INDA vs. FLXI.DE
INDA (iShares MSCI India ETF) and FLXI.DE (Franklin FTSE India UCITS ETF) are both Asia Pacific Equities funds - INDA tracks the MSCI India Index while FLXI.DE tracks the FTSE India 30/18 Capped. Both are passively managed. Over the past 5 years, INDA returned 2.79%/yr vs 4.43%/yr for FLXI.DE. Their correlation of 0.85 suggests significant overlap in exposure. INDA charges 0.69%/yr vs 0.19%/yr for FLXI.DE.
Performance
INDA vs. FLXI.DE - Performance Comparison
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Different Trading Currencies
INDA is traded in USD, while FLXI.DE is traded in EUR. To make them comparable, the FLXI.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, INDA achieves a -10.58% return, which is significantly lower than FLXI.DE's -9.77% 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%
FLXI.DE
- 1D
- 2.11%
- 1M
- 1.00%
- YTD
- -9.77%
- 6M
- -8.36%
- 1Y
- -10.66%
- 3Y*
- 6.20%
- 5Y*
- 4.43%
- 10Y*
- —
INDA vs. FLXI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
INDA iShares MSCI India ETF | -10.58% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 14.83% | 0.58% |
FLXI.DE Franklin FTSE India UCITS ETF | -9.77% | 3.04% | 10.28% | 20.98% | -7.21% | 24.83% | 11.82% | -0.43% |
Correlation
The correlation between INDA and FLXI.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.85 |
The correlation between INDA and FLXI.DE has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
INDA vs. FLXI.DE — Risk / Return Rank
INDA
FLXI.DE
INDA vs. FLXI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) and Franklin FTSE India UCITS ETF (FLXI.DE). 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 | FLXI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.90 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.58 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.46 | -1.37 | -0.09 |
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Drawdowns
INDA vs. FLXI.DE - Drawdown Comparison
The maximum INDA drawdown since its inception was -45.07%, which is greater than FLXI.DE's maximum drawdown of -41.88%. Use the drawdown chart below to compare losses from any high point for INDA and FLXI.DE.
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Drawdown Indicators
| INDA | FLXI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.07% | -41.88% | -3.19% |
Max Drawdown (1Y)Largest decline over 1 year | -18.69% | -18.30% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -22.72% | -22.72% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -22.72% | -22.72% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -45.07% | — | — |
Current DrawdownCurrent decline from peak | -17.77% | -17.51% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -8.26% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.09% | 7.74% | +0.35% |
Volatility
INDA vs. FLXI.DE - Volatility Comparison
The current volatility for iShares MSCI India ETF (INDA) is 4.16%, while Franklin FTSE India UCITS ETF (FLXI.DE) has a volatility of 4.88%. This indicates that INDA experiences smaller price fluctuations and is considered to be less risky than FLXI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDA | FLXI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 4.88% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 13.38% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.79% | 15.65% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 16.87% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.11% | 20.85% | +0.26% |
INDA vs. FLXI.DE - Expense Ratio Comparison
INDA has a 0.69% expense ratio, which is higher than FLXI.DE's 0.19% expense ratio.
Dividends
INDA vs. FLXI.DE - Dividend Comparison
Neither INDA nor FLXI.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLXI.DE Franklin FTSE India UCITS ETF | 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
INDA and FLXI.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXI.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXI.DE is cheaper with a 0.19% expense ratio, compared with 0.69% for INDA.
INDA tracks MSCI India Index, while FLXI.DE tracks FTSE India 30/18 Capped. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.69% for INDA and 0.19% for FLXI.DE.
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