ETF Evaluator:
Columbia India Consumer ETF (INCO)
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(as of Jul 30)
Best Performing in India Equity Over the Last Year
| -1.1% | Matthews India Active ETF (INDE) |
| -3.2% | VanEck India Growth Ldrs ETF (GLIN) |
| -5.1% | Simplify Tara India Opportunities ETF (IOPP) |
| -7.0% | iShares MSCI India Small-Cap ETF (SMIN) |
| -7.5% | WisdomTree India Hedged Equity (INDH) |
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Risk
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ETF Details
Columbia India Consumer ETF Overview
Columbia India Consumer ETF (INCO) is a passively managed International Equity India Equity exchange-traded fund (ETF). Columbia Threadneedle launched the ETF in 2011.
The investment seeks investment results that correspond to the price and yield performance of the Indxx India Consumer Index.
The fund will invest at least 80% of its net assets in Indian consumer companies included in the index and the advisor generally expects to be substantially invested at such times, with at least 95% of its net assets invested in these securities. The index (and therefore the fund) was concentrated in the consumer discretionary and consumer staples sectors. It is non-diversified.
About Columbia India Consumer ETF (INCO)
There are 2 members of the management team with an average tenure of 7.29 years: Christopher Lo (2016) and Henry Hom (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI India NR USD index with a weighting of 100% and Indxx India Consumer TR USD index with a weighting of 100%. Columbia India Consumer ETF has 32 securities in its portfolio. The top 10 holdings constitute 48.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Columbia India Consumer ETF is part of the Equity global asset class and is within the International Equity ETF group. Columbia India Consumer ETF has 99.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 99.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Columbia India Consumer ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $225 million in total assets, which is below the $730 million average for the India Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
INCO Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Columbia India Consumer ETF expense ratio is above average compared to funds in the India Equity category. Columbia India Consumer ETF has an expense ratio of 0.75%, which is 9% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Columbia India Consumer ETF has a portfolio turnover rate of 20%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 35% for the India Equity category.
Recently, in the month of June 2026, Columbia India Consumer ETF returned 1.4%, which earned it a grade of D, as the India Equity category had an average return of 1.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Columbia India Consumer ETF has a trailing yield of 0.00%, which is below the 0.84% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Columbia India Consumer ETF Grades
Year to date, the ETF has returned -8.7%, 0.8 percentage points worse than the category, which translates into a grade of C. The fund has returned -8.5% over the past year (grade of B), 6.9% over the past three years (grade of B) and 6.8% per year over the past five years (grade of A) and 8.5% per year over the past 10 years (grade of B).
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INCO Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| INCO Return (NAV) | 1.4% | 11.5% | -8.5% | 6.9% | 6.8% | 8.5% |
| INCO Return (Price) | 1.6% | 8.5% | -8.1% | 6.8% | 6.8% | 8.5% |
| NAV +/- Price Return | -0.267% | 3.015% | -0.390% | 0.144% | 0.013% | -0.041% |
| India Equity Avg | 1.9% | 11.4% | -10.3% | 5.8% | 5.0% | 7.3% |
| INCO Grade (NAV) | D | C | B | B | A | B |
| +/- Category (NAV) | -0.5% | 0.2% | 1.8% | 1.1% | 1.8% | 1.2% |
| INCO Tax-Cost Ratio | na | na | 0.0% | 0.7% | 1.2% | 0.6% |
INCO Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| INCO Return (NAV) | -8.7% | 0.4% | 13.8% | 34.1% | -7.4% | 19.7% | 14.1% | -3.6% | -11.6% | 52.9% | 0.8% |
| INCO Return (Price) | -8.0% | 0.6% | 12.7% | 34.6% | -7.1% | 19.3% | 14.5% | -4.2% | -10.8% | 53.3% | 1.0% |
| NAV +/- Price Ret | -0.082% | 0.663% | -0.075% | 0.014% | -0.035% | -0.018% | 0.034% | 18.5% | -6.6% | 0.8% | 20.3% |
| India Equity Avg | -7.9% | 0.7% | 12.4% | 26.7% | -9.8% | 26.5% | 13.6% | -0.2% | -13.5% | 44.0% | 0.8% |
| INCO Grade (NAV) | C | D | B | B | B | F | D | D | D | B | B |
| +/- Category | -0.8% | -0.3% | 1.3% | 7.4% | 2.4% | -6.8% | 0.5% | -3.4% | 1.9% | 8.9% | -0.0% |
| Risk Measures | |
| Beta: | 0.73 |
| R-Squared: | 32% |
| Standard Deviation: | 18.2% |
| Category Risk Index: | 1.11 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.50 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 226 Mil |
| Share Class Assets: | $ 226 Mil |
| Turnover: | 20.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | Yes |
| Index Tracked: | MSCI India NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 9.8 years | |||
| Average Tenure: 7.3 years | |||
| Managers (Year): Lo Christopher (2016), Hom Henry (2021) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 32 |
| % in Top 10 Holdings: | 48.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 99.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 99.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Columbia Threadneedle |
| Phone Number: | 800-426-3750 |
| Website: | www.egshares.com |
| Inception Date: | August 10, 2011 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.69% |
