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IIND.L vs. XKS2.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IIND.L vs. XKS2.L

Last updated Jun 5, 2026

IIND.L (iShares MSCI India UCITS ETF USD (Acc)) and XKS2.L (Xtrackers MSCI Korea UCITS ETF 1C) are both Asia Pacific Equities funds - IIND.L tracks the MSCI India NR USD while XKS2.L tracks the MSCI Korea NR USD. Both are passively managed. Over the past 5 years, IIND.L returned 4.52%/yr vs 19.87%/yr for XKS2.L. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.65% expense ratio.

Performance

IIND.L vs. XKS2.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 Xtrackers MSCI Korea UCITS ETF 1C (XKS2.L). 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 XKS2.L is traded in GBp. To make them comparable, the XKS2.L 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 XKS2.L's 107.22% 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*
—

XKS2.L

1D
-4.89%
1M
17.08%
YTD
107.22%
6M
125.61%
1Y
237.24%
3Y*
45.20%
5Y*
19.87%
10Y*
17.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IIND.L vs. XKS2.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
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%
XKS2.L
Xtrackers MSCI Korea UCITS ETF 1C		107.22%85.79%-21.66%13.44%-19.57%-7.21%38.65%7.36%-15.76%

Correlation

The correlation between IIND.L and XKS2.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

0.27

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

0.29

Correlation (All Time)
Calculated using the full available price history since May 30, 2018

0.40

The correlation between IIND.L and XKS2.L shifts across timeframes, from 0.27 (3 years) to 0.40 (all time), reflecting how their relationship changes across market environments.

IIND.L vs. XKS2.L - Sectors Allocation Comparison

Sectors
IIND.L
XKS2.L

Financial Services

28.3%
9.2%

Consumer Cyclical

12.5%
5.7%

Industrials

10.3%
18.7%

Energy

9.5%
1.1%

Technology

8.3%
56.0%

Basic Materials

8.0%
2.0%

Consumer Defensive

6.2%
1.4%

Healthcare

6.2%
3.0%

Communication Services

4.7%
2.6%

Utilities

4.6%
0.4%

Real Estate

1.4%

-

Financial Services

IIND.L
28.3%
XKS2.L
9.2%

Consumer Cyclical

IIND.L
12.5%
XKS2.L
5.7%

Industrials

IIND.L
10.3%
XKS2.L
18.7%

Energy

IIND.L
9.5%
XKS2.L
1.1%

Technology

IIND.L
8.3%
XKS2.L
56.0%

Basic Materials

IIND.L
8.0%
XKS2.L
2.0%

Consumer Defensive

IIND.L
6.2%
XKS2.L
1.4%

Healthcare

IIND.L
6.2%
XKS2.L
3.0%

Communication Services

IIND.L
4.7%
XKS2.L
2.6%

Utilities

IIND.L
4.6%
XKS2.L
0.4%

Real Estate

IIND.L
1.4%
XKS2.L

-

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iShares MSCI India UCITS ETF USD (Acc)

Xtrackers MSCI Korea UCITS ETF 1C

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 XKS2.L:
XKS2.L vs. LDAG.LXKS2.L vs. HMXD.LXKS2.L vs. UB20.LXKS2.L vs. AUAD.LXKS2.L vs. APEX.LXKS2.L vs. FLRK.LXKS2.L vs. PADV.L

Return for Risk

IIND.L vs. XKS2.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: 33
Overall Rank
IIND.L Sharpe Ratio Rank: 33
Sharpe Ratio Rank
IIND.L Sortino Ratio Rank: 33
Sortino Ratio Rank
IIND.L Omega Ratio Rank: 33
Omega Ratio Rank
IIND.L Calmar Ratio Rank: 44
Calmar Ratio Rank
IIND.L Martin Ratio Rank: 33
Martin Ratio Rank
XKS2.L
XKS2.L Risk / Return Rank: 9797
Overall Rank
XKS2.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
XKS2.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
XKS2.L Omega Ratio Rank: 9797
Omega Ratio Rank
XKS2.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
XKS2.L Martin Ratio Rank: 9797
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. XKS2.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 Xtrackers MSCI Korea UCITS ETF 1C (XKS2.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.

IIND.LXKS2.LDifference
Sharpe ratioReturn per unit of total volatility
-0.72
6.41

-7.13

Sortino ratioReturn per unit of downside risk
-0.96
5.85

-6.80

Omega ratioGain probability vs. loss probability

0.89

1.85

-0.96

Calmar ratioReturn relative to maximum drawdown

-0.57

11.05

-11.62

Martin ratioReturn relative to average drawdown

-1.28

39.18

-40.46

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. XKS2.L - Sharpe Ratio Comparison

The current IIND.L Sharpe Ratio is -0.72, which is lower than the XKS2.L Sharpe Ratio of 6.41. The chart below compares the historical Sharpe Ratios of IIND.L and XKS2.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.

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Sharpe Ratios by Period

IIND.LXKS2.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.72

6.41

-7.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

0.79

-0.51

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.73

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.30

0.38

-0.08

Drawdowns

IIND.L vs. XKS2.L - Drawdown Comparison

The maximum IIND.L drawdown since its inception was -36.72%, smaller than the maximum XKS2.L drawdown of -62.63%. Use the drawdown chart below to compare losses from any high point for IIND.L and XKS2.L.

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Drawdown Indicators

IIND.LXKS2.LDifference

Max Drawdown

Largest peak-to-trough decline

-36.72%

-62.63%

+25.91%

Max Drawdown (1Y)

Largest decline over 1 year

-19.77%

-21.33%

+1.56%

Max Drawdown (3Y)

Largest decline over 3 years

-24.77%

-28.70%

+3.93%

Max Drawdown (5Y)

Largest decline over 5 years

-24.77%

-40.70%

+15.93%

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.01%

—

Current Drawdown

Current decline from peak

-21.93%

-5.27%

-16.66%

Average Drawdown

Average peak-to-trough decline

-7.75%

-15.75%

+8.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.85%

6.03%

+2.82%

Volatility

IIND.L vs. XKS2.L - Volatility Comparison

The current volatility for iShares MSCI India UCITS ETF USD (Acc) (IIND.L) is 6.07%, while Xtrackers MSCI Korea UCITS ETF 1C (XKS2.L) has a volatility of 17.29%. This indicates that IIND.L experiences smaller price fluctuations and is considered to be less risky than XKS2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IIND.LXKS2.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.07%

17.29%

-11.22%

Volatility (6M)

Calculated over the trailing 6-month period

13.29%

32.10%

-18.81%

Volatility (1Y)

Calculated over the trailing 1-year period

15.71%

36.79%

-21.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.11%

25.17%

-9.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.76%

24.35%

-3.59%

IIND.L vs. XKS2.L - Expense Ratio Comparison

Both IIND.L and XKS2.L have an expense ratio of 0.65%.

Dividends

IIND.L vs. XKS2.L - Dividend Comparison

Neither IIND.L nor XKS2.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

IIND.L and XKS2.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.

Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

IIND.L and XKS2.L have the same expense ratio: 0.65% per year.

IIND.L tracks MSCI India NR USD, while XKS2.L tracks MSCI Korea NR USD. They also come from different issuers: iShares and Xtrackers.

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