
GIND
N/A
SPY
6.00%
5Y EPS CAGR
GIND
N/A
SPY
25.62%
Debt to Equity
GIND
N/A
SPY
31.92%
P/S Ratio
GIND
N/A
SPY
3.76
P/B Ratio
GIND
N/A
SPY
5.64
GIND vs SPY - Holdings Comparison
GIND and SPY have 2 common holdings. Overlap is 0.03%
GIND's top 25 holdings weight is 50.89%. SPY's top 25 holdings weight is 51.74%.
| Rank | GIND | SPY |
|---|---|---|
| #1 | ICICI BANK LTD (n/a) - 5.83% | NVIDIA CORP (NVDA) - 7.89% |
| #2 | HDFC BANK LTD (n/a) - 3.72% | APPLE INC (AAPL) - 7.37% |
| #3 | RELIANCE INDUSTRIES LTD (n/a) - 3.15% | MICROSOFT CORP (MSFT) - 4.50% |
| #4 | AXIS BANK LTD (n/a) - 2.68% | AMAZON.COM INC (AMZN) - 3.82% |
| #5 | BAJAJ FINANCE LTD (n/a) - 2.55% | ALPHABET INC CLASS A (GOOGL) - 3.33% |
| #6 | MAHINDRA & MAHINDRA LTD (n/a) - 2.46% | BROADCOM INC (AVGO) - 2.86% |
| #7 | KOTAK MAHINDRA BANK LTD (n/a) - 2.33% | ALPHABET INC CLASS C (GOOG) - 2.68% |
| #8 | INFOSYS LTD (n/a) - 2.10% | META PLATFORMS INC CLASS A (META) - 2.29% |
| #9 | TATA STEEL LTD (n/a) - 2.10% | TESLA INC (TSLA) - 1.70% |
| #10 | SUN PHARMACEUTICALS INDUSTRIES LTD (n/a) - 1.99% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | BHARTI AIRTEL LTD (n/a) - 1.92% | JPMORGAN CHASE & CO (JPM) - 1.42% |
| #12 | STATE BANK OF INDIA (n/a) - 1.82% | ELI LILLY AND CO (LLY) - 1.40% |
| #13 | GRASIM INDUSTRIES LTD (n/a) - 1.79% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #14 | ETERNAL LTD (n/a) - 1.66% | ADVANCED MICRO DEVICES INC (AMD) - 1.32% |
| #15 | APOLLO HOSPITALS ENTERPRISE LTD (n/a) - 1.53% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.92% |
| #16 | NESTLE INDIA LTD (n/a) - 1.47% | JOHNSON & JOHNSON (JNJ) - 0.91% |
| #17 | SAMVARDHANA MOTHERSON INTERNATIONAL LTD (n/a) - 1.41% | VISA INC CLASS A (V) - 0.90% |
| #18 | TVS MOTOR CO LTD (n/a) - 1.40% | WALMART INC (WMT) - 0.76% |
| #19 | TATA CONSUMER PRODUCTS LTD (n/a) - 1.35% | INTEL CORP (INTC) - 0.75% |
| #20 | HINDALCO INDUSTRIES LTD (n/a) - 1.34% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #21 | n/a (n/a) - 1.33% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #22 | BHARAT ELECTRONICS LTD (n/a) - 1.29% | MASTERCARD INC CLASS A (MA) - 0.66% |
| #23 | SBI LIFE INSURANCE CO LTD (n/a) - 1.26% | ABBVIE INC (ABBV) - 0.66% |
| #24 | PB FINTECH LTD (n/a) - 1.25% | CATERPILLAR INC (CAT) - 0.65% |
| #25 | TORRENT PHARMACEUTICALS LTD (n/a) - 1.16% | LAM RESEARCH CORP (LRCX) - 0.64% |
| Total Holdings | 122 | 505 |
GIND vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
GIND
-1.22%
Winner
SPY
+0.52%
3M
GIND
+0.33%
Winner
SPY
+6.55%
6M
GIND
-2.37%
Winner
SPY
+9.76%
1Y
GIND
-11.55%
Winner
SPY
+20.32%
5Y(CAGR)
GIND
N/A
SPY
+13.01%
10Y(CAGR)
GIND
N/A
SPY
+15.06%
Max(CAGR)
GIND
-3.04%
Winner
SPY
+8.50%
GIND vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GIND | SPY |
|---|---|---|
| 2026 | -8.90% | +10.11% |
| 2025 | +4.55% | +18.00% |
| 2024 | N/A | +25.59% |
| 2023 | N/A | +26.72% |
| 2022 | N/A | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
GIND vs SPY Drawdown Comparison
The maximum drawdown for GIND was -22.97%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current GIND drawdown is -12.87%. The current SPY drawdown is -1.24%.
| Rank | GIND | SPY |
|---|---|---|
| #1 | -22.97% Jul 1, 2025 - Mar 30, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -5.81% Apr 3, 2025 - Apr 15, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -4.08% May 5, 2025 - May 13, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -2.80% Jun 10, 2025 - Jun 26, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -1.87% Apr 24, 2025 - May 5, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -1.60% May 19, 2025 - Jun 6, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -0.79% Jun 27, 2025 - Jul 1, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -0.29% Apr 22, 2025 - Apr 24, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -0.06% Apr 15, 2025 - Apr 17, 2025 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -0.04% May 15, 2025 - May 19, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | N/A | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | N/A | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | N/A | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | N/A | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | N/A | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GIND and SPY is -0.54 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
-0.54
-101
Select Stocks to Compare
Popular: GIND vs SPY
More Comparisons
Compare with similar stocks
Compare GIND with:
Compare SPY with:
Popular suggestions:
SPY vs VOO
SPDR S&P 500 ETF Trust vs VANGUARD 500 INDEX FUND ETF SHARES
SPY vs BRK-B
SPDR S&P 500 ETF Trust vs Berkshire Hathaway Inc - Class B
SPY vs SCHD
SPDR S&P 500 ETF Trust vs SCHWAB U.S. DIVIDEND EQUITY ETF
SPY vs GLD
SPDR S&P 500 ETF Trust vs SPDR Gold Shares ETF
SPY vs SPYG
SPDR S&P 500 ETF Trust vs STATE STREET(R) SPDR(R) PORTFOLIO S&P 500(R) GROWTH ETF