GLIN vs. IMVP
GLIN (VanEck Vectors India Growth Leaders ETF) and IMVP (Invesco India ETF) are both exchange-traded funds - GLIN is a India Equities fund tracking the MarketGrader India All-Cap Growth Leaders Index, while IMVP is a Emerging Markets Equities fund tracking the FTSE India Quality and Yield Select Index. Both are passively managed. Over the past 10 years, GLIN returned 1.49%/yr vs 7.91%/yr for IMVP. Their correlation of 0.83 suggests significant overlap in exposure. GLIN charges 0.82%/yr vs 0.78%/yr for IMVP.
Performance
GLIN vs. IMVP - Performance Comparison
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Returns By Period
In the year-to-date period, GLIN achieves a -1.77% return, which is significantly higher than IMVP's -14.84% return. Over the past 10 years, GLIN has underperformed IMVP with an annualized return of 1.49%, while IMVP has yielded a comparatively higher 7.91% annualized return.
GLIN
- 1D
- -1.34%
- 1M
- -0.18%
- 6M
- -1.34%
- YTD
- -1.77%
- 1Y
- -3.09%
- 3Y*
- 8.94%
- 5Y*
- 4.21%
- 10Y*
- 1.49%
IMVP
- 1D
- 0.02%
- 1M
- 1.23%
- 6M
- -13.85%
- YTD
- -14.84%
- 1Y
- -16.56%
- 3Y*
- 1.70%
- 5Y*
- 2.99%
- 10Y*
- 7.91%
GLIN vs. IMVP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLIN VanEck Vectors India Growth Leaders ETF | -1.77% | -5.47% | 15.64% | 36.13% | -21.46% | 29.57% | -0.29% | -21.49% | -37.41% | 66.53% |
IMVP Invesco India ETF | -14.84% | 1.30% | 9.07% | 22.82% | -9.35% | 23.68% | 18.41% | 14.26% | -7.55% | 38.51% |
Correlation
The correlation between GLIN and IMVP is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2010 | 0.83 |
The correlation between GLIN and IMVP has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
GLIN vs. IMVP — Risk / Return Rank
GLIN
IMVP
GLIN vs. IMVP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors India Growth Leaders ETF (GLIN) and Invesco India ETF (IMVP). 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.
| GLIN | IMVP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.84 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | -0.81 | +0.63 |
| Martin ratioReturn relative to average drawdown | -0.59 | -1.67 | +1.08 |
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Drawdowns
GLIN vs. IMVP - Drawdown Comparison
The maximum GLIN drawdown since its inception was -79.36%, which is greater than IMVP's maximum drawdown of -64.54%. Use the drawdown chart below to compare losses from any high point for GLIN and IMVP.
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Drawdown Indicators
| GLIN | IMVP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.36% | -64.54% | -14.82% |
Max Drawdown (1Y)Largest decline over 1 year | -17.26% | -20.45% | +3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -26.77% | -25.80% | -0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -30.97% | -25.80% | -5.17% |
Max Drawdown (10Y)Largest decline over 10 years | -74.80% | -39.69% | -35.11% |
Current DrawdownCurrent decline from peak | -44.16% | -22.58% | -21.58% |
Average DrawdownAverage peak-to-trough decline | -50.91% | -16.73% | -34.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 9.95% | -4.72% |
Volatility
GLIN vs. IMVP - Volatility Comparison
VanEck Vectors India Growth Leaders ETF (GLIN) has a higher volatility of 5.79% compared to Invesco India ETF (IMVP) at 3.86%. This indicates that GLIN's price experiences larger fluctuations and is considered to be riskier than IMVP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLIN | IMVP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 3.86% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 15.78% | 14.43% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.25% | 16.43% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 16.18% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.65% | 19.50% | +4.15% |
GLIN vs. IMVP - Expense Ratio Comparison
GLIN has a 0.82% expense ratio, which is higher than IMVP's 0.78% expense ratio.
Dividends
GLIN vs. IMVP - Dividend Comparison
GLIN's dividend yield for the trailing twelve months is around 0.86%, less than IMVP's 11.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIN VanEck Vectors India Growth Leaders ETF | 0.86% | 0.84% | 3.58% | 0.96% | 1.70% | 0.00% | 0.24% | 1.42% | 0.12% | 0.10% | 1.39% | 3.11% |
IMVP Invesco India ETF | 11.84% | 7.39% | 8.48% | 2.08% | 14.07% | 6.95% | 0.72% | 36.35% | 0.96% | 1.01% | 1.18% | 0.61% |
Frequently Asked Questions
GLIN and IMVP have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLIN has higher volatility (5.79%) compared to IMVP (3.86%). In terms of maximum drawdown, GLIN dropped -79.36% vs IMVP's -64.54%.
On 10-year performance, IMVP leads with 7.91% vs 1.49% for GLIN. On fees, IMVP is cheaper at 0.78% per year. On volatility, IMVP has been the lower-risk option at 3.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IMVP has performed better with a 7.91% return vs 1.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IMVP is cheaper with a 0.78% expense ratio, compared with 0.82% for GLIN.
IMVP has the higher dividend yield at 11.84%, compared with 0.86% for GLIN.
GLIN is categorized as India Equities, while IMVP is Emerging Markets Equities. GLIN tracks MarketGrader India All-Cap Growth Leaders Index, while IMVP tracks FTSE India Quality and Yield Select Index. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.82% for GLIN and 0.78% for IMVP.
GLIN currently has the higher Sharpe Ratio (-0.17 vs -1.01), 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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