INDA vs. AAPL
INDA (iShares MSCI India ETF) is Asia Pacific Equities fund tracking the MSCI India Index, while AAPL (Apple Inc) is a stock. Over the past 10 years, INDA returned 6.73%/yr vs 29.63%/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 -12.65% return, which is significantly lower than AAPL's 11.12% return. Over the past 10 years, INDA has underperformed AAPL with an annualized return of 6.73%, while AAPL has yielded a comparatively higher 29.63% annualized return.
INDA
- 1D
- -0.27%
- 1M
- -5.28%
- YTD
- -12.65%
- 6M
- -11.06%
- 1Y
- -14.02%
- 3Y*
- 4.13%
- 5Y*
- 2.36%
- 10Y*
- 6.73%
AAPL
- 1D
- -1.89%
- 1M
- 2.90%
- YTD
- 11.12%
- 6M
- 8.71%
- 1Y
- 48.46%
- 3Y*
- 19.11%
- 5Y*
- 19.46%
- 10Y*
- 29.63%
INDA vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDA iShares MSCI India ETF | -12.65% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 14.83% | 6.49% | -6.67% | 36.08% |
AAPL Apple Inc | 11.12% | 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 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
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 | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 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.
| INDA | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.13 | ||
| Sortino ratioReturn per unit of downside risk | -4.43 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.39 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 3.53 | -4.28 |
| Martin ratioReturn relative to average drawdown | -1.78 | 8.89 | -10.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| INDA | AAPL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.96 | 2.18 | -3.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.71 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 1.03 | -0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.44 | -0.21 |
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 | -18.69% | -13.80% | -4.89% |
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 | -19.68% | -4.33% | -15.35% |
Average DrawdownAverage peak-to-trough decline | -9.58% | -29.60% | +20.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.88% | 5.48% | +2.40% |
Volatility
INDA vs. AAPL - Volatility Comparison
The current volatility for iShares MSCI India ETF (INDA) is 5.11%, while Apple Inc (AAPL) has a volatility of 5.68%. 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 | 5.11% | 5.68% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 12.75% | 15.99% | -3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.72% | 22.41% | -7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 27.47% | -12.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 28.91% | -7.79% |
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 0.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.35% | 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 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPL has higher volatility (5.68%) compared to INDA (5.11%). In terms of maximum drawdown, INDA dropped -45.07% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.18 vs -0.96), 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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