INDQ vs. EQLT

Last updated Jul 28, 2026

INDQ (Pacer ActiveAlpha India Quality ETF) and EQLT (iShares MSCI Emerging Markets Quality Factor ETF) are both Quality Factor funds. INDQ is actively managed, while EQLT is passively managed. Their 0.55 correlation means they have sometimes moved together and sometimes differently. INDQ charges 0.88%/yr vs 0.35%/yr for EQLT.

Performance

INDQ vs. EQLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer ActiveAlpha India Quality ETF (INDQ) and iShares MSCI Emerging Markets Quality Factor ETF (EQLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

INDQ

• 1D: 1.73%
• 1M: -1.84%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

EQLT

• 1D: 0.35%
• 1M: -2.57%
• 6M: 15.30%
• YTD: 22.64%
• 1Y: 41.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 29.20%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EQLT iShares MSCI Emerging Markets Quality Factor ETF	$79.07K	$76.50K	$124.22K
INDQ Pacer ActiveAlpha India Quality ETF	$12.77K	$11.88K	$46.17K

INDQ vs. EQLT - Yearly Performance Comparison

	2026 (YTD)
INDQ Pacer ActiveAlpha India Quality ETF	2.93%
EQLT iShares MSCI Emerging Markets Quality Factor ETF	17.71%

Correlation

The correlation between INDQ and EQLT is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	0.55

Return for Risk

INDQ vs. EQLT — Risk / Return Rank

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

INDQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EQLT

EQLT Risk / Return Rank: 79
EQLT Sharpe Ratio Rank: 78
EQLT Sortino Ratio Rank: 73
EQLT Omega Ratio Rank: 77
EQLT Calmar Ratio Rank: 86
EQLT Martin Ratio Rank: 82

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.

INDQ vs. EQLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer ActiveAlpha India Quality ETF (INDQ) and iShares MSCI Emerging Markets Quality Factor ETF (EQLT). 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.

	INDQ	EQLT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.78	—
Sortino ratio: Return per unit of downside risk	—	2.36	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	3.44	—
Martin ratio: Return relative to average drawdown	—	10.90	—

Drawdowns

INDQ vs. EQLT - Drawdown Comparison

The maximum INDQ drawdown since its inception was -9.46%, smaller than the maximum EQLT drawdown of -17.38%. Use the drawdown chart below to compare losses from any high point for INDQ and EQLT.

Drawdown Indicators

	INDQ	EQLT	Difference
Max Drawdown Largest peak-to-trough decline	-9.46%	-17.38%	+7.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.00%	—
Current Drawdown Current decline from peak	-6.30%	-8.53%	+2.23%
Average Drawdown Average peak-to-trough decline	-3.93%	-3.76%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.77%	—

Volatility

Volatility by Period

	INDQ	EQLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.97%	23.22%	-4.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.97%	21.20%	-2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	21.20%	-2.23%

INDQ vs. EQLT - Expense Ratio Comparison

INDQ has a 0.88% expense ratio, which is higher than EQLT's 0.35% expense ratio.

Dividends

INDQ vs. EQLT - Dividend Comparison

INDQ has not paid dividends to shareholders, while EQLT's dividend yield for the trailing twelve months is around 2.86%.

Position	TTM	2025	2024
EQLT iShares MSCI Emerging Markets Quality Factor ETF	2.86%	3.10%	0.51%
INDQ Pacer ActiveAlpha India Quality ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INDQ and EQLT in my portfolio?

INDQ and EQLT have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INDQ or EQLT?

On fees, EQLT is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INDQ or EQLT?

EQLT is cheaper with a 0.35% expense ratio, compared with 0.88% for INDQ.

Which ETF pays a higher dividend yield, INDQ or EQLT?

EQLT has the higher dividend yield at 2.86%, compared with 0.00% for INDQ.

What is the main difference between INDQ and EQLT?

They also come from different issuers: Pacer and iShares. Their fees differ too: 0.88% for INDQ and 0.35% for EQLT.