StockComparison Logo
vs

INDE vs SPY

Comparison between MATTHEWS INDIA ACTIVE ETF (INDE, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

INDE vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
INDE
$14M
Winner
SPY
$781B
Expense Ratio
INDE
0.79%
Winner
SPY
0.09%
Max Drawdown
Winner
INDE
24.66%
SPY
56.47%
Sharpe Ratio
INDE
-0.35
Winner
SPY
1.12
5Y Beta
Winner
INDE
0.43
SPY
1.00
P/E Ratio
INDE
N/A
SPY
28.53
Forward P/E
INDE
N/A
SPY
21.47
5Y Dividends CAGR
INDE
N/A
SPY
6.00%
5Y EPS CAGR
INDE
N/A
SPY
25.58%
Debt to Equity
INDE
N/A
SPY
32.09%
P/S Ratio
INDE
N/A
SPY
3.75
P/B Ratio
INDE
N/A
SPY
5.64

INDE vs SPY - Holdings Comparison

INDE and SPY have 1 common holdings. Overlap is 0.00%

INDE's top 25 holdings weight is 72.47%. SPY's top 25 holdings weight is 51.74%.

RankINDESPY
#1
ETERNAL LTD (n/a) - 7.47%
NVIDIA CORP (NVDA) - 7.89%
#2
THANGAMAYIL JEWELLERY LTD (n/a) - 7.02%
APPLE INC (AAPL) - 7.37%
#3
HDFC BANK LTD (n/a) - 6.97%
MICROSOFT CORP (MSFT) - 4.50%
#4
ICICI BANK LTD (n/a) - 5.69%
AMAZON.COM INC (AMZN) - 3.82%
#5
NEULAND LABORATORIES LTD (n/a) - 3.81%
ALPHABET INC CLASS A (GOOGL) - 3.33%
#6
BAJAJ FINANCE LTD (n/a) - 3.68%
BROADCOM INC (AVGO) - 2.86%
#7
SHRIRAM FINANCE LTD (n/a) - 3.47%
ALPHABET INC CLASS C (GOOG) - 2.68%
#8
BHARTI AIRTEL LTD (n/a) - 3.14%
META PLATFORMS INC CLASS A (META) - 2.29%
#9
RELIANCE INDUSTRIES LTD (n/a) - 2.94%
TESLA INC (TSLA) - 1.70%
#10
AXIS BANK LTD (n/a) - 2.94%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
HFCL LTD (n/a) - 2.48%
JPMORGAN CHASE & CO (JPM) - 1.42%
#12
MARICO LTD (n/a) - 2.20%
ELI LILLY AND CO (LLY) - 1.40%
#13
KOTAK MAHINDRA BANK LTD (n/a) - 1.96%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#14
STAR HEALTH AND ALLIED INSURANCE CO LTD (n/a) - 1.94%
ADVANCED MICRO DEVICES INC (AMD) - 1.32%
#15
MAHINDRA & MAHINDRA LTD (n/a) - 1.86%
EXXONMOBIL HOLDINGS CORP (XOM) - 0.92%
#16
SWIGGY LTD (n/a) - 1.72%
JOHNSON & JOHNSON (JNJ) - 0.91%
#17
ATHER ENERGY LTD (n/a) - 1.64%
VISA INC CLASS A (V) - 0.90%
#18
HINDUSTAN UNILEVER LTD (n/a) - 1.62%
WALMART INC (WMT) - 0.76%
#19
THERMAX LTD (n/a) - 1.52%
INTEL CORP (INTC) - 0.75%
#20
TATA CONSUMER PRODUCTS LTD (n/a) - 1.45%
APPLIED MATERIALS INC (AMAT) - 0.70%
#21
BHARAT HEAVY ELECTRICALS LTD (n/a) - 1.44%
CISCO SYSTEMS INC (CSCO) - 0.68%
#22
AVALON TECHNOLOGIES LTD (n/a) - 1.40%
MASTERCARD INC CLASS A (MA) - 0.66%
#23
MAX FINANCIAL SERVICES LTD (n/a) - 1.39%
ABBVIE INC (ABBV) - 0.66%
#24
STATE BANK OF INDIA (n/a) - 1.38%
CATERPILLAR INC (CAT) - 0.65%
#25
STERLITE TECHNOLOGIES LTD (n/a) - 1.34%
LAM RESEARCH CORP (LRCX) - 0.64%
Total Holdings71505

INDE vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
INDE
-0.69%
Winner
SPY
+0.63%
3M
INDE
+3.97%
Winner
SPY
+4.46%
6M
INDE
+1.79%
Winner
SPY
+7.67%
1Y
INDE
-3.47%
Winner
SPY
+17.68%
5Y(CAGR)
INDE
N/A
SPY
+12.42%
10Y(CAGR)
INDE
N/A
SPY
+14.84%
Max(CAGR)
INDE
+5.73%
Winner
SPY
+8.44%

INDE vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearINDESPY
2026-5.08%+8.63%
2025+0.48%+18.00%
2024+11.19%+25.59%
2023+8.18%+26.72%
2022N/A-18.64%
2021N/A+30.52%
2020N/A+17.28%
2019N/A+31.09%
2018N/A-5.24%
2017N/A+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

INDE vs SPY 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 SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current INDE drawdown is -11.76%. The current SPY drawdown is -2.57%.

RankINDESPY
#1-22.89%
Sep 23, 2024 - Mar 30, 2026		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-6.26%
Jun 3, 2024 - Jun 12, 2024		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-5.21%
Mar 1, 2024 - Apr 29, 2024		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-4.94%
Oct 17, 2023 - Oct 31, 2023		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-4.15%
Jul 16, 2024 - Aug 21, 2024		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-3.76%
May 2, 2024 - May 24, 2024		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-3.18%
Feb 7, 2024 - Feb 15, 2024		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-3.05%
Jan 12, 2024 - Jan 29, 2024		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-2.96%
Oct 31, 2023 - Nov 10, 2023		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-2.30%
Dec 19, 2023 - Jan 5, 2024		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-2.07%
May 24, 2024 - Jun 3, 2024		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-2.03%
Feb 23, 2024 - Mar 1, 2024		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-1.61%
Sep 4, 2024 - Sep 12, 2024		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-1.46%
Sep 25, 2023 - Oct 6, 2023		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-1.27%
Oct 6, 2023 - Oct 11, 2023		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between INDE and SPY is 0.41 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.41
-101

Dividend Comparison (1999 - 2026)

INDE vs SPY dividend yield comparison.

YearINDESPY
20260.00%0.50%
20251.75%1.07%
20240.56%1.21%
20230.00%1.40%
20220.00%1.65%
20210.00%1.20%
20200.00%1.52%
20190.00%1.75%
20180.00%2.04%
20170.00%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

Select Stocks to Compare

Popular: INDE vs SPY

More Comparisons

Compare with similar stocks