SMIN Performance — iShares MSCI India Small-Cap ETF
Data updated: 2026-07-27
SMIN returned −4.08% year to date and −7.75% over one year to May 2026. Annualised returns are +10.57% over 3 years and +7.28% over 5 years. The fund beat its India Equity category average: $100 invested three years ago grew to $135, against $123 for the category, and to $92 over one year, against $90. Volatility over the past three years was 19.16% a year. In the 12 months to May 2026 the fund lost a net $167.0M, and assets reached $638.73M.
SMIN Growth of $100
What $100 invested in iShares MSCI India Small-Cap ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the India Equity category average over the same months.
| Period | SMIN | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $92 | $90 |
| 3 years (Jun 2023 – May 2026) | $135 | $123 |
| 5 years (Jun 2021 – May 2026) | $142 | $120 |
| Since data start (Sep 2019 – May 2026) | $229 | $170 |
SMIN Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −4.08% |
| 1 year | −7.75% |
| 3 years (annualised) | +10.57% |
| 5 years (annualised) | +7.28% |
SMIN Annual Returns
Calendar-year total returns of iShares MSCI India Small-Cap ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | −4.08% |
| 2025 | −6.81% |
| 2024 | +17.32% |
| 2023 | +34.79% |
| 2022 | −13.98% |
| 2021 | +44.69% |
| 2020 | +19.08% |
| 2019 (Sep–Dec) | +9.39% |
SMIN Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −6.0% | +1.2% | −12.3% | +13.5% | +1.3% | — | — | — | — | — | — | — |
| 2025 | −8.7% | −11.3% | +9.7% | +2.2% | +6.7% | +3.4% | −4.3% | −2.4% | +0.1% | +2.6% | −1.9% | −1.2% |
| 2024 | +5.1% | −1.0% | −3.4% | +6.9% | +0.2% | +7.7% | +3.5% | +0.7% | +1.9% | −3.2% | −0.1% | −1.4% |
| 2023 | 0.0% | −3.4% | −0.5% | +5.5% | +3.2% | +6.5% | +5.2% | +3.4% | +0.5% | −1.9% | +7.7% | +4.8% |
| 2022 | −1.0% | −8.2% | +2.9% | −0.9% | −6.8% | −6.2% | +7.8% | +2.8% | −2.1% | −0.9% | +3.3% | −4.6% |
| 2021 | +0.7% | +10.7% | +2.9% | +0.3% | +7.6% | +3.6% | +4.6% | +1.8% | +3.8% | −0.5% | −1.6% | +4.1% |
| 2020 | +5.7% | −6.8% | −34.4% | +15.3% | −2.4% | +13.2% | +7.1% | +10.1% | +2.9% | −0.7% | +12.7% | +6.7% |
| 2019 | — | — | — | — | — | — | — | — | +4.4% | +3.8% | +0.9% | +0.1% |
SMIN Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 19.16%
- 3-year Sharpe ratio: 0.32 (vs 4.5% risk-free rate)
- Best month: +13.45% (Apr 2026)
- Worst month: −12.28% (Mar 2026)
SMIN Fund Flows
Monthly money in and out of iShares MSCI India Small-Cap ETF, from SEC Form N-PORT.
- 12-month net flow: −$167.0M
- 12-month gross sales (incl. reinvestments): $102.6M
- Sales ÷ redemptions: 0.38×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $6.7M | $0 | $6.7M |
| Apr 2026 | $0 | $12.3M | −$12.3M |
| Mar 2026 | $0 | $39.8M | −$39.8M |
| Feb 2026 | $20.4M | $0 | $20.4M |
| Jan 2026 | $0 | $33.5M | −$33.5M |
| Dec 2025 | $3.4M | $77.2M | −$73.8M |
| Nov 2025 | $0 | $40.4M | −$40.4M |
| Oct 2025 | $0 | $29.7M | −$29.7M |
| Sep 2025 | $0 | $3.6M | −$3.6M |
| Aug 2025 | $29.7M | $25.6M | $4.1M |
| Jul 2025 | $27.2M | $7.5M | $19.7M |
| Jun 2025 | $15.3M | $0 | $15.3M |
SMIN Assets Under Management
Net assets of iShares MSCI India Small-Cap ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $638.73M |
| 2026-02-28 | $683.41M |
| 2025-11-30 | $832.51M |
| 2025-08-31 | $898.09M |
| 2025-05-31 | $892.64M |
| 2025-02-28 | $544.30M |
| 2024-11-30 | $929.87M |
| 2024-08-31 | $995.04M |
| 2024-05-31 | $901.46M |
| 2024-02-29 | $845.56M |
| 2023-11-30 | $504.45M |
| 2023-08-31 | $415.08M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.