IND vs. EWS
IND (Xtrackers Nifty 500 India ETF) and EWS (iShares MSCI Singapore ETF) are both Asia Pacific Equities funds - IND tracks the Nifty 500 Index while EWS tracks the MSCI Singapore Index. Both are passively managed. At a 0.47 correlation, their price movements are largely independent. IND charges 0.19%/yr vs 0.50%/yr for EWS.
Performance
IND vs. EWS - Performance Comparison
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Returns By Period
In the year-to-date period, IND achieves a -8.05% return, which is significantly lower than EWS's 9.65% return.
IND
- 1D
- -1.22%
- 1M
- 2.92%
- YTD
- -8.05%
- 6M
- -9.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWS
- 1D
- -0.54%
- 1M
- 2.36%
- YTD
- 9.65%
- 6M
- 9.41%
- 1Y
- 22.70%
- 3Y*
- 22.62%
- 5Y*
- 10.27%
- 10Y*
- 8.34%
IND vs. EWS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IND Xtrackers Nifty 500 India ETF | -8.05% | -0.34% |
EWS iShares MSCI Singapore ETF | 9.65% | 1.07% |
Correlation
The correlation between IND and EWS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | 0.47 |
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Return for Risk
IND vs. EWS — Risk / Return Rank
IND
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EWS
IND vs. EWS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nifty 500 India ETF (IND) and iShares MSCI Singapore ETF (EWS). 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.
| IND | EWS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.92 | — |
| Martin ratioReturn relative to average drawdown | — | 7.04 | — |
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Drawdowns
IND vs. EWS - Drawdown Comparison
The maximum IND drawdown since its inception was -18.75%, smaller than the maximum EWS drawdown of -75.13%. Use the drawdown chart below to compare losses from any high point for IND and EWS.
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Drawdown Indicators
| IND | EWS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -75.13% | +56.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.82% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.84% | — |
Current DrawdownCurrent decline from peak | -9.25% | -0.54% | -8.71% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -21.96% | +14.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.23% | — |
Volatility
IND vs. EWS - Volatility Comparison
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Volatility by Period
| IND | EWS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.00% | 15.28% | +4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.00% | 17.32% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.00% | 17.98% | +2.02% |
IND vs. EWS - Expense Ratio Comparison
IND has a 0.19% expense ratio, which is lower than EWS's 0.50% expense ratio.
Dividends
IND vs. EWS - Dividend Comparison
IND's dividend yield for the trailing twelve months is around 0.34%, less than EWS's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWS iShares MSCI Singapore ETF | 4.00% | 4.10% | 4.28% | 6.50% | 2.56% | 6.00% | 2.68% | 4.70% | 4.21% | 3.46% | 3.96% | 4.20% |
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% | 0.00% |
Frequently Asked Questions
IND and EWS have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IND is cheaper with a 0.19% expense ratio, compared with 0.50% for EWS.
EWS has the higher dividend yield at 4.00%, compared with 0.34% for IND.
IND tracks Nifty 500 Index, while EWS tracks MSCI Singapore Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.19% for IND and 0.50% for EWS.
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