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INDA vs. NKE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

INDA vs. NKE

Last updated Jun 13, 2026

INDA (iShares MSCI India ETF) is Asia Pacific Equities fund tracking the MSCI India Index, while NKE (NIKE, Inc.) is a stock. Over the past 10 years, INDA returned 7.09%/yr vs -0.48%/yr for NKE. At a 0.31 correlation, their price movements are largely independent.

Performance

INDA vs. NKE - Performance Comparison

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

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Returns By Period

In the year-to-date period, INDA achieves a -10.58% return, which is significantly higher than NKE's -28.37% return. Over the past 10 years, INDA has outperformed NKE with an annualized return of 7.09%, while NKE has yielded a comparatively lower -0.48% annualized 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%

NKE

1D
-2.24%
1M
7.88%
YTD
-28.37%
6M
-32.37%
1Y
-23.74%
3Y*
-23.49%
5Y*
-18.04%
10Y*
-0.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

INDA vs. NKE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
INDA
iShares MSCI India ETF		-10.58%2.68%8.63%17.16%-8.94%21.36%14.83%6.49%-6.67%36.08%
NKE
NIKE, Inc.		-28.37%-13.83%-29.11%-6.01%-29.04%18.70%40.97%38.09%19.87%24.70%

Correlation

The correlation between INDA and NKE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.22

Correlation (3Y)
Calculated over the trailing 3-year period

0.20

Correlation (5Y)
Calculated over the trailing 5-year period

0.33

Correlation (10Y)
Calculated over the trailing 10-year period

0.32

Correlation (All Time)
Calculated using the full available price history since Feb 3, 2012

0.31

The correlation between INDA and NKE shifts across timeframes, from 0.20 (3 years) to 0.33 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI India ETF

NIKE, Inc.

Often compared with INDA:
INDA vs. FLININDA vs. INDYINDA vs. EPIINDA vs. SMININDA vs. VOOINDA vs. MCHIINDA vs. VNM
Often compared with NKE:
NKE vs. ADS.DENKE vs. UANKE vs. ADDYYNKE vs. SPYNKE vs. ONONNKE vs. DECKNKE vs. UAA

Return for Risk

INDA vs. NKE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
INDA
INDA Risk / Return Rank: 33
Overall Rank
INDA Sharpe Ratio Rank: 33
Sharpe Ratio Rank
INDA Sortino Ratio Rank: 33
Sortino Ratio Rank
INDA Omega Ratio Rank: 33
Omega Ratio Rank
INDA Calmar Ratio Rank: 44
Calmar Ratio Rank
INDA Martin Ratio Rank: 22
Martin Ratio Rank
NKE
NKE Risk / Return Rank: 1717
Overall Rank
NKE Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
NKE Sortino Ratio Rank: 1515
Sortino Ratio Rank
NKE Omega Ratio Rank: 1515
Omega Ratio Rank
NKE Calmar Ratio Rank: 2222
Calmar Ratio Rank
NKE Martin Ratio Rank: 2020
Martin Ratio Rank
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. NKE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) and NIKE, Inc. (NKE). 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.

INDANKEDifference
Sharpe ratioReturn per unit of total volatility
-0.80
-0.69

-0.11

Sortino ratioReturn per unit of downside risk
-1.10
-0.84

-0.26

Omega ratioGain probability vs. loss probability

0.88

0.89

-0.01

Calmar ratioReturn relative to maximum drawdown

-0.63

-0.58

-0.06

Martin ratioReturn relative to average drawdown

-1.46

-1.09

-0.37

INDA vs. NKE - Sharpe Ratio Comparison

The current INDA Sharpe Ratio is -0.80, which is comparable to the NKE Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of INDA and NKE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

INDA vs. NKE - Drawdown Comparison

The maximum INDA drawdown since its inception was -45.07%, smaller than the maximum NKE drawdown of -75.19%. Use the drawdown chart below to compare losses from any high point for INDA and NKE.

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Drawdown Indicators

INDANKEDifference

Max Drawdown

Largest peak-to-trough decline

-45.07%

-75.19%

+30.12%

Max Drawdown (1Y)

Largest decline over 1 year

-18.69%

-46.18%

+27.49%

Max Drawdown (3Y)

Largest decline over 3 years

-22.72%

-64.21%

+41.49%

Max Drawdown (5Y)

Largest decline over 5 years

-22.72%

-74.64%

+51.92%

Max Drawdown (10Y)

Largest decline over 10 years

-45.07%

-74.64%

+29.57%

Current Drawdown

Current decline from peak

-17.77%

-72.55%

+54.78%

Average Drawdown

Average peak-to-trough decline

-9.59%

-20.93%

+11.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.09%

24.38%

-16.29%

Volatility

INDA vs. NKE - Volatility Comparison

The current volatility for iShares MSCI India ETF (INDA) is 4.16%, while NIKE, Inc. (NKE) has a volatility of 10.43%. This indicates that INDA experiences smaller price fluctuations and is considered to be less risky than NKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

INDANKEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.16%

10.43%

-6.27%

Volatility (6M)

Calculated over the trailing 6-month period

12.77%

29.43%

-16.66%

Volatility (1Y)

Calculated over the trailing 1-year period

14.79%

38.48%

-23.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.40%

35.91%

-20.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.11%

32.29%

-11.18%

Dividends

INDA vs. NKE - Dividend Comparison

INDA has not paid dividends to shareholders, while NKE's dividend yield for the trailing twelve months is around 3.63%.

PositionTTM20252024202320222021202020192018201720162015
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%
NKE
NIKE, Inc.		3.63%2.53%2.00%1.28%1.07%0.68%0.71%0.89%1.11%1.18%1.30%0.93%

Frequently Asked Questions

INDA and NKE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NKE has higher volatility (10.43%) compared to INDA (4.16%). In terms of maximum drawdown, INDA dropped -45.07% vs NKE's -75.19%.

NKE currently has the higher Sharpe Ratio (-0.69 vs -0.80), 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.

Portfolio Optimizer

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