INCO vs. IND

Last updated Jul 15, 2026

INCO (Columbia India Consumer ETF) and IND (Xtrackers Nifty 500 India ETF) are both India Equities funds - INCO tracks the Indxx India Consumer Index while IND tracks the Nifty 500 Index. Both are passively managed. A 0.78 correlation means they provide meaningful diversification when combined. INCO charges 0.75%/yr vs 0.19%/yr for IND.

Performance

INCO vs. IND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia India Consumer ETF (INCO) and Xtrackers Nifty 500 India ETF (IND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INCO achieves a -9.64% return, which is significantly lower than IND's -8.13% return.

INCO

• 1D: -0.64%
• 1M: 1.53%
• 6M: -8.17%
• YTD: -9.64%
• 1Y: -8.14%
• 3Y*: 5.60%
• 5Y*: 6.53%
• 10Y*: 8.04%

IND

• 1D: 0.00%
• 1M: 2.98%
• 6M: -5.83%
• YTD: -8.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INCO vs. IND - Yearly Performance Comparison

	2026 (YTD)	2025
INCO Columbia India Consumer ETF	-9.64%	0.12%
IND Xtrackers Nifty 500 India ETF	-8.13%	-0.34%

Correlation

The correlation between INCO and IND is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.78

Return for Risk

INCO vs. IND — 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: 5
INCO Omega Ratio Rank: 5
INCO Calmar Ratio Rank: 6
INCO Martin Ratio Rank: 5

IND

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. IND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) and Xtrackers Nifty 500 India ETF (IND). 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	IND	Difference
Sharpe ratio: Return per unit of total volatility	-0.48	—	—
Sortino ratio: Return per unit of downside risk	-0.59	—	—
Omega ratio: Gain probability vs. loss probability	0.93	—	—
Calmar ratio: Return relative to maximum drawdown	-0.38	—	—
Martin ratio: Return relative to average drawdown	-0.88	—	—

Drawdowns

INCO vs. IND - Drawdown Comparison

The maximum INCO drawdown since its inception was -47.69%, which is greater than IND's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for INCO and IND.

Drawdown Indicators

	INCO	IND	Difference
Max Drawdown Largest peak-to-trough decline	-47.69%	-18.75%	-28.94%
Max Drawdown (1Y) Largest decline over 1 year	-21.37%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.98%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.69%	—	—
Current Drawdown Current decline from peak	-23.05%	-9.32%	-13.73%
Average Drawdown Average peak-to-trough decline	-10.66%	-7.87%	-2.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.30%	—	—

Volatility

Volatility by Period

	INCO	IND	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.12%	19.23%	-2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.99%	19.23%	-2.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.29%	19.23%	+1.06%

INCO vs. IND - Expense Ratio Comparison

INCO has a 0.75% expense ratio, which is higher than IND's 0.19% expense ratio.

Dividends

INCO vs. IND - Dividend Comparison

INCO has not paid dividends to shareholders, while IND's dividend yield for the trailing twelve months is around 0.34%.

Position	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%
IND Xtrackers Nifty 500 India ETF	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INCO and IND in my portfolio?

INCO and IND have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INCO or IND?

On fees, IND is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INCO or IND?

IND is cheaper with a 0.19% expense ratio, compared with 0.75% for INCO.

Which ETF pays a higher dividend yield, INCO or IND?

IND has the higher dividend yield at 0.34%, compared with 0.00% for INCO.

What is the main difference between INCO and IND?

INCO tracks Indxx India Consumer Index, while IND tracks Nifty 500 Index. They also come from different issuers: Ameriprise Financial and Xtrackers. Their fees differ too: 0.75% for INCO and 0.19% for IND.