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INDA vs. SOXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

INDA vs. SOXX

Last updated Aug 2, 2026
Documentation

INDA (iShares MSCI India ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - INDA is a India Equities fund tracking the MSCI India Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, INDA returned 6.56%/yr vs 32.19%/yr for SOXX. Their 0.42 correlation means their historical movements had little consistent relationship. INDA charges 0.69%/yr vs 0.34%/yr for SOXX.

Performance

INDA vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI India ETF (INDA) and iShares Semiconductor ETF (SOXX). 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 -7.86% return, which is significantly lower than SOXX's 67.84% return. Over the past 10 years, INDA has underperformed SOXX with an annualized return of 6.56%, while SOXX has yielded a comparatively higher 32.19% annualized return.

INDA

1D
0.20%
1M
0.48%
6M
-3.75%
YTD
-7.86%
1Y
-5.54%
3Y*
4.09%
5Y*
3.65%
10Y*
6.56%
ALL TIME*
5.44%

SOXX

1D
0.07%
1M
-10.85%
6M
45.95%
YTD
67.84%
1Y
113.81%
3Y*
42.35%
5Y*
28.10%
10Y*
32.19%
ALL TIME*
13.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

INDA

iShares MSCI India ETF
$354.20M$298.51M$312.64M

SOXX

iShares Semiconductor ETF
$6.04B$5.84B$5.80B

INDA vs. SOXX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
INDA
iShares MSCI India ETF		-7.86%2.68%8.63%17.16%-8.94%21.36%14.83%6.49%-6.67%36.08%
SOXX
iShares Semiconductor ETF		67.84%40.74%12.92%67.12%-35.09%44.09%52.72%62.42%-6.49%39.79%

Correlation

The correlation between INDA and SOXX is 0.28, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.28

Correlation (3Y)
Balances recent behavior with more history.

0.33

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.41

Correlation (10Y)
Provides a long-term view across more market conditions.

0.41

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

0.42

The correlation between INDA and SOXX shifts across timeframes, from 0.28 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

INDA vs. SOXX - Sectors Allocation Comparison

Sectors
INDA
SOXX

Financial Services

30.3%

-

Consumer Cyclical

12.3%

-

Industrials

10.5%

-

Energy

8.8%

-

Basic Materials

8.5%

-

Technology

7.1%
100.0%

Healthcare

6.4%

-

Consumer Defensive

5.6%

-

Communication Services

5.0%

-

Utilities

4.2%

-

Real Estate

1.4%

-

Financial Services

INDA
30.3%
SOXX

-

Consumer Cyclical

INDA
12.3%
SOXX

-

Industrials

INDA
10.5%
SOXX

-

Energy

INDA
8.8%
SOXX

-

Basic Materials

INDA
8.5%
SOXX

-

Technology

INDA
7.1%
SOXX
100.0%

Healthcare

INDA
6.4%
SOXX

-

Consumer Defensive

INDA
5.6%
SOXX

-

Communication Services

INDA
5.0%
SOXX

-

Utilities

INDA
4.2%
SOXX

-

Real Estate

INDA
1.4%
SOXX

-

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

iShares Semiconductor ETF

Often compared with INDA:
INDA vs. FLININDA vs. INDYINDA vs. EPIINDA vs. SMININDA vs. VOOINDA vs. MCHIINDA vs. VNM
Often compared with SOXX:
SOXX vs. SMHSOXX vs. QQQSOXX vs. SOXLSOXX vs. SOXQSOXX vs. FSELXSOXX vs. VGTSOXX vs. VOO

Return for Risk

INDA vs. SOXX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
INDA
INDA Risk / Return Rank: 66
Overall Rank
INDA Sharpe Ratio Rank: 66
Sharpe Ratio Rank
INDA Sortino Ratio Rank: 66
Sortino Ratio Rank
INDA Omega Ratio Rank: 66
Omega Ratio Rank
INDA Calmar Ratio Rank: 77
Calmar Ratio Rank
INDA Martin Ratio Rank: 66
Martin Ratio Rank
SOXX
SOXX Risk / Return Rank: 9090
Overall Rank
SOXX Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
SOXX Sortino Ratio Rank: 8686
Sortino Ratio Rank
SOXX Omega Ratio Rank: 8787
Omega Ratio Rank
SOXX Calmar Ratio Rank: 9090
Calmar Ratio Rank
SOXX Martin Ratio Rank: 9393
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

INDA vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) and iShares Semiconductor ETF (SOXX). 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.

INDASOXXDifference
Sharpe ratioReturn per unit of total volatility
-0.36
2.53

-2.88

Sortino ratioReturn per unit of downside risk
-0.42
2.83

-3.25

Omega ratioGain probability vs. loss probability

0.95

1.38

-0.43

Calmar ratioReturn relative to maximum drawdown

-0.30

3.86

-4.16

Martin ratioReturn relative to average drawdown

-0.66

16.24

-16.90

INDA vs. SOXX - Sharpe Ratio Comparison

The current INDA Sharpe Ratio is -0.36, which is lower than the SOXX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of INDA and SOXX, 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. SOXX - Drawdown Comparison

The maximum INDA drawdown since its inception was -45.07%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for INDA and SOXX.

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Drawdown Indicators

INDASOXXDifference

Max Drawdown

Largest peak-to-trough decline

-45.07%

-70.21%

+25.14%

Max Drawdown (1Y)

Largest decline over 1 year

-17.85%

-29.01%

+11.16%

Max Drawdown (3Y)

Largest decline over 3 years

-22.72%

-41.36%

+18.64%

Max Drawdown (5Y)

Largest decline over 5 years

-22.72%

-45.75%

+23.03%

Max Drawdown (10Y)

Largest decline over 10 years

-45.07%

-45.75%

+0.68%

Current Drawdown

Current decline from peak

-15.27%

-22.92%

+7.65%

Average Drawdown

Average peak-to-trough decline

-9.65%

-19.92%

+10.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.16%

6.88%

+1.28%

Volatility

INDA vs. SOXX - Volatility Comparison

The current volatility for iShares MSCI India ETF (INDA) is 4.11%, while iShares Semiconductor ETF (SOXX) has a volatility of 17.83%. This indicates that INDA experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

INDASOXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.11%

17.83%

-13.72%

Volatility (6M)

Calculated over the trailing 6-month period

13.19%

38.92%

-25.73%

Volatility (1Y)

Calculated over the trailing 1-year period

15.11%

44.48%

-29.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.50%

38.24%

-22.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.07%

34.54%

-13.47%

INDA vs. SOXX - Expense Ratio Comparison

INDA has a 0.69% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

INDA vs. SOXX - Dividend Comparison

INDA has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.29%.

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%
SOXX
iShares Semiconductor ETF		0.29%0.57%0.67%0.78%1.26%0.64%0.81%1.23%1.37%0.90%1.08%1.29%

Frequently Asked Questions

INDA and SOXX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SOXX has higher volatility (17.83%) compared to INDA (4.11%). In terms of maximum drawdown, INDA dropped -45.07% vs SOXX's -70.21%.

On 10-year performance, SOXX leads with 32.19% vs 6.56% for INDA. On fees, SOXX is cheaper at 0.34% per year. On volatility, INDA has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SOXX has performed better with a 32.19% return vs 6.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SOXX is cheaper with a 0.34% expense ratio, compared with 0.69% for INDA.

SOXX has the higher dividend yield at 0.29%, compared with 0.00% for INDA.

INDA is categorized as India Equities, while SOXX is Semiconductors. INDA tracks MSCI India Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.69% for INDA and 0.34% for SOXX.

SOXX currently has the higher Sharpe Ratio (2.53 vs -0.36), 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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