INCO vs. INDY
Compare and contrast key facts about Columbia India Consumer ETF (INCO) and iShares India 50 ETF (INDY).
INCO and INDY 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. INDY is a passively managed fund by iShares that tracks the performance of the S&P CNX Nifty Index. It was launched on Nov 18, 2009. Both INCO and INDY 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 INDY.
Performance
INCO vs. INDY - Performance Comparison
Returns By Period
In the year-to-date period, INCO achieves a 12.74% return, which is significantly higher than INDY's 4.41% return. Over the past 10 years, INCO has outperformed INDY with an annualized return of 9.60%, while INDY has yielded a comparatively lower 6.48% annualized return.
INCO
12.74%
-10.15%
-0.35%
23.67%
14.01%
9.60%
INDY
4.41%
-6.05%
1.34%
13.43%
8.96%
6.48%
Key characteristics
| INCO | INDY | |
|---|---|---|
| Sharpe Ratio | 1.77 | 1.00 |
| Sortino Ratio | 2.57 | 1.38 |
| Omega Ratio | 1.31 | 1.19 |
| Calmar Ratio | 1.58 | 1.31 |
| Martin Ratio | 6.34 | 4.84 |
| Ulcer Index | 3.82% | 2.77% |
| Daily Std Dev | 13.64% | 13.38% |
| Max Drawdown | -47.69% | -44.74% |
| Current Drawdown | -15.31% | -10.25% |
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INCO vs. INDY - Expense Ratio Comparison
INCO has a 0.75% expense ratio, which is lower than INDY's 0.94% expense ratio.
Correlation
The correlation between INCO and INDY is 0.75, 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.
Risk-Adjusted Performance
INCO vs. INDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) and iShares India 50 ETF (INDY). 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. INDY - Dividend Comparison
INCO's dividend yield for the trailing twelve months is around 3.38%, more than INDY's 0.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INCO Columbia India Consumer ETF | 3.38% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% | 0.00% | 0.08% | 0.00% |
INDY iShares India 50 ETF | 0.31% | 0.39% | 3.75% | 7.12% | 0.08% | 0.58% | 0.59% | 0.27% | 0.48% | 0.57% | 0.52% | 0.77% |
Drawdowns
INCO vs. INDY - Drawdown Comparison
The maximum INCO drawdown since its inception was -47.69%, which is greater than INDY's maximum drawdown of -44.74%. Use the drawdown chart below to compare losses from any high point for INCO and INDY. For additional features, visit the drawdowns tool.
Volatility
INCO vs. INDY - Volatility Comparison
Columbia India Consumer ETF (INCO) and iShares India 50 ETF (INDY) have volatilities of 2.90% and 2.99%, 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.