INDE vs IVV
Matthews India Active ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | INDE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $18M | $865.2B | |
| Dividend Yield | 1.81% | 1.09% | |
| Holdings | 70 | 508 | |
| YTD Return | -0.23% | +13.80% | |
| 1Y Return | +5.03% | +23.01% | |
| 3Y Return (annualized) | +7.48% | +21.77% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 13.8% | 15.1% | |
| Max Drawdown | -22.9% | -56.5% | |
| Fund Family | Matthews Asia Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 21, 2023 | May 15, 2000 |
INDE vs IVV Performance
Matthews India Active ETF (INDE) is a ETF from Matthews Asia Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year INDE returned +5.03% while IVV returned +23.01%. Year to date, INDE is down 0.23% versus a gain of 13.80% for IVV.
Over three years, INDE compounded at +7.48% per year against +21.77% for IVV. Across the full 3-year window we track, INDE has the edge at +7.48% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.8% for INDE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.9% for INDE and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INDE charges 0.79% per year while IVV charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, INDE currently yields 1.81% against 1.09% for IVV.
Holdings Overlap
INDE and IVV share 0 holdings out of 569 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, INDE or IVV?
INDE has an expense ratio of 0.79% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, INDE or IVV?
Over the past year INDE returned +5.03% vs +23.01% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), INDE annualized +7.48% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, INDE or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.8% for INDE. Worst drawdown: INDE -22.9% vs IVV -56.5%.
Should I hold both INDE and IVV?
INDE and IVV have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INDE and IVV?
INDE and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 569 unique securities.
Which pays a higher dividend, INDE or IVV?
INDE yields 1.81% while IVV yields 1.09%, so INDE currently pays the higher dividend yield.
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