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INDY vs. INDI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

INDY vs. INDI

Last updated Jun 4, 2026

INDY (iShares India 50 ETF) is Asia Pacific Equities fund tracking the S&P CNX Nifty Index, while INDI (indie Semiconductor, Inc.) is a stock. Over the past 3 years, INDY returned 1.39%/yr vs -20.36%/yr for INDI. At a 0.29 correlation, their price movements are largely independent.

Performance

INDY vs. INDI - Performance Comparison

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

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Returns By Period

In the year-to-date period, INDY achieves a -15.38% return, which is significantly lower than INDI's 38.24% return.

INDY

1D
-1.35%
1M
-3.23%
YTD
-15.38%
6M
-14.03%
1Y
-14.69%
3Y*
1.39%
5Y*
1.15%
10Y*
6.14%

INDI

1D
-4.31%
1M
11.93%
YTD
38.24%
6M
12.18%
1Y
82.77%
3Y*
-20.36%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

INDY vs. INDI - Yearly Performance Comparison

2026 (YTD)20252024202320222021
INDY
iShares India 50 ETF		-15.38%4.97%3.47%16.88%-7.31%6.60%
INDI
indie Semiconductor, Inc.		38.24%-12.84%-50.06%39.11%-51.38%10.30%

Correlation

The correlation between INDY and INDI is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.17

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

0.26

Correlation (All Time)
Calculated using the full available price history since Jun 11, 2021

0.29

The correlation between INDY and INDI shifts across timeframes, from 0.17 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.

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

indie Semiconductor, Inc.

Often compared with INDY:
INDY vs. INDAINDY vs. NFTYINDY vs. EPIINDY vs. FLININDY vs. VOOINDY vs. XNIF.LINDY vs. GLIN
Often compared with INDI:
INDI vs. APLDINDI vs. ICHRINDI vs. PLABINDI vs. IPGPINDI vs. PLUGINDI vs. ONINDI vs. AAPL

Return for Risk

INDY vs. INDI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
INDY
INDY Risk / Return Rank: 11
Overall Rank
INDY Sharpe Ratio Rank: 11
Sharpe Ratio Rank
INDY Sortino Ratio Rank: 11
Sortino Ratio Rank
INDY Omega Ratio Rank: 22
Omega Ratio Rank
INDY Calmar Ratio Rank: 22
Calmar Ratio Rank
INDY Martin Ratio Rank: 00
Martin Ratio Rank
INDI
INDI Risk / Return Rank: 6969
Overall Rank
INDI Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
INDI Sortino Ratio Rank: 7373
Sortino Ratio Rank
INDI Omega Ratio Rank: 6767
Omega Ratio Rank
INDI Calmar Ratio Rank: 6767
Calmar Ratio Rank
INDI Martin Ratio Rank: 6464
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. 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.

INDYINDIDifference
Sharpe ratioReturn per unit of total volatility
-1.04
1.04

-2.08

Sortino ratioReturn per unit of downside risk
-1.49
1.95

-3.43

Omega ratioGain probability vs. loss probability

0.83

1.21

-0.38

Calmar ratioReturn relative to maximum drawdown

-0.78

1.40

-2.18

Martin ratioReturn relative to average drawdown

-1.78

2.73

-4.51

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. INDI - Sharpe Ratio Comparison

The current INDY Sharpe Ratio is -1.04, which is lower than the INDI Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of INDY and INDI, 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

INDYINDIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.04

1.04

-2.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.08

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.31

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

-0.19

+0.40

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

INDYINDIDifference

Max Drawdown

Largest 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%

-85.09%

+62.69%

Max Drawdown (5Y)

Largest decline over 5 years

-22.40%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-43.50%

—

—

Current Drawdown

Current decline from peak

-21.00%

-69.21%

+48.21%

Average Drawdown

Average peak-to-trough decline

-12.22%

-56.77%

+44.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.25%

30.41%

-22.16%

Volatility

INDY vs. INDI - Volatility Comparison

The current volatility for iShares India 50 ETF (INDY) is 4.79%, while indie Semiconductor, Inc. (INDI) has a volatility of 25.72%. 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

INDYINDIDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.79%

25.72%

-20.93%

Volatility (6M)

Calculated over the trailing 6-month period

12.25%

54.38%

-42.13%

Volatility (1Y)

Calculated over the trailing 1-year period

14.18%

79.97%

-65.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.94%

79.04%

-64.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.58%

79.04%

-59.46%

Dividends

INDY vs. INDI - Dividend Comparison

INDY's dividend yield for the trailing twelve months is around 9.58%, while INDI has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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		9.58%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 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

INDI has higher volatility (25.72%) compared to INDY (4.79%). In terms of maximum drawdown, INDY dropped -44.74% vs INDI's -89.91%.

INDI currently has the higher Sharpe Ratio (1.04 vs -1.04), 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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