INDE vs SMLL
Comparison between MATTHEWS INDIA ACTIVE ETF (INDE, ETF) and HARBOR ACTIVE SMALL CAP ETF (SMLL, ETF).
INDE vs SMLL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
INDE
$13M
Winner
SMLL
$13M
Expense Ratio
Winner
INDE
0.79%
SMLL
0.80%
Max Drawdown
INDE
24.66%
Winner
SMLL
23.56%
Sharpe Ratio
INDE
-0.44
Winner
SMLL
-0.22
5Y Beta
Winner
INDE
0.42
SMLL
0.94
P/E Ratio
INDE
N/A
SMLL
27.77
Forward P/E
INDE
N/A
SMLL
16.09
PEG Ratio
INDE
N/A
SMLL
0.65
5Y EPS CAGR
INDE
N/A
SMLL
10.73%
Debt to Equity
INDE
N/A
SMLL
53.47%
P/S Ratio
INDE
N/A
SMLL
1.89
P/B Ratio
INDE
N/A
SMLL
2.58
INDE vs SMLL - Holdings Comparison
INDE and SMLL have 1 common holdings. Overlap is 0.12%
INDE's top 25 holdings weight is 69.29%. SMLL's top 25 holdings weight is 74.77%.
| Rank | INDE | SMLL |
|---|---|---|
| #1 | ETERNAL LTD (n/a) - 6.36% | RELIANCE INC (RS) - 5.24% |
| #2 | HDFC BANK LTD (n/a) - 6.35% | WILLSCOT HOLDINGS CORP ORDINARY SHARES CLASS A (WSC) - 4.49% |
| #3 | THANGAMAYIL JEWELLERY LTD (n/a) - 5.57% | POOL CORP (POOL) - 4.24% |
| #4 | ICICI BANK LTD (n/a) - 4.97% | MORNINGSTAR INC (MORN) - 4.10% |
| #5 | NEULAND LABORATORIES LTD (n/a) - 3.65% | WINTRUST FINANCIAL CORP (WTFC) - 3.80% |
| #6 | BAJAJ FINANCE LTD (n/a) - 3.31% | DOUGLAS DYNAMICS INC (PLOW) - 3.67% |
| #7 | BHARTI AIRTEL LTD (n/a) - 3.23% | FRESHWORKS INC ORDINARY SHARES CLASS A (FRSH) - 3.41% |
| #8 | RELIANCE INDUSTRIES LTD (n/a) - 3.21% | LIBERTY ENERGY INC CLASS A (LBRT) - 3.34% |
| #9 | SHRIRAM FINANCE LTD (n/a) - 3.01% | PAYLOCITY HOLDING CORP (PCTY) - 3.08% |
| #10 | AXIS BANK LTD (n/a) - 2.55% | US DOLLAR (n/a) - 3.07% |
| #11 | MARICO LTD (n/a) - 2.41% | SS&C TECHNOLOGIES HOLDINGS INC (SSNC) - 3.02% |
| #12 | HFCL LTD (n/a) - 2.36% | UNITED BANKSHARES INC (UBSI) - 2.99% |
| #13 | KOTAK MAHINDRA BANK LTD (n/a) - 2.08% | JANUS INTERNATIONAL GROUP INC ORDINARY SHARES CLASS A (JBI) - 2.91% |
| #14 | HINDUSTAN UNILEVER LTD (n/a) - 1.91% | ANDERSEN GROUP INC ORDINARY SHARES- CLASS A (ANDG) - 2.79% |
| #15 | MAHINDRA & MAHINDRA LTD (n/a) - 1.90% | ARTISAN PARTNERS ASSET MANAGEMENT INC CLASS A (APAM) - 2.62% |
| #16 | AVALON TECHNOLOGIES LTD (n/a) - 1.89% | RLJ LODGING TRUST REGISTERED SHS OF BENEF INTEREST (RLJ) - 2.58% |
| #17 | SWIGGY LTD (n/a) - 1.77% | THE MIDDLEBY CORP (MIDD) - 2.52% |
| #18 | THERMAX LTD (n/a) - 1.74% | STANDARDAERO INC (SARO) - 2.35% |
| #19 | STAR HEALTH AND ALLIED INSURANCE CO LTD (n/a) - 1.73% | THE TORO CO (TTC) - 2.26% |
| #20 | STERLITE TECHNOLOGIES LTD (n/a) - 1.64% | REMITLY GLOBAL INC (RELY) - 2.25% |
| #21 | n/a (n/a) - 1.62% | HILLMAN SOLUTIONS CORP SHS (HLMN) - 2.15% |
| #22 | INFOSYS LTD (n/a) - 1.59% | FACTSET RESEARCH SYSTEMS INC (FDS) - 2.15% |
| #23 | TATA CONSUMER PRODUCTS LTD (n/a) - 1.50% | APTARGROUP INC (ATR) - 2.03% |
| #24 | CAMPUS ACTIVEWEAR LTD (n/a) - 1.47% | SHIFT4 PAYMENTS INC CLASS A (FOUR) - 1.94% |
| #25 | MAX FINANCIAL SERVICES LTD (n/a) - 1.47% | MONARCH CASINO & RESORT INC (MCRI) - 1.77% |
| Total Holdings | 71 | 49 |
INDE vs SMLL - Historical Returns
Returns include dividend reinvestment.
1M
INDE
-2.37%
Winner
SMLL
-2.26%
3M
INDE
-0.03%
Winner
SMLL
+3.24%
6M
INDE
-6.61%
Winner
SMLL
+1.92%
1Y
INDE
-6.61%
Winner
SMLL
-2.83%
Max(CAGR)
Winner
INDE
+4.44%
SMLL
+2.99%
INDE vs SMLL - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | INDE | SMLL |
|---|---|---|
| 2026 | -8.81% | +1.65% |
| 2025 | +0.48% | -6.13% |
| 2024 | +11.19% | +10.75% |
| 2023 | +8.18% | N/A |
INDE vs SMLL Drawdown Comparison
The maximum drawdown for INDE was -22.89%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for SMLL was -23.56%, occurring on Apr 8, 2025. This drawdown has not yet recovered.
The current INDE drawdown is -15.23%. The current SMLL drawdown is -11.74%.
| Rank | INDE | SMLL |
|---|---|---|
| #1 | -22.89% Sep 23, 2024 - Mar 30, 2026 | -23.56% Feb 18, 2025 - Apr 8, 2025 |
| #2 | -6.26% Jun 3, 2024 - Jun 12, 2024 | -7.09% Dec 3, 2024 - Jan 28, 2025 |
| #3 | -5.21% Mar 1, 2024 - Apr 29, 2024 | -4.51% Nov 11, 2024 - Nov 25, 2024 |
| #4 | -4.94% Oct 17, 2023 - Oct 31, 2023 | -3.64% Aug 30, 2024 - Sep 13, 2024 |
| #5 | -4.15% Jul 16, 2024 - Aug 21, 2024 | -3.61% Oct 16, 2024 - Nov 6, 2024 |
| #6 | -3.76% May 2, 2024 - May 24, 2024 | -3.01% Sep 20, 2024 - Oct 16, 2024 |
| #7 | -3.18% Feb 7, 2024 - Feb 15, 2024 | -1.80% Jan 30, 2025 - Feb 5, 2025 |
| #8 | -3.05% Jan 12, 2024 - Jan 29, 2024 | -1.68% Feb 10, 2025 - Feb 18, 2025 |
| #9 | -2.96% Oct 31, 2023 - Nov 10, 2023 | -0.87% Feb 5, 2025 - Feb 10, 2025 |
| #10 | -2.30% Dec 19, 2023 - Jan 5, 2024 | -0.20% Nov 25, 2024 - Dec 3, 2024 |
| #11 | -2.07% May 24, 2024 - Jun 3, 2024 | -0.12% Jan 28, 2025 - Jan 30, 2025 |
| #12 | -2.03% Feb 23, 2024 - Mar 1, 2024 | -0.04% Sep 17, 2024 - Sep 19, 2024 |
| #13 | -1.61% Sep 4, 2024 - Sep 12, 2024 | N/A |
| #14 | -1.46% Sep 25, 2023 - Oct 6, 2023 | N/A |
| #15 | -1.27% Oct 6, 2023 - Oct 11, 2023 | N/A |
Correlation
Correlation between INDE and SMLL is -0.21 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.21
-101
Dividend Comparison (2024 - 2025)
INDE vs SMLL dividend yield comparison.
| Year | INDE | SMLL |
|---|---|---|
| 2025 | 1.75% | 2.37% |
| 2024 | 0.56% | 0.52% |
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