IND vs. EWY
IND (Xtrackers Nifty 500 India ETF) and EWY (iShares MSCI South Korea ETF) are both exchange-traded funds - IND is a India Equities fund tracking the Nifty 500 Index, while EWY is a South Korea Equities fund tracking the MSCI Korea Index. Both are passively managed. At a 0.36 correlation, their price movements are largely independent. IND charges 0.19%/yr vs 0.59%/yr for EWY.
Performance
IND vs. EWY - Performance Comparison
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Returns By Period
In the year-to-date period, IND achieves a -8.13% return, which is significantly lower than EWY's 72.82% return.
IND
- 1D
- -0.09%
- 1M
- 2.98%
- 6M
- -6.90%
- YTD
- -8.13%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWY
- 1D
- -8.45%
- 1M
- -14.91%
- 6M
- 54.25%
- YTD
- 72.82%
- 1Y
- 136.76%
- 3Y*
- 39.02%
- 5Y*
- 15.37%
- 10Y*
- 14.08%
IND vs. EWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IND Xtrackers Nifty 500 India ETF | -8.13% | -0.34% |
EWY iShares MSCI South Korea ETF | 72.82% | 10.08% |
Correlation
The correlation between IND and EWY is 0.36, 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 | 0.36 |
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Return for Risk
IND vs. EWY — Risk / Return Rank
IND
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EWY
IND vs. EWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nifty 500 India ETF (IND) and iShares MSCI South Korea ETF (EWY). 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 | EWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.42 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.89 | — |
| Martin ratioReturn relative to average drawdown | — | 18.50 | — |
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Drawdowns
IND vs. EWY - Drawdown Comparison
The maximum IND drawdown since its inception was -18.75%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for IND and EWY.
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Drawdown Indicators
| IND | EWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -74.14% | +55.39% |
Max Drawdown (1Y)Largest decline over 1 year | — | -23.35% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.73% | — |
Current DrawdownCurrent decline from peak | -9.32% | -23.35% | +14.03% |
Average DrawdownAverage peak-to-trough decline | -7.86% | -20.09% | +12.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.42% | — |
Volatility
IND vs. EWY - Volatility Comparison
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Volatility by Period
| IND | EWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 25.85% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 47.91% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.29% | 51.11% | -31.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.29% | 31.74% | -12.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 28.80% | -9.51% |
IND vs. EWY - Expense Ratio Comparison
IND has a 0.19% expense ratio, which is lower than EWY's 0.59% expense ratio.
Dividends
IND vs. EWY - Dividend Comparison
IND's dividend yield for the trailing twelve months is around 0.34%, less than EWY's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWY iShares MSCI South Korea ETF | 1.21% | 2.10% | 2.55% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% |
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 EWY have a correlation of 0.36, 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 0.59% for EWY.
EWY has the higher dividend yield at 1.21%, compared with 0.34% for IND.
IND is categorized as India Equities, while EWY is South Korea Equities. IND tracks Nifty 500 Index, while EWY tracks MSCI Korea Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.19% for IND and 0.59% for EWY.
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