INCO vs. INOD

Last updated Apr 2, 2026

Compare and contrast key facts about Columbia India Consumer ETF (INCO) and Innodata Inc. (INOD).

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.

Performance

INCO vs. INOD - Performance Comparison

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

INCO vs. INOD - 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%
INOD Innodata Inc.	-22.16%	28.92%	385.50%	174.54%	-49.92%	11.70%	364.91%	-24.00%	10.29%	-44.49%

Returns By Period

In the year-to-date period, INCO achieves a -14.84% return, which is significantly higher than INOD's -22.16% return. Over the past 10 years, INCO has underperformed INOD with an annualized return of 8.47%, while INOD has yielded a comparatively higher 33.23% 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%

INOD

• 1D: 2.69%
• 1M: -10.80%
• YTD: -22.16%
• 6M: -51.85%
• 1Y: 8.54%
• 3Y*: 66.84%
• 5Y*: 43.05%
• 10Y*: 33.23%

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

Return for Risk

INCO vs. INOD — 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

INOD

INOD Risk / Return Rank: 46
INOD Sharpe Ratio Rank: 44
INOD Sortino Ratio Rank: 49
INOD Omega Ratio Rank: 47
INOD Calmar Ratio Rank: 45
INOD Martin Ratio Rank: 45

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. INOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) and Innodata Inc. (INOD). 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	INOD	Difference
Sharpe ratio Return per unit of total volatility	-0.42	0.10	-0.52
Sortino ratio Return per unit of downside risk	-0.51	0.79	-1.30
Omega ratio Gain probability vs. loss probability	0.94	1.09	-0.15
Calmar ratio Return relative to maximum drawdown	-0.34	0.17	-0.51
Martin ratio Return relative to average drawdown	-1.18	0.34	-1.52
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. INOD - Sharpe Ratio Comparison

The current INCO Sharpe Ratio is -0.42, which is lower than the INOD Sharpe Ratio of 0.10. The chart below compares the historical Sharpe Ratios of INCO and INOD, 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	INOD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.42	0.10	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.44	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.40	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.10	+0.31

Correlation

The correlation between INCO and INOD is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

INCO vs. INOD - Dividend Comparison

Neither INCO nor INOD 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%
INOD Innodata Inc.	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. INOD - Drawdown Comparison

The maximum INCO drawdown since its inception was -47.69%, smaller than the maximum INOD drawdown of -95.47%. Use the drawdown chart below to compare losses from any high point for INCO and INOD.

Drawdown Indicators

	INCO	INOD	Difference
Max Drawdown Largest peak-to-trough decline	-47.69%	-95.47%	+47.78%
Max Drawdown (1Y) Largest decline over 1 year	-21.37%	-63.03%	+41.66%
Max Drawdown (5Y) Largest decline over 5 years	-29.98%	-74.44%	+44.46%
Max Drawdown (10Y) Largest decline over 10 years	-47.69%	-74.44%	+26.75%
Current Drawdown Current decline from peak	-27.48%	-57.44%	+29.96%
Average Drawdown Average peak-to-trough decline	-10.43%	-60.24%	+49.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.19%	30.51%	-24.32%

Volatility

INCO vs. INOD - Volatility Comparison

The current volatility for Columbia India Consumer ETF (INCO) is 7.43%, while Innodata Inc. (INOD) has a volatility of 20.89%. This indicates that INCO experiences smaller price fluctuations and is considered to be less risky than INOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INCO	INOD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	20.89%	-13.46%
Volatility (6M) Calculated over the trailing 6-month period	12.33%	56.48%	-44.15%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	86.37%	-68.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	98.00%	-81.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.25%	83.99%	-63.74%