AAPL vs. INDA
AAPL (Apple Inc) is a stock, while INDA (iShares MSCI India ETF) is India Equities fund tracking the MSCI India Index. Over the past 10 years, AAPL returned 30.70%/yr vs 6.45%/yr for INDA. At a 0.32 correlation, their price movements are largely independent.
Performance
AAPL vs. INDA - Performance Comparison
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Returns By Period
In the year-to-date period, AAPL achieves a 20.35% return, which is significantly higher than INDA's -10.18% return. Over the past 10 years, AAPL has outperformed INDA with an annualized return of 30.70%, while INDA has yielded a comparatively lower 6.45% annualized return.
AAPL
- 1D
- -2.14%
- 1M
- 9.59%
- 6M
- 28.05%
- YTD
- 20.35%
- 1Y
- 55.26%
- 3Y*
- 19.94%
- 5Y*
- 18.17%
- 10Y*
- 30.70%
- ALL TIME*
- 19.46%
INDA
- 1D
- -0.74%
- 1M
- -2.08%
- 6M
- -8.14%
- YTD
- -10.18%
- 1Y
- -10.92%
- 3Y*
- 3.30%
- 5Y*
- 3.36%
- 10Y*
- 6.45%
- ALL TIME*
- 5.26%
AAPL vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 20.35% | 9.05% | 30.71% | 49.01% | -26.40% | 34.65% | 82.31% | 88.96% | -5.39% | 48.46% |
INDA iShares MSCI India ETF | -10.18% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 14.83% | 6.49% | -6.67% | 36.08% |
Correlation
The correlation between AAPL and INDA is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.32 |
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Return for Risk
AAPL vs. INDA — Risk / Return Rank
AAPL
INDA
AAPL vs. INDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apple Inc (AAPL) 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.
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.
| AAPL | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.00 | ||
| Sortino ratioReturn per unit of downside risk | +4.08 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.89 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | -0.61 | +4.64 |
| Martin ratioReturn relative to average drawdown | 9.58 | -1.37 | +10.95 |
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Drawdowns
AAPL vs. INDA - Drawdown Comparison
The maximum AAPL drawdown since its inception was -81.80%, which is greater than INDA's maximum drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for AAPL and INDA.
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Drawdown Indicators
| AAPL | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.80% | -45.07% | -36.73% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -17.85% | +4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -33.36% | -22.72% | -10.64% |
Max Drawdown (5Y)Largest decline over 5 years | -33.36% | -22.72% | -10.64% |
Max Drawdown (10Y)Largest decline over 10 years | -38.52% | -45.07% | +6.55% |
Current DrawdownCurrent decline from peak | -2.14% | -17.40% | +15.26% |
Average DrawdownAverage peak-to-trough decline | -29.54% | -9.63% | -19.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.78% | 7.99% | -2.21% |
Volatility
AAPL vs. INDA - Volatility Comparison
Apple Inc (AAPL) has a higher volatility of 10.61% compared to iShares MSCI India ETF (INDA) at 3.80%. This indicates that AAPL'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
| AAPL | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.61% | 3.80% | +6.81% |
Volatility (6M)Calculated over the trailing 6-month period | 19.34% | 13.08% | +6.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 15.00% | +9.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.79% | 15.46% | +12.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.08% | 21.06% | +8.02% |
Dividends
AAPL vs. INDA - Dividend Comparison
AAPL's dividend yield for the trailing twelve months is around 0.32%, while INDA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.32% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
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
AAPL and INDA have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPL has higher volatility (10.61%) compared to INDA (3.80%). In terms of maximum drawdown, AAPL dropped -81.80% vs INDA's -45.07%.
AAPL currently has the higher Sharpe Ratio (2.27 vs -0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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