ILKAY vs. NDIA
ILKAY (Iluka Resources Ltd ADR) is a stock, while NDIA (Global X Funds - Global X India Active ETF) is India Equities fund actively managed by Global X. Over the past year, ILKAY returned 48.97% vs -10.43% for NDIA. At a 0.05 correlation, their price movements are largely independent.
Performance
ILKAY vs. NDIA - Performance Comparison
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Returns By Period
In the year-to-date period, ILKAY achieves a 30.62% return, which is significantly higher than NDIA's -9.45% return.
ILKAY
- 1D
- 16.08%
- 1M
- -10.21%
- 6M
- 6.21%
- YTD
- 30.62%
- 1Y
- 48.97%
- 3Y*
- -13.99%
- 5Y*
- -2.92%
- 10Y*
- 9.82%
NDIA
- 1D
- -0.74%
- 1M
- 0.28%
- 6M
- -8.34%
- YTD
- -9.45%
- 1Y
- -10.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ILKAY vs. NDIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ILKAY Iluka Resources Ltd ADR | 30.62% | 19.25% | -26.93% | -28.23% |
NDIA Global X Funds - Global X India Active ETF | -9.45% | 5.04% | 5.75% | 12.76% |
Correlation
The correlation between ILKAY and NDIA is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2023 | 0.05 |
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Return for Risk
ILKAY vs. NDIA — Risk / Return Rank
ILKAY
NDIA
ILKAY vs. NDIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Iluka Resources Ltd ADR (ILKAY) and Global X Funds - Global X India Active ETF (NDIA). 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.
| ILKAY | NDIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.90 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | -0.61 | +1.73 |
| Martin ratioReturn relative to average drawdown | 2.04 | -1.43 | +3.47 |
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Drawdowns
ILKAY vs. NDIA - Drawdown Comparison
The maximum ILKAY drawdown since its inception was -79.51%, which is greater than NDIA's maximum drawdown of -22.05%. Use the drawdown chart below to compare losses from any high point for ILKAY and NDIA.
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Drawdown Indicators
| ILKAY | NDIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.51% | -22.05% | -57.46% |
Max Drawdown (1Y)Largest decline over 1 year | -43.96% | -17.09% | -26.87% |
Max Drawdown (3Y)Largest decline over 3 years | -76.29% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -77.94% | — | — |
Current DrawdownCurrent decline from peak | -40.80% | -16.03% | -24.77% |
Average DrawdownAverage peak-to-trough decline | -47.20% | -7.42% | -39.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.08% | 7.37% | +16.71% |
Volatility
ILKAY vs. NDIA - Volatility Comparison
Iluka Resources Ltd ADR (ILKAY) has a higher volatility of 22.85% compared to Global X Funds - Global X India Active ETF (NDIA) at 4.28%. This indicates that ILKAY's price experiences larger fluctuations and is considered to be riskier than NDIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ILKAY | NDIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.85% | 4.28% | +18.57% |
Volatility (6M)Calculated over the trailing 6-month period | 49.94% | 14.00% | +35.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.05% | 16.11% | +59.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.05% | 15.59% | +40.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.95% | 15.59% | +36.36% |
Dividends
ILKAY vs. NDIA - Dividend Comparison
ILKAY's dividend yield for the trailing twelve months is around 0.70%, less than NDIA's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILKAY Iluka Resources Ltd ADR | 0.70% | 1.03% | 1.68% | 3.58% | 7.39% | 1.33% | 73.30% | 2.45% | 4.10% | 0.55% | 9.11% | 2.95% |
NDIA Global X Funds - Global X India Active ETF | 1.21% | 1.10% | 3.66% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ILKAY and NDIA have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ILKAY has higher volatility (22.85%) compared to NDIA (4.28%). In terms of maximum drawdown, ILKAY dropped -79.51% vs NDIA's -22.05%.
ILKAY currently has the higher Sharpe Ratio (0.65 vs -0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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