INDY vs. PLUG
INDY (iShares India 50 ETF) is Asia Pacific Equities fund tracking the S&P CNX Nifty Index, while PLUG (Plug Power Inc.) is a stock. Over the past 10 years, INDY returned 6.14%/yr vs 6.81%/yr for PLUG. At a 0.21 correlation, their price movements are largely independent.
Performance
INDY vs. PLUG - Performance Comparison
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Returns By Period
In the year-to-date period, INDY achieves a -15.38% return, which is significantly lower than PLUG's 87.31% return. Over the past 10 years, INDY has underperformed PLUG with an annualized return of 6.14%, while PLUG has yielded a comparatively higher 6.81% annualized 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%
PLUG
- 1D
- -9.78%
- 1M
- 17.89%
- YTD
- 87.31%
- 6M
- 65.47%
- 1Y
- 305.14%
- 3Y*
- -25.07%
- 5Y*
- -34.49%
- 10Y*
- 6.81%
INDY vs. PLUG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDY iShares India 50 ETF | -15.38% | 4.97% | 3.47% | 16.88% | -7.31% | 19.43% | 10.01% | 9.99% | -4.32% | 36.15% |
PLUG Plug Power Inc. | 87.31% | -7.51% | -52.67% | -63.62% | -56.18% | -16.75% | 973.10% | 154.84% | -47.46% | 96.67% |
Correlation
The correlation between INDY and PLUG is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | 0.21 |
The correlation between INDY and PLUG shifts across timeframes, from 0.14 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
INDY vs. PLUG — Risk / Return Rank
INDY
PLUG
INDY vs. PLUG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares India 50 ETF (INDY) and Plug Power Inc. (PLUG). 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.
| INDY | PLUG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.81 | ||
| Sortino ratioReturn per unit of downside risk | -5.04 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.39 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 5.43 | -6.20 |
| Martin ratioReturn relative to average drawdown | -1.78 | 9.25 | -11.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| INDY | PLUG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.04 | 2.77 | -3.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | -0.37 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.08 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | -0.14 | +0.35 |
Drawdowns
INDY vs. PLUG - Drawdown Comparison
The maximum INDY drawdown since its inception was -44.74%, smaller than the maximum PLUG drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for INDY and PLUG.
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Drawdown Indicators
| INDY | PLUG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.74% | -99.99% | +55.25% |
Max Drawdown (1Y)Largest decline over 1 year | -18.95% | -56.66% | +37.71% |
Max Drawdown (3Y)Largest decline over 3 years | -22.40% | -94.69% | +72.29% |
Max Drawdown (5Y)Largest decline over 5 years | -22.40% | -98.43% | +76.03% |
Max Drawdown (10Y)Largest decline over 10 years | -43.50% | -99.04% | +55.54% |
Current DrawdownCurrent decline from peak | -21.00% | -99.75% | +78.75% |
Average DrawdownAverage peak-to-trough decline | -12.22% | -96.23% | +84.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.25% | 33.16% | -24.91% |
Volatility
INDY vs. PLUG - Volatility Comparison
The current volatility for iShares India 50 ETF (INDY) is 4.79%, while Plug Power Inc. (PLUG) has a volatility of 29.10%. This indicates that INDY experiences smaller price fluctuations and is considered to be less risky than PLUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDY | PLUG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 29.10% | -24.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 63.11% | -50.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.18% | 111.33% | -97.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.94% | 94.44% | -79.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 89.39% | -69.81% |
Dividends
INDY vs. PLUG - Dividend Comparison
INDY's dividend yield for the trailing twelve months is around 9.58%, while PLUG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PLUG Plug Power 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% |
Frequently Asked Questions
INDY and PLUG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLUG has higher volatility (29.10%) compared to INDY (4.79%). In terms of maximum drawdown, INDY dropped -44.74% vs PLUG's -99.99%.
PLUG currently has the higher Sharpe Ratio (2.77 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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