- ISIN
- US46429B5984
- CUSIP
- 46429B598
- Issuer
- iShares
- Inception Date
- Feb 2, 2012
- Region
- Emerging Asia Pacific (India)
- Category
- Asia Pacific Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI India Index
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $7B
Share Price Chart
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Performance
INDA Performance Chart
iShares MSCI India ETF (INDA) is down 9.2% since the beginning of the year. INDA is currently trading at $49 per share. Investors who bought $1,000 worth of INDA shares 5 years ago would now be looking at an investment worth $1,185.
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Returns By Period
iShares MSCI India ETF (INDA) has returned -9.21% so far this year and -9.65% over the past 12 months. Over the last ten years, INDA has returned 7.42% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
iShares MSCI India ETF
- 1D
- -1.70%
- 1M
- 1.41%
- YTD
- -9.21%
- 6M
- -9.91%
- 1Y
- -9.65%
- 3Y*
- 5.09%
- 5Y*
- 3.46%
- 10Y*
- 7.42%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
INDA Monthly Returns History
Based on dividend-adjusted daily data since Feb 3, 2012, INDA's average daily return is +0.03%, while the average monthly return is +0.58%. At this rate, an investment would double in approximately 10.0 years.
Historically, 58% of months were positive and 42% were negative. The best month was Sep 2012 with a return of +13.4%, while the worst month was Mar 2020 at -25.1%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, INDA closed higher 51% of trading days. The best single day was Mar 13, 2020 with a return of +12.7%, while the worst single day was Mar 16, 2020 at -15.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.27% | 1.02% | -10.39% | 5.51% | -1.74% | 1.05% | -9.21% | ||||||
| 2025 | -3.13% | -5.67% | 7.03% | 4.06% | 1.38% | 2.52% | -5.46% | -1.25% | 0.15% | 3.67% | 1.37% | -1.21% | 2.68% |
| 2024 | 2.21% | 2.55% | 0.84% | 1.47% | 1.26% | 5.23% | 2.94% | 0.52% | 1.40% | -6.34% | -0.07% | -3.21% | 8.63% |
| 2023 | -1.80% | -5.34% | 1.44% | 4.47% | 1.41% | 5.00% | 2.43% | -1.76% | 0.57% | -2.22% | 6.43% | 6.06% | 17.16% |
| 2022 | 0.07% | -4.62% | 1.87% | -2.09% | -5.06% | -4.97% | 8.39% | 0.81% | -5.21% | 3.48% | 4.83% | -5.65% | -8.94% |
| 2021 | -2.69% | 4.83% | 2.80% | -2.75% | 7.95% | 0.02% | 0.99% | 8.75% | 0.19% | 0.31% | -2.70% | 2.62% | 21.36% |
Benchmark Metrics
iShares MSCI India ETF has an annualized alpha of -2.96%, beta of 0.80, and R2 of 0.37 versus S&P 500 Index. Calculated based on daily prices since February 03, 2012.
- This ETF participated in 88.56% of S&P 500 Index downside but only 62.25% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.37 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -2.96%
- Beta
- 0.80
- R²
- 0.37
- Upside Capture
- 62.25%
- Downside Capture
- 88.56%
Expense Ratio
INDA has an expense ratio of 0.69%, placing it in the medium range.
Return for Risk
Risk / Return Rank
INDA ranks 4 for risk / return — in the bottom 4% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI India ETF (INDA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| INDA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.32 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.46 | -2.97 |
| Martin ratioReturn relative to average drawdown | -1.17 | 10.92 | -12.09 |
Dividends
Dividend History
iShares MSCI India ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.40 | $0.08 | $0.00 | $2.95 | $0.11 | $0.35 | $0.31 | $0.39 | $0.24 | $0.33 |
Dividend yield | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI India ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.91 | $2.95 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI India ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares MSCI India ETF was 45.07%, occurring on Mar 23, 2020. Recovery took 172 trading sessions.
The current iShares MSCI India ETF drawdown is 16.51%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -45.07%Mar 2020 | 2y 1mo | 8mo 6d | 2y 10moJan 2018 - Nov 2020 |
2013 bear market2013 | -29.61%Aug 2013 | 6mo 25d | 8mo 17d | 1y 3moFeb 2013 - May 2014 |
2016 bear market2016 | -28.72%Feb 2016 | 11mo 14d | 1y 3mo | 2y 3moMar 2015 - Jun 2017 |
2012 bear market2012 | -26.46%May 2012 | 3mo 1d | 8mo | 11mo 1dFeb 2012 - Jan 2013 |
2026 bear market2026 | -22.72%Mar 2026 | 1y 6mo | — | 1y 9moSep 2024 - now |
Drawdown Indicators
| INDA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.07% | -56.78% | +11.71% |
Max Drawdown (1Y)Largest decline over 1 year | -18.69% | -9.10% | -9.59% |
Max Drawdown (3Y)Largest decline over 3 years | -22.72% | -18.90% | -3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -22.72% | -25.43% | +2.71% |
Max Drawdown (10Y)Largest decline over 10 years | -45.07% | -33.92% | -11.15% |
Current DrawdownCurrent decline from peak | -16.51% | -3.21% | -13.30% |
Average DrawdownAverage peak-to-trough decline | -9.60% | -10.71% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.28% | 2.04% | +6.24% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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