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AAPL vs. INDA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AAPL vs. INDA

Last updated Jun 9, 2026

AAPL (Apple Inc) is a stock, while INDA (iShares MSCI India ETF) is Asia Pacific Equities fund tracking the MSCI India Index. Over the past 10 years, AAPL returned 29.63%/yr vs 6.73%/yr for INDA. At a 0.32 correlation, their price movements are largely independent.

Performance

AAPL vs. INDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Apple Inc (AAPL) and iShares MSCI India ETF (INDA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AAPL achieves a 11.12% return, which is significantly higher than INDA's -12.65% return. Over the past 10 years, AAPL has outperformed INDA with an annualized return of 29.63%, while INDA has yielded a comparatively lower 6.73% annualized return.

AAPL

1D
-1.89%
1M
2.90%
YTD
11.12%
6M
8.71%
1Y
48.46%
3Y*
19.11%
5Y*
19.46%
10Y*
29.63%

INDA

1D
-0.27%
1M
-5.28%
YTD
-12.65%
6M
-11.06%
1Y
-14.02%
3Y*
4.13%
5Y*
2.36%
10Y*
6.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AAPL vs. INDA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AAPL
Apple Inc		11.12%9.05%30.71%49.01%-26.40%34.65%82.31%88.96%-5.39%48.46%
INDA
iShares MSCI India ETF		-12.65%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 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

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

0.36

Correlation (All Time)
Calculated using the full available price history since Feb 6, 2012

0.32

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Apple Inc

iShares MSCI India ETF

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Often compared with INDA:
INDA vs. FLININDA vs. INDYINDA vs. EPIINDA vs. SMININDA vs. VOOINDA vs. MCHIINDA vs. VNM

Return for Risk

AAPL vs. INDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AAPL
AAPL Risk / Return Rank: 8888
Overall Rank
AAPL Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
AAPL Sortino Ratio Rank: 9090
Sortino Ratio Rank
AAPL Omega Ratio Rank: 8888
Omega Ratio Rank
AAPL Calmar Ratio Rank: 8787
Calmar Ratio Rank
AAPL Martin Ratio Rank: 8686
Martin Ratio Rank
INDA
INDA Risk / Return Rank: 22
Overall Rank
INDA Sharpe Ratio Rank: 22
Sharpe Ratio Rank
INDA Sortino Ratio Rank: 22
Sortino Ratio Rank
INDA Omega Ratio Rank: 22
Omega Ratio Rank
INDA Calmar Ratio Rank: 33
Calmar Ratio Rank
INDA Martin Ratio Rank: 00
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

AAPLINDADifference
Sharpe ratioReturn per unit of total volatility
2.18
-0.96

+3.13

Sortino ratioReturn per unit of downside risk
3.09
-1.34

+4.43

Omega ratioGain probability vs. loss probability

1.39

0.85

+0.54

Calmar ratioReturn relative to maximum drawdown

3.53

-0.75

+4.28

Martin ratioReturn relative to average drawdown

8.89

-1.78

+10.67

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAPL vs. INDA - Sharpe Ratio Comparison

The current AAPL Sharpe Ratio is 2.18, which is higher than the INDA Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of AAPL and INDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AAPLINDADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.18

-0.96

+3.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.71

0.15

+0.56

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.03

0.32

+0.71

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.23

+0.21

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

AAPLINDADifference

Max Drawdown

Largest peak-to-trough decline

-81.80%

-45.07%

-36.73%

Max Drawdown (1Y)

Largest decline over 1 year

-13.80%

-18.69%

+4.89%

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 Drawdown

Current decline from peak

-4.33%

-19.68%

+15.35%

Average Drawdown

Average peak-to-trough decline

-29.60%

-9.58%

-20.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.48%

7.88%

-2.40%

Volatility

AAPL vs. INDA - Volatility Comparison

Apple Inc (AAPL) has a higher volatility of 5.68% compared to iShares MSCI India ETF (INDA) at 5.11%. 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

AAPLINDADifference

Volatility (1M)

Calculated over the trailing 1-month period

5.68%

5.11%

+0.57%

Volatility (6M)

Calculated over the trailing 6-month period

15.99%

12.75%

+3.24%

Volatility (1Y)

Calculated over the trailing 1-year period

22.41%

14.72%

+7.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.47%

15.39%

+12.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.91%

21.12%

+7.79%

Dividends

AAPL vs. INDA - Dividend Comparison

AAPL's dividend yield for the trailing twelve months is around 0.35%, while INDA has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
AAPL
Apple Inc		0.35%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 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AAPL has higher volatility (5.68%) compared to INDA (5.11%). In terms of maximum drawdown, AAPL dropped -81.80% vs INDA's -45.07%.

AAPL currently has the higher Sharpe Ratio (2.18 vs -0.96), 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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