PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
INDA vs. FDVV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

INDA vs. FDVV

Last updated Jun 14, 2026

INDA (iShares MSCI India ETF) and FDVV (Fidelity High Dividend ETF) are both exchange-traded funds - INDA is a Asia Pacific Equities fund tracking the MSCI India Index, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. Both are passively managed. Over the past 5 years, INDA returned 2.79%/yr vs 13.53%/yr for FDVV. At a 0.50 correlation, their price movements are largely independent. INDA charges 0.69%/yr vs 0.29%/yr for FDVV.

Performance

INDA vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI India ETF (INDA) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, INDA achieves a -10.58% return, which is significantly lower than FDVV's 9.30% 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%

FDVV

1D
0.57%
1M
2.54%
YTD
9.30%
6M
9.44%
1Y
23.92%
3Y*
19.75%
5Y*
13.53%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

INDA vs. FDVV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
FDVV
Fidelity High Dividend ETF		9.30%17.08%21.81%18.00%-4.21%29.24%2.80%24.07%-1.26%14.00%

Correlation

The correlation between INDA and FDVV is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.54

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2016

0.50

The correlation between INDA and FDVV has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.

INDA vs. FDVV - Sectors Allocation Comparison

Sectors
INDA
FDVV

Financial Services

28.9%
17.0%

Consumer Cyclical

12.0%
13.6%

Industrials

10.6%
3.0%

Energy

9.1%

-

Basic Materials

8.6%

-

Technology

8.0%
30.5%

Healthcare

6.1%
3.0%

Consumer Defensive

5.8%
10.7%

Communication Services

5.1%
3.6%

Utilities

4.4%
8.6%

Real Estate

1.3%
9.9%

Financial Services

INDA
28.9%
FDVV
17.0%

Consumer Cyclical

INDA
12.0%
FDVV
13.6%

Industrials

INDA
10.6%
FDVV
3.0%

Energy

INDA
9.1%
FDVV

-

Basic Materials

INDA
8.6%
FDVV

-

Technology

INDA
8.0%
FDVV
30.5%

Healthcare

INDA
6.1%
FDVV
3.0%

Consumer Defensive

INDA
5.8%
FDVV
10.7%

Communication Services

INDA
5.1%
FDVV
3.6%

Utilities

INDA
4.4%
FDVV
8.6%

Real Estate

INDA
1.3%
FDVV
9.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI India ETF

Fidelity High Dividend ETF

Often compared with INDA:
INDA vs. FLININDA vs. INDYINDA vs. EPIINDA vs. SMININDA vs. VOOINDA vs. MCHIINDA vs. VNM
Often compared with FDVV:
FDVV vs. SCHDFDVV vs. VYMFDVV vs. VOOFDVV vs. SPYDFDVV vs. FDRRFDVV vs. DESFDVV vs. FGRIX

Return for Risk

INDA vs. FDVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
INDA
INDA Risk / Return Rank: 33
Overall Rank
INDA Sharpe Ratio Rank: 33
Sharpe Ratio Rank
INDA Sortino Ratio Rank: 33
Sortino Ratio Rank
INDA Omega Ratio Rank: 33
Omega Ratio Rank
INDA Calmar Ratio Rank: 44
Calmar Ratio Rank
INDA Martin Ratio Rank: 22
Martin Ratio Rank
FDVV
FDVV Risk / Return Rank: 7373
Overall Rank
FDVV Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FDVV Sortino Ratio Rank: 8282
Sortino Ratio Rank
FDVV Omega Ratio Rank: 8181
Omega Ratio Rank
FDVV Calmar Ratio Rank: 5656
Calmar Ratio Rank
FDVV Martin Ratio Rank: 6464
Martin Ratio Rank
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. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) and Fidelity High Dividend ETF (FDVV). 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.

INDAFDVVDifference
Sharpe ratioReturn per unit of total volatility
-0.80
2.24

-3.05

Sortino ratioReturn per unit of downside risk
-1.10
3.14

-4.23

Omega ratioGain probability vs. loss probability

0.88

1.41

-0.54

Calmar ratioReturn relative to maximum drawdown

-0.63

2.44

-3.07

Martin ratioReturn relative to average drawdown

-1.46

10.11

-11.57

INDA vs. FDVV - Sharpe Ratio Comparison

The current INDA Sharpe Ratio is -0.80, which is lower than the FDVV Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of INDA and FDVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

INDA vs. FDVV - Drawdown Comparison

The maximum INDA drawdown since its inception was -45.07%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for INDA and FDVV.

Loading charts...

Drawdown Indicators

INDAFDVVDifference

Max Drawdown

Largest peak-to-trough decline

-45.07%

-40.25%

-4.82%

Max Drawdown (1Y)

Largest decline over 1 year

-18.69%

-9.30%

-9.39%

Max Drawdown (3Y)

Largest decline over 3 years

-22.72%

-15.90%

-6.82%

Max Drawdown (5Y)

Largest decline over 5 years

-22.72%

-20.18%

-2.54%

Max Drawdown (10Y)

Largest decline over 10 years

-45.07%

—

—

Current Drawdown

Current decline from peak

-17.77%

-0.29%

-17.48%

Average Drawdown

Average peak-to-trough decline

-9.59%

-3.80%

-5.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.09%

2.24%

+5.85%

Volatility

INDA vs. FDVV - Volatility Comparison

iShares MSCI India ETF (INDA) has a higher volatility of 4.16% compared to Fidelity High Dividend ETF (FDVV) at 3.16%. This indicates that INDA's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

INDAFDVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.16%

3.16%

+1.00%

Volatility (6M)

Calculated over the trailing 6-month period

12.77%

8.16%

+4.61%

Volatility (1Y)

Calculated over the trailing 1-year period

14.79%

10.12%

+4.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.40%

14.76%

+0.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.11%

16.98%

+4.13%

INDA vs. FDVV - Expense Ratio Comparison

INDA has a 0.69% expense ratio, which is higher than FDVV's 0.29% expense ratio.

Dividends

INDA vs. FDVV - Dividend Comparison

INDA has not paid dividends to shareholders, while FDVV's dividend yield for the trailing twelve months is around 2.70%.

PositionTTM20252024202320222021202020192018201720162015
FDVV
Fidelity High Dividend ETF		2.70%2.89%2.94%3.77%3.44%2.70%3.19%3.93%4.05%3.66%1.04%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

INDA and FDVV have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

INDA has higher volatility (4.16%) compared to FDVV (3.16%). In terms of maximum drawdown, INDA dropped -45.07% vs FDVV's -40.25%.

On 5-year performance, FDVV leads with 13.53% vs 2.79% for INDA. On fees, FDVV is cheaper at 0.29% per year. On volatility, FDVV has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FDVV has performed better with a 13.53% return vs 2.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FDVV is cheaper with a 0.29% expense ratio, compared with 0.69% for INDA.

FDVV has the higher dividend yield at 2.70%, compared with 0.00% for INDA.

INDA is categorized as Asia Pacific Equities, while FDVV is Large Cap Blend Equities. INDA tracks MSCI India Index, while FDVV tracks Fidelity Core Dividend Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.69% for INDA and 0.29% for FDVV.

FDVV currently has the higher Sharpe Ratio (2.24 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.

Portfolio Optimizer

Find the right allocation for INDA and FDVV

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer