INDA
iShares MSCI India ETF
#10 of 10 in Emerging Markets by own-history percentile (high → low)
Relative to SPY
Relative price history
INDA ÷ SPY, 10-year range, as of Sep 18, 2026
How the reading moved
These changes re-score an older INDA÷SPY ratio against today's 10-year window, so they show whether the relative price has drifted toward the highs or lows of its own history — not a peer ranking and not a return forecast.
- About one week: -1.6 pts (from 1.7% on Aug 31, 2026 to 0.1% now)
- About one month: -2.7 pts (from 2.8% on Jul 31, 2026 to 0.1% now)
Emerging Markets
Where this sits among peers
Emerging Markets · INDA highlighted · same axes as the category chart on the home page
Top holdings
Holdings snapshot as of Jul 17, 2026.
What moves this
INDA is one of the few major emerging markets that has consistently traded at a valuation premium to the broader EM basket rather than a discount, reflecting sustained investor expectations for higher structural growth — which also means a 'high' percentile here needs to be read against India's own history, not against what would be a high percentile for a market like Brazil or Korea.
FAQ
Why does India usually trade at a premium instead of a discount like most EM markets?
Investors have generally priced in higher expected long-run growth for India than for the broader emerging-markets basket, keeping its valuation levels structurally higher over most of this fund's history.
Does that mean India's percentile should be interpreted differently than other countries'?
The methodology is identical — a percentile compares India only to its own history — but because that history sits at a persistently higher level, a given percentile here doesn't imply the same absolute valuation as the same percentile for a different market.
What makes up the Indian index?
Financials and technology/services companies make up a large share, alongside energy and consumer names, reflecting India's large and diversified domestic economy.
Emerging Markets