INCO vs. CI2G.L

Last updated Apr 2, 2026

Compare and contrast key facts about Columbia India Consumer ETF (INCO) and Amundi MSCI India UCITS ETF USD (CI2G.L).

INCO and CI2G.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INCO is a passively managed fund by Ameriprise Financial that tracks the performance of the Indxx India Consumer Index. It was launched on Aug 10, 2011. CI2G.L is a passively managed fund by Amundi that tracks the performance of the MSCI India NR USD. It was launched on Apr 18, 2018. Both INCO and CI2G.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

INCO vs. CI2G.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia India Consumer ETF (INCO) and Amundi MSCI India UCITS ETF USD (CI2G.L). The values are adjusted to include any dividend payments, if applicable.

INCO vs. CI2G.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INCO Columbia India Consumer ETF	-14.84%	0.59%	12.70%	34.63%	-7.01%	19.28%	14.55%	-4.22%	-10.81%	53.28%
CI2G.L Amundi MSCI India UCITS ETF USD	-15.48%	1.67%	9.49%	18.12%	-8.55%	23.73%	13.90%	5.75%	-8.32%	36.43%

Different Trading Currencies

INCO is traded in USD, while CI2G.L is traded in GBp. To make them comparable, the CI2G.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with INCO having a -14.84% return and CI2G.L slightly lower at -15.48%. Over the past 10 years, INCO has outperformed CI2G.L with an annualized return of 8.47%, while CI2G.L has yielded a comparatively lower 6.61% annualized return.

INCO

• 1D: 0.40%
• 1M: -10.72%
• YTD: -14.84%
• 6M: -15.12%
• 1Y: -7.43%
• 3Y*: 9.92%
• 5Y*: 6.29%
• 10Y*: 8.47%

CI2G.L

• 1D: 1.76%
• 1M: -10.50%
• YTD: -15.48%
• 6M: -12.29%
• 1Y: -10.20%
• 3Y*: 6.19%
• 5Y*: 3.60%
• 10Y*: 6.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

INCO vs. CI2G.L - Expense Ratio Comparison

INCO has a 0.75% expense ratio, which is lower than CI2G.L's 0.80% expense ratio.

CI2G.L

Amundi MSCI India UCITS ETF USD

INCO

Columbia India Consumer ETF

Return for Risk

INCO vs. CI2G.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INCO

INCO Risk / Return Rank: 5
INCO Sharpe Ratio Rank: 5
INCO Sortino Ratio Rank: 4
INCO Omega Ratio Rank: 4
INCO Calmar Ratio Rank: 7
INCO Martin Ratio Rank: 3

CI2G.L

CI2G.L Risk / Return Rank: 2
CI2G.L Sharpe Ratio Rank: 2
CI2G.L Sortino Ratio Rank: 2
CI2G.L Omega Ratio Rank: 2
CI2G.L Calmar Ratio Rank: 2
CI2G.L Martin Ratio Rank: 0

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.

INCO vs. CI2G.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) and Amundi MSCI India UCITS ETF USD (CI2G.L). 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.

	INCO	CI2G.L	Difference
Sharpe ratio Return per unit of total volatility	-0.42	-0.59	+0.17
Sortino ratio Return per unit of downside risk	-0.51	-0.73	+0.23
Omega ratio Gain probability vs. loss probability	0.94	0.91	+0.03
Calmar ratio Return relative to maximum drawdown	-0.34	-0.52	+0.18
Martin ratio Return relative to average drawdown	-1.18	-1.67	+0.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INCO vs. CI2G.L - Sharpe Ratio Comparison

The current INCO Sharpe Ratio is -0.42, which is comparable to the CI2G.L Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of INCO and CI2G.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	INCO	CI2G.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.42	-0.59	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.21	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.32	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.32	+0.09

Correlation

The correlation between INCO and CI2G.L is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

INCO vs. CI2G.L - Dividend Comparison

Neither INCO nor CI2G.L has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
CI2G.L Amundi MSCI India UCITS ETF USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

INCO vs. CI2G.L - Drawdown Comparison

The maximum INCO drawdown since its inception was -47.69%, roughly equal to the maximum CI2G.L drawdown of -45.55%. Use the drawdown chart below to compare losses from any high point for INCO and CI2G.L.

Drawdown Indicators

	INCO	CI2G.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.69%	-37.13%	-10.56%
Max Drawdown (1Y) Largest decline over 1 year	-21.37%	-20.32%	-1.05%
Max Drawdown (5Y) Largest decline over 5 years	-29.98%	-27.30%	-2.68%
Max Drawdown (10Y) Largest decline over 10 years	-47.69%	-37.13%	-10.56%
Current Drawdown Current decline from peak	-27.48%	-25.27%	-2.21%
Average Drawdown Average peak-to-trough decline	-10.43%	-7.00%	-3.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.19%	6.43%	-0.24%

Volatility

INCO vs. CI2G.L - Volatility Comparison

The current volatility for Columbia India Consumer ETF (INCO) is 7.43%, while Amundi MSCI India UCITS ETF USD (CI2G.L) has a volatility of 7.91%. This indicates that INCO experiences smaller price fluctuations and is considered to be less risky than CI2G.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INCO	CI2G.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	7.91%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	12.33%	11.89%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	17.15%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	17.09%	-0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.25%	20.46%	-0.21%