ISMF vs NDIA
Comparison between iShares Managed Futures Active ETF (ISMF, ETF) and GLOBAL X INDIA ACTIVE ETF (NDIA, ETF).
ISMF vs NDIA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ISMF
$60M
Winner
NDIA
$60M
Expense Ratio
ISMF
0.80%
Winner
NDIA
0.75%
Max Drawdown
Winner
ISMF
6.12%
NDIA
25.61%
Sharpe Ratio
Winner
ISMF
1.89
NDIA
-0.88
5Y Beta
Winner
ISMF
0.16
NDIA
0.53
ISMF vs NDIA - Holdings Comparison
ISMF and NDIA have 1 common holdings. Overlap is -30.21%
ISMF's top 25 holdings weight is 231.47%. NDIA's top 25 holdings weight is 91.08%.
| Rank | ISMF | NDIA |
|---|---|---|
| #1 | CAD/USD PURCHASED (n/a) - 30.21% | ICICI BANK LTD ADR (IBN) - 8.15% |
| #2 | EUR/USD PURCHASED (n/a) - 26.07% | HDFC BANK LTD (n/a) - 8.14% |
| #3 | NOK/EUR PURCHASED (n/a) - 24.95% | RELIANCE INDUSTRIES LTD GDR 144A (RLNIY) - 6.96% |
| #4 | NZD/USD PURCHASED (n/a) - 23.68% | BHARTI AIRTEL LTD (n/a) - 6.05% |
| #5 | JPY/USD PURCHASED (n/a) - 20.49% | AXIS BANK LTD (n/a) - 5.65% |
| #6 | INR/USD PURCHASED (n/a) - 19.52% | LARSEN & TOUBRO LTD (n/a) - 4.16% |
| #7 | MXN/USD PURCHASED (n/a) - 14.97% | APOLLO HOSPITALS ENTERPRISE LTD (n/a) - 4.14% |
| #8 | AUD/USD PURCHASED (n/a) - 14.74% | ULTRATECH CEMENT LTD (n/a) - 3.98% |
| #9 | BRL/USD PURCHASED (n/a) - 14.26% | TITAN CO LTD (n/a) - 3.62% |
| #10 | GBP/USD PURCHASED (n/a) - 12.71% | UNITED SPIRITS LTD (n/a) - 3.55% |
| #11 | ZAR/USD PURCHASED (n/a) - 9.66% | INFOSYS LTD ADR (INFY) - 3.40% |
| #12 | SEK/EUR PURCHASED (n/a) - 8.02% | NTPC LTD (n/a) - 3.07% |
| #13 | TWD/USD PURCHASED (n/a) - 4.86% | PRESTIGE ESTATES PROJECTS LTD (n/a) - 2.93% |
| #14 | CHF/EUR PURCHASED (n/a) - 3.65% | TATA CONSULTANCY SERVICES LTD (n/a) - 2.84% |
| #15 | CASH OFFSET (n/a) - 1.49% | STEEL AUTHORITY OF INDIA LTD (n/a) - 2.51% |
| #16 | BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.85% | SBI LIFE INSURANCE CO LTD (n/a) - 2.48% |
| #17 | CAD CASH (n/a) - 0.34% | AVENUE SUPERMARTS LTD (n/a) - 2.35% |
| #18 | AUD CASH (n/a) - 0.29% | THE FEDERAL BANK LTD (n/a) - 2.34% |
| #19 | GBP CASH (n/a) - 0.27% | INTERGLOBE AVIATION LTD (n/a) - 2.29% |
| #20 | EUR CASH (n/a) - 0.26% | ETERNAL LTD (n/a) - 2.29% |
| #21 | JPY CASH (n/a) - 0.11% | SHRIRAM FINANCE LTD (n/a) - 2.20% |
| #22 | USD CASH (n/a) - 0.05% | EICHER MOTORS LTD (n/a) - 2.03% |
| #23 | ETD USD BALANCE WITH R93533 (n/a) - 0.02% | BHARAT PETROLEUM CORP LTD (n/a) - 2.02% |
| #24 | CAC 40 INDEX FUTURE JULY 26 (n/a) - 0.00% | HINDUSTAN AERONAUTICS LTD ORDINARY SHARES (n/a) - 1.99% |
| #25 | SPI 200 SEP 26 (n/a) - 0.00% | MARUTI SUZUKI INDIA LTD (n/a) - 1.94% |
| Total Holdings | 56 | 32 |
ISMF vs NDIA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
ISMF
+1.10%
NDIA
-1.34%
3M
Winner
ISMF
+1.39%
NDIA
-3.75%
6M
Winner
ISMF
+2.17%
NDIA
-6.61%
1Y
Winner
ISMF
+20.06%
NDIA
-11.51%
Max(CAGR)
Winner
ISMF
+14.33%
NDIA
+3.73%
ISMF vs NDIA - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | ISMF | NDIA |
|---|---|---|
| 2026 | +6.56% | -11.56% |
| 2025 | +11.54% | +3.11% |
| 2024 | N/A | +6.35% |
| 2023 | N/A | +12.71% |
ISMF vs NDIA Drawdown Comparison
The maximum drawdown for ISMF was -4.23%, occurring on May 6, 2025. Recovery took 95 trading sessions.
The maximum drawdown for NDIA was -22.04%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The current ISMF drawdown is -0.73%. The current NDIA drawdown is -17.56%.
| Rank | ISMF | NDIA |
|---|---|---|
| #1 | -4.23% Apr 1, 2025 - Aug 18, 2025 | -22.04% Sep 23, 2024 - Mar 30, 2026 |
| #2 | -3.94% Feb 26, 2026 - Apr 13, 2026 | -5.85% Sep 14, 2023 - Nov 28, 2023 |
| #3 | -3.13% Jan 29, 2026 - Feb 26, 2026 | -5.35% Jun 3, 2024 - Jun 12, 2024 |
| #4 | -2.49% Jun 3, 2026 - Jul 2, 2026 | -4.54% Jul 31, 2024 - Aug 30, 2024 |
| #5 | -2.17% Oct 8, 2025 - Oct 15, 2025 | -3.96% Mar 7, 2024 - May 23, 2024 |
| #6 | -1.91% Nov 12, 2025 - Dec 16, 2025 | -2.87% Dec 19, 2023 - Dec 27, 2023 |
| #7 | -1.69% Oct 20, 2025 - Nov 10, 2025 | -2.62% Jan 12, 2024 - Jan 29, 2024 |
| #8 | -1.05% May 13, 2026 - Jun 3, 2026 | -2.12% May 24, 2024 - Jun 3, 2024 |
| #9 | -0.80% Jan 15, 2026 - Jan 22, 2026 | -1.97% Feb 6, 2024 - Feb 16, 2024 |
| #10 | -0.72% Apr 13, 2026 - Apr 24, 2026 | -1.81% Sep 4, 2024 - Sep 12, 2024 |
| #11 | -0.71% Dec 16, 2025 - Dec 18, 2025 | -1.65% Jul 16, 2024 - Jul 26, 2024 |
| #12 | -0.62% Jan 6, 2026 - Jan 12, 2026 | -1.29% Jan 29, 2024 - Feb 6, 2024 |
| #13 | -0.49% Dec 30, 2025 - Jan 2, 2026 | -1.23% Feb 23, 2024 - Mar 1, 2024 |
| #14 | -0.45% Apr 24, 2026 - Apr 30, 2026 | -1.20% Dec 28, 2023 - Jan 5, 2024 |
| #15 | -0.40% Mar 17, 2025 - Mar 25, 2025 | -1.11% Aug 23, 2023 - Sep 5, 2023 |
Correlation
Correlation between ISMF and NDIA is -0.61 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
-0.61
-101
Dividend Comparison (2023 - 2025)
ISMF vs NDIA dividend yield comparison.
| Year | ISMF | NDIA |
|---|---|---|
| 2025 | 6.23% | 1.10% |
| 2024 | 0.00% | 3.66% |
| 2023 | 0.00% | 0.28% |
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