SMIN vs SPY
Comparison between ISHARES MSCI INDIA SMALL-CAP ETF (SMIN, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed SMIN, delivering a return of +13.3% compared to +6.2%
SMIN vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SMIN vs SPY - Historical Returns
Returns include dividend reinvestment.
SMIN vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | SMIN | SPY |
|---|---|---|
| 2026 | -5.47% | +8.26% |
| 2025 | -7.27% | +18.00% |
| 2024 | +16.26% | +25.59% |
| 2023 | +34.13% | +26.72% |
| 2022 | -15.79% | -18.64% |
| 2021 | +42.02% | +30.52% |
| 2020 | +16.25% | +17.28% |
| 2019 | -5.00% | +31.09% |
| 2018 | -26.02% | -5.24% |
| 2017 | +59.40% | +20.78% |
| 2016 | +0.34% | +13.59% |
| 2015 | -1.49% | +1.31% |
| 2014 | +57.98% | +14.56% |
| 2013 | -15.72% | +29.00% |
| 2012 | +1.32% | +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% |
SMIN vs SPY Drawdown Comparison
The maximum drawdown for SMIN was -60.49%, occurring on Mar 23, 2020. Recovery took 848 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current SMIN drawdown is -17.16%. The current SPY drawdown is -2.90%.
| Rank | SMIN | SPY |
|---|---|---|
| #1 | -60.49% Jan 12, 2018 - May 27, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -44.17% Feb 21, 2012 - May 16, 2014 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -30.86% Apr 10, 2015 - Sep 22, 2016 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -27.54% Sep 23, 2024 - Mar 30, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -24.80% Jan 12, 2022 - Aug 31, 2023 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -16.80% Oct 24, 2016 - Feb 8, 2017 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -11.50% Dec 3, 2014 - Jan 16, 2015 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -10.57% Feb 7, 2024 - Apr 23, 2024 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -10.37% Oct 18, 2021 - Jan 11, 2022 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.06% Jul 8, 2014 - Sep 5, 2014 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.99% Sep 11, 2014 - Nov 6, 2014 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.88% May 16, 2017 - Jul 14, 2017 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.70% Aug 7, 2017 - Sep 6, 2017 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -8.59% Sep 19, 2017 - Oct 24, 2017 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.05% Jun 9, 2014 - Jul 2, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between SMIN and SPY is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
SMIN vs SPY dividend yield comparison.
| Year | SMIN | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 2.01% | 1.07% |
| 2024 | 6.84% | 1.21% |
| 2023 | 0.41% | 1.40% |
| 2022 | 0.01% | 1.65% |
| 2021 | 1.27% | 1.20% |
| 2020 | 1.06% | 1.52% |
| 2019 | 1.75% | 1.75% |
| 2018 | 1.68% | 2.04% |
| 2017 | 0.89% | 1.80% |
| 2016 | 2.30% | 2.03% |
| 2015 | 0.93% | 2.06% |
| 2014 | 0.34% | 1.87% |
| 2013 | 0.75% | 1.81% |
| 2012 | 1.08% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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