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INDY vs. MOAT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

INDY vs. MOAT

Last updated Jun 14, 2026

INDY (iShares India 50 ETF) and MOAT (VanEck Morningstar Wide Moat ETF) are both exchange-traded funds - INDY is a Emerging Markets Equities fund tracking the Nifty 50 Index, while MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index. Both are passively managed. Over the past 10 years, INDY returned 6.65%/yr vs 13.47%/yr for MOAT. A 0.50 correlation means they provide meaningful diversification when combined. INDY charges 0.65%/yr vs 0.47%/yr for MOAT.

Performance

INDY vs. MOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares India 50 ETF (INDY) and VanEck Morningstar Wide Moat ETF (MOAT). 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 -13.37% return, which is significantly lower than MOAT's -0.66% return. Over the past 10 years, INDY has underperformed MOAT with an annualized return of 6.65%, while MOAT has yielded a comparatively higher 13.47% annualized return.

INDY

1D
1.16%
1M
0.02%
YTD
-13.37%
6M
-11.62%
1Y
-12.55%
3Y*
1.97%
5Y*
1.75%
10Y*
6.65%

MOAT

1D
0.41%
1M
3.19%
YTD
-0.66%
6M
-1.22%
1Y
14.57%
3Y*
10.55%
5Y*
7.78%
10Y*
13.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

INDY vs. MOAT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
INDY
iShares India 50 ETF		-13.37%4.97%3.47%16.88%-7.31%19.43%10.01%9.99%-4.32%36.15%
MOAT
VanEck Morningstar Wide Moat ETF		-0.66%13.20%10.73%31.89%-13.66%24.12%14.84%34.79%-1.28%23.18%

Correlation

The correlation between INDY and MOAT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.36

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

0.40

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

0.49

Correlation (10Y)
Calculated over the trailing 10-year period

0.48

Correlation (All Time)
Calculated using the full available price history since Apr 25, 2012

0.50

The correlation between INDY and MOAT shifts across timeframes, from 0.36 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

INDY vs. MOAT - Sectors Allocation Comparison

Sectors
INDY
MOAT

Financial Services

35.2%
9.0%

Consumer Cyclical

11.0%
7.3%

Energy

11.0%

-

Technology

8.5%
33.8%

Industrials

8.0%
13.8%

Basic Materials

7.7%

-

Consumer Defensive

6.0%
17.0%

Communication Services

5.2%
2.4%

Healthcare

4.7%
15.9%

Utilities

2.9%

-

Real Estate

-

0.8%

Financial Services

INDY
35.2%
MOAT
9.0%

Consumer Cyclical

INDY
11.0%
MOAT
7.3%

Energy

INDY
11.0%
MOAT

-

Technology

INDY
8.5%
MOAT
33.8%

Industrials

INDY
8.0%
MOAT
13.8%

Basic Materials

INDY
7.7%
MOAT

-

Consumer Defensive

INDY
6.0%
MOAT
17.0%

Communication Services

INDY
5.2%
MOAT
2.4%

Healthcare

INDY
4.7%
MOAT
15.9%

Utilities

INDY
2.9%
MOAT

-

Real Estate

INDY

-

MOAT
0.8%

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

VanEck Morningstar Wide Moat ETF

Often compared with INDY:
INDY vs. INDAINDY vs. NFTYINDY vs. EPIINDY vs. FLININDY vs. VOOINDY vs. XNIF.LINDY vs. GLIN
Often compared with MOAT:
MOAT vs. SPYMOAT vs. VOOMOAT vs. BRK-AMOAT vs. SCHDMOAT vs. IVVMOAT vs. VTIMOAT vs. IOO

Return for Risk

INDY vs. MOAT — 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
MOAT
MOAT Risk / Return Rank: 2626
Overall Rank
MOAT Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
MOAT Sortino Ratio Rank: 2828
Sortino Ratio Rank
MOAT Omega Ratio Rank: 2626
Omega Ratio Rank
MOAT Calmar Ratio Rank: 2424
Calmar Ratio Rank
MOAT Martin Ratio Rank: 2626
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. MOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares India 50 ETF (INDY) and VanEck Morningstar Wide Moat ETF (MOAT). 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.

INDYMOATDifference
Sharpe ratioReturn per unit of total volatility
-0.97
0.91

-1.88

Sortino ratioReturn per unit of downside risk
-1.37
1.39

-2.76

Omega ratioGain probability vs. loss probability

0.85

1.16

-0.31

Calmar ratioReturn relative to maximum drawdown

-0.73

1.02

-1.75

Martin ratioReturn relative to average drawdown

-1.59

3.11

-4.70

INDY vs. MOAT - Sharpe Ratio Comparison

The current INDY Sharpe Ratio is -0.97, which is lower than the MOAT Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of INDY and MOAT, 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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Drawdowns

INDY vs. MOAT - Drawdown Comparison

The maximum INDY drawdown since its inception was -44.74%, which is greater than MOAT's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for INDY and MOAT.

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Drawdown Indicators

INDYMOATDifference

Max Drawdown

Largest peak-to-trough decline

-44.74%

-33.31%

-11.43%

Max Drawdown (1Y)

Largest decline over 1 year

-18.95%

-12.43%

-6.52%

Max Drawdown (3Y)

Largest decline over 3 years

-22.40%

-21.44%

-0.96%

Max Drawdown (5Y)

Largest decline over 5 years

-22.40%

-23.96%

+1.56%

Max Drawdown (10Y)

Largest decline over 10 years

-43.50%

-33.31%

-10.19%

Current Drawdown

Current decline from peak

-19.12%

-4.45%

-14.67%

Average Drawdown

Average peak-to-trough decline

-12.23%

-3.83%

-8.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.72%

4.06%

+4.66%

Volatility

INDY vs. MOAT - Volatility Comparison

iShares India 50 ETF (INDY) and VanEck Morningstar Wide Moat ETF (MOAT) have volatilities of 3.98% and 4.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

INDYMOATDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.98%

4.13%

-0.15%

Volatility (6M)

Calculated over the trailing 6-month period

12.35%

9.90%

+2.45%

Volatility (1Y)

Calculated over the trailing 1-year period

14.31%

13.93%

+0.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.96%

18.20%

-3.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.58%

18.68%

+0.90%

INDY vs. MOAT - Expense Ratio Comparison

INDY has a 0.65% expense ratio, which is higher than MOAT's 0.47% expense ratio.

Dividends

INDY vs. MOAT - Dividend Comparison

INDY's dividend yield for the trailing twelve months is around 9.36%, more than MOAT's 1.36% yield.

PositionTTM20252024202320222021202020192018201720162015
INDY
iShares India 50 ETF		9.36%8.11%0.24%0.38%3.75%7.12%0.08%0.58%0.55%0.27%0.48%0.57%
MOAT
VanEck Morningstar Wide Moat ETF		1.36%1.36%1.37%0.86%1.25%1.08%1.46%1.31%1.79%1.07%1.17%2.13%

Frequently Asked Questions

INDY and MOAT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MOAT has higher volatility (4.13%) compared to INDY (3.98%). In terms of maximum drawdown, INDY dropped -44.74% vs MOAT's -33.31%.

On 10-year performance, MOAT leads with 13.47% vs 6.65% for INDY. On fees, MOAT is cheaper at 0.47% per year. On volatility, INDY has been the lower-risk option at 3.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, MOAT has performed better with a 13.47% return vs 6.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

MOAT is cheaper with a 0.47% expense ratio, compared with 0.65% for INDY.

INDY has the higher dividend yield at 9.36%, compared with 1.36% for MOAT.

INDY is categorized as Emerging Markets Equities, while MOAT is Large Cap Blend Equities. INDY tracks Nifty 50 Index, while MOAT tracks Morningstar Wide Moat Focus Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.65% for INDY and 0.47% for MOAT.

MOAT currently has the higher Sharpe Ratio (0.91 vs -0.97), 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.

Portfolio Optimizer

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