ABCA.PA vs. INDA
ABCA.PA (ABC arbitrage SA) is a stock, while INDA (iShares MSCI India ETF) is India Equities fund tracking the MSCI India Index. Over the past 10 years, ABCA.PA returned 3.88%/yr vs 6.03%/yr for INDA. At a 0.11 correlation, their price movements are largely independent.
Performance
ABCA.PA vs. INDA - Performance Comparison
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Different Trading Currencies
ABCA.PA 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, ABCA.PA achieves a -3.04% return, which is significantly higher than INDA's -7.57% return. Over the past 10 years, ABCA.PA has underperformed INDA with an annualized return of 3.88%, while INDA has yielded a comparatively higher 6.03% annualized return.
ABCA.PA
- 1D
- 0.00%
- 1M
- -3.03%
- 6M
- -2.13%
- YTD
- -3.04%
- 1Y
- -13.99%
- 3Y*
- 1.74%
- 5Y*
- -0.11%
- 10Y*
- 3.88%
- ALL TIME*
- 8.79%
INDA
- 1D
- -0.53%
- 1M
- -1.67%
- 6M
- -6.65%
- YTD
- -7.57%
- 1Y
- -9.30%
- 3Y*
- 2.42%
- 5Y*
- 4.04%
- 10Y*
- 6.03%
- ALL TIME*
- 6.31%
ABCA.PA vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABCA.PA ABC arbitrage SA | -3.04% | 19.60% | 6.61% | -19.86% | -4.30% | 5.22% | 13.63% | 17.74% | -0.08% | -9.83% |
INDA iShares MSCI India ETF | -7.57% | -9.51% | 15.80% | 13.65% | -3.30% | 30.43% | 5.36% | 8.89% | -2.29% | 19.35% |
Correlation
The correlation between ABCA.PA and INDA is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.11 |
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Return for Risk
ABCA.PA vs. INDA — Risk / Return Rank
ABCA.PA
INDA
ABCA.PA vs. INDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ABC arbitrage SA (ABCA.PA) 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.
| ABCA.PA | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.91 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.56 | -0.18 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.16 | -0.19 |
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Drawdowns
ABCA.PA vs. INDA - Drawdown Comparison
The maximum ABCA.PA drawdown since its inception was -47.12%, which is greater than INDA's maximum drawdown of -41.78%. Use the drawdown chart below to compare losses from any high point for ABCA.PA and INDA.
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Drawdown Indicators
| ABCA.PA | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.12% | -41.78% | -5.34% |
Max Drawdown (1Y)Largest decline over 1 year | -18.72% | -16.77% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -38.96% | -25.03% | -13.93% |
Max Drawdown (5Y)Largest decline over 5 years | -47.12% | -25.03% | -22.09% |
Max Drawdown (10Y)Largest decline over 10 years | -47.12% | -41.78% | -5.34% |
Current DrawdownCurrent decline from peak | -15.96% | -19.54% | +3.58% |
Average DrawdownAverage peak-to-trough decline | -12.33% | -9.18% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.61% | 8.05% | +1.56% |
Volatility
ABCA.PA vs. INDA - Volatility Comparison
ABC arbitrage SA (ABCA.PA) has a higher volatility of 4.25% compared to iShares MSCI India ETF (INDA) at 3.83%. This indicates that ABCA.PA'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
| ABCA.PA | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 3.83% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 15.50% | 12.48% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.33% | 14.78% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 15.09% | +3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.77% | 21.01% | -2.24% |
Dividends
ABCA.PA vs. INDA - Dividend Comparison
ABCA.PA's dividend yield for the trailing twelve months is around 6.67%, while INDA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABCA.PA ABC arbitrage SA | 6.67% | 6.30% | 6.26% | 8.52% | 6.20% | 6.72% | 4.55% | 6.42% | 3.29% | 3.18% | 1.80% | 7.80% |
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
ABCA.PA and INDA have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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