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IMVP vs. GLIN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMVP vs. GLIN

Last updated Jun 4, 2026

IMVP (Invesco India ETF) and GLIN (VanEck Vectors India Growth Leaders ETF) are both exchange-traded funds - IMVP is a Emerging Markets Equities fund tracking the FTSE India Quality and Yield Select Index, while GLIN is a Asia Pacific Equities fund tracking the MarketGrader India All-Cap Growth Leaders Index. Both are passively managed. Over the past 10 years, IMVP returned 8.19%/yr vs 2.09%/yr for GLIN. Their correlation of 0.83 suggests significant overlap in exposure. IMVP charges 0.78%/yr vs 0.82%/yr for GLIN.

Performance

IMVP vs. GLIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco India ETF (IMVP) and VanEck Vectors India Growth Leaders ETF (GLIN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IMVP achieves a -16.08% return, which is significantly lower than GLIN's -3.75% return. Over the past 10 years, IMVP has outperformed GLIN with an annualized return of 8.19%, while GLIN has yielded a comparatively lower 2.09% annualized 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%

GLIN

1D
-0.93%
1M
-0.07%
YTD
-3.75%
6M
-1.14%
1Y
-4.43%
3Y*
10.32%
5Y*
4.57%
10Y*
2.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMVP vs. GLIN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IMVP
Invesco India ETF		-16.08%1.30%9.07%22.82%-9.35%23.68%18.41%14.26%-7.55%38.51%
GLIN
VanEck Vectors India Growth Leaders ETF		-3.75%-5.47%15.64%36.13%-21.46%29.57%-0.29%-21.49%-37.41%66.53%

Correlation

The correlation between IMVP and GLIN is 0.88, 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

0.88

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

0.85

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

0.87

Correlation (10Y)
Calculated over the trailing 10-year period

0.83

Correlation (All Time)
Calculated using the full available price history since Aug 26, 2010

0.83

The correlation between IMVP and GLIN has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco India ETF

VanEck Vectors India Growth Leaders ETF

Often compared with IMVP:
IMVP vs. INDAIMVP vs. INDEIMVP vs. RSPIMVP vs. INDYIMVP vs. EPIIMVP vs. INCOIMVP vs. FLIN
Often compared with GLIN:
GLIN vs. FLINGLIN vs. INDYGLIN vs. EPIGLIN vs. INCOGLIN vs. INDFGLIN vs. INDLGLIN vs. SMIN

Return for Risk

IMVP vs. GLIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMVP
IMVP Risk / Return Rank: 11
Overall Rank
IMVP Sharpe Ratio Rank: 11
Sharpe Ratio Rank
IMVP Sortino Ratio Rank: 22
Sortino Ratio Rank
IMVP Omega Ratio Rank: 22
Omega Ratio Rank
IMVP Calmar Ratio Rank: 22
Calmar Ratio Rank
IMVP Martin Ratio Rank: 00
Martin Ratio Rank
GLIN
GLIN Risk / Return Rank: 66
Overall Rank
GLIN Sharpe Ratio Rank: 66
Sharpe Ratio Rank
GLIN Sortino Ratio Rank: 66
Sortino Ratio Rank
GLIN Omega Ratio Rank: 66
Omega Ratio Rank
GLIN Calmar Ratio Rank: 66
Calmar Ratio Rank
GLIN Martin Ratio Rank: 55
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.

IMVP vs. GLIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) and VanEck Vectors India Growth Leaders ETF (GLIN). 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.

IMVPGLINDifference
Sharpe ratioReturn per unit of total volatility
-1.05
-0.26

-0.79

Sortino ratioReturn per unit of downside risk
-1.46
-0.25

-1.22

Omega ratioGain probability vs. loss probability

0.83

0.97

-0.14

Calmar ratioReturn relative to maximum drawdown

-0.79

-0.24

-0.55

Martin ratioReturn relative to average drawdown

-1.84

-0.71

-1.14

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMVP vs. GLIN - Sharpe Ratio Comparison

The current IMVP Sharpe Ratio is -1.05, which is lower than the GLIN Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of IMVP and GLIN, 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

IMVPGLINDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.05

-0.26

-0.79

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.15

0.25

-0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.42

0.09

+0.33

Sharpe Ratio (All Time)

Calculated using the full available price history

0.12

-0.09

+0.21

Drawdowns

IMVP vs. GLIN - Drawdown Comparison

The maximum IMVP drawdown since its inception was -64.54%, smaller than the maximum GLIN drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for IMVP and GLIN.

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Drawdown Indicators

IMVPGLINDifference

Max Drawdown

Largest peak-to-trough decline

-64.54%

-79.36%

+14.82%

Max Drawdown (1Y)

Largest decline over 1 year

-21.44%

-18.56%

-2.88%

Max Drawdown (3Y)

Largest decline over 3 years

-25.80%

-26.77%

+0.97%

Max Drawdown (5Y)

Largest decline over 5 years

-25.80%

-30.97%

+5.17%

Max Drawdown (10Y)

Largest decline over 10 years

-39.69%

-74.80%

+35.11%

Current Drawdown

Current decline from peak

-23.71%

-45.29%

+21.58%

Average Drawdown

Average peak-to-trough decline

-16.70%

-50.97%

+34.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.16%

6.28%

+2.88%

Volatility

IMVP vs. GLIN - Volatility Comparison

The current volatility for Invesco India ETF (IMVP) is 6.00%, while VanEck Vectors India Growth Leaders ETF (GLIN) has a volatility of 6.70%. This indicates that IMVP experiences smaller price fluctuations and is considered to be less risky than GLIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IMVPGLINDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.00%

6.70%

-0.70%

Volatility (6M)

Calculated over the trailing 6-month period

14.16%

15.21%

-1.05%

Volatility (1Y)

Calculated over the trailing 1-year period

16.17%

17.48%

-1.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.11%

18.18%

-2.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.59%

23.68%

-4.09%

IMVP vs. GLIN - Expense Ratio Comparison

IMVP has a 0.78% expense ratio, which is lower than GLIN's 0.82% expense ratio.

Dividends

IMVP vs. GLIN - Dividend Comparison

IMVP's dividend yield for the trailing twelve months is around 8.81%, more than GLIN's 0.88% yield.

PositionTTM20252024202320222021202020192018201720162015
GLIN
VanEck Vectors India Growth Leaders ETF		0.88%0.84%3.58%0.96%1.70%0.00%0.24%1.42%0.12%0.10%1.39%3.11%
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

IMVP and GLIN have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GLIN has higher volatility (6.70%) compared to IMVP (6.00%). In terms of maximum drawdown, IMVP dropped -64.54% vs GLIN's -79.36%.

On 10-year performance, IMVP leads with 8.19% vs 2.09% for GLIN. On fees, IMVP is cheaper at 0.78% per year. On volatility, IMVP has been the lower-risk option at 6.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IMVP has performed better with a 8.19% return vs 2.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IMVP is cheaper with a 0.78% expense ratio, compared with 0.82% for GLIN.

IMVP has the higher dividend yield at 8.81%, compared with 0.88% for GLIN.

IMVP is categorized as Emerging Markets Equities, while GLIN is Asia Pacific Equities. IMVP tracks FTSE India Quality and Yield Select Index, while GLIN tracks MarketGrader India All-Cap Growth Leaders Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.78% for IMVP and 0.82% for GLIN.

GLIN currently has the higher Sharpe Ratio (-0.26 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.

Portfolio Optimizer

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