INCO vs. PIN
Compare and contrast key facts about Columbia India Consumer ETF (INCO) and Invesco India ETF (PIN).
INCO and PIN 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. PIN is a passively managed fund by Invesco that tracks the performance of the FTSE India Quality and Yield Select Net Tax (US RIC) Index. It was launched on Mar 5, 2008. Both INCO and PIN 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 PIN.
Key characteristics
| INCO | PIN | |
|---|---|---|
| YTD Return | 11.62% | 6.45% |
| 1Y Return | 41.01% | 28.78% |
| 3Y Return (Ann) | 16.37% | 11.28% |
| 5Y Return (Ann) | 15.21% | 12.67% |
| 10Y Return (Ann) | 12.13% | 8.28% |
| Sharpe Ratio | 3.28 | 2.32 |
| Daily Std Dev | 12.19% | 12.12% |
| Max Drawdown | -47.69% | -64.54% |
| Current Drawdown | -0.17% | -0.87% |
Correlation
The correlation between INCO and PIN is 0.76, 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. PIN - Performance Comparison
In the year-to-date period, INCO achieves a 11.62% return, which is significantly higher than PIN's 6.45% return. Over the past 10 years, INCO has outperformed PIN with an annualized return of 12.13%, while PIN has yielded a comparatively lower 8.28% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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INCO vs. PIN - Expense Ratio Comparison
INCO has a 0.75% expense ratio, which is lower than PIN's 0.78% expense ratio.
Risk-Adjusted Performance
INCO vs. PIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) and Invesco India ETF (PIN). 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. PIN - Dividend Comparison
INCO's dividend yield for the trailing twelve months is around 3.42%, more than PIN's 1.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INCO Columbia India Consumer ETF | 3.42% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% | 0.00% | 0.08% | 0.00% |
PIN Invesco India ETF | 1.95% | 2.08% | 14.07% | 6.95% | 0.72% | 27.85% | 0.95% | 1.01% | 1.18% | 0.61% | 0.99% | 0.48% |
Drawdowns
INCO vs. PIN - Drawdown Comparison
The maximum INCO drawdown since its inception was -47.69%, smaller than the maximum PIN drawdown of -64.54%. Use the drawdown chart below to compare losses from any high point for INCO and PIN. For additional features, visit the drawdowns tool.
Volatility
INCO vs. PIN - Volatility Comparison
The current volatility for Columbia India Consumer ETF (INCO) is 2.20%, while Invesco India ETF (PIN) has a volatility of 2.82%. This indicates that INCO experiences smaller price fluctuations and is considered to be less risky than PIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.