INDA vs. ANXU.L

Last updated Jun 13, 2026

INDA (iShares MSCI India ETF) and ANXU.L (Amundi Nasdaq-100 UCITS USD) are both exchange-traded funds - INDA is a Asia Pacific Equities fund tracking the MSCI India Index, while ANXU.L is a Nasdaq-100 fund tracking the Russell 1000 Growth TR USD. Both are passively managed. Over the past 10 years, INDA returned 7.09%/yr vs 21.68%/yr for ANXU.L. At a 0.39 correlation, their price movements are largely independent. INDA charges 0.69%/yr vs 0.13%/yr for ANXU.L.

Performance

INDA vs. ANXU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI India ETF (INDA) and Amundi Nasdaq-100 UCITS USD (ANXU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INDA achieves a -10.58% return, which is significantly lower than ANXU.L's 16.81% return. Over the past 10 years, INDA has underperformed ANXU.L with an annualized return of 7.09%, while ANXU.L has yielded a comparatively higher 21.68% 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%

ANXU.L

• 1D: 3.02%
• 1M: 0.06%
• YTD: 16.81%
• 6M: 18.06%
• 1Y: 36.71%
• 3Y*: 26.40%
• 5Y*: 16.87%
• 10Y*: 21.68%

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

INDA vs. ANXU.L - 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%
ANXU.L Amundi Nasdaq-100 UCITS USD	16.81%	19.86%	26.74%	56.50%	-33.24%	27.99%	48.47%	39.48%	-1.06%	32.58%

Correlation

The correlation between INDA and ANXU.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012	0.39

The correlation between INDA and ANXU.L shifts across timeframes, from 0.26 (3 years) to 0.39 (all time), reflecting how their relationship changes across market environments.

INDA vs. ANXU.L - Sectors Allocation Comparison

Sectors	INDA	ANXU.L
Financial Services	28.4%	0.2%
Consumer Cyclical	12.5%	12.2%
Industrials	10.3%	3.1%
Energy	9.5%	0.6%
Technology	8.3%	53.7%
Basic Materials	8.0%	1.1%
Consumer Defensive	6.2%	7.7%
Healthcare	6.2%	4.2%
Communication Services	4.7%	15.8%
Utilities	4.6%	1.4%
Real Estate	1.4%	0.1%

Return for Risk

INDA vs. ANXU.L — 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: 2

ANXU.L

ANXU.L Risk / Return Rank: 74
ANXU.L Sharpe Ratio Rank: 78
ANXU.L Sortino Ratio Rank: 78
ANXU.L Omega Ratio Rank: 73
ANXU.L Calmar Ratio Rank: 73
ANXU.L Martin Ratio Rank: 70

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. ANXU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) and Amundi Nasdaq-100 UCITS USD (ANXU.L). 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	ANXU.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.80	2.16	-2.97
Sortino ratio: Return per unit of downside risk	-1.10	3.01	-4.11
Omega ratio: Gain probability vs. loss probability	0.88	1.37	-0.50
Calmar ratio: Return relative to maximum drawdown	-0.63	3.25	-3.88
Martin ratio: Return relative to average drawdown	-1.46	11.32	-12.78

INDA vs. ANXU.L - Sharpe Ratio Comparison

The current INDA Sharpe Ratio is -0.80, which is lower than the ANXU.L Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of INDA and ANXU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

INDA vs. ANXU.L - Drawdown Comparison

The maximum INDA drawdown since its inception was -45.07%, which is greater than ANXU.L's maximum drawdown of -35.13%. Use the drawdown chart below to compare losses from any high point for INDA and ANXU.L.

Drawdown Indicators

	INDA	ANXU.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.07%	-35.13%	-9.94%
Max Drawdown (1Y) Largest decline over 1 year	-18.69%	-11.01%	-7.68%
Max Drawdown (3Y) Largest decline over 3 years	-22.72%	-22.45%	-0.27%
Max Drawdown (5Y) Largest decline over 5 years	-22.72%	-35.13%	+12.41%
Max Drawdown (10Y) Largest decline over 10 years	-45.07%	-35.13%	-9.94%
Current Drawdown Current decline from peak	-17.77%	-3.14%	-14.63%
Average Drawdown Average peak-to-trough decline	-9.59%	-5.05%	-4.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.09%	3.16%	+4.93%

Volatility

INDA vs. ANXU.L - Volatility Comparison

The current volatility for iShares MSCI India ETF (INDA) is 4.16%, while Amundi Nasdaq-100 UCITS USD (ANXU.L) has a volatility of 6.29%. This indicates that INDA experiences smaller price fluctuations and is considered to be less risky than ANXU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INDA	ANXU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	6.29%	-2.13%
Volatility (6M) Calculated over the trailing 6-month period	12.77%	12.80%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	14.79%	16.52%	-1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.40%	20.84%	-5.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.11%	20.12%	+0.99%

INDA vs. ANXU.L - Expense Ratio Comparison

INDA has a 0.69% expense ratio, which is higher than ANXU.L's 0.13% expense ratio.

Dividends

INDA vs. ANXU.L - Dividend Comparison

Neither INDA nor ANXU.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANXU.L Amundi Nasdaq-100 UCITS USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both INDA and ANXU.L in my portfolio?

INDA and ANXU.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INDA or ANXU.L?

On fees, ANXU.L is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INDA or ANXU.L?

ANXU.L is cheaper with a 0.13% expense ratio, compared with 0.69% for INDA.

What is the main difference between INDA and ANXU.L?

INDA is categorized as Asia Pacific Equities, while ANXU.L is Nasdaq-100. INDA tracks MSCI India Index, while ANXU.L tracks Russell 1000 Growth TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.69% for INDA and 0.13% for ANXU.L.