INQQ vs. VWO

Last updated Aug 2, 2026

INQQ (INQQ The India Internet ETF) and VWO (Vanguard FTSE Emerging Markets ETF) are both exchange-traded funds - INQQ is a India Equities fund tracking the INQQ The India Internet & Ecommerce Index - Benchmark TR Gross, while VWO is a Emerging Markets Equities fund tracking the FTSE Emerging Index. Both are passively managed. Over the past 3 years, INQQ returned 2.99%/yr vs 14.84%/yr for VWO. Their 0.48 correlation means their historical movements had little consistent relationship. INQQ charges 0.86%/yr vs 0.08%/yr for VWO.

Performance

INQQ vs. VWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in INQQ The India Internet ETF (INQQ) and Vanguard FTSE Emerging Markets ETF (VWO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INQQ achieves a -9.24% return, which is significantly lower than VWO's 9.41% return.

INQQ

• 1D: 0.71%
• 1M: 1.78%
• 6M: -1.28%
• YTD: -9.24%
• 1Y: -13.28%
• 3Y*: 2.99%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -3.37%

VWO

• 1D: 0.96%
• 1M: -0.49%
• 6M: 4.16%
• YTD: 9.41%
• 1Y: 21.69%
• 3Y*: 14.84%
• 5Y*: 6.08%
• 10Y*: 7.86%
• ALL TIME*: 6.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
INQQ INQQ The India Internet ETF	$156.31K	$248.20K	$372.41K
VWO Vanguard FTSE Emerging Markets ETF	$386.61M	$469.40M	$499.89M

INQQ vs. VWO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
INQQ INQQ The India Internet ETF	-9.24%	-7.05%	19.12%	31.45%	-34.72%
VWO Vanguard FTSE Emerging Markets ETF	9.41%	25.60%	10.59%	9.25%	-13.92%

Correlation

The correlation between INQQ and VWO is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (3Y) Balances recent behavior with more history.	0.45
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022	0.48

INQQ vs. VWO - Sectors Allocation Comparison

Sectors	INQQ	VWO
Consumer Cyclical	35.9%	9.1%
Financial Services	30.2%	19.4%
Technology	10.5%	34.2%
Communication Services	9.6%	6.6%
Energy	7.5%	3.8%
Healthcare	4.7%	3.7%
Consumer Defensive	1.6%	3.3%
Basic Materials	-	7.2%
Industrials	-	7.9%
Real Estate	-	2.0%
Utilities	-	2.8%

Return for Risk

INQQ vs. VWO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

INQQ

INQQ Risk / Return Rank: 4
INQQ Sharpe Ratio Rank: 3
INQQ Sortino Ratio Rank: 3
INQQ Omega Ratio Rank: 3
INQQ Calmar Ratio Rank: 6
INQQ Martin Ratio Rank: 6

VWO

VWO Risk / Return Rank: 51
VWO Sharpe Ratio Rank: 49
VWO Sortino Ratio Rank: 48
VWO Omega Ratio Rank: 49
VWO Calmar Ratio Rank: 54
VWO Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

INQQ vs. VWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for INQQ The India Internet ETF (INQQ) and Vanguard FTSE Emerging Markets ETF (VWO). 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	VWO	Difference
Sharpe ratio: Return per unit of total volatility	-0.73	1.20	-1.94
Sortino ratio: Return per unit of downside risk	-0.98	1.72	-2.70
Omega ratio: Gain probability vs. loss probability	0.89	1.22	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.44	1.89	-2.34
Martin ratio: Return relative to average drawdown	-0.82	6.16	-6.98

INQQ vs. VWO - Sharpe Ratio Comparison

The current INQQ Sharpe Ratio is -0.73, which is lower than the VWO Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of INQQ and VWO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

INQQ vs. VWO - Drawdown Comparison

The maximum INQQ drawdown since its inception was -40.53%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for INQQ and VWO.

Drawdown Indicators

	INQQ	VWO	Difference
Max Drawdown Largest peak-to-trough decline	-40.53%	-67.68%	+27.15%
Max Drawdown (1Y) Largest decline over 1 year	-30.07%	-11.17%	-18.90%
Max Drawdown (3Y) Largest decline over 3 years	-32.45%	-17.37%	-15.08%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.88%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.39%	—
Current Drawdown Current decline from peak	-20.13%	-4.07%	-16.06%
Average Drawdown Average peak-to-trough decline	-17.28%	-15.73%	-1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.21%	3.43%	+12.78%

Volatility

INQQ vs. VWO - Volatility Comparison

INQQ The India Internet ETF (INQQ) and Vanguard FTSE Emerging Markets ETF (VWO) have volatilities of 5.80% and 5.58%, 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.

Volatility by Period

	INQQ	VWO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.80%	5.58%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	15.41%	15.22%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	18.23%	17.58%	+0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.94%	17.56%	+2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.94%	19.17%	+0.77%

INQQ vs. VWO - Expense Ratio Comparison

INQQ has a 0.86% expense ratio, which is higher than VWO's 0.08% expense ratio.

Dividends

INQQ vs. VWO - Dividend Comparison

INQQ's dividend yield for the trailing twelve months is around 2.46%, more than VWO's 2.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INQQ INQQ The India Internet ETF	2.46%	2.23%	1.18%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VWO Vanguard FTSE Emerging Markets ETF	2.35%	2.79%	3.20%	3.52%	4.11%	2.63%	1.91%	3.23%	2.88%	2.30%	2.52%	3.26%

Frequently Asked Questions

Can I hold both INQQ and VWO in my portfolio?

INQQ and VWO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INQQ or VWO?

INQQ has higher volatility (5.80%) compared to VWO (5.58%). In terms of maximum drawdown, INQQ dropped -40.53% vs VWO's -67.68%.

Which ETF is better, INQQ or VWO?

On 3-year performance, VWO leads with 14.84% vs 2.99% for INQQ. On fees, VWO is cheaper at 0.08% per year. On volatility, VWO has been the lower-risk option at 5.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INQQ or VWO?

Over the 3-year period, VWO has performed better with a 14.84% return vs 2.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INQQ or VWO?

VWO is cheaper with a 0.08% expense ratio, compared with 0.86% for INQQ.

Which ETF pays a higher dividend yield, INQQ or VWO?

INQQ has the higher dividend yield at 2.46%, compared with 2.35% for VWO.

What is the main difference between INQQ and VWO?

INQQ is categorized as India Equities, while VWO is Emerging Markets Equities. INQQ tracks INQQ The India Internet & Ecommerce Index - Benchmark TR Gross, while VWO tracks FTSE Emerging Index. They also come from different issuers: EMQQ Global and Vanguard. Their fees differ too: 0.86% for INQQ and 0.08% for VWO.

Which has better risk-adjusted returns?

VWO currently has the higher Sharpe Ratio (1.20 vs -0.73), 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.