FRIN.L vs. IGC.L
FRIN.L (Franklin FTSE India UCITS ETF) is Asia Pacific Equities fund tracking the MSCI India NR USD, while IGC.L (India Capital Growth Fund) is a stock. Over the past 5 years, FRIN.L returned 5.47%/yr vs 8.83%/yr for IGC.L. At a 0.35 correlation, their price movements are largely independent.
Performance
FRIN.L vs. IGC.L - Performance Comparison
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Different Trading Currencies
FRIN.L is traded in GBP, while IGC.L is traded in GBp. To make them comparable, the IGC.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FRIN.L achieves a -10.53% return, which is significantly lower than IGC.L's -6.18% return.
FRIN.L
- 1D
- 1.44%
- 1M
- -0.76%
- YTD
- -10.53%
- 6M
- -10.61%
- 1Y
- -9.00%
- 3Y*
- 3.96%
- 5Y*
- 5.47%
- 10Y*
- —
IGC.L
- 1D
- 0.95%
- 1M
- 2.24%
- YTD
- -6.18%
- 6M
- -8.86%
- 1Y
- -5.90%
- 3Y*
- 5.20%
- 5Y*
- 8.83%
- 10Y*
- 9.91%
FRIN.L vs. IGC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FRIN.L Franklin FTSE India UCITS ETF | -10.53% | -4.08% | 12.58% | 14.76% | 3.17% | 26.55% | 9.19% | -4.64% |
IGC.L India Capital Growth Fund | -6.18% | -11.69% | 11.27% | 34.11% | 7.72% | 42.73% | 18.84% | -16.94% |
Correlation
The correlation between FRIN.L and IGC.L is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019 | 0.35 |
The correlation between FRIN.L and IGC.L shifts across timeframes, from 0.31 (5 years) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FRIN.L vs. IGC.L — Risk / Return Rank
FRIN.L
IGC.L
FRIN.L vs. IGC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India UCITS ETF (FRIN.L) and India Capital Growth Fund (IGC.L). 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.
| FRIN.L | IGC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.97 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.23 | -0.27 |
| Martin ratioReturn relative to average drawdown | -1.14 | -0.47 | -0.66 |
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
| FRIN.L | IGC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.64 | -0.28 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.32 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.06 | +0.25 |
Drawdowns
FRIN.L vs. IGC.L - Drawdown Comparison
The maximum FRIN.L drawdown since its inception was -36.20%, smaller than the maximum IGC.L drawdown of -86.00%. Use the drawdown chart below to compare losses from any high point for FRIN.L and IGC.L.
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Drawdown Indicators
| FRIN.L | IGC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.20% | -86.00% | +49.80% |
Max Drawdown (1Y)Largest decline over 1 year | -17.95% | -26.01% | +8.06% |
Max Drawdown (3Y)Largest decline over 3 years | -22.37% | -29.95% | +7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -22.37% | -29.95% | +7.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.00% | — |
Current DrawdownCurrent decline from peak | -18.75% | -19.04% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -38.76% | +31.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.91% | 12.44% | -4.53% |
Volatility
FRIN.L vs. IGC.L - Volatility Comparison
The current volatility for Franklin FTSE India UCITS ETF (FRIN.L) is 5.74%, while India Capital Growth Fund (IGC.L) has a volatility of 7.28%. This indicates that FRIN.L experiences smaller price fluctuations and is considered to be less risky than IGC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRIN.L | IGC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 7.28% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 17.39% | -5.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 20.93% | -6.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.52% | 27.64% | -12.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.41% | 27.83% | -8.42% |
Dividends
FRIN.L vs. IGC.L - Dividend Comparison
Neither FRIN.L nor IGC.L has paid dividends to shareholders.
Frequently Asked Questions
FRIN.L and IGC.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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