INQQ vs. IMVP
INQQ (India Internet & Ecommerce ETF) and IMVP (Invesco India ETF) are both exchange-traded funds - INQQ is a Asia Pacific Equities fund tracking the INQQ The India Internet & Ecommerce Index - Benchmark TR Gross, while IMVP is a Emerging Markets Equities fund tracking the FTSE India Quality and Yield Select Index. Both are passively managed. Over the past 3 years, INQQ returned 3.35%/yr vs 3.06%/yr for IMVP. A 0.74 correlation means they provide meaningful diversification when combined. INQQ charges 0.86%/yr vs 0.78%/yr for IMVP.
Performance
INQQ vs. IMVP - Performance Comparison
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Returns By Period
In the year-to-date period, INQQ achieves a -13.11% return, which is significantly higher than IMVP's -14.86% return.
INQQ
- 1D
- -0.16%
- 1M
- 4.66%
- YTD
- -13.11%
- 6M
- -14.37%
- 1Y
- -19.84%
- 3Y*
- 3.35%
- 5Y*
- —
- 10Y*
- —
IMVP
- 1D
- -0.89%
- 1M
- -1.16%
- YTD
- -14.86%
- 6M
- -14.83%
- 1Y
- -16.70%
- 3Y*
- 3.06%
- 5Y*
- 2.97%
- 10Y*
- 8.79%
INQQ vs. IMVP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
INQQ India Internet & Ecommerce ETF | -13.11% | -7.05% | 19.12% | 31.45% | -34.72% |
IMVP Invesco India ETF | -14.86% | 1.30% | 9.07% | 22.82% | -9.52% |
Correlation
The correlation between INQQ and IMVP is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.74 |
The correlation between INQQ and IMVP has been stable across timeframes, ranging from 0.74 to 0.76 - a consistent structural relationship.
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Return for Risk
INQQ vs. IMVP — Risk / Return Rank
INQQ
IMVP
INQQ vs. IMVP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for India Internet & Ecommerce ETF (INQQ) and Invesco India ETF (IMVP). 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.
| INQQ | IMVP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.84 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | -0.78 | +0.13 |
| Martin ratioReturn relative to average drawdown | -1.29 | -1.64 | +0.35 |
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Drawdowns
INQQ vs. IMVP - Drawdown Comparison
The maximum INQQ drawdown since its inception was -40.53%, smaller than the maximum IMVP drawdown of -64.54%. Use the drawdown chart below to compare losses from any high point for INQQ and IMVP.
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Drawdown Indicators
| INQQ | IMVP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.53% | -64.54% | +24.01% |
Max Drawdown (1Y)Largest decline over 1 year | -30.41% | -21.44% | -8.97% |
Max Drawdown (3Y)Largest decline over 3 years | -32.45% | -25.80% | -6.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.69% | — |
Current DrawdownCurrent decline from peak | -23.54% | -22.60% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -17.17% | -16.72% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.35% | 10.17% | +5.18% |
Volatility
INQQ vs. IMVP - Volatility Comparison
India Internet & Ecommerce ETF (INQQ) and Invesco India ETF (IMVP) have volatilities of 5.62% and 5.51%, 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
| INQQ | IMVP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 5.51% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 14.48% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.81% | 16.44% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 16.19% | +3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.97% | 19.53% | +0.44% |
INQQ vs. IMVP - Expense Ratio Comparison
INQQ has a 0.86% expense ratio, which is higher than IMVP's 0.78% expense ratio.
Dividends
INQQ vs. IMVP - Dividend Comparison
INQQ's dividend yield for the trailing twelve months is around 2.57%, less than IMVP's 11.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | 11.84% | 7.39% | 8.48% | 2.08% | 14.07% | 6.95% | 0.72% | 36.35% | 0.96% | 1.01% | 1.18% | 0.61% |
INQQ India Internet & Ecommerce ETF | 2.57% | 2.23% | 1.18% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INQQ and IMVP have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INQQ has higher volatility (5.62%) compared to IMVP (5.51%). In terms of maximum drawdown, INQQ dropped -40.53% vs IMVP's -64.54%.
On 3-year performance, INQQ leads with 3.35% vs 3.06% for IMVP. On fees, IMVP is cheaper at 0.78% per year. On volatility, IMVP has been the lower-risk option at 5.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, INQQ has performed better with a 3.35% return vs 3.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IMVP is cheaper with a 0.78% expense ratio, compared with 0.86% for INQQ.
IMVP has the higher dividend yield at 11.84%, compared with 2.57% for INQQ.
INQQ is categorized as Asia Pacific Equities, while IMVP is Emerging Markets Equities. INQQ tracks INQQ The India Internet & Ecommerce Index - Benchmark TR Gross, while IMVP tracks FTSE India Quality and Yield Select Index. They also come from different issuers: India and Invesco. Their fees differ too: 0.86% for INQQ and 0.78% for IMVP.
IMVP currently has the higher Sharpe Ratio (-1.02 vs -1.12), 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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