GLIN vs. IND

Last updated Jul 14, 2026

GLIN (VanEck Vectors India Growth Leaders ETF) and IND (Xtrackers Nifty 500 India ETF) are both India Equities funds - GLIN tracks the MarketGrader India All-Cap Growth Leaders Index while IND tracks the Nifty 500 Index. Both are passively managed. A 0.78 correlation means they provide meaningful diversification when combined. GLIN charges 0.82%/yr vs 0.19%/yr for IND.

Performance

GLIN vs. IND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors India Growth Leaders ETF (GLIN) and Xtrackers Nifty 500 India ETF (IND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLIN achieves a -1.77% return, which is significantly higher than IND's -8.13% 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%

IND

• 1D: -0.09%
• 1M: 2.98%
• 6M: -6.90%
• YTD: -8.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLIN vs. IND - Yearly Performance Comparison

	2026 (YTD)	2025
GLIN VanEck Vectors India Growth Leaders ETF	-1.77%	1.12%
IND Xtrackers Nifty 500 India ETF	-8.13%	-0.34%

Correlation

The correlation between GLIN and IND is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.78

Return for Risk

GLIN vs. IND — Risk / Return Rank

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

GLIN

GLIN Risk / Return Rank: 7
GLIN Sharpe Ratio Rank: 8
GLIN Sortino Ratio Rank: 7
GLIN Omega Ratio Rank: 7
GLIN Calmar Ratio Rank: 7
GLIN Martin Ratio Rank: 6

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.

GLIN vs. IND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors India Growth Leaders ETF (GLIN) 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.

	GLIN	IND	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	—	—
Sortino ratio: Return per unit of downside risk	-0.12	—	—
Omega ratio: Gain probability vs. loss probability	0.99	—	—
Calmar ratio: Return relative to maximum drawdown	-0.18	—	—
Martin ratio: Return relative to average drawdown	-0.59	—	—

Drawdowns

GLIN vs. IND - Drawdown Comparison

The maximum GLIN drawdown since its inception was -79.36%, which is greater than IND's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for GLIN and IND.

Drawdown Indicators

	GLIN	IND	Difference
Max Drawdown Largest peak-to-trough decline	-79.36%	-18.75%	-60.61%
Max Drawdown (1Y) Largest decline over 1 year	-17.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.97%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-74.80%	—	—
Current Drawdown Current decline from peak	-44.16%	-9.32%	-34.84%
Average Drawdown Average peak-to-trough decline	-50.91%	-7.86%	-43.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.23%	—	—

Volatility

Volatility by Period

	GLIN	IND	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.25%	19.29%	-1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.36%	19.29%	-0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.65%	19.29%	+4.36%

GLIN vs. IND - Expense Ratio Comparison

GLIN has a 0.82% expense ratio, which is higher than IND's 0.19% expense ratio.

Dividends

GLIN vs. IND - Dividend Comparison

GLIN's dividend yield for the trailing twelve months is around 0.86%, more than IND's 0.34% 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%
IND Xtrackers Nifty 500 India ETF	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GLIN and IND in my portfolio?

GLIN and IND have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLIN 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, GLIN or IND?

IND is cheaper with a 0.19% expense ratio, compared with 0.82% for GLIN.

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

GLIN has the higher dividend yield at 0.86%, compared with 0.34% for IND.

What is the main difference between GLIN and IND?

GLIN tracks MarketGrader India All-Cap Growth Leaders Index, while IND tracks Nifty 500 Index. They also come from different issuers: VanEck and Xtrackers. Their fees differ too: 0.82% for GLIN and 0.19% for IND.