INDA vs. INCO
Compare and contrast key facts about iShares MSCI India ETF (INDA) and Columbia India Consumer ETF (INCO).
INDA and INCO 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. INCO is a passively managed fund by Ameriprise Financial that tracks the performance of the Indxx India Consumer Index. It was launched on Aug 10, 2011. Both INDA and INCO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INDA or INCO.
Performance
INDA vs. INCO - Performance Comparison
Returns By Period
In the year-to-date period, INDA achieves a 8.63% return, which is significantly lower than INCO's 12.74% return. Over the past 10 years, INDA has underperformed INCO with an annualized return of 6.51%, while INCO has yielded a comparatively higher 9.60% annualized return.
INDA
8.63%
-7.06%
0.09%
17.87%
10.72%
6.51%
INCO
12.74%
-10.15%
-0.35%
23.67%
14.01%
9.60%
Key characteristics
| INDA | INCO | |
|---|---|---|
| Sharpe Ratio | 1.28 | 1.77 |
| Sortino Ratio | 1.68 | 2.57 |
| Omega Ratio | 1.25 | 1.31 |
| Calmar Ratio | 1.72 | 1.58 |
| Martin Ratio | 6.60 | 6.34 |
| Ulcer Index | 2.72% | 3.82% |
| Daily Std Dev | 14.05% | 13.64% |
| Max Drawdown | -45.06% | -47.69% |
| Current Drawdown | -10.44% | -15.31% |
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INDA vs. INCO - Expense Ratio Comparison
INDA has a 0.69% expense ratio, which is lower than INCO's 0.75% expense ratio.
Correlation
The correlation between INDA and INCO is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
INDA vs. INCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) and Columbia India Consumer ETF (INCO). 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.
Dividends
INDA vs. INCO - Dividend Comparison
INDA has not paid dividends to shareholders, while INCO's dividend yield for the trailing twelve months is around 3.38%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDA iShares MSCI India ETF | 0.00% | 0.16% | 0.00% | 6.44% | 0.27% | 1.00% | 0.94% | 1.09% | 0.91% | 1.19% | 0.63% | 0.40% |
INCO Columbia India Consumer ETF | 3.38% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% | 0.00% | 0.08% | 0.00% |
Drawdowns
INDA vs. INCO - Drawdown Comparison
The maximum INDA drawdown since its inception was -45.06%, smaller than the maximum INCO drawdown of -47.69%. Use the drawdown chart below to compare losses from any high point for INDA and INCO. For additional features, visit the drawdowns tool.
Volatility
INDA vs. INCO - Volatility Comparison
iShares MSCI India ETF (INDA) has a higher volatility of 3.19% compared to Columbia India Consumer ETF (INCO) at 2.90%. This indicates that INDA's price experiences larger fluctuations and is considered to be riskier than INCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.