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FUN vs. INDA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FUN vs. INDA

Last updated Jun 23, 2026

FUN (Cedar Fair, L.P.) is a stock, while INDA (iShares MSCI India ETF) is Asia Pacific Equities fund tracking the MSCI India Index. Over the past 10 years, FUN returned -6.05%/yr vs 7.61%/yr for INDA. At a 0.22 correlation, their price movements are largely independent.

Performance

FUN vs. INDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cedar Fair, L.P. (FUN) and iShares MSCI India ETF (INDA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FUN achieves a 48.04% return, which is significantly higher than INDA's -7.64% return. Over the past 10 years, FUN has underperformed INDA with an annualized return of -6.05%, while INDA has yielded a comparatively higher 7.61% annualized return.

FUN

1D
-8.94%
1M
14.52%
YTD
48.04%
6M
64.80%
1Y
-25.17%
3Y*
-15.57%
5Y*
-11.86%
10Y*
-6.05%

INDA

1D
0.69%
1M
3.16%
YTD
-7.64%
6M
-7.88%
1Y
-7.38%
3Y*
5.70%
5Y*
3.90%
10Y*
7.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FUN vs. INDA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FUN
Cedar Fair, L.P.		48.04%-68.17%26.39%-0.96%-16.23%27.25%-27.49%25.65%-22.66%6.45%
INDA
iShares MSCI India ETF		-7.64%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 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.21

Correlation (All Time)
Calculated using the full available price history since Feb 3, 2012

0.22

Compare stocks, funds, or ETFs

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Cedar Fair, L.P.

iShares MSCI India ETF

Often compared with FUN:
FUN vs. CNKFUN vs. DISFUN vs. VOOFUN vs. MAINFUN vs. SPYFUN vs. IIPRFUN vs. GIC
Often compared with INDA:
INDA vs. FLININDA vs. INDYINDA vs. EPIINDA vs. SMININDA vs. VOOINDA vs. MCHIINDA vs. VNM

Return for Risk

FUN vs. INDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FUN
FUN Risk / Return Rank: 2828
Overall Rank
FUN Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
FUN Sortino Ratio Rank: 2828
Sortino Ratio Rank
FUN Omega Ratio Rank: 2828
Omega Ratio Rank
FUN Calmar Ratio Rank: 2828
Calmar Ratio Rank
FUN Martin Ratio Rank: 3030
Martin Ratio Rank
INDA
INDA Risk / Return Rank: 55
Overall Rank
INDA Sharpe Ratio Rank: 55
Sharpe Ratio Rank
INDA Sortino Ratio Rank: 44
Sortino Ratio Rank
INDA Omega Ratio Rank: 44
Omega Ratio Rank
INDA Calmar Ratio Rank: 55
Calmar Ratio Rank
INDA Martin Ratio Rank: 55
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

FUNINDADifference
Sharpe ratioReturn per unit of total volatility
-0.38
-0.50

+0.12

Sortino ratioReturn per unit of downside risk
-0.13
-0.64

+0.51

Omega ratioGain probability vs. loss probability

0.98

0.93

+0.06

Calmar ratioReturn relative to maximum drawdown

-0.41

-0.40

-0.02

Martin ratioReturn relative to average drawdown

-0.63

-0.90

+0.27

FUN vs. INDA - Sharpe Ratio Comparison

The current FUN Sharpe Ratio is -0.38, which is comparable to the INDA Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of FUN and INDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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

FUNINDADifference

Max Drawdown

Largest peak-to-trough decline

-77.75%

-45.07%

-32.68%

Max Drawdown (1Y)

Largest decline over 1 year

-61.05%

-18.69%

-42.36%

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 Drawdown

Current decline from peak

-60.59%

-15.07%

-45.52%

Average Drawdown

Average peak-to-trough decline

-19.88%

-9.60%

-10.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

39.96%

8.25%

+31.71%

Volatility

FUN vs. INDA - Volatility Comparison

Cedar Fair, L.P. (FUN) has a higher volatility of 16.10% compared to iShares MSCI India ETF (INDA) at 4.15%. 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

FUNINDADifference

Volatility (1M)

Calculated over the trailing 1-month period

16.10%

4.15%

+11.95%

Volatility (6M)

Calculated over the trailing 6-month period

46.12%

12.98%

+33.14%

Volatility (1Y)

Calculated over the trailing 1-year period

67.39%

14.85%

+52.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

44.19%

15.42%

+28.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

45.29%

21.12%

+24.17%

Dividends

FUN vs. INDA - Dividend Comparison

Neither FUN nor INDA has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FUN has higher volatility (16.10%) compared to INDA (4.15%). In terms of maximum drawdown, FUN dropped -77.75% vs INDA's -45.07%.

FUN currently has the higher Sharpe Ratio (-0.38 vs -0.50), 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.

Portfolio Optimizer

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