GLIN vs. INDY
Compare and contrast key facts about VanEck Vectors India Growth Leaders ETF (GLIN) and iShares India 50 ETF (INDY).
GLIN and INDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLIN is a passively managed fund by VanEck that tracks the performance of the MarketGrader India All-Cap Growth Leaders Index. It was launched on Aug 24, 2010. INDY is a passively managed fund by iShares that tracks the performance of the S&P CNX Nifty Index. It was launched on Nov 18, 2009. Both GLIN and INDY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLIN or INDY.
Key characteristics
| GLIN | INDY | |
|---|---|---|
| YTD Return | 14.24% | 5.14% |
| 1Y Return | 25.32% | 14.12% |
| 3Y Return (Ann) | 6.45% | 2.72% |
| 5Y Return (Ann) | 9.98% | 9.13% |
| 10Y Return (Ann) | 1.42% | 6.57% |
| Sharpe Ratio | 1.56 | 1.16 |
| Sortino Ratio | 2.05 | 1.59 |
| Omega Ratio | 1.31 | 1.23 |
| Calmar Ratio | 0.52 | 1.62 |
| Martin Ratio | 10.36 | 5.95 |
| Ulcer Index | 2.62% | 2.63% |
| Daily Std Dev | 17.35% | 13.41% |
| Max Drawdown | -79.39% | -44.74% |
| Current Drawdown | -40.67% | -9.62% |
Correlation
The correlation between GLIN and INDY is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GLIN vs. INDY - Performance Comparison
In the year-to-date period, GLIN achieves a 14.24% return, which is significantly higher than INDY's 5.14% return. Over the past 10 years, GLIN has underperformed INDY with an annualized return of 1.42%, while INDY has yielded a comparatively higher 6.57% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GLIN vs. INDY - Expense Ratio Comparison
GLIN has a 0.82% expense ratio, which is lower than INDY's 0.94% expense ratio.
Risk-Adjusted Performance
GLIN vs. INDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors India Growth Leaders ETF (GLIN) and iShares India 50 ETF (INDY). 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.
Dividends
GLIN vs. INDY - Dividend Comparison
GLIN's dividend yield for the trailing twelve months is around 0.84%, more than INDY's 0.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIN VanEck Vectors India Growth Leaders ETF | 0.84% | 0.96% | 1.70% | 0.00% | 0.24% | 1.29% | 0.12% | 0.10% | 1.39% | 3.11% | 0.97% | 0.44% |
INDY iShares India 50 ETF | 0.31% | 0.39% | 3.75% | 7.12% | 0.08% | 0.58% | 0.59% | 0.27% | 0.48% | 0.57% | 0.52% | 0.77% |
Drawdowns
GLIN vs. INDY - Drawdown Comparison
The maximum GLIN drawdown since its inception was -79.39%, which is greater than INDY's maximum drawdown of -44.74%. Use the drawdown chart below to compare losses from any high point for GLIN and INDY. For additional features, visit the drawdowns tool.
Volatility
GLIN vs. INDY - Volatility Comparison
VanEck Vectors India Growth Leaders ETF (GLIN) has a higher volatility of 4.19% compared to iShares India 50 ETF (INDY) at 3.03%. This indicates that GLIN's price experiences larger fluctuations and is considered to be riskier than INDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.