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.
Performance
CTEC vs. INDA - Performance Comparison
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CTEC vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CTEC Global X CleanTech ETF | 9.83% | 57.85% | -36.35% | -25.60% | -16.82% | -22.19% | 47.46% |
INDA iShares MSCI India ETF | -13.34% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 19.73% |
Returns By Period
In the year-to-date period, CTEC achieves a 9.83% return, which is significantly higher than INDA's -13.34% return.
CTEC
- 1D
- 5.37%
- 1M
- -0.48%
- YTD
- 9.83%
- 6M
- 16.68%
- 1Y
- 96.37%
- 3Y*
- -9.00%
- 5Y*
- -11.44%
- 10Y*
- —
INDA
- 1D
- 3.13%
- 1M
- -10.39%
- YTD
- -13.34%
- 6M
- -10.03%
- 1Y
- -9.01%
- 3Y*
- 6.29%
- 5Y*
- 3.50%
- 10Y*
- 6.88%
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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.
Return for Risk
CTEC vs. INDA — Risk / Return Rank
CTEC
INDA
CTEC vs. INDA - Risk-Adjusted Trends 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.
| CTEC | INDA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.56 | -0.58 | +3.15 |
Sortino ratioReturn per unit of downside risk | 3.12 | -0.75 | +3.87 |
Omega ratioGain probability vs. loss probability | 1.38 | 0.91 | +0.47 |
Calmar ratioReturn relative to maximum drawdown | 5.18 | -0.46 | +5.64 |
Martin ratioReturn relative to average drawdown | 13.22 | -1.54 | +14.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CTEC | INDA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | -0.58 | +3.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.23 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.23 | -0.35 |
Correlation
The correlation between CTEC and INDA is 0.37, 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.
Dividends
CTEC vs. INDA - Dividend Comparison
CTEC's dividend yield for the trailing twelve months is around 0.68%, while INDA has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTEC Global X CleanTech ETF | 0.68% | 0.75% | 1.56% | 0.51% | 0.25% | 0.39% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
CTEC vs. INDA - Drawdown Comparison
The maximum CTEC drawdown since its inception was -81.58%, which is greater than INDA's maximum drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for CTEC and INDA.
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Drawdown Indicators
| CTEC | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.58% | -45.07% | -36.51% |
Max Drawdown (1Y)Largest decline over 1 year | -17.62% | -18.69% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -76.46% | -22.72% | -53.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.07% | — |
Current DrawdownCurrent decline from peak | -58.34% | -20.31% | -38.03% |
Average DrawdownAverage peak-to-trough decline | -52.42% | -9.48% | -42.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.90% | 5.61% | +1.29% |
Volatility
CTEC vs. INDA - Volatility Comparison
Global X CleanTech ETF (CTEC) has a higher volatility of 12.43% compared to iShares MSCI India ETF (INDA) at 6.88%. 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.
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Volatility by Period
| CTEC | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.43% | 6.88% | +5.55% |
Volatility (6M)Calculated over the trailing 6-month period | 27.93% | 10.87% | +17.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.90% | 15.58% | +22.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.54% | 15.38% | +21.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.92% | 21.12% | +16.80% |