IIND.L vs. ^GSPC
Compare and contrast key facts about iShares MSCI India UCITS ETF USD (Acc) (IIND.L) and S&P 500 (^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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IIND.L or ^GSPC.
Key characteristics
| IIND.L | ^GSPC | |
|---|---|---|
| YTD Return | 17.84% | 17.95% |
| 1Y Return | 25.03% | 24.88% |
| 3Y Return (Ann) | 11.61% | 8.21% |
| 5Y Return (Ann) | 14.20% | 13.37% |
| Sharpe Ratio | 1.66 | 2.03 |
| Daily Std Dev | 15.15% | 12.77% |
| Max Drawdown | -36.72% | -56.78% |
| Current Drawdown | -1.85% | -0.73% |
Correlation
The correlation between IIND.L and ^GSPC is 0.40, 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.
Performance
IIND.L vs. ^GSPC - Performance Comparison
The year-to-date returns for both investments are quite close, with IIND.L having a 17.84% return and ^GSPC slightly higher at 17.95%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
IIND.L vs. ^GSPC - Risk-Adjusted Performance 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 (^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.
Drawdowns
IIND.L vs. ^GSPC - Drawdown Comparison
The maximum IIND.L drawdown since its inception was -36.72%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for IIND.L and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
IIND.L vs. ^GSPC - Volatility Comparison
The current volatility for iShares MSCI India UCITS ETF USD (Acc) (IIND.L) is 3.59%, while S&P 500 (^GSPC) has a volatility of 4.09%. This indicates that IIND.L experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.