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 1.28%/yr vs 7.80%/yr for IMVP. Their correlation of 0.83 means they have usually moved in the same direction. 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 -1.80% return, which is significantly higher than IMVP's -14.53% return. Over the past 10 years, GLIN has underperformed IMVP with an annualized return of 1.28%, while IMVP has yielded a comparatively higher 7.80% annualized return.
GLIN
- 1D
- 0.73%
- 1M
- -1.96%
- 6M
- -0.12%
- YTD
- -1.80%
- 1Y
- 2.61%
- 3Y*
- 8.41%
- 5Y*
- 3.80%
- 10Y*
- 1.28%
- ALL TIME*
- -2.36%
IMVP
- 1D
- -0.15%
- 1M
- 0.20%
- 6M
- -10.74%
- YTD
- -14.53%
- 1Y
- -12.89%
- 3Y*
- 1.58%
- 5Y*
- 2.76%
- 10Y*
- 7.80%
- ALL TIME*
- 3.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $408.40K | $392.00K | $454.19K | |
| $2.47M | $1.44M | $1.18M |
GLIN vs. IMVP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLIN VanEck Vectors India Growth Leaders ETF | -1.80% | -5.47% | 15.64% | 36.13% | -21.46% | 29.57% | -0.29% | -21.49% | -37.41% | 66.53% |
IMVP Invesco India ETF | -14.53% | 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, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.88 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | -0.63 | +0.80 |
| Martin ratioReturn relative to average drawdown | 0.59 | -1.24 | +1.83 |
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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 | -17.07% | -20.00% | +2.93% |
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 | -44.18% | -22.29% | -21.89% |
Average DrawdownAverage peak-to-trough decline | -50.89% | -16.75% | -34.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 10.24% | -5.49% |
Volatility
GLIN vs. IMVP - Volatility Comparison
VanEck Vectors India Growth Leaders ETF (GLIN) has a higher volatility of 4.79% compared to Invesco India ETF (IMVP) at 3.32%. 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 | 4.79% | 3.32% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 15.62% | 14.39% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 16.47% | +1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 16.18% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.64% | 19.50% | +4.14% |
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 11.79% 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 | 11.79% | 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 (4.79%) compared to IMVP (3.32%). In terms of maximum drawdown, GLIN dropped -79.36% vs IMVP's -64.54%.
On 10-year performance, IMVP leads with 7.80% vs 1.28% for GLIN. On fees, IMVP is cheaper at 0.78% per year. On volatility, IMVP has been the lower-risk option at 3.32%. 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 7.80% return vs 1.28%. 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 11.79%, 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 (0.16 vs -0.77), 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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