INDA vs. ^NDX
INDA (iShares MSCI India ETF) is Asia Pacific Equities fund tracking the MSCI India Index, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, INDA returned 7.09%/yr vs 20.95%/yr for ^NDX. At a 0.47 correlation, their price movements are largely independent.
Performance
INDA vs. ^NDX - Performance Comparison
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Returns By Period
In the year-to-date period, INDA achieves a -10.58% return, which is significantly lower than ^NDX's 17.37% return. Over the past 10 years, INDA has underperformed ^NDX with an annualized return of 7.09%, while ^NDX has yielded a comparatively higher 20.95% annualized return.
INDA
- 1D
- 1.13%
- 1M
- -0.06%
- YTD
- -10.58%
- 6M
- -9.05%
- 1Y
- -10.57%
- 3Y*
- 4.51%
- 5Y*
- 2.79%
- 10Y*
- 7.09%
^NDX
- 1D
- 0.64%
- 1M
- 0.19%
- YTD
- 17.37%
- 6M
- 17.62%
- 1Y
- 37.01%
- 3Y*
- 25.76%
- 5Y*
- 16.18%
- 10Y*
- 20.95%
INDA vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDA iShares MSCI India ETF | -10.58% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 14.83% | 6.49% | -6.67% | 36.08% |
^NDX NASDAQ 100 Index | 17.37% | 20.17% | 24.88% | 53.81% | -32.97% | 26.63% | 47.58% | 37.96% | -1.04% | 31.52% |
Correlation
The correlation between INDA and ^NDX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.47 |
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Return for Risk
INDA vs. ^NDX — Risk / Return Rank
INDA
^NDX
INDA vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) and NASDAQ 100 Index (^NDX). 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.
| INDA | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -3.78 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.36 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 2.92 | -3.55 |
| Martin ratioReturn relative to average drawdown | -1.46 | 10.85 | -12.31 |
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Drawdowns
INDA vs. ^NDX - Drawdown Comparison
The maximum INDA drawdown since its inception was -45.07%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for INDA and ^NDX.
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Drawdown Indicators
| INDA | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.07% | -82.90% | +37.83% |
Max Drawdown (1Y)Largest decline over 1 year | -18.69% | -12.12% | -6.57% |
Max Drawdown (3Y)Largest decline over 3 years | -22.72% | -22.93% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -22.72% | -35.56% | +12.84% |
Max Drawdown (10Y)Largest decline over 10 years | -45.07% | -35.56% | -9.51% |
Current DrawdownCurrent decline from peak | -17.77% | -3.34% | -14.43% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -24.61% | +15.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.09% | 3.26% | +4.83% |
Volatility
INDA vs. ^NDX - Volatility Comparison
The current volatility for iShares MSCI India ETF (INDA) is 4.16%, while NASDAQ 100 Index (^NDX) has a volatility of 7.51%. This indicates that INDA experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDA | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 7.51% | -3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 13.84% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.79% | 17.29% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 22.76% | -7.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.11% | 22.61% | -1.50% |
Frequently Asked Questions
INDA and ^NDX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^NDX has higher volatility (7.51%) compared to INDA (4.16%). In terms of maximum drawdown, INDA dropped -45.07% vs ^NDX's -82.90%.
^NDX currently has the higher Sharpe Ratio (2.05 vs -0.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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