IMVP vs. NDIA
IMVP (Invesco India ETF) and NDIA (Global X Funds - Global X India Active ETF) are both exchange-traded funds - IMVP is a Emerging Markets Equities fund tracking the FTSE India Quality and Yield Select Index, while NDIA is a Asia Pacific Equities fund actively managed by Global X. IMVP is passively managed, while NDIA is actively managed. Over the past year, IMVP returned -16.87% vs -11.74% for NDIA. Their correlation of 0.88 suggests significant overlap in exposure. IMVP charges 0.78%/yr vs 0.76%/yr for NDIA.
Performance
IMVP vs. NDIA - 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 NDIA's -12.77% 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%
NDIA
- 1D
- -1.01%
- 1M
- -3.40%
- YTD
- -12.77%
- 6M
- -11.47%
- 1Y
- -11.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMVP vs. NDIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IMVP Invesco India ETF | -16.08% | 1.30% | 9.07% | 13.20% |
NDIA Global X Funds - Global X India Active ETF | -12.77% | 5.04% | 5.75% | 12.71% |
Correlation
The correlation between IMVP and NDIA is 0.87, 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 | 0.87 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2023 | 0.88 |
The correlation between IMVP and NDIA has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
IMVP vs. NDIA — Risk / Return Rank
IMVP
NDIA
IMVP vs. NDIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) 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.
| IMVP | NDIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.88 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.65 | -0.14 |
| Martin ratioReturn relative to average drawdown | -1.84 | -1.64 | -0.20 |
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 | NDIA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | -0.75 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
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 | 0.21 | -0.09 |
Drawdowns
IMVP vs. NDIA - Drawdown Comparison
The maximum IMVP drawdown since its inception was -64.54%, which is greater than NDIA's maximum drawdown of -22.05%. Use the drawdown chart below to compare losses from any high point for IMVP and NDIA.
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Drawdown Indicators
| IMVP | NDIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -22.05% | -42.49% |
Max Drawdown (1Y)Largest decline over 1 year | -21.44% | -18.03% | -3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -25.80% | — | — |
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 | -23.71% | -19.11% | -4.60% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -7.05% | -9.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.16% | 7.17% | +1.99% |
Volatility
IMVP vs. NDIA - Volatility Comparison
Invesco India ETF (IMVP) and Global X Funds - Global X India Active ETF (NDIA) have volatilities of 6.00% and 6.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMVP | NDIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 6.19% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 13.60% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 15.77% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 15.63% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 15.63% | +3.96% |
IMVP vs. NDIA - Expense Ratio Comparison
IMVP has a 0.78% expense ratio, which is higher than NDIA's 0.76% expense ratio.
Dividends
IMVP vs. NDIA - Dividend Comparison
IMVP's dividend yield for the trailing twelve months is around 8.81%, more than NDIA's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NDIA Global X Funds - Global X India Active ETF | 1.26% | 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
IMVP and NDIA 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.
NDIA has higher volatility (6.19%) compared to IMVP (6.00%). In terms of maximum drawdown, IMVP dropped -64.54% vs NDIA's -22.05%.
On 1-year performance, NDIA leads with -11.74% vs -16.87% for IMVP. On fees, NDIA is cheaper at 0.76% 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 1-year period, NDIA has performed better with a -11.74% return vs -16.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NDIA is cheaper with a 0.76% expense ratio, compared with 0.78% for IMVP.
IMVP has the higher dividend yield at 8.81%, compared with 1.26% for NDIA.
IMVP is categorized as Emerging Markets Equities, while NDIA is Asia Pacific Equities. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.78% for IMVP and 0.76% for NDIA.
NDIA currently has the higher Sharpe Ratio (-0.75 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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