IMVP vs. INQQ
IMVP (Invesco India ETF) and INQQ (India Internet & Ecommerce ETF) are both exchange-traded funds - IMVP is a Emerging Markets Equities fund tracking the FTSE India Quality and Yield Select Index, while INQQ is a India Equities fund tracking the INQQ The India Internet & Ecommerce Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, IMVP returned 1.70%/yr vs 3.12%/yr for INQQ. A 0.73 correlation means they provide meaningful diversification when combined. IMVP charges 0.78%/yr vs 0.86%/yr for INQQ.
Performance
IMVP vs. INQQ - Performance Comparison
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Returns By Period
In the year-to-date period, IMVP achieves a -14.84% return, which is significantly lower than INQQ's -10.94% return.
IMVP
- 1D
- 0.02%
- 1M
- 1.23%
- 6M
- -13.85%
- YTD
- -14.84%
- 1Y
- -16.56%
- 3Y*
- 1.70%
- 5Y*
- 2.99%
- 10Y*
- 7.91%
INQQ
- 1D
- -0.98%
- 1M
- 7.90%
- 6M
- -8.61%
- YTD
- -10.94%
- 1Y
- -18.33%
- 3Y*
- 3.12%
- 5Y*
- —
- 10Y*
- —
IMVP vs. INQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IMVP Invesco India ETF | -14.84% | 1.30% | 9.07% | 22.82% | -9.52% |
INQQ India Internet & Ecommerce ETF | -10.94% | -7.05% | 19.12% | 31.45% | -34.72% |
Correlation
The correlation between IMVP and INQQ is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.73 |
The correlation between IMVP and INQQ has been stable across timeframes, ranging from 0.73 to 0.74 - a consistent structural relationship.
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Return for Risk
IMVP vs. INQQ — Risk / Return Rank
IMVP
INQQ
IMVP vs. INQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) and India Internet & Ecommerce ETF (INQQ). 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 | INQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.84 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.61 | -0.20 |
| Martin ratioReturn relative to average drawdown | -1.67 | -1.17 | -0.50 |
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Drawdowns
IMVP vs. INQQ - Drawdown Comparison
The maximum IMVP drawdown since its inception was -64.54%, which is greater than INQQ's maximum drawdown of -40.53%. Use the drawdown chart below to compare losses from any high point for IMVP and INQQ.
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Drawdown Indicators
| IMVP | INQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -40.53% | -24.01% |
Max Drawdown (1Y)Largest decline over 1 year | -20.45% | -30.20% | +9.75% |
Max Drawdown (3Y)Largest decline over 3 years | -25.80% | -32.45% | +6.65% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | — | — |
Current DrawdownCurrent decline from peak | -22.58% | -21.63% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -16.73% | -17.22% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.95% | 15.71% | -5.76% |
Volatility
IMVP vs. INQQ - Volatility Comparison
The current volatility for Invesco India ETF (IMVP) is 3.86%, while India Internet & Ecommerce ETF (INQQ) has a volatility of 5.31%. This indicates that IMVP experiences smaller price fluctuations and is considered to be less risky than INQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMVP | INQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 5.31% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.43% | 15.23% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 17.94% | -1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 19.94% | -3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 19.94% | -0.44% |
IMVP vs. INQQ - Expense Ratio Comparison
IMVP has a 0.78% expense ratio, which is lower than INQQ's 0.86% expense ratio.
Dividends
IMVP vs. INQQ - Dividend Comparison
IMVP's dividend yield for the trailing twelve months is around 11.84%, more than INQQ's 2.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | 11.84% | 7.39% | 8.48% | 2.08% | 14.07% | 6.95% | 0.72% | 36.35% | 0.96% | 1.01% | 1.18% | 0.61% |
INQQ India Internet & Ecommerce ETF | 2.50% | 2.23% | 1.18% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IMVP and INQQ have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INQQ has higher volatility (5.31%) compared to IMVP (3.86%). In terms of maximum drawdown, IMVP dropped -64.54% vs INQQ's -40.53%.
On 3-year performance, INQQ leads with 3.12% vs 1.70% for IMVP. On fees, IMVP is cheaper at 0.78% per year. On volatility, IMVP has been the lower-risk option at 3.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, INQQ has performed better with a 3.12% return vs 1.70%. 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 0.86% for INQQ.
IMVP has the higher dividend yield at 11.84%, compared with 2.50% for INQQ.
IMVP is categorized as Emerging Markets Equities, while INQQ is India Equities. IMVP tracks FTSE India Quality and Yield Select Index, while INQQ tracks INQQ The India Internet & Ecommerce Index - Benchmark TR Gross. They also come from different issuers: Invesco and India. Their fees differ too: 0.78% for IMVP and 0.86% for INQQ.
IMVP currently has the higher Sharpe Ratio (-1.01 vs -1.03), 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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