IIND.L vs. ^GSPC
IIND.L (iShares MSCI India UCITS ETF USD (Acc)) is Asia Pacific Equities fund tracking the MSCI India NR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, IIND.L returned 5.67%/yr vs 12.57%/yr for ^GSPC. At a 0.32 correlation, their price movements are largely independent.
Performance
IIND.L vs. ^GSPC - Performance Comparison
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Different Trading Currencies
IIND.L is traded in GBP, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IIND.L achieves a -7.70% return, which is significantly lower than ^GSPC's 9.72% return.
IIND.L
- 1D
- -0.30%
- 1M
- 5.01%
- YTD
- -7.70%
- 6M
- -7.45%
- 1Y
- -7.83%
- 3Y*
- 5.04%
- 5Y*
- 5.67%
- 10Y*
- —
^GSPC
- 1D
- -0.23%
- 1M
- -0.30%
- YTD
- 9.72%
- 6M
- 8.62%
- 1Y
- 25.01%
- 3Y*
- 17.86%
- 5Y*
- 12.57%
- 10Y*
- 13.93%
IIND.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IIND.L iShares MSCI India UCITS ETF USD (Acc) | -7.70% | -2.94% | 11.13% | 12.43% | 2.72% | 26.95% | 10.48% | 3.72% | -21.95% |
^GSPC S&P 500 Index | 9.72% | 8.10% | 25.46% | 18.02% | -9.86% | 28.09% | 12.84% | 23.98% | -3.97% |
Correlation
The correlation between IIND.L and ^GSPC is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 29, 2018 | 0.32 |
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Return for Risk
IIND.L vs. ^GSPC — Risk / Return Rank
IIND.L
^GSPC
IIND.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India UCITS ETF USD (Acc) (IIND.L) and S&P 500 Index (^GSPC). 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.
| IIND.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.35 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.39 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 3.13 | -3.52 |
| Martin ratioReturn relative to average drawdown | -0.82 | 11.46 | -12.29 |
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Drawdowns
IIND.L vs. ^GSPC - Drawdown Comparison
The maximum IIND.L drawdown since its inception was -45.07%, which is greater than ^GSPC's maximum drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for IIND.L and ^GSPC.
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Drawdown Indicators
| IIND.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.07% | -37.07% | -8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -19.76% | -8.03% | -11.73% |
Max Drawdown (3Y)Largest decline over 3 years | -24.81% | -22.15% | -2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -24.81% | -22.15% | -2.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | -17.16% | -1.82% | -15.34% |
Average DrawdownAverage peak-to-trough decline | -13.05% | -5.30% | -7.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.51% | 2.19% | +7.32% |
Volatility
IIND.L vs. ^GSPC - Volatility Comparison
iShares MSCI India UCITS ETF USD (Acc) (IIND.L) has a higher volatility of 5.37% compared to S&P 500 Index (^GSPC) at 4.33%. This indicates that IIND.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIND.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 4.33% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 13.62% | 8.97% | +4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 12.03% | +3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.35% | 15.96% | +5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.97% | 18.09% | +6.88% |
Frequently Asked Questions
IIND.L and ^GSPC have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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