INDA vs. RBIL
INDA (iShares MSCI India ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - INDA is a Asia Pacific Equities fund tracking the MSCI India Index, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, INDA returned -9.65% vs 4.07% for RBIL. At a correlation of -0.20, they often move in opposite directions. INDA charges 0.69%/yr vs 0.17%/yr for RBIL.
Performance
INDA vs. RBIL - 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 RBIL's 2.32% 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%
RBIL
- 1D
- 0.01%
- 1M
- -0.19%
- YTD
- 2.32%
- 6M
- 2.37%
- 1Y
- 4.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INDA vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
INDA iShares MSCI India ETF | -9.21% | 9.72% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.32% | 2.85% |
Correlation
The correlation between INDA and RBIL is -0.21, 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 | -0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | -0.20 |
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Return for Risk
INDA vs. RBIL — Risk / Return Rank
INDA
RBIL
INDA vs. RBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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 | RBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.00 | ||
| Sortino ratioReturn per unit of downside risk | -7.56 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 2.13 | -1.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 7.82 | -8.34 |
| Martin ratioReturn relative to average drawdown | -1.17 | 42.95 | -44.12 |
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Drawdowns
INDA vs. RBIL - Drawdown Comparison
The maximum INDA drawdown since its inception was -45.07%, which is greater than RBIL's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for INDA and RBIL.
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Drawdown Indicators
| INDA | RBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.07% | -0.52% | -44.55% |
Max Drawdown (1Y)Largest decline over 1 year | -18.69% | -0.52% | -18.17% |
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% | -0.50% | -16.01% |
Average DrawdownAverage peak-to-trough decline | -9.60% | -0.07% | -9.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.28% | 0.10% | +8.18% |
Volatility
INDA vs. RBIL - Volatility Comparison
iShares MSCI India ETF (INDA) has a higher volatility of 4.56% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.36%. This indicates that INDA's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDA | RBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 0.36% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 0.85% | +12.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 0.95% | +13.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.44% | 1.07% | +14.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 1.07% | +20.01% |
INDA vs. RBIL - Expense Ratio Comparison
INDA has a 0.69% expense ratio, which is higher than RBIL's 0.17% expense ratio.
Dividends
INDA vs. RBIL - Dividend Comparison
INDA has not paid dividends to shareholders, while RBIL's dividend yield for the trailing twelve months is around 4.38%.
| 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% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.38% | 3.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INDA and RBIL have a correlation of -0.21, 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 RBIL (0.36%). In terms of maximum drawdown, INDA dropped -45.07% vs RBIL's -0.52%.
On 1-year performance, RBIL leads with 4.07% vs -9.65% for INDA. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RBIL has performed better with a 4.07% return vs -9.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RBIL is cheaper with a 0.17% expense ratio, compared with 0.69% for INDA.
RBIL has the higher dividend yield at 4.38%, compared with 0.00% for INDA.
INDA is categorized as Asia Pacific Equities, while RBIL is Inflation-Protected Bonds. INDA tracks MSCI India Index, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: iShares and F/m. Their fees differ too: 0.69% for INDA and 0.17% for RBIL.
RBIL currently has the higher Sharpe Ratio (4.35 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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