INQQ vs. INCO
Compare and contrast key facts about India Internet & Ecommerce ETF (INQQ) and Columbia India Consumer ETF (INCO).
INQQ and INCO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INQQ is a passively managed fund by India that tracks the performance of the INQQ The India Internet & Ecommerce Index - Benchmark TR Gross. It was launched on Apr 5, 2022. INCO is a passively managed fund by Ameriprise Financial that tracks the performance of the Indxx India Consumer Index. It was launched on Aug 10, 2011. Both INQQ and INCO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INQQ or INCO.
Key characteristics
| INQQ | INCO | |
|---|---|---|
| YTD Return | 16.97% | 15.43% |
| 1Y Return | 28.16% | 28.62% |
| Sharpe Ratio | 1.69 | 2.15 |
| Sortino Ratio | 2.24 | 3.08 |
| Omega Ratio | 1.31 | 1.37 |
| Calmar Ratio | 1.32 | 2.17 |
| Martin Ratio | 9.69 | 8.82 |
| Ulcer Index | 3.02% | 3.31% |
| Daily Std Dev | 17.39% | 13.60% |
| Max Drawdown | -40.82% | -47.69% |
| Current Drawdown | -5.95% | -13.29% |
Correlation
The correlation between INQQ and INCO is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
INQQ vs. INCO - Performance Comparison
In the year-to-date period, INQQ achieves a 16.97% return, which is significantly higher than INCO's 15.43% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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INQQ vs. INCO - Expense Ratio Comparison
INQQ has a 0.86% expense ratio, which is higher than INCO's 0.75% expense ratio.
Risk-Adjusted Performance
INQQ vs. INCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for India Internet & Ecommerce ETF (INQQ) and Columbia India Consumer ETF (INCO). 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.
Dividends
INQQ vs. INCO - Dividend Comparison
INQQ's dividend yield for the trailing twelve months is around 0.04%, less than INCO's 3.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
INQQ India Internet & Ecommerce ETF | 0.04% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INCO Columbia India Consumer ETF | 3.30% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% | 0.00% | 0.08% |
Drawdowns
INQQ vs. INCO - Drawdown Comparison
The maximum INQQ drawdown since its inception was -40.82%, smaller than the maximum INCO drawdown of -47.69%. Use the drawdown chart below to compare losses from any high point for INQQ and INCO. For additional features, visit the drawdowns tool.
Volatility
INQQ vs. INCO - Volatility Comparison
India Internet & Ecommerce ETF (INQQ) has a higher volatility of 4.63% compared to Columbia India Consumer ETF (INCO) at 3.00%. This indicates that INQQ's price experiences larger fluctuations and is considered to be riskier than INCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.