CTEC vs. INDA
Compare and contrast key facts about Global X CleanTech ETF (CTEC) and iShares MSCI India ETF (INDA).
CTEC and INDA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CTEC is a passively managed fund by Global X that tracks the performance of the Indxx Global CleanTech Index. It was launched on Oct 27, 2020. INDA is a passively managed fund by iShares that tracks the performance of the MSCI India Index. It was launched on Feb 2, 2012. Both CTEC and INDA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CTEC or INDA.
Key characteristics
| CTEC | INDA | |
|---|---|---|
| YTD Return | -17.24% | 8.54% |
| 1Y Return | -35.42% | 29.72% |
| 3Y Return (Ann) | -23.15% | 10.84% |
| Sharpe Ratio | -1.09 | 2.68 |
| Daily Std Dev | 32.65% | 10.91% |
| Max Drawdown | -70.89% | -45.06% |
| Current Drawdown | -68.76% | 0.00% |
Correlation
The correlation between CTEC and INDA is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CTEC vs. INDA - Performance Comparison
In the year-to-date period, CTEC achieves a -17.24% return, which is significantly lower than INDA's 8.54% 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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CTEC vs. INDA - Expense Ratio Comparison
CTEC has a 0.50% expense ratio, which is lower than INDA's 0.69% expense ratio.
Risk-Adjusted Performance
CTEC vs. INDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X CleanTech ETF (CTEC) 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
CTEC vs. INDA - Dividend Comparison
CTEC's dividend yield for the trailing twelve months is around 0.62%, more than INDA's 0.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTEC Global X CleanTech ETF | 0.62% | 0.51% | 0.25% | 0.39% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INDA iShares MSCI India ETF | 0.15% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% | 0.63% | 0.40% |
Drawdowns
CTEC vs. INDA - Drawdown Comparison
The maximum CTEC drawdown since its inception was -70.89%, which is greater than INDA's maximum drawdown of -45.06%. Use the drawdown chart below to compare losses from any high point for CTEC and INDA. For additional features, visit the drawdowns tool.
Volatility
CTEC vs. INDA - Volatility Comparison
Global X CleanTech ETF (CTEC) has a higher volatility of 9.97% compared to iShares MSCI India ETF (INDA) at 2.71%. This indicates that CTEC'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.