FLIN vs. NDIA

Last updated Aug 4, 2026

FLIN (Franklin FTSE India ETF) and NDIA (Global X Funds - Global X India Active ETF) are both India Equities funds. FLIN is passively managed, while NDIA is actively managed. Over the past year, FLIN returned -4.62% vs -4.02% for NDIA. Their correlation of 0.92 means they have usually moved in the same direction. FLIN charges 0.19%/yr vs 0.76%/yr for NDIA.

Performance

FLIN vs. NDIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE India ETF (FLIN) and Global X Funds - Global X India Active ETF (NDIA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FLIN having a -6.92% return and NDIA slightly lower at -6.96%.

FLIN

• 1D: 0.67%
• 1M: 0.73%
• 6M: -5.45%
• YTD: -6.92%
• 1Y: -4.62%
• 3Y*: 5.63%
• 5Y*: 4.41%
• 10Y*: —
• ALL TIME*: 5.89%

NDIA

• 1D: 0.89%
• 1M: 1.56%
• 6M: -5.84%
• YTD: -6.96%
• 1Y: -4.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLIN Franklin FTSE India ETF	$24.21M	$28.81M	$28.13M
NDIA Global X Funds - Global X India Active ETF	$59.27K	$87.94K	$399.11K

FLIN vs. NDIA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FLIN Franklin FTSE India ETF	-6.92%	2.40%	10.33%	13.71%
NDIA Global X Funds - Global X India Active ETF	-6.96%	5.04%	5.75%	12.76%

Correlation

The correlation between FLIN and NDIA is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (All Time) Calculated using the full available price history since Aug 18, 2023	0.92

The correlation between FLIN and NDIA has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

FLIN vs. NDIA - Sectors Allocation Comparison

Sectors	FLIN	NDIA
Financial Services	27.5%	32.7%
Consumer Cyclical	12.1%	11.4%
Industrials	11.3%	10.9%
Basic Materials	9.2%	7.8%
Energy	8.1%	9.2%
Technology	8.0%	5.9%
Healthcare	7.2%	4.1%
Consumer Defensive	5.5%	6.2%
Utilities	4.9%	3.2%
Communication Services	4.7%	5.9%
Real Estate	1.5%	2.8%

Return for Risk

FLIN vs. NDIA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLIN

FLIN Risk / Return Rank: 7
FLIN Sharpe Ratio Rank: 7
FLIN Sortino Ratio Rank: 7
FLIN Omega Ratio Rank: 7
FLIN Calmar Ratio Rank: 8
FLIN Martin Ratio Rank: 7

NDIA

NDIA Risk / Return Rank: 7
NDIA Sharpe Ratio Rank: 7
NDIA Sortino Ratio Rank: 7
NDIA Omega Ratio Rank: 7
NDIA Calmar Ratio Rank: 8
NDIA Martin Ratio Rank: 7

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLIN vs. NDIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India ETF (FLIN) and Global X Funds - Global X India Active ETF (NDIA). 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.

	FLIN	NDIA	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	-0.25	-0.05
Sortino ratio: Return per unit of downside risk	-0.33	-0.25	-0.08
Omega ratio: Gain probability vs. loss probability	0.96	0.97	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.25	-0.24	-0.02
Martin ratio: Return relative to average drawdown	-0.57	-0.54	-0.03

FLIN vs. NDIA - Sharpe Ratio Comparison

The current FLIN Sharpe Ratio is -0.30, which is comparable to the NDIA Sharpe Ratio of -0.25. The chart below compares the historical Sharpe Ratios of FLIN and NDIA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLIN vs. NDIA - Drawdown Comparison

The maximum FLIN drawdown since its inception was -41.90%, which is greater than NDIA's maximum drawdown of -22.05%. Use the drawdown chart below to compare losses from any high point for FLIN and NDIA.

Drawdown Indicators

	FLIN	NDIA	Difference
Max Drawdown Largest peak-to-trough decline	-41.90%	-22.05%	-19.85%
Max Drawdown (1Y) Largest decline over 1 year	-18.25%	-17.09%	-1.16%
Max Drawdown (3Y) Largest decline over 3 years	-22.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.85%	—	—
Current Drawdown Current decline from peak	-14.31%	-13.73%	-0.58%
Average Drawdown Average peak-to-trough decline	-8.16%	-7.55%	-0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.19%	7.48%	+0.71%

Volatility

FLIN vs. NDIA - Volatility Comparison

The current volatility for Franklin FTSE India ETF (FLIN) is 4.09%, while Global X Funds - Global X India Active ETF (NDIA) has a volatility of 4.63%. This indicates that FLIN experiences smaller price fluctuations and is considered to be less risky than NDIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLIN	NDIA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	4.63%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	13.22%	14.09%	-0.87%
Volatility (1Y) Calculated over the trailing 1-year period	15.41%	16.33%	-0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.81%	15.60%	+0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.35%	15.60%	+4.75%

FLIN vs. NDIA - Expense Ratio Comparison

FLIN has a 0.19% expense ratio, which is lower than NDIA's 0.76% expense ratio.

Dividends

FLIN vs. NDIA - Dividend Comparison

FLIN's dividend yield for the trailing twelve months is around 0.42%, less than NDIA's 1.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLIN Franklin FTSE India ETF	0.42%	0.56%	1.58%	0.73%	0.73%	2.26%	0.68%	0.90%	0.92%
NDIA Global X Funds - Global X India Active ETF	1.18%	1.10%	3.66%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLIN and NDIA in my portfolio?

With a correlation of 0.93, FLIN and NDIA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FLIN or NDIA?

NDIA has higher volatility (4.63%) compared to FLIN (4.09%). In terms of maximum drawdown, FLIN dropped -41.90% vs NDIA's -22.05%.

Which ETF is better, FLIN or NDIA?

On 1-year performance, NDIA leads with -4.02% vs -4.62% for FLIN. On fees, FLIN is cheaper at 0.19% per year. On volatility, FLIN has been the lower-risk option at 4.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLIN or NDIA?

Over the 1-year period, NDIA has performed better with a -4.02% return vs -4.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLIN or NDIA?

FLIN is cheaper with a 0.19% expense ratio, compared with 0.76% for NDIA.

Which ETF pays a higher dividend yield, FLIN or NDIA?

NDIA has the higher dividend yield at 1.18%, compared with 0.42% for FLIN.

What is the main difference between FLIN and NDIA?

They also come from different issuers: Franklin Templeton and Global X. Their fees differ too: 0.19% for FLIN and 0.76% for NDIA.

Which has better risk-adjusted returns?

NDIA currently has the higher Sharpe Ratio (-0.25 vs -0.30), 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.