INOD vs. MSCI
INOD (Innodata Inc.) and MSCI (MSCI Inc.) are both stocks. INOD operates in Information Technology Services (Technology), while MSCI operates in Financial Data & Stock Exchanges (Financial Services). Over the past 10 years, INOD returned 46.16%/yr vs 24.26%/yr for MSCI. At a 0.17 correlation, their price movements are largely independent.
Performance
INOD vs. MSCI - Performance Comparison
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Returns By Period
In the year-to-date period, INOD achieves a 101.75% return, which is significantly higher than MSCI's 5.89% return. Over the past 10 years, INOD has outperformed MSCI with an annualized return of 46.16%, while MSCI has yielded a comparatively lower 24.26% annualized return.
INOD
- 1D
- 0.80%
- 1M
- 21.09%
- YTD
- 101.75%
- 6M
- 78.55%
- 1Y
- 100.64%
- 3Y*
- 114.06%
- 5Y*
- 70.61%
- 10Y*
- 46.16%
MSCI
- 1D
- -2.03%
- 1M
- 3.36%
- YTD
- 5.89%
- 6M
- 13.15%
- 1Y
- 7.51%
- 3Y*
- 9.71%
- 5Y*
- 6.47%
- 10Y*
- 24.26%
INOD vs. MSCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INOD Innodata Inc. | 101.75% | 28.92% | 385.50% | 174.54% | -49.92% | 11.70% | 364.91% | -24.00% | 10.29% | -44.49% |
MSCI MSCI Inc. | 5.89% | -3.17% | 7.31% | 22.90% | -23.34% | 38.14% | 74.38% | 77.19% | 17.95% | 62.63% |
Correlation
The correlation between INOD and MSCI 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 | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2007 | 0.17 |
The correlation between INOD and MSCI shifts across timeframes, from 0.16 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
INOD:
$3.66B
MSCI:
$44.26B
INOD:
$1.11
MSCI:
$17.28
INOD:
92.61
MSCI:
34.89
INOD:
0.02
MSCI:
2.16
INOD:
12.84
MSCI:
14.21
INOD:
$283.42M
MSCI:
$3.24B
INOD:
$76.88M
MSCI:
$2.68B
INOD:
$37.35M
MSCI:
$1.99B
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Return for Risk
INOD vs. MSCI — Risk / Return Rank
INOD
MSCI
INOD vs. MSCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innodata Inc. (INOD) and MSCI Inc. (MSCI). 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.
| INOD | MSCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.08 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 0.42 | +1.19 |
| Martin ratioReturn relative to average drawdown | 2.90 | 1.10 | +1.81 |
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
| INOD | MSCI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.26 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.21 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.78 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.55 | -0.42 |
Drawdowns
INOD vs. MSCI - Drawdown Comparison
The maximum INOD drawdown since its inception was -95.47%, which is greater than MSCI's maximum drawdown of -69.06%. Use the drawdown chart below to compare losses from any high point for INOD and MSCI.
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Drawdown Indicators
| INOD | MSCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.47% | -69.06% | -26.41% |
Max Drawdown (1Y)Largest decline over 1 year | -63.03% | -18.07% | -44.96% |
Max Drawdown (3Y)Largest decline over 3 years | -63.03% | -25.99% | -37.04% |
Max Drawdown (5Y)Largest decline over 5 years | -74.44% | -43.74% | -30.70% |
Max Drawdown (10Y)Largest decline over 10 years | -74.44% | -43.74% | -30.70% |
Current DrawdownCurrent decline from peak | -15.40% | -6.35% | -9.05% |
Average DrawdownAverage peak-to-trough decline | -60.09% | -13.08% | -47.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.88% | 6.90% | +27.98% |
Volatility
INOD vs. MSCI - Volatility Comparison
Innodata Inc. (INOD) has a higher volatility of 72.66% compared to MSCI Inc. (MSCI) at 8.23%. This indicates that INOD's price experiences larger fluctuations and is considered to be riskier than MSCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INOD | MSCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 72.66% | 8.23% | +64.43% |
Volatility (6M)Calculated over the trailing 6-month period | 89.14% | 20.75% | +68.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 122.75% | 28.72% | +94.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.73% | 30.73% | +76.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.38% | 31.19% | +58.19% |
Dividends
INOD vs. MSCI - Dividend Comparison
INOD has not paid dividends to shareholders, while MSCI's dividend yield for the trailing twelve months is around 1.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INOD Innodata 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% |
MSCI MSCI Inc. | 1.28% | 1.25% | 1.07% | 0.98% | 0.98% | 0.59% | 0.65% | 0.98% | 1.30% | 1.04% | 1.27% | 1.11% |
Financials
INOD vs. MSCI - Financials Comparison
This section allows you to compare key financial metrics between Innodata Inc. and MSCI Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
INOD vs. MSCI - Profitability Comparison
INOD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported a gross profit of 0.00 and revenue of 90.10M. Therefore, the gross margin over that period was 0.0%.
MSCI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MSCI Inc. reported a gross profit of 709.00M and revenue of 850.80M. Therefore, the gross margin over that period was 83.3%.
INOD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported an operating income of 0.00 and revenue of 90.10M, resulting in an operating margin of 0.0%.
MSCI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MSCI Inc. reported an operating income of 456.90M and revenue of 850.80M, resulting in an operating margin of 53.7%.
INOD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported a net income of 14.90M and revenue of 90.10M, resulting in a net margin of 16.5%.
MSCI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MSCI Inc. reported a net income of 406.00M and revenue of 850.80M, resulting in a net margin of 47.7%.
Frequently Asked Questions
INOD and MSCI 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.
INOD has higher volatility (72.66%) compared to MSCI (8.23%). In terms of maximum drawdown, INOD dropped -95.47% vs MSCI's -69.06%.
INOD currently has the higher Sharpe Ratio (0.83 vs 0.26), 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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