INDY vs. VCR
INDY (iShares India 50 ETF) and VCR (Vanguard Consumer Discretionary ETF) are both exchange-traded funds - INDY is a Emerging Markets Equities fund tracking the Nifty 50 Index, while VCR is a Consumer Discretionary Equities fund tracking the MSCI US Investable Market Consumer Discretionary 25/50 Index. Both are passively managed. Over the past 10 years, INDY returned 6.65%/yr vs 13.76%/yr for VCR. A 0.50 correlation means they provide meaningful diversification when combined. INDY charges 0.65%/yr vs 0.10%/yr for VCR.
Performance
INDY vs. VCR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, INDY achieves a -13.37% return, which is significantly lower than VCR's -0.09% return. Over the past 10 years, INDY has underperformed VCR with an annualized return of 6.65%, while VCR has yielded a comparatively higher 13.76% 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%
VCR
- 1D
- 0.20%
- 1M
- 0.16%
- YTD
- -0.09%
- 6M
- -1.17%
- 1Y
- 12.37%
- 3Y*
- 13.30%
- 5Y*
- 6.00%
- 10Y*
- 13.76%
INDY vs. VCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VCR Vanguard Consumer Discretionary ETF | -0.09% | 5.77% | 24.27% | 40.38% | -35.15% | 24.86% | 48.36% | 27.45% | -2.31% | 22.82% |
Correlation
The correlation between INDY and VCR is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2009 | 0.50 |
The correlation between INDY and VCR has been stable across timeframes, ranging from 0.42 to 0.50 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
INDY vs. VCR — Risk / Return Rank
INDY
VCR
INDY vs. VCR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares India 50 ETF (INDY) and Vanguard Consumer Discretionary ETF (VCR). 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 | VCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.11 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 0.72 | -1.45 |
| Martin ratioReturn relative to average drawdown | -1.59 | 2.21 | -3.80 |
Loading charts...
Drawdowns
INDY vs. VCR - Drawdown Comparison
The maximum INDY drawdown since its inception was -44.74%, smaller than the maximum VCR drawdown of -61.54%. Use the drawdown chart below to compare losses from any high point for INDY and VCR.
Loading charts...
Drawdown Indicators
| INDY | VCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.74% | -61.54% | +16.80% |
Max Drawdown (1Y)Largest decline over 1 year | -18.95% | -15.59% | -3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -22.40% | -27.36% | +4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -22.40% | -39.20% | +16.80% |
Max Drawdown (10Y)Largest decline over 10 years | -43.50% | -39.20% | -4.30% |
Current DrawdownCurrent decline from peak | -19.12% | -4.64% | -14.48% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -9.39% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.72% | 5.05% | +3.67% |
Volatility
INDY vs. VCR - Volatility Comparison
The current volatility for iShares India 50 ETF (INDY) is 3.98%, while Vanguard Consumer Discretionary ETF (VCR) has a volatility of 6.17%. This indicates that INDY experiences smaller price fluctuations and is considered to be less risky than VCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| INDY | VCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 6.17% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 12.35% | 13.48% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.31% | 18.62% | -4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.96% | 24.03% | -9.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 22.43% | -2.85% |
INDY vs. VCR - Expense Ratio Comparison
INDY has a 0.65% expense ratio, which is higher than VCR's 0.10% expense ratio.
Dividends
INDY vs. VCR - Dividend Comparison
INDY's dividend yield for the trailing twelve months is around 9.36%, more than VCR's 0.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VCR Vanguard Consumer Discretionary ETF | 0.73% | 0.74% | 0.74% | 0.84% | 0.98% | 0.79% | 1.71% | 1.17% | 1.37% | 1.21% | 1.60% | 1.32% |
Frequently Asked Questions
INDY and VCR have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VCR has higher volatility (6.17%) compared to INDY (3.98%). In terms of maximum drawdown, INDY dropped -44.74% vs VCR's -61.54%.
On 10-year performance, VCR leads with 13.76% vs 6.65% for INDY. On fees, VCR is cheaper at 0.10% 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, VCR has performed better with a 13.76% return vs 6.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCR is cheaper with a 0.10% expense ratio, compared with 0.65% for INDY.
INDY has the higher dividend yield at 9.36%, compared with 0.73% for VCR.
INDY is categorized as Emerging Markets Equities, while VCR is Consumer Discretionary Equities. INDY tracks Nifty 50 Index, while VCR tracks MSCI US Investable Market Consumer Discretionary 25/50 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.65% for INDY and 0.10% for VCR.
VCR currently has the higher Sharpe Ratio (0.60 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.
Find the right allocation for INDY and VCR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer