INDY vs. INDI
INDY (iShares India 50 ETF) is Emerging Markets Equities fund tracking the Nifty 50 Index, while INDI (indie Semiconductor, Inc.) is a stock. Over the past 5 years, INDY returned 2.23%/yr vs -17.56%/yr for INDI. At a 0.29 correlation, their price movements are largely independent.
Performance
INDY vs. INDI - Performance Comparison
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Returns By Period
In the year-to-date period, INDY achieves a -12.36% return, which is significantly lower than INDI's 5.10% return.
INDY
- 1D
- -1.49%
- 1M
- 1.53%
- YTD
- -12.36%
- 6M
- -12.66%
- 1Y
- -12.06%
- 3Y*
- 2.42%
- 5Y*
- 2.23%
- 10Y*
- 6.94%
INDI
- 1D
- -8.40%
- 1M
- -22.87%
- YTD
- 5.10%
- 6M
- 0.27%
- 1Y
- 18.53%
- 3Y*
- -25.66%
- 5Y*
- -17.56%
- 10Y*
- —
INDY vs. INDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
INDY iShares India 50 ETF | -12.36% | 4.97% | 3.47% | 16.88% | -7.31% | 7.11% |
INDI indie Semiconductor, Inc. | 5.10% | -12.84% | -50.06% | 39.11% | -51.38% | 10.00% |
Correlation
The correlation between INDY and INDI is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2021 | 0.29 |
The correlation between INDY and INDI shifts across timeframes, from 0.16 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
INDY vs. INDI — Risk / Return Rank
INDY
INDI
INDY vs. INDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares India 50 ETF (INDY) and indie Semiconductor, Inc. (INDI). 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.
| INDY | INDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.11 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 0.31 | -0.95 |
| Martin ratioReturn relative to average drawdown | -1.35 | 0.59 | -1.94 |
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Drawdowns
INDY vs. INDI - Drawdown Comparison
The maximum INDY drawdown since its inception was -44.74%, smaller than the maximum INDI drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for INDY and INDI.
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Drawdown Indicators
| INDY | INDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.74% | -89.91% | +45.17% |
Max Drawdown (1Y)Largest decline over 1 year | -18.95% | -59.33% | +40.38% |
Max Drawdown (3Y)Largest decline over 3 years | -22.40% | -83.57% | +61.17% |
Max Drawdown (5Y)Largest decline over 5 years | -22.40% | -89.91% | +67.51% |
Max Drawdown (10Y)Largest decline over 10 years | -43.50% | — | — |
Current DrawdownCurrent decline from peak | -18.17% | -76.59% | +58.42% |
Average DrawdownAverage peak-to-trough decline | -12.24% | -56.91% | +44.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.98% | 31.23% | -22.25% |
Volatility
INDY vs. INDI - Volatility Comparison
The current volatility for iShares India 50 ETF (INDY) is 4.06%, while indie Semiconductor, Inc. (INDI) has a volatility of 32.83%. This indicates that INDY experiences smaller price fluctuations and is considered to be less risky than INDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDY | INDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 32.83% | -28.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.55% | 57.34% | -44.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.36% | 81.36% | -67.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 79.61% | -64.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.53% | 79.42% | -59.89% |
Dividends
INDY vs. INDI - Dividend Comparison
INDY's dividend yield for the trailing twelve months is around 9.50%, while INDI has not paid dividends to shareholders.
| Position | 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 | 9.50% | 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 INDI have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INDI has higher volatility (32.83%) compared to INDY (4.06%). In terms of maximum drawdown, INDY dropped -44.74% vs INDI's -89.91%.
INDI currently has the higher Sharpe Ratio (0.23 vs -0.84), 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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