IIND.L vs. IGC
IIND.L (iShares MSCI India UCITS ETF USD (Acc)) is Asia Pacific Equities fund tracking the MSCI India NR USD, while IGC (India Globalization Capital, Inc.) is a stock. Over the past 5 years, IIND.L returned 4.52%/yr vs -25.98%/yr for IGC. At a 0.10 correlation, their price movements are largely independent.
Performance
IIND.L vs. IGC - Performance Comparison
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Different Trading Currencies
IIND.L is traded in GBP, while IGC is traded in USD. To make them comparable, the IGC 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 -13.04% return, which is significantly lower than IGC's 4.44% return.
IIND.L
- 1D
- 1.17%
- 1M
- -1.77%
- YTD
- -13.04%
- 6M
- -13.23%
- 1Y
- -11.37%
- 3Y*
- 2.69%
- 5Y*
- 4.52%
- 10Y*
- —
IGC
- 1D
- -2.43%
- 1M
- -8.32%
- YTD
- 4.44%
- 6M
- -5.04%
- 1Y
- -3.29%
- 3Y*
- -5.37%
- 5Y*
- -25.98%
- 10Y*
- -3.71%
IIND.L vs. IGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IIND.L iShares MSCI India UCITS ETF USD (Acc) | -13.04% | -2.93% | 11.04% | 12.49% | 2.72% | 26.95% | 10.48% | 3.72% | 3.78% |
IGC India Globalization Capital, Inc. | 4.44% | -22.22% | 22.05% | -16.35% | -63.55% | -36.81% | 140.35% | 116.44% | -51.50% |
Correlation
The correlation between IIND.L and IGC is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 30, 2018 | 0.10 |
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Return for Risk
IIND.L vs. IGC — Risk / Return Rank
IIND.L
IGC
IIND.L vs. IGC - 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 India Globalization Capital, Inc. (IGC). 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 | IGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.04 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | -0.07 | -0.50 |
| Martin ratioReturn relative to average drawdown | -1.28 | -0.11 | -1.17 |
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
| IIND.L | IGC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.72 | -0.06 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | -0.29 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | -0.13 | +0.44 |
Drawdowns
IIND.L vs. IGC - Drawdown Comparison
The maximum IIND.L drawdown since its inception was -36.72%, smaller than the maximum IGC drawdown of -99.70%. Use the drawdown chart below to compare losses from any high point for IIND.L and IGC.
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Drawdown Indicators
| IIND.L | IGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.72% | -99.70% | +62.98% |
Max Drawdown (1Y)Largest decline over 1 year | -19.77% | -47.49% | +27.72% |
Max Drawdown (3Y)Largest decline over 3 years | -24.77% | -66.36% | +41.59% |
Max Drawdown (5Y)Largest decline over 5 years | -24.77% | -90.98% | +66.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.17% | — |
Current DrawdownCurrent decline from peak | -21.93% | -99.28% | +77.35% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -88.97% | +81.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.85% | 28.94% | -20.09% |
Volatility
IIND.L vs. IGC - Volatility Comparison
The current volatility for iShares MSCI India UCITS ETF USD (Acc) (IIND.L) is 6.07%, while India Globalization Capital, Inc. (IGC) has a volatility of 9.12%. This indicates that IIND.L experiences smaller price fluctuations and is considered to be less risky than IGC 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 | IGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 9.12% | -3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 13.29% | 37.46% | -24.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.71% | 57.20% | -41.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 90.40% | -74.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.76% | 208.47% | -187.71% |
Dividends
IIND.L vs. IGC - Dividend Comparison
Neither IIND.L nor IGC has paid dividends to shareholders.
Frequently Asked Questions
IIND.L and IGC have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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