INDA vs. FLTW

Last updated Apr 5, 2026

Compare and contrast key facts about iShares MSCI India ETF (INDA) and Franklin FTSE Taiwan ETF (FLTW).

INDA and FLTW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INDA is a passively managed fund by iShares that tracks the performance of the MSCI India Index. It was launched on Feb 2, 2012. FLTW is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Taiwan RIC Capped Index. It was launched on Nov 2, 2017. Both INDA and FLTW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

INDA vs. FLTW - Performance Comparison

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

Returns By Period

In the year-to-date period, INDA achieves a -13.69% return, which is significantly lower than FLTW's 11.26% return.

INDA

• 1D: -0.13%
• 1M: -7.39%
• YTD: -13.69%
• 6M: -11.06%
• 1Y: -5.16%
• 3Y*: 6.03%
• 5Y*: 3.41%
• 10Y*: 6.86%

FLTW

• 1D: -1.58%
• 1M: -1.25%
• YTD: 11.26%
• 6M: 15.72%
• 1Y: 73.57%
• 3Y*: 24.98%
• 5Y*: 12.96%
• 10Y*: —

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

INDA vs. FLTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INDA iShares MSCI India ETF	-13.69%	2.68%	8.63%	17.16%	-8.94%	21.36%	14.83%	6.49%	-6.67%	1.54%
FLTW Franklin FTSE Taiwan ETF	11.26%	32.00%	16.68%	30.05%	-27.51%	29.46%	29.77%	31.23%	-9.32%	-1.25%

Correlation

The correlation between INDA and FLTW is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners. Combining low-correlation assets is one of the most reliable ways to reduce portfolio risk without sacrificing expected returns.

INDA vs. FLTW - Expense Ratio Comparison

INDA has a 0.69% expense ratio, which is higher than FLTW's 0.19% expense ratio.

INDA

iShares MSCI India ETF

FLTW

Franklin FTSE Taiwan ETF

Return for Risk

INDA vs. FLTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INDA

INDA Risk / Return Rank: 2
INDA Sharpe Ratio Rank: 3
INDA Sortino Ratio Rank: 2
INDA Omega Ratio Rank: 3
INDA Calmar Ratio Rank: 4
INDA Martin Ratio Rank: 1

FLTW

FLTW Risk / Return Rank: 90
FLTW Sharpe Ratio Rank: 91
FLTW Sortino Ratio Rank: 91
FLTW Omega Ratio Rank: 88
FLTW Calmar Ratio Rank: 90
FLTW Martin Ratio Rank: 92

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. FLTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) and Franklin FTSE Taiwan ETF (FLTW). 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	FLTW	Difference
Sharpe ratio Return per unit of total volatility	-0.62	2.09	-2.71
Sortino ratio Return per unit of downside risk	-0.80	2.78	-3.58
Omega ratio Gain probability vs. loss probability	0.91	1.37	-0.47
Calmar ratio Return relative to maximum drawdown	-0.46	3.69	-4.15
Martin ratio Return relative to average drawdown	-1.49	14.84	-16.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INDA vs. FLTW - Sharpe Ratio Comparison

The current INDA Sharpe Ratio is -0.62, which is lower than the FLTW Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of INDA and FLTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	INDA	FLTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.62	2.09	-2.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.59	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.70	-0.47

Drawdowns

INDA vs. FLTW - Drawdown Comparison

The maximum INDA drawdown since its inception was -45.07%, which is greater than FLTW's maximum drawdown of -38.00%. Use the drawdown chart below to compare losses from any high point for INDA and FLTW.

Drawdown Indicators

	INDA	FLTW	Difference
Max Drawdown Largest peak-to-trough decline	-45.07%	-38.00%	-7.07%
Max Drawdown (1Y) Largest decline over 1 year	-18.69%	-10.87%	-7.82%
Max Drawdown (5Y) Largest decline over 5 years	-22.72%	-38.00%	+15.28%
Max Drawdown (10Y) Largest decline over 10 years	-45.07%	—	—
Current Drawdown Current decline from peak	-20.63%	-9.02%	-11.61%
Average Drawdown Average peak-to-trough decline	-9.49%	-8.57%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.79%	3.93%	+1.86%

Volatility

INDA vs. FLTW - Volatility Comparison

The current volatility for iShares MSCI India ETF (INDA) is 6.78%, while Franklin FTSE Taiwan ETF (FLTW) has a volatility of 10.17%. This indicates that INDA experiences smaller price fluctuations and is considered to be less risky than FLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INDA	FLTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.78%	10.17%	-3.39%
Volatility (6M) Calculated over the trailing 6-month period	10.85%	18.51%	-7.66%
Volatility (1Y) Calculated over the trailing 1-year period	15.55%	27.56%	-12.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.37%	22.06%	-6.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.12%	21.31%	-0.19%

Dividends

INDA vs. FLTW - Dividend Comparison

INDA has not paid dividends to shareholders, while FLTW's dividend yield for the trailing twelve months is around 2.25%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FLTW Franklin FTSE Taiwan ETF	2.25%	2.51%	1.89%	2.85%	3.16%	2.31%	2.14%	3.00%	1.06%	0.00%	0.00%	0.00%