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IIND.L vs. NOK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IIND.L vs. NOK

Last updated Jun 16, 2026

IIND.L (iShares MSCI India UCITS ETF USD (Acc)) is Asia Pacific Equities fund tracking the MSCI India NR USD, while NOK (Nokia Corporation) is a stock. Over the past 5 years, IIND.L returned 5.13%/yr vs 27.32%/yr for NOK. At a 0.24 correlation, their price movements are largely independent.

Performance

IIND.L vs. NOK - 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 Nokia Corporation (NOK). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IIND.L is traded in GBP, while NOK is traded in USD. To make them comparable, the NOK 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 -10.18% return, which is significantly lower than NOK's 132.33% return.

IIND.L

1D
2.19%
1M
2.35%
YTD
-10.18%
6M
-9.43%
1Y
-9.05%
3Y*
3.91%
5Y*
5.13%
10Y*
—

NOK

1D
0.07%
1M
5.51%
YTD
132.33%
6M
140.71%
1Y
196.59%
3Y*
53.95%
5Y*
27.32%
10Y*
13.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IIND.L vs. NOK - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IIND.L
iShares MSCI India UCITS ETF USD (Acc)		-10.18%-2.94%11.13%12.43%2.72%26.95%10.48%3.72%-21.95%
NOK
Nokia Corporation		132.33%40.10%36.67%-27.77%-15.45%60.59%2.30%-37.39%2.89%

Correlation

The correlation between IIND.L and NOK is 0.07, 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

0.07

Correlation (3Y)
Calculated over the trailing 3-year period

0.12

Correlation (5Y)
Calculated over the trailing 5-year period

0.19

Correlation (All Time)
Calculated using the full available price history since May 29, 2018

0.24

The correlation between IIND.L and NOK shifts across timeframes, from 0.07 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

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iShares MSCI India UCITS ETF USD (Acc)

Nokia Corporation

Often compared with IIND.L:
IIND.L vs. FRIN.LIIND.L vs. INDAIIND.L vs. QDV5.DEIIND.L vs. FLINIIND.L vs. IS3N.DEIIND.L vs. 2B77.DEIIND.L vs. SPY
Often compared with NOK:
NOK vs. ERICNOK vs. LUMNNOK vs. MSFTNOK vs. CAP.PANOK vs. VOONOK vs. NOKIA.HENOK vs. UAA

Return for Risk

IIND.L vs. NOK — 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: 55
Overall Rank
IIND.L Sharpe Ratio Rank: 55
Sharpe Ratio Rank
IIND.L Sortino Ratio Rank: 44
Sortino Ratio Rank
IIND.L Omega Ratio Rank: 44
Omega Ratio Rank
IIND.L Calmar Ratio Rank: 66
Calmar Ratio Rank
IIND.L Martin Ratio Rank: 55
Martin Ratio Rank
NOK
NOK Risk / Return Rank: 9696
Overall Rank
NOK Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
NOK Sortino Ratio Rank: 9696
Sortino Ratio Rank
NOK Omega Ratio Rank: 9696
Omega Ratio Rank
NOK Calmar Ratio Rank: 9696
Calmar Ratio Rank
NOK Martin Ratio Rank: 9494
Martin Ratio Rank
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. NOK - 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 Nokia Corporation (NOK). 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.LNOKDifference
Sharpe ratioReturn per unit of total volatility
-0.57
3.74

-4.30

Sortino ratioReturn per unit of downside risk
-0.74
4.30

-5.04

Omega ratioGain probability vs. loss probability

0.92

1.59

-0.67

Calmar ratioReturn relative to maximum drawdown

-0.46

8.50

-8.96

Martin ratioReturn relative to average drawdown

-0.98

16.23

-17.20

IIND.L vs. NOK - Sharpe Ratio Comparison

The current IIND.L Sharpe Ratio is -0.57, which is lower than the NOK Sharpe Ratio of 3.74. The chart below compares the historical Sharpe Ratios of IIND.L and NOK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IIND.L vs. NOK - Drawdown Comparison

The maximum IIND.L drawdown since its inception was -45.07%, smaller than the maximum NOK drawdown of -92.96%. Use the drawdown chart below to compare losses from any high point for IIND.L and NOK.

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Drawdown Indicators

IIND.LNOKDifference

Max Drawdown

Largest peak-to-trough decline

-45.07%

-92.96%

+47.89%

Max Drawdown (1Y)

Largest decline over 1 year

-19.76%

-23.28%

+3.52%

Max Drawdown (3Y)

Largest decline over 3 years

-24.81%

-27.37%

+2.56%

Max Drawdown (5Y)

Largest decline over 5 years

-24.81%

-47.23%

+22.42%

Max Drawdown (10Y)

Largest decline over 10 years

—

-59.83%

—

Current Drawdown

Current decline from peak

-19.38%

-11.70%

-7.68%

Average Drawdown

Average peak-to-trough decline

-13.03%

-64.70%

+51.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.25%

12.17%

-2.92%

Volatility

IIND.L vs. NOK - Volatility Comparison

The current volatility for iShares MSCI India UCITS ETF USD (Acc) (IIND.L) is 5.20%, while Nokia Corporation (NOK) has a volatility of 24.24%. This indicates that IIND.L experiences smaller price fluctuations and is considered to be less risky than NOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IIND.LNOKDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.20%

24.24%

-19.04%

Volatility (6M)

Calculated over the trailing 6-month period

13.45%

40.95%

-27.50%

Volatility (1Y)

Calculated over the trailing 1-year period

15.89%

53.08%

-37.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.31%

35.74%

-14.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.99%

39.63%

-14.64%

Dividends

IIND.L vs. NOK - Dividend Comparison

IIND.L has not paid dividends to shareholders, while NOK's dividend yield for the trailing twelve months is around 1.11%.

PositionTTM20252024202320222021202020192018201720162015
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%
NOK
Nokia Corporation		1.11%2.45%3.17%3.51%1.32%0.00%0.00%3.01%4.06%4.07%6.02%2.22%

Frequently Asked Questions

IIND.L and NOK have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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