IIND.L vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI India UCITS ETF USD (Acc) (IIND.L) and S&P 500 Index (^GSPC).

IIND.L is a passively managed fund by iShares that tracks the performance of the MSCI India NR USD. It was launched on May 25, 2018.

Performance

IIND.L vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI India UCITS ETF USD (Acc) (IIND.L) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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)	-14.98%	-2.93%	11.04%	12.49%	2.72%	26.95%	10.48%	3.72%	3.78%
^GSPC S&P 500 Index	-2.36%	8.10%	25.46%	18.02%	-9.86%	28.09%	12.84%	23.98%	-3.15%

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 -14.98% return, which is significantly lower than ^GSPC's -2.82% return.

IIND.L

• 1D: 0.65%
• 1M: -9.60%
• YTD: -14.98%
• 6M: -11.87%
• 1Y: -11.90%
• 3Y*: 4.44%
• 5Y*: 5.16%
• 10Y*: —

^GSPC

• 1D: 0.00%
• 1M: -3.82%
• YTD: -2.82%
• 6M: -0.84%
• 1Y: 13.26%
• 3Y*: 14.01%
• 5Y*: 11.18%
• 10Y*: 12.98%

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

Return for Risk

IIND.L vs. ^GSPC — Risk / Return Rank

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

IIND.L

IIND.L Risk / Return Rank: 2
IIND.L Sharpe Ratio Rank: 2
IIND.L Sortino Ratio Rank: 2
IIND.L Omega Ratio Rank: 2
IIND.L Calmar Ratio Rank: 3
IIND.L Martin Ratio Rank: 0

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

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.

	IIND.L	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.73	0.71	-1.44
Sortino ratio Return per unit of downside risk	-0.96	1.11	-2.08
Omega ratio Gain probability vs. loss probability	0.89	1.17	-0.28
Calmar ratio Return relative to maximum drawdown	-0.63	1.18	-1.81
Martin ratio Return relative to average drawdown	-1.98	4.60	-6.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IIND.L vs. ^GSPC - Sharpe Ratio Comparison

The current IIND.L Sharpe Ratio is -0.73, which is lower than the ^GSPC Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of IIND.L and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IIND.L	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.73	0.71	-1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.71	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.54	-0.25

Correlation

The correlation between IIND.L and ^GSPC is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

IIND.L vs. ^GSPC - Drawdown Comparison

The maximum IIND.L drawdown since its inception was -36.72%, roughly equal to the maximum ^GSPC drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for IIND.L and ^GSPC.

Drawdown Indicators

	IIND.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-36.72%	-56.78%	+20.06%
Max Drawdown (1Y) Largest decline over 1 year	-19.77%	-12.14%	-7.63%
Max Drawdown (5Y) Largest decline over 5 years	-24.77%	-25.43%	+0.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-23.68%	-5.78%	-17.90%
Average Drawdown Average peak-to-trough decline	-7.48%	-10.75%	+3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.29%	2.60%	+3.69%

Volatility

IIND.L vs. ^GSPC - Volatility Comparison

iShares MSCI India UCITS ETF USD (Acc) (IIND.L) has a higher volatility of 5.87% compared to S&P 500 Index (^GSPC) at 4.54%. 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.

Volatility by Period

	IIND.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	4.54%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	11.22%	9.49%	+1.73%
Volatility (1Y) Calculated over the trailing 1-year period	16.21%	18.75%	-2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.03%	15.90%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.75%	18.17%	+2.58%