AIE.L vs. INDA
Compare and contrast key facts about Ashoka India Equity Investment Trust plc (AIE.L) and iShares MSCI India ETF (INDA).
INDA is a passively managed fund by iShares that tracks the performance of the MSCI India Index. It was launched on Feb 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIE.L or INDA.
Key characteristics
| AIE.L | INDA | |
|---|---|---|
| YTD Return | 19.34% | 18.13% |
| 1Y Return | 27.19% | 28.13% |
| 3Y Return (Ann) | 14.64% | 7.65% |
| 5Y Return (Ann) | 21.73% | 13.27% |
| Sharpe Ratio | 1.54 | 2.00 |
| Daily Std Dev | 17.56% | 13.81% |
| Max Drawdown | -41.42% | -45.06% |
| Current Drawdown | -0.34% | -0.81% |
Correlation
The correlation between AIE.L and INDA is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AIE.L vs. INDA - Performance Comparison
In the year-to-date period, AIE.L achieves a 19.34% return, which is significantly higher than INDA's 18.13% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AIE.L vs. INDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ashoka India Equity Investment Trust plc (AIE.L) 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.
Dividends
AIE.L vs. INDA - Dividend Comparison
Neither AIE.L nor INDA has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIE.L Ashoka India Equity Investment Trust plc | 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% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% | 0.63% | 0.40% |
Drawdowns
AIE.L vs. INDA - Drawdown Comparison
The maximum AIE.L drawdown since its inception was -41.42%, smaller than the maximum INDA drawdown of -45.06%. Use the drawdown chart below to compare losses from any high point for AIE.L and INDA. For additional features, visit the drawdowns tool.
Volatility
AIE.L vs. INDA - Volatility Comparison
Ashoka India Equity Investment Trust plc (AIE.L) has a higher volatility of 2.94% compared to iShares MSCI India ETF (INDA) at 2.60%. This indicates that AIE.L'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.