INDI vs. INDY

Last updated Apr 1, 2026

Compare and contrast key facts about indie Semiconductor, Inc. (INDI) and iShares India 50 ETF (INDY).

INDY is a passively managed fund by iShares that tracks the performance of the S&P CNX Nifty Index. It was launched on Nov 18, 2009.

Performance

INDI vs. INDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in indie Semiconductor, Inc. (INDI) and iShares India 50 ETF (INDY). The values are adjusted to include any dividend payments, if applicable.

INDI vs. INDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
INDI indie Semiconductor, Inc.	-8.78%	-12.84%	-50.06%	39.11%	-51.38%	10.30%
INDY iShares India 50 ETF	-14.30%	4.97%	3.47%	16.88%	-7.31%	6.60%

Returns By Period

In the year-to-date period, INDI achieves a -8.78% return, which is significantly higher than INDY's -14.30% return.

INDI

• 1D: 5.57%
• 1M: -12.02%
• YTD: -8.78%
• 6M: -20.88%
• 1Y: 58.23%
• 3Y*: -32.67%
• 5Y*: —
• 10Y*: —

INDY

• 1D: 3.10%
• 1M: -10.49%
• YTD: -14.30%
• 6M: -10.15%
• 1Y: -9.92%
• 3Y*: 3.84%
• 5Y*: 2.45%
• 10Y*: 6.85%

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

Return for Risk

INDI vs. INDY — Risk / Return Rank

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

INDI

INDI Risk / Return Rank: 65
INDI Sharpe Ratio Rank: 67
INDI Sortino Ratio Rank: 70
INDI Omega Ratio Rank: 65
INDI Calmar Ratio Rank: 61
INDI Martin Ratio Rank: 61

INDY

INDY Risk / Return Rank: 2
INDY Sharpe Ratio Rank: 2
INDY Sortino Ratio Rank: 2
INDY Omega Ratio Rank: 2
INDY Calmar Ratio Rank: 4
INDY Martin Ratio Rank: 1

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.

INDI vs. INDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for indie Semiconductor, Inc. (INDI) and iShares India 50 ETF (INDY). 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.

	INDI	INDY	Difference
Sharpe ratio Return per unit of total volatility	0.69	-0.67	+1.36
Sortino ratio Return per unit of downside risk	1.59	-0.90	+2.49
Omega ratio Gain probability vs. loss probability	1.18	0.90	+0.28
Calmar ratio Return relative to maximum drawdown	0.89	-0.51	+1.40
Martin ratio Return relative to average drawdown	1.97	-1.73	+3.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INDI vs. INDY - Sharpe Ratio Comparison

The current INDI Sharpe Ratio is 0.69, which is higher than the INDY Sharpe Ratio of -0.67. The chart below compares the historical Sharpe Ratios of INDI and INDY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	INDI	INDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	-0.67	+1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.28	0.22	-0.50

Correlation

The correlation between INDI and INDY is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

INDI vs. INDY - Dividend Comparison

INDI has not paid dividends to shareholders, while INDY's dividend yield for the trailing twelve months is around 9.46%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INDI indie Semiconductor, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
INDY iShares India 50 ETF	9.46%	8.11%	0.24%	0.38%	3.75%	7.12%	0.08%	0.58%	0.55%	0.27%	0.48%	0.57%

Drawdowns

INDI vs. INDY - Drawdown Comparison

The maximum INDI drawdown since its inception was -89.91%, which is greater than INDY's maximum drawdown of -44.74%. Use the drawdown chart below to compare losses from any high point for INDI and INDY.

Drawdown Indicators

	INDI	INDY	Difference
Max Drawdown Largest peak-to-trough decline	-89.91%	-44.74%	-45.17%
Max Drawdown (1Y) Largest decline over 1 year	-59.33%	-18.95%	-40.38%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.50%	—
Current Drawdown Current decline from peak	-79.68%	-19.99%	-59.69%
Average Drawdown Average peak-to-trough decline	-56.11%	-12.16%	-43.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.70%	5.62%	+21.08%

Volatility

INDI vs. INDY - Volatility Comparison

indie Semiconductor, Inc. (INDI) has a higher volatility of 28.79% compared to iShares India 50 ETF (INDY) at 7.32%. This indicates that INDI's price experiences larger fluctuations and is considered to be riskier than INDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INDI	INDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.79%	7.32%	+21.47%
Volatility (6M) Calculated over the trailing 6-month period	56.82%	10.91%	+45.91%
Volatility (1Y) Calculated over the trailing 1-year period	84.94%	14.85%	+70.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.95%	15.05%	+63.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.95%	19.62%	+59.33%