SMIN vs FEM

Comparison between ISHARES MSCI INDIA SMALL-CAP ETF (SMIN, ETF) and FIRST TRUST EMERGING MARKETS ALPHADEX FUND (FEM, ETF).

5-Year PerformanceFEM has outperformed SMIN, delivering a return of +9.3% compared to +7.4%

SMIN vs FEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMIN(ETF)	FEM(ETF)
Net Assets	$757M	$749M
Expense Ratio	0.74%	0.80%
Max Drawdown	61.74%	49.78%
Sharpe Ratio	-0.22	1.16
5Y Beta	0.55	0.70
5Y Dividends CAGR	50.29%	1.78%

Net Assets

Winner

SMIN

$757M

FEM

$749M

Expense Ratio

Winner

SMIN

0.74%

FEM

0.80%

Max Drawdown

SMIN

61.74%

Winner

FEM

49.78%

Sharpe Ratio

SMIN

-0.22

Winner

FEM

1.16

5Y Beta

Winner

SMIN

0.55

FEM

0.70

5Y Dividends CAGR

Winner

SMIN

50.29%

FEM

1.78%

SMIN vs FEM - Historical Returns

Returns include dividend reinvestment.

Period	SMIN	FEM
1 month	+3.24%	+4.75%
3 months	+8.01%	+2.92%
6 months	+4.75%	+6.77%
1 year	-1.75%	+28.83%
5 years(CAGR)	+7.42%	+9.33%
10 years(CAGR)	+9.28%	+8.52%
Max(CAGR)	+8.95%	+4.03%

SMIN

+3.24%

Winner

FEM

+4.75%

Winner

SMIN

+8.01%

FEM

+2.92%

SMIN

+4.75%

Winner

FEM

+6.77%

SMIN

-1.75%

Winner

FEM

+28.83%

5Y(CAGR)

SMIN

+7.42%

Winner

FEM

+9.33%

10Y(CAGR)

Winner

SMIN

+9.28%

FEM

+8.52%

Max(CAGR)

Winner

SMIN

+8.95%

FEM

+4.03%

SMIN vs FEM - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	SMIN	FEM
2026	+2.44%	+19.02%
2025	-7.27%	+28.57%
2024	+16.26%	+3.92%
2023	+34.13%	+10.62%
2022	-15.79%	-15.44%
2021	+42.02%	+5.51%
2020	+16.25%	-3.18%
2019	-5.00%	+20.62%
2018	-26.02%	-16.98%
2017	+59.40%	+39.11%
2016	+0.34%	+18.71%
2015	-1.49%	-13.48%
2014	+57.98%	-8.74%
2013	-15.72%	-5.37%
2012	+1.32%	+18.21%
2011	N/A	-23.58%

SMIN vs FEM Drawdown Comparison

The maximum drawdown for SMIN was -60.49%, occurring on Mar 23, 2020. Recovery took 848 trading sessions.

The maximum drawdown for FEM was -46.21%, occurring on Mar 18, 2020. Recovery took 825 trading sessions.

The current SMIN drawdown is -10.23%. The current FEM drawdown is -1.93%.

Rank	SMIN	FEM
#1	-60.49% Jan 12, 2018 - May 27, 2021	-46.21% Jan 26, 2018 - May 7, 2021
#2	-44.17% Feb 21, 2012 - May 16, 2014	-41.78% Apr 27, 2011 - Aug 24, 2017
#3	-30.86% Apr 10, 2015 - Sep 22, 2016	-31.71% Sep 13, 2021 - May 17, 2024
#4	-27.54% Sep 23, 2024 - Mar 30, 2026	-18.82% May 17, 2024 - Jun 11, 2025
#5	-24.80% Jan 12, 2022 - Aug 31, 2023	-10.88% May 11, 2026 - Jul 29, 2026
#6	-16.80% Oct 24, 2016 - Feb 8, 2017	-9.31% Feb 25, 2026 - Apr 9, 2026
#7	-11.50% Dec 3, 2014 - Jan 16, 2015	-8.61% Jun 2, 2021 - Sep 7, 2021
#8	-10.57% Feb 7, 2024 - Apr 23, 2024	-7.06% Oct 5, 2017 - Jan 2, 2018
#9	-10.37% Oct 18, 2021 - Jan 11, 2022	-4.85% Nov 12, 2025 - Dec 23, 2025
#10	-10.06% Jul 8, 2014 - Sep 5, 2014	-4.67% Sep 20, 2017 - Oct 5, 2017
#11	-9.99% Sep 11, 2014 - Nov 6, 2014	-4.66% Jan 28, 2026 - Feb 11, 2026
#12	-8.88% May 16, 2017 - Jul 14, 2017	-4.53% Sep 22, 2025 - Nov 3, 2025
#13	-8.70% Aug 7, 2017 - Sep 6, 2017	-4.32% May 7, 2021 - Jun 1, 2021
#14	-8.59% Sep 19, 2017 - Oct 24, 2017	-3.00% Jun 12, 2025 - Jun 26, 2025
#15	-7.05% Jun 9, 2014 - Jul 2, 2014	-2.79% Jul 24, 2025 - Aug 6, 2025

Correlation

Correlation between SMIN and FEM is 0.80 which considered as a strong positive correlation - the stocks tend to move together.

0.80

-101

Dividend Comparison (2011 - 2026)

SMIN vs FEM dividend yield comparison.

Year	SMIN	FEM
2026	0.00%	0.68%
2025	2.01%	3.13%
2024	6.84%	3.66%
2023	0.41%	4.96%
2022	0.01%	6.15%
2021	1.27%	4.15%
2020	1.06%	2.68%
2019	1.75%	3.31%
2018	1.68%	3.52%
2017	0.89%	2.45%
2016	2.30%	2.25%
2015	0.93%	3.61%
2014	0.34%	2.85%
2013	0.75%	2.62%
2012	1.08%	2.21%
2011	0.00%	0.92%