INDY vs. INCO
Compare and contrast key facts about iShares India 50 ETF (INDY) and Columbia India Consumer ETF (INCO).
INDY and INCO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. INCO is a passively managed fund by Ameriprise Financial that tracks the performance of the Indxx India Consumer Index. It was launched on Aug 10, 2011. Both INDY and INCO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INDY or INCO.
Key characteristics
| INDY | INCO | |
|---|---|---|
| YTD Return | 3.25% | 9.97% |
| 1Y Return | 19.54% | 42.24% |
| 3Y Return (Ann) | 9.29% | 17.77% |
| 5Y Return (Ann) | 8.46% | 13.95% |
| 10Y Return (Ann) | 8.58% | 12.87% |
| Sharpe Ratio | 1.91 | 3.54 |
| Daily Std Dev | 10.58% | 12.25% |
| Max Drawdown | -44.74% | -47.69% |
| Current Drawdown | -0.97% | -0.48% |
Correlation
The correlation between INDY and INCO is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
INDY vs. INCO - Performance Comparison
In the year-to-date period, INDY achieves a 3.25% return, which is significantly lower than INCO's 9.97% return. Over the past 10 years, INDY has underperformed INCO with an annualized return of 8.58%, while INCO has yielded a comparatively higher 12.87% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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INDY vs. INCO - Expense Ratio Comparison
INDY has a 0.94% expense ratio, which is higher than INCO's 0.75% expense ratio.
Risk-Adjusted Performance
INDY vs. INCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares India 50 ETF (INDY) 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.
Dividends
INDY vs. INCO - Dividend Comparison
INDY's dividend yield for the trailing twelve months is around 0.37%, less than INCO's 3.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDY iShares India 50 ETF | 0.37% | 0.38% | 3.75% | 7.12% | 0.08% | 0.58% | 0.59% | 0.27% | 0.48% | 0.57% | 0.52% | 0.76% |
INCO Columbia India Consumer ETF | 3.47% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% | 0.00% | 0.08% | 0.00% |
Drawdowns
INDY vs. INCO - Drawdown Comparison
The maximum INDY drawdown since its inception was -44.74%, smaller than the maximum INCO drawdown of -47.69%. Use the drawdown chart below to compare losses from any high point for INDY and INCO. For additional features, visit the drawdowns tool.
Volatility
INDY vs. INCO - Volatility Comparison
The current volatility for iShares India 50 ETF (INDY) is 2.75%, while Columbia India Consumer ETF (INCO) has a volatility of 3.08%. This indicates that INDY experiences smaller price fluctuations and is considered to be less risky than INCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.