INQQ
India Internet & Ecommerce ETF
INQQ tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 43.2 M
ASSETS UNDER MGMT
86 bp
EXPENSES
Fund Basics
| Inception date | Apr 06, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| RELIANCE INDS-SPONS GDR 144A | 30.3 % |
| BILLIONBRAINS GARAGE VENTURES LTD | 8.4 % |
| BAJAJ FINANCE LTD | 7.6 % |
| PB FINTECH LIMITED | 6.9 % |
| ZOMATO LTD. | 6.5 % |
| LENSKART SOLUTIONS LTD | 6.4 % |
| JIO FINANCIAL SERVICES LTD | 5.9 % |
| FSN E-COMMERCE VENTURES LTD. | 4.9 % |
| ONE 97 COMMUNICATIONS LTD | 4.2 % |
| MAKEMYTRIP LTD | 4.0 % |
Constituent Breakdown
| Number of holdings | 32 |
| Herfindahl-Hirschman Index | 1,373 |
| Wgt avg mkt cap (mns) | $199,772 |
| Large cap (>$10bn) | 32.6% |
| Mid cap ($2-10bn) | 23.1% |
| Small cap (<$2bn) | 5.2% |
| Developed mkts. | 0.8% |
| Emerging mkts. | 64.7% |
Sector Breakdown
Country Exposure
 |
INDIA | 64.7 % |
 |
SWEDEN | 0.8 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -16.3% | -23.0% | -6.9% | 3.7% | -- | -- | -- | -6.1% |
| Dividend Yield | 0.0% | 1.7% | 1.6% | 1.2% | -- | -- | -- | 0.8% |
| Total Returns | -16.3% | -21.3% | -5.3% | 4.8% | -- | -- | -- | -5.4% | Ann. Volatility | 22.0% | 17.6% | 20.4% | 19.2% | -- | -- | -- | 20.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.63 | 18% |
| MSCI EAFE | 0.60 | 26% |
| MSCI Emg Mkts | 0.46 | 27% |
Liquidity Measures
| Avg. volume (000) | 28 |
| ADV traded (mns) | $0 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.70% |
Technical Indicators
| 30d moving avg. (EMA) | $12.39 |
| Relative strength (RSI) | 46 |
| MACD/Signal | -0.10/-0.11 |
| Bollinger Bands (Upper/Lower) | $13.04/$11.71 |
| Short interest (% of AUM) | 2.5% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. INQQ |
Expenses vs. INQQ |
ALTAR Score™ vs. INQQ |
|---|---|---|---|---|
| FMQQ | FMQQ The Next Frontier Internet & Ecommerce ETF | 45.2% | 0 bp | +0.1% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 34.8% | 0 bp | +13.8% |
| EPI | WisdomTree India Earnings Fund | 26.5% | -1 bp | +4.3% |
| DGIN | VanEck Digital India ETF | 25.0% | -15 bp | +1.2% |
| FLIN | Franklin FTSE India ETF | 24.3% | -67 bp | +3.4% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 10.4% | -54 bp | +6.0% |
Risk and Returns: INQQ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
1.2%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 217 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.3% and a standard deviation
of 2.2%. INQQ's ALTAR Score™ is approximately -2.7 standard
deviations above the category average. This places INQQ in the 1st percentile
among funds in the category.
Sell-Side Consensus
$15.51
PRICE TARGET
+27.0%
UPSIDE
Bid/Ask Spreads
70 bp
AVG SPREAD
24 —
145 bp
RANGE