IMVP vs. GLIN
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 India Equities fund tracking the MarketGrader India All-Cap Growth Leaders Index. Both are passively managed. Over the past 10 years, IMVP returned 7.80%/yr vs 1.28%/yr for GLIN. Their correlation of 0.83 means they have usually moved in the same direction. IMVP charges 0.78%/yr vs 0.82%/yr for GLIN.
Performance
IMVP vs. GLIN - Performance Comparison
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Returns By Period
In the year-to-date period, IMVP achieves a -14.53% return, which is significantly lower than GLIN's -1.80% return. Over the past 10 years, IMVP has outperformed GLIN with an annualized return of 7.80%, while GLIN has yielded a comparatively lower 1.28% annualized return.
IMVP
- 1D
- -0.15%
- 1M
- 0.20%
- 6M
- -10.74%
- YTD
- -14.53%
- 1Y
- -12.89%
- 3Y*
- 1.58%
- 5Y*
- 2.76%
- 10Y*
- 7.80%
- ALL TIME*
- 3.35%
GLIN
- 1D
- 0.73%
- 1M
- -1.96%
- 6M
- -0.12%
- YTD
- -1.80%
- 1Y
- 2.61%
- 3Y*
- 8.41%
- 5Y*
- 3.80%
- 10Y*
- 1.28%
- ALL TIME*
- -2.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $408.40K | $392.00K | $454.19K | |
| $2.47M | $1.44M | $1.18M |
IMVP vs. GLIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | -14.53% | 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 | -1.80% | -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 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2010 | 0.83 |
The correlation between IMVP and GLIN has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
IMVP vs. GLIN — Risk / Return Rank
IMVP
GLIN
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.
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.
| IMVP | GLIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.04 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 0.17 | -0.80 |
| Martin ratioReturn relative to average drawdown | -1.24 | 0.59 | -1.83 |
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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
| IMVP | GLIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -79.36% | +14.82% |
Max Drawdown (1Y)Largest decline over 1 year | -20.00% | -17.07% | -2.93% |
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 DrawdownCurrent decline from peak | -22.29% | -44.18% | +21.89% |
Average DrawdownAverage peak-to-trough decline | -16.75% | -50.89% | +34.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.24% | 4.75% | +5.49% |
Volatility
IMVP vs. GLIN - Volatility Comparison
The current volatility for Invesco India ETF (IMVP) is 3.32%, while VanEck Vectors India Growth Leaders ETF (GLIN) has a volatility of 4.79%. 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
| IMVP | GLIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 4.79% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 14.39% | 15.62% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.47% | 18.24% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 18.37% | -2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 23.64% | -4.14% |
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 11.79%, more than GLIN's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIN VanEck Vectors India Growth Leaders ETF | 0.86% | 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 | 11.79% | 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 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLIN has higher volatility (4.79%) compared to IMVP (3.32%). In terms of maximum drawdown, IMVP dropped -64.54% vs GLIN's -79.36%.
On 10-year performance, IMVP leads with 7.80% vs 1.28% for GLIN. On fees, IMVP is cheaper at 0.78% per year. On volatility, IMVP has been the lower-risk option at 3.32%. 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 7.80% return vs 1.28%. 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 11.79%, compared with 0.86% for GLIN.
IMVP is categorized as Emerging Markets Equities, while GLIN is India 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 (0.16 vs -0.77), 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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