INQQ vs. IMVP
INQQ (India Internet & Ecommerce ETF) and IMVP (Invesco India ETF) are both exchange-traded funds - INQQ is a India 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 2.54%/yr vs 1.10%/yr for IMVP. A 0.73 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 -11.48% return, which is significantly higher than IMVP's -15.94% return.
INQQ
- 1D
- -1.14%
- 1M
- 3.66%
- 6M
- -9.20%
- YTD
- -11.48%
- 1Y
- -19.24%
- 3Y*
- 2.54%
- 5Y*
- —
- 10Y*
- —
IMVP
- 1D
- -0.97%
- 1M
- -1.94%
- 6M
- -14.86%
- YTD
- -15.94%
- 1Y
- -18.06%
- 3Y*
- 1.10%
- 5Y*
- 2.82%
- 10Y*
- 7.86%
INQQ vs. IMVP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
INQQ India Internet & Ecommerce ETF | -11.48% | -7.05% | 19.12% | 31.45% | -34.72% |
IMVP Invesco India ETF | -15.94% | 1.30% | 9.07% | 22.82% | -9.52% |
Correlation
The correlation between INQQ and IMVP is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.73 |
The correlation between INQQ and IMVP has been stable across timeframes, ranging from 0.73 to 0.75 - 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 | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.82 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | -0.90 | +0.26 |
| Martin ratioReturn relative to average drawdown | -1.22 | -1.82 | +0.61 |
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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 | -30.20% | -20.21% | -9.99% |
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 | -22.11% | -23.58% | +1.47% |
Average DrawdownAverage peak-to-trough decline | -17.23% | -16.74% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.84% | 10.14% | +5.70% |
Volatility
INQQ vs. IMVP - Volatility Comparison
India Internet & Ecommerce ETF (INQQ) has a higher volatility of 4.77% compared to Invesco India ETF (IMVP) at 3.61%. This indicates that INQQ's price experiences larger fluctuations and is considered to be riskier than IMVP based on this measure. 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 | 4.77% | 3.61% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 15.29% | 14.41% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 16.42% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.93% | 16.19% | +3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.93% | 19.49% | +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 2.52%, less than IMVP's 11.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | 11.99% | 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 | 2.52% | 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 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INQQ has higher volatility (4.77%) compared to IMVP (3.61%). In terms of maximum drawdown, INQQ dropped -40.53% vs IMVP's -64.54%.
On 3-year performance, INQQ leads with 2.54% vs 1.10% for IMVP. On fees, IMVP is cheaper at 0.78% per year. On volatility, IMVP has been the lower-risk option at 3.61%. 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 2.54% return vs 1.10%. 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 11.99%, compared with 2.52% for INQQ.
INQQ is categorized as India 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.
INQQ currently has the higher Sharpe Ratio (-1.08 vs -1.10), 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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