IIND.L vs. DBRC.L

Last updated Jul 18, 2026

IIND.L (iShares MSCI India UCITS ETF USD (Acc)) and DBRC.L (iShares BIC 50 UCITS ETF USD (Dist)) are both exchange-traded funds - IIND.L is a India Equities fund tracking the MSCI India NR USD, while DBRC.L is a Emerging Markets Equities fund tracking the FTSE BIC 50 Net of Tax Index. Both are passively managed. Over the past 5 years, IIND.L returned 5.16%/yr vs -6.44%/yr for DBRC.L. At a 0.34 correlation, their price movements are largely independent. IIND.L charges 0.65%/yr vs 0.74%/yr for DBRC.L.

Performance

IIND.L vs. DBRC.L - 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 iShares BIC 50 UCITS ETF USD (Dist) (DBRC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IIND.L is traded in GBP, while DBRC.L is traded in USD. To make them comparable, the DBRC.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with IIND.L having a -9.63% return and DBRC.L slightly higher at -9.48%.

IIND.L

• 1D: 1.08%
• 1M: -0.45%
• 6M: -7.85%
• YTD: -9.63%
• 1Y: -10.85%
• 3Y*: 3.48%
• 5Y*: 5.16%
• 10Y*: —

DBRC.L

• 1D: 0.88%
• 1M: 1.73%
• 6M: -12.45%
• YTD: -9.48%
• 1Y: -5.47%
• 3Y*: 6.50%
• 5Y*: -6.44%
• 10Y*: 2.17%

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

IIND.L vs. DBRC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IIND.L iShares MSCI India UCITS ETF USD (Acc)	-9.63%	-2.94%	11.13%	12.43%	2.72%	26.95%	10.48%	3.72%	-21.95%
DBRC.L iShares BIC 50 UCITS ETF USD (Dist)	-9.48%	20.41%	15.79%	-12.21%	-20.51%	-23.21%	16.51%	17.18%	-6.84%

Correlation

The correlation between IIND.L and DBRC.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since May 29, 2018	0.34

The correlation between IIND.L and DBRC.L shifts across timeframes, from 0.22 (3 years) to 0.34 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IIND.L vs. DBRC.L — 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: 4
IIND.L Sharpe Ratio Rank: 4
IIND.L Sortino Ratio Rank: 4
IIND.L Omega Ratio Rank: 4
IIND.L Calmar Ratio Rank: 5
IIND.L Martin Ratio Rank: 4

DBRC.L

DBRC.L Risk / Return Rank: 8
DBRC.L Sharpe Ratio Rank: 8
DBRC.L Sortino Ratio Rank: 8
DBRC.L Omega Ratio Rank: 8
DBRC.L Calmar Ratio Rank: 9
DBRC.L Martin Ratio Rank: 8

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. DBRC.L - 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 iShares BIC 50 UCITS ETF USD (Dist) (DBRC.L). 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	DBRC.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.67	-0.23	-0.43
Sortino ratio: Return per unit of downside risk	-0.89	-0.20	-0.69
Omega ratio: Gain probability vs. loss probability	0.90	0.98	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.55	-0.18	-0.36
Martin ratio: Return relative to average drawdown	-1.09	-0.41	-0.68

IIND.L vs. DBRC.L - Sharpe Ratio Comparison

The current IIND.L Sharpe Ratio is -0.67, which is lower than the DBRC.L Sharpe Ratio of -0.23. The chart below compares the historical Sharpe Ratios of IIND.L and DBRC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IIND.L vs. DBRC.L - Drawdown Comparison

The maximum IIND.L drawdown since its inception was -45.07%, smaller than the maximum DBRC.L drawdown of -64.12%. Use the drawdown chart below to compare losses from any high point for IIND.L and DBRC.L.

Drawdown Indicators

	IIND.L	DBRC.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.07%	-64.12%	+19.05%
Max Drawdown (1Y) Largest decline over 1 year	-19.76%	-24.76%	+5.00%
Max Drawdown (3Y) Largest decline over 3 years	-24.81%	-24.76%	-0.05%
Max Drawdown (5Y) Largest decline over 5 years	-24.81%	-49.24%	+24.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-59.33%	—
Current Drawdown Current decline from peak	-18.89%	-41.83%	+22.94%
Average Drawdown Average peak-to-trough decline	-13.09%	-22.18%	+9.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.98%	11.18%	-1.20%

Volatility

IIND.L vs. DBRC.L - Volatility Comparison

The current volatility for iShares MSCI India UCITS ETF USD (Acc) (IIND.L) is 4.24%, while iShares BIC 50 UCITS ETF USD (Dist) (DBRC.L) has a volatility of 5.43%. This indicates that IIND.L experiences smaller price fluctuations and is considered to be less risky than DBRC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IIND.L	DBRC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	5.43%	-1.19%
Volatility (6M) Calculated over the trailing 6-month period	13.77%	14.22%	-0.45%
Volatility (1Y) Calculated over the trailing 1-year period	16.20%	19.42%	-3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.38%	29.11%	-7.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.90%	25.90%	-1.00%

IIND.L vs. DBRC.L - Expense Ratio Comparison

IIND.L has a 0.65% expense ratio, which is lower than DBRC.L's 0.74% expense ratio.

Dividends

IIND.L vs. DBRC.L - Dividend Comparison

IIND.L has not paid dividends to shareholders, while DBRC.L's dividend yield for the trailing twelve months is around 1.60%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBRC.L iShares BIC 50 UCITS ETF USD (Dist)	1.60%	1.74%	2.81%	2.60%	3.58%	1.58%	1.43%	2.02%	2.96%	1.94%	1.89%	2.68%
IIND.L iShares MSCI India UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IIND.L and DBRC.L in my portfolio?

IIND.L and DBRC.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IIND.L or DBRC.L?

On fees, IIND.L is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IIND.L or DBRC.L?

IIND.L is cheaper with a 0.65% expense ratio, compared with 0.74% for DBRC.L.

What is the main difference between IIND.L and DBRC.L?

IIND.L is categorized as India Equities, while DBRC.L is Emerging Markets Equities. IIND.L tracks MSCI India NR USD, while DBRC.L tracks FTSE BIC 50 Net of Tax Index. Their fees differ too: 0.65% for IIND.L and 0.74% for DBRC.L.