INDA vs. IBIC
INDA (iShares MSCI India ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - INDA is a Asia Pacific Equities fund tracking the MSCI India Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, INDA returned -9.65% vs 4.42% for IBIC. At a correlation of -0.04, they often move in opposite directions. INDA charges 0.69%/yr vs 0.10%/yr for IBIC.
Performance
INDA vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, INDA achieves a -9.21% return, which is significantly lower than IBIC's 2.43% return.
INDA
- 1D
- -1.70%
- 1M
- 1.41%
- YTD
- -9.21%
- 6M
- -9.91%
- 1Y
- -9.65%
- 3Y*
- 5.09%
- 5Y*
- 3.46%
- 10Y*
- 7.42%
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INDA vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
INDA iShares MSCI India ETF | -9.21% | 2.68% | 8.63% | 7.88% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between INDA and IBIC is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.04 |
Over the past year, the inverse relationship between INDA and IBIC has strengthened: their correlation has moved from -0.04 to -0.27, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
INDA vs. IBIC — Risk / Return Rank
INDA
IBIC
INDA vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.64 | ||
| Sortino ratioReturn per unit of downside risk | -9.84 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 2.22 | -1.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 16.56 | -17.08 |
| Martin ratioReturn relative to average drawdown | -1.17 | 58.67 | -59.84 |
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Drawdowns
INDA vs. IBIC - Drawdown Comparison
The maximum INDA drawdown since its inception was -45.07%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for INDA and IBIC.
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Drawdown Indicators
| INDA | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.07% | -0.90% | -44.17% |
Max Drawdown (1Y)Largest decline over 1 year | -18.69% | -0.27% | -18.42% |
Max Drawdown (3Y)Largest decline over 3 years | -22.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.07% | — | — |
Current DrawdownCurrent decline from peak | -16.51% | -0.08% | -16.43% |
Average DrawdownAverage peak-to-trough decline | -9.60% | -0.10% | -9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.28% | 0.08% | +8.20% |
Volatility
INDA vs. IBIC - Volatility Comparison
iShares MSCI India ETF (INDA) has a higher volatility of 4.56% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that INDA's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDA | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 0.17% | +4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 0.67% | +12.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 0.89% | +14.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.44% | 1.56% | +13.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 1.56% | +19.52% |
INDA vs. IBIC - Expense Ratio Comparison
INDA has a 0.69% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
INDA vs. IBIC - Dividend Comparison
INDA has not paid dividends to shareholders, while IBIC's dividend yield for the trailing twelve months is around 3.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% | 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 IBIC 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.
INDA has higher volatility (4.56%) compared to IBIC (0.17%). In terms of maximum drawdown, INDA dropped -45.07% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.42% vs -9.65% for INDA. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.42% return vs -9.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.69% for INDA.
IBIC has the higher dividend yield at 3.58%, compared with 0.00% for INDA.
INDA is categorized as Asia Pacific Equities, while IBIC is Inflation-Protected Bonds. INDA tracks MSCI India Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. Their fees differ too: 0.69% for INDA and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs -0.65), 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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