INCO vs. AAPL
INCO (Columbia India Consumer ETF) is India Equities fund tracking the Indxx India Consumer Index, while AAPL (Apple Inc) is a stock. Over the past 10 years, INCO returned 8.08%/yr vs 30.74%/yr for AAPL. At a 0.28 correlation, their price movements are largely independent.
Performance
INCO vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, INCO achieves a -8.71% return, which is significantly lower than AAPL's 20.78% return. Over the past 10 years, INCO has underperformed AAPL with an annualized return of 8.08%, while AAPL has yielded a comparatively higher 30.74% annualized return.
INCO
- 1D
- 0.55%
- 1M
- -1.11%
- 6M
- -4.14%
- YTD
- -8.71%
- 1Y
- -7.94%
- 3Y*
- 6.40%
- 5Y*
- 6.72%
- 10Y*
- 8.08%
- ALL TIME*
- 9.20%
AAPL
- 1D
- 0.35%
- 1M
- 9.98%
- 6M
- 33.10%
- YTD
- 20.78%
- 1Y
- 54.86%
- 3Y*
- 20.08%
- 5Y*
- 18.03%
- 10Y*
- 30.74%
- ALL TIME*
- 19.46%
INCO vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INCO Columbia India Consumer ETF | -8.71% | 0.59% | 12.70% | 34.63% | -7.01% | 19.28% | 14.55% | -4.22% | -10.81% | 53.28% |
AAPL Apple Inc | 20.78% | 9.05% | 30.71% | 49.01% | -26.40% | 34.65% | 82.31% | 88.96% | -5.39% | 48.46% |
Correlation
The correlation between INCO and AAPL is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2011 | 0.28 |
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Return for Risk
INCO vs. AAPL — Risk / Return Rank
INCO
AAPL
INCO vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) and Apple Inc (AAPL). 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.
| INCO | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.41 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 4.00 | -4.37 |
| Martin ratioReturn relative to average drawdown | -0.84 | 9.51 | -10.35 |
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Drawdowns
INCO vs. AAPL - Drawdown Comparison
The maximum INCO drawdown since its inception was -47.69%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for INCO and AAPL.
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Drawdown Indicators
| INCO | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.69% | -81.80% | +34.11% |
Max Drawdown (1Y)Largest decline over 1 year | -21.37% | -13.80% | -7.57% |
Max Drawdown (3Y)Largest decline over 3 years | -29.98% | -33.36% | +3.38% |
Max Drawdown (5Y)Largest decline over 5 years | -29.98% | -33.36% | +3.38% |
Max Drawdown (10Y)Largest decline over 10 years | -47.69% | -38.52% | -9.17% |
Current DrawdownCurrent decline from peak | -22.25% | -1.80% | -20.45% |
Average DrawdownAverage peak-to-trough decline | -10.67% | -29.54% | +18.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.47% | 5.79% | +3.68% |
Volatility
INCO vs. AAPL - Volatility Comparison
The current volatility for Columbia India Consumer ETF (INCO) is 3.35%, while Apple Inc (AAPL) has a volatility of 10.61%. This indicates that INCO experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INCO | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 10.61% | -7.26% |
Volatility (6M)Calculated over the trailing 6-month period | 14.42% | 19.31% | -4.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.08% | 24.50% | -7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.98% | 27.79% | -10.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.29% | 29.08% | -8.79% |
Dividends
INCO vs. AAPL - Dividend Comparison
INCO has not paid dividends to shareholders, while AAPL's dividend yield for the trailing twelve months is around 0.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.32% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
INCO Columbia India Consumer ETF | 0.00% | 0.00% | 2.88% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% | 0.00% |
Frequently Asked Questions
INCO and AAPL have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPL has higher volatility (10.61%) compared to INCO (3.35%). In terms of maximum drawdown, INCO dropped -47.69% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.25 vs -0.47), 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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