INCO vs. IEFA

Last updated Apr 2, 2026

Compare and contrast key facts about Columbia India Consumer ETF (INCO) and iShares Core MSCI EAFE ETF (IEFA).

INCO and IEFA 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. IEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Investable Market Index. It was launched on Oct 18, 2012. Both INCO and IEFA 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. IEFA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia India Consumer ETF (INCO) and iShares Core MSCI EAFE ETF (IEFA). The values are adjusted to include any dividend payments, if applicable.

INCO vs. IEFA - 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%
IEFA iShares Core MSCI EAFE ETF	2.74%	32.08%	3.26%	17.95%	-15.24%	11.63%	8.18%	22.64%	-14.14%	26.57%

Returns By Period

In the year-to-date period, INCO achieves a -14.84% return, which is significantly lower than IEFA's 2.74% return. Over the past 10 years, INCO has underperformed IEFA with an annualized return of 8.47%, while IEFA has yielded a comparatively higher 9.02% 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%

IEFA

• 1D: 1.52%
• 1M: -4.68%
• YTD: 2.74%
• 6M: 6.58%
• 1Y: 25.75%
• 3Y*: 15.08%
• 5Y*: 8.12%
• 10Y*: 9.02%

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

INCO vs. IEFA - Expense Ratio Comparison

INCO has a 0.75% expense ratio, which is higher than IEFA's 0.07% expense ratio.

INCO

Columbia India Consumer ETF

IEFA

iShares Core MSCI EAFE ETF

Return for Risk

INCO vs. IEFA — 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

IEFA

IEFA Risk / Return Rank: 78
IEFA Sharpe Ratio Rank: 77
IEFA Sortino Ratio Rank: 79
IEFA Omega Ratio Rank: 77
IEFA Calmar Ratio Rank: 80
IEFA Martin Ratio Rank: 78

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. IEFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) and iShares Core MSCI EAFE ETF (IEFA). 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	IEFA	Difference
Sharpe ratio Return per unit of total volatility	-0.42	1.46	-1.89
Sortino ratio Return per unit of downside risk	-0.51	2.07	-2.58
Omega ratio Gain probability vs. loss probability	0.94	1.30	-0.36
Calmar ratio Return relative to maximum drawdown	-0.34	2.27	-2.61
Martin ratio Return relative to average drawdown	-1.18	8.75	-9.93
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. IEFA - Sharpe Ratio Comparison

The current INCO Sharpe Ratio is -0.42, which is lower than the IEFA Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of INCO and IEFA, 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	IEFA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.42	1.46	-1.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.50	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.52	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.49	-0.08

Correlation

The correlation between INCO and IEFA is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

INCO vs. IEFA - Dividend Comparison

INCO has not paid dividends to shareholders, while IEFA's dividend yield for the trailing twelve months is around 3.46%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IEFA iShares Core MSCI EAFE ETF	3.46%	3.55%	3.47%	3.20%	2.70%	3.32%	1.90%	3.18%	3.46%	2.57%	2.96%	2.63%

Drawdowns

INCO vs. IEFA - Drawdown Comparison

The maximum INCO drawdown since its inception was -47.69%, which is greater than IEFA's maximum drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for INCO and IEFA.

Drawdown Indicators

	INCO	IEFA	Difference
Max Drawdown Largest peak-to-trough decline	-47.69%	-34.78%	-12.91%
Max Drawdown (1Y) Largest decline over 1 year	-21.37%	-11.50%	-9.87%
Max Drawdown (5Y) Largest decline over 5 years	-29.98%	-30.41%	+0.43%
Max Drawdown (10Y) Largest decline over 10 years	-47.69%	-34.78%	-12.91%
Current Drawdown Current decline from peak	-27.48%	-6.75%	-20.73%
Average Drawdown Average peak-to-trough decline	-10.43%	-6.74%	-3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.19%	2.98%	+3.21%

Volatility

INCO vs. IEFA - Volatility Comparison

Columbia India Consumer ETF (INCO) and iShares Core MSCI EAFE ETF (IEFA) have volatilities of 7.43% and 7.51%, 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.

Volatility by Period

	INCO	IEFA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	7.51%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	12.33%	11.14%	+1.19%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	17.67%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	16.36%	+0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.25%	17.24%	+3.01%