IMVP vs. FLIN
IMVP (Invesco India ETF) and FLIN (Franklin FTSE India ETF) are both exchange-traded funds - IMVP is a Emerging Markets Equities fund tracking the FTSE India Quality and Yield Select Index, while FLIN is a Asia Pacific Equities fund tracking the FTSE India RIC Capped Index. Both are passively managed. Over the past 5 years, IMVP returned 2.42%/yr vs 3.56%/yr for FLIN. Their correlation of 0.94 suggests significant overlap in exposure. IMVP charges 0.78%/yr vs 0.19%/yr for FLIN.
Performance
IMVP vs. FLIN - Performance Comparison
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Returns By Period
In the year-to-date period, IMVP achieves a -16.08% return, which is significantly lower than FLIN's -11.92% return.
IMVP
- 1D
- -2.11%
- 1M
- -2.53%
- YTD
- -16.08%
- 6M
- -14.80%
- 1Y
- -16.87%
- 3Y*
- 2.95%
- 5Y*
- 2.42%
- 10Y*
- 8.19%
FLIN
- 1D
- -1.51%
- 1M
- -2.58%
- YTD
- -11.92%
- 6M
- -10.85%
- 1Y
- -11.63%
- 3Y*
- 5.53%
- 5Y*
- 3.56%
- 10Y*
- —
IMVP vs. FLIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | -16.08% | 1.30% | 9.07% | 22.82% | -9.35% | 23.68% | 18.41% | 14.26% | -3.88% |
FLIN Franklin FTSE India ETF | -11.92% | 2.40% | 10.33% | 20.58% | -7.96% | 24.96% | 14.50% | 4.77% | -6.70% |
Correlation
The correlation between IMVP and FLIN is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2018 | 0.94 |
The correlation between IMVP and FLIN has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
IMVP vs. FLIN — Risk / Return Rank
IMVP
FLIN
IMVP vs. FLIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) and Franklin FTSE India ETF (FLIN). 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.
| IMVP | FLIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.88 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.62 | -0.17 |
| Martin ratioReturn relative to average drawdown | -1.84 | -1.54 | -0.31 |
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
| IMVP | FLIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | -0.78 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.23 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.26 | -0.15 |
Drawdowns
IMVP vs. FLIN - Drawdown Comparison
The maximum IMVP drawdown since its inception was -64.54%, which is greater than FLIN's maximum drawdown of -41.90%. Use the drawdown chart below to compare losses from any high point for IMVP and FLIN.
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Drawdown Indicators
| IMVP | FLIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -41.90% | -22.64% |
Max Drawdown (1Y)Largest decline over 1 year | -21.44% | -18.79% | -2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -25.80% | -22.85% | -2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -22.85% | -2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | — | — |
Current DrawdownCurrent decline from peak | -23.71% | -18.91% | -4.80% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -8.01% | -8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.16% | 7.57% | +1.59% |
Volatility
IMVP vs. FLIN - Volatility Comparison
Invesco India ETF (IMVP) has a higher volatility of 6.00% compared to Franklin FTSE India ETF (FLIN) at 5.21%. This indicates that IMVP's price experiences larger fluctuations and is considered to be riskier than FLIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMVP | FLIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 5.21% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 12.81% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 14.92% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 15.74% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 20.45% | -0.86% |
IMVP vs. FLIN - Expense Ratio Comparison
IMVP has a 0.78% expense ratio, which is higher than FLIN's 0.19% expense ratio.
Dividends
IMVP vs. FLIN - Dividend Comparison
IMVP's dividend yield for the trailing twelve months is around 8.81%, more than FLIN's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLIN Franklin FTSE India ETF | 0.64% | 0.56% | 1.58% | 0.73% | 0.73% | 2.26% | 0.68% | 0.90% | 0.92% | 0.00% | 0.00% | 0.00% |
IMVP Invesco India ETF | 8.81% | 7.39% | 8.48% | 2.08% | 14.07% | 6.95% | 0.72% | 36.35% | 0.96% | 1.01% | 1.18% | 0.61% |
Frequently Asked Questions
With a correlation of 0.94, IMVP and FLIN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IMVP has higher volatility (6.00%) compared to FLIN (5.21%). In terms of maximum drawdown, IMVP dropped -64.54% vs FLIN's -41.90%.
On 5-year performance, FLIN leads with 3.56% vs 2.42% for IMVP. On fees, FLIN is cheaper at 0.19% per year. On volatility, FLIN has been the lower-risk option at 5.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLIN has performed better with a 3.56% return vs 2.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLIN is cheaper with a 0.19% expense ratio, compared with 0.78% for IMVP.
IMVP has the higher dividend yield at 8.81%, compared with 0.64% for FLIN.
IMVP is categorized as Emerging Markets Equities, while FLIN is Asia Pacific Equities. IMVP tracks FTSE India Quality and Yield Select Index, while FLIN tracks FTSE India RIC Capped Index. They also come from different issuers: Invesco and Franklin Templeton. Their fees differ too: 0.78% for IMVP and 0.19% for FLIN.
FLIN currently has the higher Sharpe Ratio (-0.78 vs -1.05), 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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