INCO vs. INDA
Compare and contrast key facts about Columbia India Consumer ETF (INCO) and iShares MSCI India ETF (INDA).
INCO and INDA 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. INDA is a passively managed fund by iShares that tracks the performance of the MSCI India Index. It was launched on Feb 2, 2012. Both INCO and INDA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INCO or INDA.
Correlation
The correlation between INCO and INDA is 0.78, 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.
Performance
INCO vs. INDA - Performance Comparison
Key characteristics
INCO:
0.72
INDA:
0.39
INCO:
1.13
INDA:
0.60
INCO:
1.13
INDA:
1.09
INCO:
0.53
INDA:
0.40
INCO:
1.45
INDA:
1.21
INCO:
6.95%
INDA:
4.62%
INCO:
14.08%
INDA:
14.13%
INCO:
-47.69%
INDA:
-45.06%
INCO:
-17.64%
INDA:
-12.92%
Returns By Period
The year-to-date returns for both stocks are quite close, with INCO having a -2.72% return and INDA slightly lower at -2.77%. Over the past 10 years, INCO has outperformed INDA with an annualized return of 8.18%, while INDA has yielded a comparatively lower 5.88% annualized return.
INCO
-2.72%
-3.61%
-9.00%
8.15%
12.62%
8.18%
INDA
-2.77%
-4.82%
-8.24%
3.95%
8.83%
5.88%
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INCO vs. INDA - Expense Ratio Comparison
INCO has a 0.75% expense ratio, which is higher than INDA's 0.69% expense ratio.
Risk-Adjusted Performance
INCO vs. INDA — Risk-Adjusted Performance Rank
INCO
INDA
INCO vs. INDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) and iShares MSCI India ETF (INDA). 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.
Dividends
INCO vs. INDA - Dividend Comparison
INCO's dividend yield for the trailing twelve months is around 2.96%, more than INDA's 0.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INCO Columbia India Consumer ETF | 2.96% | 2.88% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% | 0.00% | 0.08% |
INDA iShares MSCI India ETF | 0.78% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 1.00% | 0.94% | 1.09% | 0.91% | 1.19% | 0.63% |
Drawdowns
INCO vs. INDA - Drawdown Comparison
The maximum INCO drawdown since its inception was -47.69%, which is greater than INDA's maximum drawdown of -45.06%. Use the drawdown chart below to compare losses from any high point for INCO and INDA. For additional features, visit the drawdowns tool.
Volatility
INCO vs. INDA - Volatility Comparison
Columbia India Consumer ETF (INCO) has a higher volatility of 5.10% compared to iShares MSCI India ETF (INDA) at 3.88%. This indicates that INCO's price experiences larger fluctuations and is considered to be riskier than INDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.