IFN vs. INDA
IFN (Aberdeen India Fund) and INDA (iShares MSCI India ETF) are both funds - IFN is a Emerging Markets Equities fund managed by Aberdeen, while INDA is a India Equities fund tracking the MSCI India Index. Over the past 10 years, IFN returned 6.36%/yr vs 6.56%/yr for INDA. Their 0.78 correlation means they have sometimes moved together and sometimes differently. IFN charges 0.01%/yr vs 0.69%/yr for INDA.
Performance
IFN vs. INDA - Performance Comparison
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Returns By Period
In the year-to-date period, IFN achieves a -8.68% return, which is significantly lower than INDA's -7.86% return. Both investments have delivered pretty close results over the past 10 years, with IFN having a 6.36% annualized return and INDA not far ahead at 6.56%.
IFN
- 1D
- -0.26%
- 1M
- 0.09%
- 6M
- -7.67%
- YTD
- -8.68%
- 1Y
- -11.96%
- 3Y*
- 0.40%
- 5Y*
- 1.54%
- 10Y*
- 6.36%
- ALL TIME*
- 7.57%
INDA
- 1D
- 0.20%
- 1M
- 0.48%
- 6M
- -3.75%
- YTD
- -7.86%
- 1Y
- -5.54%
- 3Y*
- 4.09%
- 5Y*
- 3.65%
- 10Y*
- 6.56%
- ALL TIME*
- 5.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.78M | $1.59M | $1.78M | |
| $354.20M | $298.51M | $312.64M |
IFN vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IFN Aberdeen India Fund | -8.68% | 0.42% | -2.26% | 36.48% | -15.85% | 22.31% | 12.25% | 11.27% | -5.33% | 37.15% |
INDA iShares MSCI India ETF | -7.86% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 14.83% | 6.49% | -6.67% | 36.08% |
Correlation
The correlation between IFN and INDA is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.78 |
The correlation between IFN and INDA has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
IFN vs. INDA — Risk / Return Rank
IFN
INDA
IFN vs. INDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aberdeen India Fund (IFN) and iShares MSCI India ETF (INDA). 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.
| IFN | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.95 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.30 | -0.20 |
| Martin ratioReturn relative to average drawdown | -1.04 | -0.66 | -0.37 |
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Drawdowns
IFN vs. INDA - Drawdown Comparison
The maximum IFN drawdown since its inception was -71.52%, which is greater than INDA's maximum drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for IFN and INDA.
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Drawdown Indicators
| IFN | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.52% | -45.07% | -26.45% |
Max Drawdown (1Y)Largest decline over 1 year | -22.99% | -17.85% | -5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -31.53% | -22.72% | -8.81% |
Max Drawdown (5Y)Largest decline over 5 years | -31.53% | -22.72% | -8.81% |
Max Drawdown (10Y)Largest decline over 10 years | -41.48% | -45.07% | +3.59% |
Current DrawdownCurrent decline from peak | -23.64% | -15.27% | -8.37% |
Average DrawdownAverage peak-to-trough decline | -25.88% | -9.65% | -16.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.11% | 8.16% | +2.95% |
Volatility
IFN vs. INDA - Volatility Comparison
The current volatility for Aberdeen India Fund (IFN) is 3.30%, while iShares MSCI India ETF (INDA) has a volatility of 4.11%. This indicates that IFN experiences smaller price fluctuations and is considered to be less risky than INDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFN | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 4.11% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 14.15% | 13.19% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.70% | 15.11% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.77% | 15.50% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 21.07% | -2.19% |
IFN vs. INDA - Expense Ratio Comparison
IFN has a 0.01% expense ratio, which is lower than INDA's 0.69% expense ratio.
Dividends
IFN vs. INDA - Dividend Comparison
IFN's dividend yield for the trailing twelve months is around 18.58%, while INDA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFN Aberdeen India Fund | 18.58% | 16.09% | 14.60% | 8.97% | 21.47% | 15.21% | 9.77% | 11.57% | 22.25% | 12.11% | 7.97% | 8.02% |
INDA iShares MSCI India ETF | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
Frequently Asked Questions
IFN and INDA have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INDA has higher volatility (4.11%) compared to IFN (3.30%). In terms of maximum drawdown, IFN dropped -71.52% vs INDA's -45.07%.
INDA currently has the higher Sharpe Ratio (-0.36 vs -0.69), 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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