INDA vs. ^BSE500

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI India ETF (INDA) and S&P BSE-500 (^BSE500).

INDA is a passively managed fund by iShares that tracks the performance of the MSCI India Index. It was launched on Feb 2, 2012.

Performance

INDA vs. ^BSE500 - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI India ETF (INDA) and S&P BSE-500 (^BSE500). The values are adjusted to include any dividend payments, if applicable.

INDA vs. ^BSE500 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INDA iShares MSCI India ETF	-13.58%	2.68%	8.63%	17.16%	-8.94%	21.36%	14.83%	6.49%	-6.67%	36.08%
^BSE500 S&P BSE-500	-15.53%	1.33%	11.40%	24.21%	-7.00%	27.54%	14.27%	5.05%	-11.19%	44.72%

Different Trading Currencies

INDA is traded in USD, while ^BSE500 is traded in INR. To make them comparable, the ^BSE500 values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, INDA achieves a -13.58% return, which is significantly higher than ^BSE500's -15.53% return. Over the past 10 years, INDA has underperformed ^BSE500 with an annualized return of 6.85%, while ^BSE500 has yielded a comparatively higher 8.66% annualized return.

INDA

• 1D: -0.28%
• 1M: -8.32%
• YTD: -13.58%
• 6M: -10.84%
• 1Y: -8.50%
• 3Y*: 6.19%
• 5Y*: 3.44%
• 10Y*: 6.85%

^BSE500

• 1D: 3.12%
• 1M: -10.01%
• YTD: -15.53%
• 6M: -13.33%
• 1Y: -9.14%
• 3Y*: 7.68%
• 5Y*: 5.36%
• 10Y*: 8.66%

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

Return for Risk

INDA vs. ^BSE500 — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INDA

INDA Risk / Return Rank: 3
INDA Sharpe Ratio Rank: 3
INDA Sortino Ratio Rank: 3
INDA Omega Ratio Rank: 3
INDA Calmar Ratio Rank: 4
INDA Martin Ratio Rank: 1

^BSE500

^BSE500 Risk / Return Rank: 9
^BSE500 Sharpe Ratio Rank: 11
^BSE500 Sortino Ratio Rank: 11
^BSE500 Omega Ratio Rank: 11
^BSE500 Calmar Ratio Rank: 9
^BSE500 Martin Ratio Rank: 6

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.

INDA vs. ^BSE500 - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) and S&P BSE-500 (^BSE500). 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.

	INDA	^BSE500	Difference
Sharpe ratio Return per unit of total volatility	-0.55	-0.57	+0.02
Sortino ratio Return per unit of downside risk	-0.70	-0.70	0.00
Omega ratio Gain probability vs. loss probability	0.92	0.91	0.00
Calmar ratio Return relative to maximum drawdown	-0.50	-0.52	+0.03
Martin ratio Return relative to average drawdown	-1.63	-1.78	+0.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INDA vs. ^BSE500 - Sharpe Ratio Comparison

The current INDA Sharpe Ratio is -0.55, which is comparable to the ^BSE500 Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of INDA and ^BSE500, 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

	INDA	^BSE500	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	-0.57	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.35	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.49	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.30	-0.06

Correlation

The correlation between INDA and ^BSE500 is 0.71, 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.

Drawdowns

INDA vs. ^BSE500 - Drawdown Comparison

The maximum INDA drawdown since its inception was -45.07%, roughly equal to the maximum ^BSE500 drawdown of -47.10%. Use the drawdown chart below to compare losses from any high point for INDA and ^BSE500.

Drawdown Indicators

	INDA	^BSE500	Difference
Max Drawdown Largest peak-to-trough decline	-45.07%	-38.39%	-6.68%
Max Drawdown (1Y) Largest decline over 1 year	-18.69%	-14.86%	-3.83%
Max Drawdown (5Y) Largest decline over 5 years	-22.72%	-18.96%	-3.76%
Max Drawdown (10Y) Largest decline over 10 years	-45.07%	-38.39%	-6.68%
Current Drawdown Current decline from peak	-20.53%	-15.04%	-5.49%
Average Drawdown Average peak-to-trough decline	-9.48%	-5.92%	-3.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.70%	3.64%	+2.06%

Volatility

INDA vs. ^BSE500 - Volatility Comparison

The current volatility for iShares MSCI India ETF (INDA) is 6.79%, while S&P BSE-500 (^BSE500) has a volatility of 8.21%. This indicates that INDA experiences smaller price fluctuations and is considered to be less risky than ^BSE500 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INDA	^BSE500	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.79%	8.21%	-1.42%
Volatility (6M) Calculated over the trailing 6-month period	10.88%	11.82%	-0.94%
Volatility (1Y) Calculated over the trailing 1-year period	15.58%	16.45%	-0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.38%	15.74%	-0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.12%	18.06%	+3.06%