GLIN vs. IMVP
GLIN (VanEck Vectors India Growth Leaders ETF) and IMVP (Invesco India ETF) are both exchange-traded funds - GLIN is a Asia Pacific 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 2.82%/yr vs 8.82%/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 1.48% return, which is significantly higher than IMVP's -14.82% return. Over the past 10 years, GLIN has underperformed IMVP with an annualized return of 2.82%, while IMVP has yielded a comparatively higher 8.82% annualized return.
GLIN
- 1D
- -2.40%
- 1M
- 4.54%
- YTD
- 1.48%
- 6M
- 0.11%
- 1Y
- 0.38%
- 3Y*
- 11.98%
- 5Y*
- 5.66%
- 10Y*
- 2.82%
IMVP
- 1D
- -2.33%
- 1M
- -0.92%
- YTD
- -14.82%
- 6M
- -15.38%
- 1Y
- -15.46%
- 3Y*
- 3.28%
- 5Y*
- 3.04%
- 10Y*
- 8.82%
GLIN vs. IMVP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLIN VanEck Vectors India Growth Leaders ETF | 1.48% | -5.47% | 15.64% | 36.13% | -21.46% | 29.57% | -0.29% | -21.49% | -37.41% | 66.53% |
IMVP Invesco India ETF | -14.82% | 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 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
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 0.88 - 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 | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.85 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | -0.72 | +0.74 |
| Martin ratioReturn relative to average drawdown | 0.06 | -1.54 | +1.60 |
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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 | -18.56% | -21.44% | +2.88% |
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 | -42.32% | -22.56% | -19.76% |
Average DrawdownAverage peak-to-trough decline | -50.93% | -16.72% | -34.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.38% | 10.05% | -3.67% |
Volatility
GLIN vs. IMVP - Volatility Comparison
VanEck Vectors India Growth Leaders ETF (GLIN) has a higher volatility of 6.25% compared to Invesco India ETF (IMVP) at 5.38%. 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 | 6.25% | 5.38% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 15.84% | 14.55% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.07% | 16.44% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.32% | 16.18% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.67% | 19.54% | +4.13% |
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 0.83%, less than IMVP's 11.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIN VanEck Vectors India Growth Leaders ETF | 0.83% | 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 | 11.83% | 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 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLIN has higher volatility (6.25%) compared to IMVP (5.38%). In terms of maximum drawdown, GLIN dropped -79.36% vs IMVP's -64.54%.
On 10-year performance, IMVP leads with 8.82% vs 2.82% for GLIN. On fees, IMVP is cheaper at 0.78% per year. On volatility, IMVP has been the lower-risk option at 5.38%. 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 8.82% return vs 2.82%. 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 11.83%, compared with 0.83% for GLIN.
GLIN is categorized as Asia Pacific 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 (0.02 vs -0.94), 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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