GIND vs. IND

Last updated Jul 16, 2026

GIND (Goldman Sachs India Equity ETF) and IND (Xtrackers Nifty 500 India ETF) are both India Equities funds. GIND is actively managed, while IND is passively managed. Their correlation of 0.80 suggests significant overlap in exposure. GIND charges 0.75%/yr vs 0.19%/yr for IND.

Performance

GIND vs. IND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs India Equity ETF (GIND) and Xtrackers Nifty 500 India ETF (IND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with GIND having a -8.22% return and IND slightly higher at -8.13%.

GIND

• 1D: -0.03%
• 1M: 0.54%
• 6M: -6.25%
• YTD: -8.22%
• 1Y: -11.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IND

• 1D: 0.00%
• 1M: 0.74%
• 6M: -6.25%
• YTD: -8.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GIND vs. IND - Yearly Performance Comparison

	2026 (YTD)	2025
GIND Goldman Sachs India Equity ETF	-8.22%	-0.30%
IND Xtrackers Nifty 500 India ETF	-8.13%	-0.34%

Correlation

The correlation between GIND and IND is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.80

Return for Risk

GIND vs. IND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GIND

GIND Risk / Return Rank: 4
GIND Sharpe Ratio Rank: 4
GIND Sortino Ratio Rank: 4
GIND Omega Ratio Rank: 4
GIND Calmar Ratio Rank: 5
GIND Martin Ratio Rank: 3

IND

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

GIND vs. IND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs India Equity ETF (GIND) and Xtrackers Nifty 500 India ETF (IND). 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.

	GIND	IND	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	—	—
Sortino ratio: Return per unit of downside risk	-0.92	—	—
Omega ratio: Gain probability vs. loss probability	0.90	—	—
Calmar ratio: Return relative to maximum drawdown	-0.52	—	—
Martin ratio: Return relative to average drawdown	-1.16	—	—

Drawdowns

GIND vs. IND - Drawdown Comparison

The maximum GIND drawdown since its inception was -22.97%, which is greater than IND's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for GIND and IND.

Drawdown Indicators

	GIND	IND	Difference
Max Drawdown Largest peak-to-trough decline	-22.97%	-18.75%	-4.22%
Max Drawdown (1Y) Largest decline over 1 year	-22.27%	—	—
Current Drawdown Current decline from peak	-12.98%	-9.32%	-3.66%
Average Drawdown Average peak-to-trough decline	-7.42%	-7.88%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.88%	—	—

Volatility

Volatility by Period

	GIND	IND	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.72%	19.17%	-2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.09%	19.17%	-2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.09%	19.17%	-2.08%

GIND vs. IND - Expense Ratio Comparison

GIND has a 0.75% expense ratio, which is higher than IND's 0.19% expense ratio.

Dividends

GIND vs. IND - Dividend Comparison

GIND has not paid dividends to shareholders, while IND's dividend yield for the trailing twelve months is around 0.34%.

Position	TTM
GIND Goldman Sachs India Equity ETF	0.00%
IND Xtrackers Nifty 500 India ETF	0.34%

Frequently Asked Questions

Can I hold both GIND and IND in my portfolio?

GIND and IND have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GIND or IND?

On fees, IND is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GIND or IND?

IND is cheaper with a 0.19% expense ratio, compared with 0.75% for GIND.

Which ETF pays a higher dividend yield, GIND or IND?

IND has the higher dividend yield at 0.34%, compared with 0.00% for GIND.

What is the main difference between GIND and IND?

They also come from different issuers: Goldman Sachs and Xtrackers. Their fees differ too: 0.75% for GIND and 0.19% for IND.