INDA vs. AAPL
INDA (iShares MSCI India ETF) is India Equities fund tracking the MSCI India Index, while AAPL (Apple Inc) is a stock. Over the past 10 years, INDA returned 6.45%/yr vs 30.70%/yr for AAPL. At a 0.32 correlation, their price movements are largely independent.
Performance
INDA vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, INDA achieves a -10.18% return, which is significantly lower than AAPL's 20.35% return. Over the past 10 years, INDA has underperformed AAPL with an annualized return of 6.45%, while AAPL has yielded a comparatively higher 30.70% annualized return.
INDA
- 1D
- -0.74%
- 1M
- -2.08%
- 6M
- -8.14%
- YTD
- -10.18%
- 1Y
- -10.92%
- 3Y*
- 3.30%
- 5Y*
- 3.36%
- 10Y*
- 6.45%
- ALL TIME*
- 5.26%
AAPL
- 1D
- -2.14%
- 1M
- 9.59%
- 6M
- 28.05%
- YTD
- 20.35%
- 1Y
- 55.26%
- 3Y*
- 19.94%
- 5Y*
- 18.17%
- 10Y*
- 30.70%
- ALL TIME*
- 19.46%
INDA vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDA iShares MSCI India ETF | -10.18% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 14.83% | 6.49% | -6.67% | 36.08% |
AAPL Apple Inc | 20.35% | 9.05% | 30.71% | 49.01% | -26.40% | 34.65% | 82.31% | 88.96% | -5.39% | 48.46% |
Correlation
The correlation between INDA and AAPL is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.32 |
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Return for Risk
INDA vs. AAPL — Risk / Return Rank
INDA
AAPL
INDA vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) and Apple Inc (AAPL). 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 | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.00 | ||
| Sortino ratioReturn per unit of downside risk | -4.08 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.41 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 4.02 | -4.64 |
| Martin ratioReturn relative to average drawdown | -1.37 | 9.58 | -10.95 |
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Drawdowns
INDA vs. AAPL - Drawdown Comparison
The maximum INDA drawdown since its inception was -45.07%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for INDA and AAPL.
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Drawdown Indicators
| INDA | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.07% | -81.80% | +36.73% |
Max Drawdown (1Y)Largest decline over 1 year | -17.85% | -13.80% | -4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -22.72% | -33.36% | +10.64% |
Max Drawdown (5Y)Largest decline over 5 years | -22.72% | -33.36% | +10.64% |
Max Drawdown (10Y)Largest decline over 10 years | -45.07% | -38.52% | -6.55% |
Current DrawdownCurrent decline from peak | -17.40% | -2.14% | -15.26% |
Average DrawdownAverage peak-to-trough decline | -9.63% | -29.54% | +19.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.99% | 5.78% | +2.21% |
Volatility
INDA vs. AAPL - Volatility Comparison
The current volatility for iShares MSCI India ETF (INDA) is 3.80%, while Apple Inc (AAPL) has a volatility of 10.61%. This indicates that INDA experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDA | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 10.61% | -6.81% |
Volatility (6M)Calculated over the trailing 6-month period | 13.08% | 19.34% | -6.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 24.55% | -9.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.46% | 27.79% | -12.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.06% | 29.08% | -8.02% |
Dividends
INDA vs. AAPL - Dividend Comparison
INDA has not paid dividends to shareholders, while AAPL's dividend yield for the trailing twelve months is around 0.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.32% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
INDA iShares MSCI India ETF | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
Frequently Asked Questions
INDA and AAPL have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPL has higher volatility (10.61%) compared to INDA (3.80%). In terms of maximum drawdown, INDA dropped -45.07% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.27 vs -0.73), 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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