INDQ vs. INCO

Last updated Jul 8, 2026

INDQ (Pacer ActiveAlpha India Quality ETF) and INCO (Columbia India Consumer ETF) are both India Equities funds. INDQ is actively managed, while INCO is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. INDQ charges 0.88%/yr vs 0.75%/yr for INCO.

Performance

INDQ vs. INCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer ActiveAlpha India Quality ETF (INDQ) and Columbia India Consumer ETF (INCO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

INDQ

• 1D: -0.53%
• 1M: -0.66%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

INCO

• 1D: -1.20%
• 1M: 4.85%
• 6M: -7.83%
• YTD: -7.56%
• 1Y: -6.87%
• 3Y*: 6.90%
• 5Y*: 7.09%
• 10Y*: 8.41%

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

INDQ vs. INCO - Yearly Performance Comparison

	2026 (YTD)
INDQ Pacer ActiveAlpha India Quality ETF	3.17%
INCO Columbia India Consumer ETF	8.99%

Correlation

The correlation between INDQ and INCO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	0.81

Return for Risk

INDQ vs. INCO — 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.

INCO

INCO Risk / Return Rank: 6
INCO Sharpe Ratio Rank: 6
INCO Sortino Ratio Rank: 5
INCO Omega Ratio Rank: 5
INCO Calmar Ratio Rank: 6
INCO Martin Ratio Rank: 6

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. INCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer ActiveAlpha India Quality ETF (INDQ) and Columbia India Consumer ETF (INCO). 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	INCO	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.40	—
Sortino ratio: Return per unit of downside risk	—	-0.48	—
Omega ratio: Gain probability vs. loss probability	—	0.95	—
Calmar ratio: Return relative to maximum drawdown	—	-0.32	—
Martin ratio: Return relative to average drawdown	—	-0.75	—

Drawdowns

INDQ vs. INCO - Drawdown Comparison

The maximum INDQ drawdown since its inception was -6.55%, smaller than the maximum INCO drawdown of -47.69%. Use the drawdown chart below to compare losses from any high point for INDQ and INCO.

Drawdown Indicators

	INDQ	INCO	Difference
Max Drawdown Largest peak-to-trough decline	-6.55%	-47.69%	+41.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.37%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-29.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.69%	—
Current Drawdown Current decline from peak	-6.09%	-21.27%	+15.18%
Average Drawdown Average peak-to-trough decline	-3.21%	-10.64%	+7.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.13%	—

Volatility

Volatility by Period

	INDQ	INCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.86%	17.10%	+2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.86%	16.98%	+2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.86%	20.29%	-0.43%

INDQ vs. INCO - Expense Ratio Comparison

INDQ has a 0.88% expense ratio, which is higher than INCO's 0.75% expense ratio.

Dividends

INDQ vs. INCO - Dividend Comparison

Neither INDQ nor INCO has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
INCO Columbia India Consumer ETF	0.00%	0.00%	2.88%	3.81%	10.57%	6.25%	0.34%	0.28%	0.12%	0.05%	0.09%
INDQ Pacer ActiveAlpha India Quality ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INDQ and INCO in my portfolio?

INDQ and INCO have a correlation of 0.81, 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 INCO?

On fees, INCO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INDQ or INCO?

INCO is cheaper with a 0.75% expense ratio, compared with 0.88% for INDQ.

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

INDQ and INCO have nearly identical dividend yields, around 0.00%.

What is the main difference between INDQ and INCO?

They also come from different issuers: Pacer and Ameriprise Financial. Their fees differ too: 0.88% for INDQ and 0.75% for INCO.