FUN vs. INDA
FUN (Cedar Fair, L.P.) is a stock, while INDA (iShares MSCI India ETF) is India Equities fund tracking the MSCI India Index. Over the past 10 years, FUN returned -8.60%/yr vs 6.56%/yr for INDA. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
FUN vs. INDA - Performance Comparison
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Returns By Period
In the year-to-date period, FUN achieves a 12.97% return, which is significantly higher than INDA's -7.86% return. Over the past 10 years, FUN has underperformed INDA with an annualized return of -8.60%, while INDA has yielded a comparatively higher 6.56% annualized return.
FUN
- 1D
- -2.09%
- 1M
- -17.44%
- 6M
- -3.78%
- YTD
- 12.97%
- 1Y
- -41.63%
- 3Y*
- -22.07%
- 5Y*
- -14.78%
- 10Y*
- -8.60%
- ALL TIME*
- 7.70%
INDA
- 1D
- 0.20%
- 1M
- 0.48%
- 6M
- -3.75%
- YTD
- -7.86%
- 1Y
- -5.54%
- 3Y*
- 4.09%
- 5Y*
- 3.65%
- 10Y*
- 6.56%
- ALL TIME*
- 5.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $31.14M | $38.24M | $46.37M | |
| $354.20M | $298.51M | $312.64M |
FUN vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUN Cedar Fair, L.P. | 12.97% | -68.17% | 26.39% | -0.96% | -16.23% | 27.25% | -27.49% | 25.65% | -22.66% | 6.45% |
INDA iShares MSCI India ETF | -7.86% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 14.83% | 6.49% | -6.67% | 36.08% |
Correlation
The correlation between FUN and INDA is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.22 |
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Return for Risk
FUN vs. INDA — Risk / Return Rank
FUN
INDA
FUN vs. INDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cedar Fair, L.P. (FUN) 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.
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.
| FUN | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.95 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.30 | -0.42 |
| Martin ratioReturn relative to average drawdown | -1.10 | -0.66 | -0.44 |
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Drawdowns
FUN vs. INDA - Drawdown Comparison
The maximum FUN drawdown since its inception was -77.75%, which is greater than INDA's maximum drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for FUN and INDA.
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Drawdown Indicators
| FUN | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.75% | -45.07% | -32.68% |
Max Drawdown (1Y)Largest decline over 1 year | -58.21% | -17.85% | -40.36% |
Max Drawdown (3Y)Largest decline over 3 years | -77.74% | -22.72% | -55.02% |
Max Drawdown (5Y)Largest decline over 5 years | -77.74% | -22.72% | -55.02% |
Max Drawdown (10Y)Largest decline over 10 years | -77.75% | -45.07% | -32.68% |
Current DrawdownCurrent decline from peak | -69.93% | -15.27% | -54.66% |
Average DrawdownAverage peak-to-trough decline | -20.02% | -9.65% | -10.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.37% | 8.16% | +30.21% |
Volatility
FUN vs. INDA - Volatility Comparison
Cedar Fair, L.P. (FUN) has a higher volatility of 15.40% compared to iShares MSCI India ETF (INDA) at 4.11%. This indicates that FUN'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
| FUN | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.40% | 4.11% | +11.29% |
Volatility (6M)Calculated over the trailing 6-month period | 46.34% | 13.19% | +33.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.05% | 15.11% | +52.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.64% | 15.50% | +29.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.59% | 21.07% | +24.52% |
Dividends
FUN vs. INDA - Dividend Comparison
Neither FUN nor INDA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUN Cedar Fair, L.P. | 0.00% | 0.00% | 4.42% | 3.02% | 1.45% | 0.00% | 2.38% | 6.69% | 7.60% | 5.32% | 5.19% | 5.51% |
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% |
Frequently Asked Questions
FUN and INDA have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUN has higher volatility (15.40%) compared to INDA (4.11%). In terms of maximum drawdown, FUN dropped -77.75% vs INDA's -45.07%.
INDA currently has the higher Sharpe Ratio (-0.36 vs -0.62), 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.
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