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INDY vs. FLAU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

INDY vs. FLAU

Last updated Jun 5, 2026

INDY (iShares India 50 ETF) and FLAU (Franklin FTSE Australia ETF) are both Asia Pacific Equities funds - INDY tracks the S&P CNX Nifty Index while FLAU tracks the FTSE Australia RIC Capped Index. Both are passively managed. Over the past 5 years, INDY returned 1.42%/yr vs 5.94%/yr for FLAU. At a 0.48 correlation, their price movements are largely independent. INDY charges 0.94%/yr vs 0.09%/yr for FLAU.

Performance

INDY vs. FLAU - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, INDY achieves a -14.24% return, which is significantly lower than FLAU's 10.26% return.

INDY

1D
1.34%
1M
-2.49%
YTD
-14.24%
6M
-13.60%
1Y
-13.42%
3Y*
1.99%
5Y*
1.42%
10Y*
6.28%

FLAU

1D
-0.20%
1M
-0.14%
YTD
10.26%
6M
11.87%
1Y
15.17%
3Y*
13.13%
5Y*
5.94%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

INDY vs. FLAU - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
INDY
iShares India 50 ETF		-14.24%4.97%3.47%16.88%-7.31%19.43%10.01%9.99%-4.32%1.44%
FLAU
Franklin FTSE Australia ETF		10.26%15.95%1.81%12.58%-5.58%9.90%11.00%23.38%-10.17%1.89%

Correlation

The correlation between INDY and FLAU is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.52

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2017

0.48

The correlation between INDY and FLAU shifts across timeframes, from 0.42 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.

INDY vs. FLAU - Sectors Allocation Comparison

Sectors
INDY
FLAU

Financial Services

35.3%
36.0%

Energy

11.4%
5.7%

Consumer Cyclical

10.7%
6.6%

Technology

8.6%
1.2%

Industrials

7.7%
6.4%

Basic Materials

7.3%
26.2%

Consumer Defensive

6.2%
3.7%

Communication Services

5.3%
1.7%

Healthcare

4.5%
4.9%

Utilities

3.0%
0.8%

Real Estate

-

6.4%

Financial Services

INDY
35.3%
FLAU
36.0%

Energy

INDY
11.4%
FLAU
5.7%

Consumer Cyclical

INDY
10.7%
FLAU
6.6%

Technology

INDY
8.6%
FLAU
1.2%

Industrials

INDY
7.7%
FLAU
6.4%

Basic Materials

INDY
7.3%
FLAU
26.2%

Consumer Defensive

INDY
6.2%
FLAU
3.7%

Communication Services

INDY
5.3%
FLAU
1.7%

Healthcare

INDY
4.5%
FLAU
4.9%

Utilities

INDY
3.0%
FLAU
0.8%

Real Estate

INDY

-

FLAU
6.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares India 50 ETF

Franklin FTSE Australia ETF

Often compared with INDY:
INDY vs. INDAINDY vs. NFTYINDY vs. EPIINDY vs. FLININDY vs. VOOINDY vs. XNIF.LINDY vs. GLIN
Often compared with FLAU:
FLAU vs. EWAFLAU vs. FLBRFLAU vs. FLGBFLAU vs. EPIFLAU vs. PEYFLAU vs. BCDFLAU vs. QQQ

Return for Risk

INDY vs. FLAU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
INDY
INDY Risk / Return Rank: 22
Overall Rank
INDY Sharpe Ratio Rank: 22
Sharpe Ratio Rank
INDY Sortino Ratio Rank: 22
Sortino Ratio Rank
INDY Omega Ratio Rank: 22
Omega Ratio Rank
INDY Calmar Ratio Rank: 33
Calmar Ratio Rank
INDY Martin Ratio Rank: 11
Martin Ratio Rank
FLAU
FLAU Risk / Return Rank: 2828
Overall Rank
FLAU Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
FLAU Sortino Ratio Rank: 2626
Sortino Ratio Rank
FLAU Omega Ratio Rank: 2525
Omega Ratio Rank
FLAU Calmar Ratio Rank: 3131
Calmar Ratio Rank
FLAU Martin Ratio Rank: 3232
Martin Ratio Rank
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.

INDY vs. FLAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares India 50 ETF (INDY) and Franklin FTSE Australia ETF (FLAU). 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.

INDYFLAUDifference
Sharpe ratioReturn per unit of total volatility
-0.95
0.92

-1.87

Sortino ratioReturn per unit of downside risk
-1.34
1.36

-2.69

Omega ratioGain probability vs. loss probability

0.85

1.17

-0.31

Calmar ratioReturn relative to maximum drawdown

-0.71

1.52

-2.23

Martin ratioReturn relative to average drawdown

-1.62

4.69

-6.31

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INDY vs. FLAU - Sharpe Ratio Comparison

The current INDY Sharpe Ratio is -0.95, which is lower than the FLAU Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of INDY and FLAU, 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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Sharpe Ratios by Period

INDYFLAUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.95

0.92

-1.87

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.10

0.30

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.32

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.22

0.33

-0.12

Drawdowns

INDY vs. FLAU - Drawdown Comparison

The maximum INDY drawdown since its inception was -44.74%, roughly equal to the maximum FLAU drawdown of -45.73%. Use the drawdown chart below to compare losses from any high point for INDY and FLAU.

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Drawdown Indicators

INDYFLAUDifference

Max Drawdown

Largest peak-to-trough decline

-44.74%

-45.73%

+0.99%

Max Drawdown (1Y)

Largest decline over 1 year

-18.95%

-10.01%

-8.94%

Max Drawdown (3Y)

Largest decline over 3 years

-22.40%

-22.03%

-0.37%

Max Drawdown (5Y)

Largest decline over 5 years

-22.40%

-24.68%

+2.28%

Max Drawdown (10Y)

Largest decline over 10 years

-43.50%

—

—

Current Drawdown

Current decline from peak

-19.94%

-3.30%

-16.64%

Average Drawdown

Average peak-to-trough decline

-12.22%

-6.79%

-5.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.32%

3.24%

+5.08%

Volatility

INDY vs. FLAU - Volatility Comparison

The current volatility for iShares India 50 ETF (INDY) is 4.97%, while Franklin FTSE Australia ETF (FLAU) has a volatility of 5.35%. This indicates that INDY experiences smaller price fluctuations and is considered to be less risky than FLAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

INDYFLAUDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.97%

5.35%

-0.38%

Volatility (6M)

Calculated over the trailing 6-month period

12.32%

13.65%

-1.33%

Volatility (1Y)

Calculated over the trailing 1-year period

14.21%

16.63%

-2.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.94%

19.60%

-4.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.58%

23.58%

-4.00%

INDY vs. FLAU - Expense Ratio Comparison

INDY has a 0.94% expense ratio, which is higher than FLAU's 0.09% expense ratio.

Dividends

INDY vs. FLAU - Dividend Comparison

INDY's dividend yield for the trailing twelve months is around 9.45%, more than FLAU's 2.95% yield.

PositionTTM20252024202320222021202020192018201720162015
FLAU
Franklin FTSE Australia ETF		2.95%3.25%3.37%3.62%5.91%5.14%2.18%4.37%4.34%0.18%0.00%0.00%
INDY
iShares India 50 ETF		9.45%8.11%0.24%0.38%3.75%7.12%0.08%0.58%0.55%0.27%0.48%0.57%

Frequently Asked Questions

INDY and FLAU have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FLAU has higher volatility (5.35%) compared to INDY (4.97%). In terms of maximum drawdown, INDY dropped -44.74% vs FLAU's -45.73%.

On 5-year performance, FLAU leads with 5.94% vs 1.42% for INDY. On fees, FLAU is cheaper at 0.09% per year. On volatility, INDY has been the lower-risk option at 4.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLAU has performed better with a 5.94% return vs 1.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLAU is cheaper with a 0.09% expense ratio, compared with 0.94% for INDY.

INDY has the higher dividend yield at 9.45%, compared with 2.95% for FLAU.

INDY tracks S&P CNX Nifty Index, while FLAU tracks FTSE Australia RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.94% for INDY and 0.09% for FLAU.

FLAU currently has the higher Sharpe Ratio (0.92 vs -0.95), 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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