- ISIN
- ID1000110901
- CUSIP
- 464289529
- Issuer
- iShares
- Inception Date
- Nov 18, 2009
- Region
- Emerging Asia Pacific (India)
- Category
- Asia Pacific Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P CNX Nifty Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mega-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $560M
Share Price Chart
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Performance
INDY Performance Chart
iShares India 50 ETF (INDY) is down 15.4% since the beginning of the year. INDY is currently trading at $42 per share. Investors who bought $1,000 worth of INDY shares 5 years ago would now be looking at an investment worth $1,058.
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Returns By Period
iShares India 50 ETF (INDY) has returned -15.42% so far this year and -15.02% over the past 12 months.
iShares India 50 ETF
- 1D
- -1.37%
- 1M
- -5.49%
- YTD
- -15.42%
- 6M
- -15.04%
- 1Y
- -15.02%
- 3Y*
- 1.44%
- 5Y*
- 1.14%
- 10Y*
- 6.05%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INDY Monthly Returns History
Based on dividend-adjusted daily data since Nov 20, 2009, INDY's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.
Historically, 56% of months were positive and 44% were negative. The best month was Jan 2012 with a return of +21.2%, while the worst month was Mar 2020 at -27.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, INDY closed higher 52% of trading days. The best single day was May 10, 2010 with a return of +13.5%, while the worst single day was Mar 18, 2020 at -11.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.48% | 0.23% | -10.49% | 3.48% | -2.31% | -2.37% | -15.42% | ||||||
| 2025 | -1.63% | -4.88% | 6.73% | 4.23% | 0.83% | 1.91% | -5.00% | -1.47% | -0.00% | 4.09% | 1.49% | -0.75% | 4.97% |
| 2024 | 0.26% | 1.34% | 0.80% | 0.28% | 1.05% | 5.07% | 2.27% | 0.60% | 1.97% | -5.38% | -0.64% | -3.80% | 3.47% |
| 2023 | -0.07% | -3.22% | 0.46% | 3.89% | 0.63% | 4.97% | 2.33% | -2.34% | 0.40% | -2.48% | 5.20% | 6.49% | 16.88% |
| 2022 | 1.12% | -5.25% | 1.83% | -3.01% | -3.84% | -4.69% | 7.77% | 0.18% | -4.72% | 3.58% | 6.18% | -5.53% | -7.31% |
| 2021 | -1.79% | 5.16% | 2.37% | -3.12% | 7.80% | -0.24% | 0.21% | 9.37% | 0.70% | 0.17% | -4.06% | 2.21% | 19.43% |
Benchmark Metrics
iShares India 50 ETF has an annualized alpha of -25.85%, beta of 0.61, and R2 of 0.28 versus S&P 500 Index. Calculated based on daily prices since November 23, 2009.
- This ETF participated in 148.11% of S&P 500 Index downside but only -9.37% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.61 may look defensive, but with R2 of 0.28 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.28 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -25.85%
- Beta
- 0.61
- R²
- 0.28
- Upside Capture
- -9.37%
- Downside Capture
- 148.11%
Expense Ratio
INDY has a high expense ratio of 0.94%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
INDY ranks 1 for risk / return — in the bottom 1% 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 India 50 ETF (INDY) and compare them to S&P 500 Index.
| INDY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.83 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | — | — |
| Martin ratioReturn relative to average drawdown | -1.79 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
iShares India 50 ETF provided a 9.58% dividend yield over the last twelve months, with an annual payout of $4.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.00 | $4.00 | $0.12 | $0.19 | $1.59 | $3.37 | $0.03 | $0.23 | $0.19 | $0.10 | $0.13 | $0.16 |
Dividend yield | 9.58% | 8.11% | 0.24% | 0.38% | 3.75% | 7.12% | 0.08% | 0.58% | 0.55% | 0.27% | 0.48% | 0.57% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares India 50 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 | $4.00 | $4.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.12 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.19 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.59 | $1.59 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.36 | $3.37 |
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 India 50 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 India 50 ETF was 44.74%, occurring on Aug 28, 2013. Recovery took 350 trading sessions.
The current iShares India 50 ETF drawdown is 21.04%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2013 bear market2013 | -44.74%Aug 2013 | 2y 9mo | 1y 4mo | 4y 2moNov 2010 - Jan 2015 |
COVID crash2020 | -43.50%Mar 2020 | 2mo 9d | 8mo 6d | 10mo 15dJan 2020 - Nov 2020 |
2016 bear market2016 | -29.92%Feb 2016 | 1y 27d | 1y 2mo | 2y 2moJan 2015 - Apr 2017 |
2026 bear market2026 | -22.40%Mar 2026 | 1y 6mo | — | 1y 8moSep 2024 - now |
Rate-hike selloffLate 2018 | -20.10%Oct 2018 | 8mo 9d | 7mo 28d | 1y 4moJan 2018 - May 2019 |
Drawdown Indicators
| INDY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.74% | -9.10% | -35.64% |
Max Drawdown (1Y)Largest decline over 1 year | -18.95% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.50% | — | — |
Current DrawdownCurrent decline from peak | -21.04% | -2.97% | -18.07% |
Average DrawdownAverage peak-to-trough decline | -12.22% | -1.13% | -11.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.39% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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