INCO
Columbia India Consumer ETF

Price: $56.01
Change: $0.65 (-0.01%)
Last Updated:

Vitals

Brand Columbia
Structure ETF
Expense Ratio 0.75%
ETF Home Page Home page
Inception Aug 10, 2011

Analyst Report

This ETF is one of the more targeted options out of several that focus on the economies of emerging markets, making it potentially useful for investors looking to fine tune exposure to this important asset class. While the precision of INCO may make it most appropriate for investors with a very specific outlook on a corner of the Indian stock market, this ETF may also be appealing as a “satellite” allocation of a longer-term portfolio.


INCO’s appeal lies in the fact that this fund offers exposure to a corner of the Indian stock market that maintains tremendous long-term potential but is often overlooked by investors and receives relatively small allocations in broad India ETFs and ETNs. Ongoing urbanization and increases in levels of wealth and discretionary income stand to benefit India’s consumer sector tremendously; a rising middle class will translate into greater expenditures on consumer goods and services. INCO focuses on this Indian consumer sector, positioning this fund to thrive as these trends play out. While the holdings are concentrated in this sector, it should be noted that INCO includes a number of different types of companies, such as car manufacturers, food and beverage companies, and hotel and leisure firms. The underlying portfolio is somewhat shallow, but relatively well balanced in order to provide an acceptable level of diversification. And while INCO is among the more expensive passive ETFs, the fees charged are reasonable considering the type of exposure offered.


Investors seeking more broad-based exposure to the Indian economy have a number of funds from which to choose, while those looking to invest more generally in the consumer sector of emerging markets may prefer ECON. That fund includes allocations to consumer companies in about a dozen different developing economies, including India.

ETF Database Themes

Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Blend
Sector (General) Consumer Discretionary
Sector (Specific) Broad
Region (General) Emerging Asia Pacific
Region (Specific) India

FactSet Classifications

  • Segment Equity: India Consumer
  • Category Sector
  • Focus Theme
  • Niche Consumer
  • Strategy Vanilla
  • Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $45.40
  • 52 Week Hi $61.65
  • AUM $93.7 M
  • Shares 1.7 M

Historical Trading Data

  • 1 Month Avg. Volume 5,664
  • 3 Month Avg. Volume 6,375

Alternative ETFs in the ETF Database Asia Pacific Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VPL 0.08% $5.6 B 770,847 -0.50%
Largest (AUM) EWT 0.59% $7.2 B 3 M 23.94%
Most Liquid (Volume) EWH 0.51% $933.2 M 4 M -2.83%
Top YTD Performer SMIN 0.81% $406.5 M 72,652 40.31%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

INCO ETF Database Category Average FactSet Segment Average
Number of Holdings 33 339 33
% of Assets in Top 10 78.71% 43.99% 78.71%
% of Assets in Top 15 89.49% 52.42% 89.49%
% of Assets in Top 50 100.01% 77.96% 100.01%

Size Comparison

INCO ETF Database Category Average FactSet Segment Average
Large (>12.9B) 54.92% 59.89% 54.92%
Mid (>2.7B) 45.08% 28.19% 45.08%
Small (>600M) 0.00% 8.63% 0.00%
Micro (<600M) 0.00% 1.28% 0.00%

INCO Valuation

This section compares the P/E ratio of this ETF to its peers.

INCO
P/E Ratio
47.59
ETF Database Category Average
P/E Ratio
19.31
FactSet Segment Average
P/E Ratio
47.59

INCO Dividend

This section compares the dividend yield of this ETF to its peers.

INCO ETF Database Category Average FactSet Segment Average
Dividend $ 0.17 $ 0.39 $ 0.17
Dividend Date 2020-12-18 N/A N/A
Annual Dividend Rate $ 0.17 $ 0.80 $ 0.17
Annual Dividend Yield 0.28% 1.80% 0.28%

INCO Price and Volume Charts

View charts featuring INCO price and volume data.

INCO Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: -8.99 M 6 Month Net Flows: -6.24 M 1 Year Net Flows: -8.84 M 3 Year Net Flows: -61.05 M 5 Year Net Flows: -25.19 M 10 Year Net Flows: 51.99 M

INCO Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for INCO on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Asia Pacific Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity C+ n/a
Expenses C n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

INCO Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

INCO
Expense Ratio
0.75%
ETF Database Category Average
Expense Ratio
0.50%
FactSet Segment Average
Expense Ratio
0.75%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores

INCO does not have an ESG score. There are no ESG themes that map to this ETF.

INCO Performance

This section shows how this ETF has performed relative to its peers.

INCO ETF Database
Category Average
Factset Segment
Average
1 Month Return -4.87% -3.96% -4.87%
3 Month Return -2.14% -5.42% -2.14%
YTD Return 16.23% 2.81% 16.23%
1 Year Return 21.13% 6.95% 21.13%
3 Year Return 29.30% 25.55% 29.30%
5 Year Return 76.01% 36.39% 76.01%

Geographic Exposure

The following charts reflect the geographic spread of INCO's underlying holdings.

Region Percentage
Asia Pacific 59.29%
Other 40.28%
North, Central and South America 0.43%
Country Percentage
India 59.29%
Other 40.71%

Holdings Analysis

The following charts reflect the allocation of INCO's underlying holdings.

Sector Percentage
Other 40.28%
Consumer Durables 25.68%
Consumer Non-Durables 13.75%
Producer Manufacturing 10.12%
Retail Trade 6.57%
Consumer Services 3.17%
Miscellaneous 0.43%
CASH 0.0%
Market Cap Percentage
Large 54.92%
Mid 45.08%
Small 0.0%
Micro 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 59.29%
Other 40.28%
Open-ended Fund 0.43%
CASH 0.0%
Sector Percentage
Other 40.28%
Consumer Durables 25.68%
Consumer Non-Durables 13.75%
Producer Manufacturing 10.12%
Retail Trade 6.57%
Consumer Services 3.17%
Miscellaneous 0.43%
CASH 0.0%

INCO Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
87.21%
Rank
24 of 50

20 Day Volatility
22.03%
Rank
8 of 50

50 Day Volatility
19.89%
Rank
7 of 50

200 Day Volatility
16.64%
Rank
21 of 50

Beta
0.6
Rank
44 of 50

Standard Deviation
3.72%
Rank
12 of 49

Technicals

  • 20 Day MA $58.46
  • 60 Day MA $58.46
  • MACD 15 Period -1.93
  • MACD 100 Period -0.89
  • Williams % Range 10 Day 80.88
  • Williams % Range 20 Day 85.14
  • RSI 10 Day 36
  • RSI 20 Day 41
  • RSI 30 Day 44
  • Ultimate Oscillator 29

Bollinger Bands

  • Lower Bollinger (10 Day) $54.36
  • Upper Bollinger (10 Day) $59.48
  • Lower Bollinger (20 Day) $54.82
  • Upper Bollinger (20 Day) $62.19
  • Lower Bollinger (30 Day) $55.35
  • Upper Bollinger (30 Day) $61.52

Support & Resistance

  • Support Level 1 $55.86
  • Support Level 2 $55.70
  • Resistance Level 1 $56.26
  • Resistance Level 2 $56.50

Stochastic

  • Stochastic Oscillator %D (1 Day) 30.96
  • Stochastic Oscillator %D (5 Day) 42.82
  • Stochastic Oscillator %K (1 Day) 32.68
  • Stochastic Oscillator %K (5 Day) 31.48

Tradability

  • Tracking Difference Median (%) -4.67
  • Tracking Difference Max Upside (%) -1.99
  • Tracking Difference Max Downside (%) -7.10
  • Median Premium Discount (%) -0.08
  • Maximum Premium Discount (%) 1.56
  • Average Spread (%) 11.21
  • Average Spread ($) 11.21

Financial Advisor Report

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Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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