IFN vs. INDA
Compare and contrast key facts about The India Fund (IFN) and iShares MSCI India ETF (INDA).
IFN is managed by India Fund. It was launched on Feb 25, 1994. INDA is a passively managed fund by iShares that tracks the performance of the MSCI India Index. It was launched on Feb 2, 2012.
Performance
IFN vs. INDA - Performance Comparison
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IFN vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IFN The India Fund | -14.65% | 0.42% | -2.26% | 36.48% | -15.85% | 22.31% | 12.25% | 11.27% | -5.33% | 37.15% |
INDA iShares MSCI India ETF | -13.34% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 14.83% | 6.49% | -6.67% | 36.08% |
Returns By Period
In the year-to-date period, IFN achieves a -14.65% return, which is significantly lower than INDA's -13.34% return. Both investments have delivered pretty close results over the past 10 years, with IFN having a 6.77% annualized return and INDA not far ahead at 6.88%.
IFN
- 1D
- 4.24%
- 1M
- -14.95%
- YTD
- -14.65%
- 6M
- -15.07%
- 1Y
- -16.89%
- 3Y*
- 2.90%
- 5Y*
- 1.01%
- 10Y*
- 6.77%
INDA
- 1D
- 3.13%
- 1M
- -10.39%
- YTD
- -13.34%
- 6M
- -10.03%
- 1Y
- -9.01%
- 3Y*
- 6.29%
- 5Y*
- 3.50%
- 10Y*
- 6.88%
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IFN vs. INDA - Expense Ratio Comparison
IFN has a 0.01% expense ratio, which is lower than INDA's 0.69% expense ratio.
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 The 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.
| IFN | INDA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.91 | -0.58 | -0.33 |
Sortino ratioReturn per unit of downside risk | -1.21 | -0.75 | -0.46 |
Omega ratioGain probability vs. loss probability | 0.85 | 0.91 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.46 | -0.17 |
Martin ratioReturn relative to average drawdown | -1.94 | -1.54 | -0.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IFN | INDA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.91 | -0.58 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.23 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.33 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.23 | 0.00 |
Correlation
The correlation between IFN and INDA is 0.79, 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.
Dividends
IFN vs. INDA - Dividend Comparison
IFN's dividend yield for the trailing twelve months is around 19.40%, while INDA has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFN The India Fund | 19.40% | 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% |
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 | -26.05% | -18.69% | -7.36% |
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 | -28.63% | -20.31% | -8.32% |
Average DrawdownAverage peak-to-trough decline | -25.89% | -9.48% | -16.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.47% | 5.61% | +2.86% |
Volatility
IFN vs. INDA - Volatility Comparison
The India Fund (IFN) has a higher volatility of 7.42% compared to iShares MSCI India ETF (INDA) at 6.88%. This indicates that IFN's price experiences larger fluctuations and is considered to be riskier 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 | 7.42% | 6.88% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 12.47% | 10.87% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.71% | 15.58% | +3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 15.38% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 21.12% | -2.23% |