INDA vs. MSFT
INDA (iShares MSCI India ETF) is Asia Pacific Equities fund tracking the MSCI India Index, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, INDA returned 6.73%/yr vs 24.64%/yr for MSFT. At a 0.37 correlation, their price movements are largely independent.
Performance
INDA vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, INDA achieves a -12.65% return, which is significantly higher than MSFT's -14.48% return. Over the past 10 years, INDA has underperformed MSFT with an annualized return of 6.73%, while MSFT has yielded a comparatively higher 24.64% annualized return.
INDA
- 1D
- -0.27%
- 1M
- -5.28%
- YTD
- -12.65%
- 6M
- -11.06%
- 1Y
- -14.02%
- 3Y*
- 4.13%
- 5Y*
- 2.36%
- 10Y*
- 6.73%
MSFT
- 1D
- -1.18%
- 1M
- -0.60%
- YTD
- -14.48%
- 6M
- -15.77%
- 1Y
- -11.77%
- 3Y*
- 8.85%
- 5Y*
- 11.09%
- 10Y*
- 24.64%
INDA vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDA iShares MSCI India ETF | -12.65% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 14.83% | 6.49% | -6.67% | 36.08% |
MSFT Microsoft Corporation | -14.48% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between INDA and MSFT is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2012 | 0.37 |
The correlation between INDA and MSFT shifts across timeframes, from 0.25 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
INDA vs. MSFT — Risk / Return Rank
INDA
MSFT
INDA vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.94 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.35 | -0.40 |
| Martin ratioReturn relative to average drawdown | -1.78 | -0.73 | -1.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| INDA | MSFT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.96 | -0.47 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.42 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.91 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.74 | -0.51 |
Drawdowns
INDA vs. MSFT - Drawdown Comparison
The maximum INDA drawdown since its inception was -45.07%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for INDA and MSFT.
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Drawdown Indicators
| INDA | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.07% | -69.38% | +24.31% |
Max Drawdown (1Y)Largest decline over 1 year | -18.69% | -33.91% | +15.22% |
Max Drawdown (3Y)Largest decline over 3 years | -22.72% | -33.91% | +11.19% |
Max Drawdown (5Y)Largest decline over 5 years | -22.72% | -37.15% | +14.43% |
Max Drawdown (10Y)Largest decline over 10 years | -45.07% | -37.15% | -7.92% |
Current DrawdownCurrent decline from peak | -19.68% | -23.56% | +3.88% |
Average DrawdownAverage peak-to-trough decline | -9.58% | -21.78% | +12.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.88% | 16.13% | -8.25% |
Volatility
INDA vs. MSFT - Volatility Comparison
The current volatility for iShares MSCI India ETF (INDA) is 5.11%, while Microsoft Corporation (MSFT) has a volatility of 10.25%. This indicates that INDA experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDA | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 10.25% | -5.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.75% | 22.36% | -9.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.72% | 25.31% | -10.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 26.64% | -11.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 27.06% | -5.94% |
Dividends
INDA vs. MSFT - Dividend Comparison
INDA has not paid dividends to shareholders, while MSFT's dividend yield for the trailing twelve months is around 0.86%.
| Position | 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% |
MSFT Microsoft Corporation | 0.86% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
INDA and MSFT have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.25%) compared to INDA (5.11%). In terms of maximum drawdown, INDA dropped -45.07% vs MSFT's -69.38%.
MSFT currently has the higher Sharpe Ratio (-0.47 vs -0.96), 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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