INDA vs. IND

Last updated Jul 14, 2026

INDA (iShares MSCI India ETF) and IND (Xtrackers Nifty 500 India ETF) are both India Equities funds - INDA tracks the MSCI India Index while IND tracks the Nifty 500 Index. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. INDA charges 0.69%/yr vs 0.19%/yr for IND.

Performance

INDA vs. IND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI India ETF (INDA) and Xtrackers Nifty 500 India ETF (IND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INDA achieves a -9.73% return, which is significantly lower than IND's -8.13% return.

INDA

• 1D: -1.03%
• 1M: 0.95%
• 6M: -8.63%
• YTD: -9.73%
• 1Y: -11.10%
• 3Y*: 3.55%
• 5Y*: 3.34%
• 10Y*: 6.55%

IND

• 1D: -0.09%
• 1M: 2.98%
• 6M: -6.90%
• YTD: -8.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INDA vs. IND - Yearly Performance Comparison

	2026 (YTD)	2025
INDA iShares MSCI India ETF	-9.73%	-0.31%
IND Xtrackers Nifty 500 India ETF	-8.13%	-0.34%

Correlation

The correlation between INDA and IND is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.82

Return for Risk

INDA vs. IND — Risk / Return Rank

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

INDA

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

IND

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. IND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) and Xtrackers Nifty 500 India ETF (IND). 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	IND	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	—	—
Sortino ratio: Return per unit of downside risk	-1.00	—	—
Omega ratio: Gain probability vs. loss probability	0.89	—	—
Calmar ratio: Return relative to maximum drawdown	-0.62	—	—
Martin ratio: Return relative to average drawdown	-1.40	—	—

Drawdowns

INDA vs. IND - Drawdown Comparison

The maximum INDA drawdown since its inception was -45.07%, which is greater than IND's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for INDA and IND.

Drawdown Indicators

	INDA	IND	Difference
Max Drawdown Largest peak-to-trough decline	-45.07%	-18.75%	-26.32%
Max Drawdown (1Y) Largest decline over 1 year	-17.85%	—	—
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 Drawdown Current decline from peak	-16.99%	-9.32%	-7.67%
Average Drawdown Average peak-to-trough decline	-9.62%	-7.86%	-1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.92%	—	—

Volatility

Volatility by Period

	INDA	IND	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.03%	19.29%	-4.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.47%	19.29%	-3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.06%	19.29%	+1.77%

INDA vs. IND - Expense Ratio Comparison

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

Dividends

INDA vs. IND - Dividend Comparison

INDA has not paid dividends to shareholders, while IND's dividend yield for the trailing twelve months is around 0.34%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IND Xtrackers Nifty 500 India ETF	0.34%	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

Can I hold both INDA and IND in my portfolio?

INDA and IND have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INDA or IND?

On fees, IND is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INDA or IND?

IND is cheaper with a 0.19% expense ratio, compared with 0.69% for INDA.

Which ETF pays a higher dividend yield, INDA or IND?

IND has the higher dividend yield at 0.34%, compared with 0.00% for INDA.

What is the main difference between INDA and IND?

INDA tracks MSCI India Index, while IND tracks Nifty 500 Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.69% for INDA and 0.19% for IND.