18MK.DE vs. INDA
18MK.DE (Amundi MSCI India UCITS ETF EUR) and INDA (iShares MSCI India ETF) are both Asia Pacific Equities funds - 18MK.DE tracks the MSCI India while INDA tracks the MSCI India Index. Both are passively managed. Over the past 10 years, 18MK.DE returned 6.21%/yr vs 6.48%/yr for INDA. Their correlation of 0.81 suggests significant overlap in exposure. 18MK.DE charges 0.80%/yr vs 0.69%/yr for INDA.
Performance
18MK.DE vs. INDA - Performance Comparison
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Different Trading Currencies
18MK.DE is traded in EUR, while INDA is traded in USD. To make them comparable, the INDA values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 18MK.DE achieves a -11.57% return, which is significantly lower than INDA's -10.14% return. Both investments have delivered pretty close results over the past 10 years, with 18MK.DE having a 6.21% annualized return and INDA not far ahead at 6.48%.
18MK.DE
- 1D
- 0.68%
- 1M
- -2.82%
- YTD
- -11.57%
- 6M
- -12.43%
- 1Y
- -14.84%
- 3Y*
- 1.67%
- 5Y*
- 3.55%
- 10Y*
- 6.21%
INDA
- 1D
- 1.25%
- 1M
- -1.67%
- YTD
- -10.14%
- 6M
- -10.44%
- 1Y
- -12.44%
- 3Y*
- 1.97%
- 5Y*
- 3.56%
- 10Y*
- 6.48%
18MK.DE vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
18MK.DE Amundi MSCI India UCITS ETF EUR | -11.57% | -10.32% | 16.35% | 14.11% | -2.28% | 33.62% | 2.72% | 9.58% | -4.91% | 20.20% |
INDA iShares MSCI India ETF | -10.14% | -9.51% | 15.80% | 13.65% | -3.30% | 30.43% | 5.36% | 8.89% | -2.29% | 19.35% |
Correlation
The correlation between 18MK.DE and INDA is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2012 | 0.81 |
The correlation between 18MK.DE and INDA has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
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Return for Risk
18MK.DE vs. INDA — Risk / Return Rank
18MK.DE
INDA
18MK.DE vs. INDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI India UCITS ETF EUR (18MK.DE) and iShares MSCI India ETF (INDA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 18MK.DE | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.87 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.69 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.54 | -1.45 | -0.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 18MK.DE | INDA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | -0.86 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.24 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.31 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.28 | -0.03 |
Drawdowns
18MK.DE vs. INDA - Drawdown Comparison
The maximum 18MK.DE drawdown since its inception was -42.41%, roughly equal to the maximum INDA drawdown of -41.78%. Use the drawdown chart below to compare losses from any high point for 18MK.DE and INDA.
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Drawdown Indicators
| 18MK.DE | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.41% | -41.78% | -0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -20.43% | -18.08% | -2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -29.72% | -25.03% | -4.69% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -25.03% | -4.69% |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | -41.78% | +0.22% |
Current DrawdownCurrent decline from peak | -26.69% | -21.78% | -4.91% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -9.09% | -3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.60% | 8.57% | +1.03% |
Volatility
18MK.DE vs. INDA - Volatility Comparison
Amundi MSCI India UCITS ETF EUR (18MK.DE) has a higher volatility of 5.23% compared to iShares MSCI India ETF (INDA) at 4.89%. This indicates that 18MK.DE's price experiences larger fluctuations and is considered to be riskier than INDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 18MK.DE | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 4.89% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 13.99% | 12.27% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.62% | 14.56% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 15.00% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.29% | 21.01% | -0.72% |
18MK.DE vs. INDA - Expense Ratio Comparison
18MK.DE has a 0.80% expense ratio, which is higher than INDA's 0.69% expense ratio.
Dividends
18MK.DE vs. INDA - Dividend Comparison
Neither 18MK.DE nor INDA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
18MK.DE Amundi MSCI India UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INDA iShares MSCI India ETF | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
Frequently Asked Questions
18MK.DE and INDA have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, INDA is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.
INDA is cheaper with a 0.69% expense ratio, compared with 0.80% for 18MK.DE.
18MK.DE tracks MSCI India, while INDA tracks MSCI India Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.80% for 18MK.DE and 0.69% for INDA.
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