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LLY vs. INDA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LLY vs. INDA

Last updated Jun 13, 2026

LLY (Eli Lilly and Company) is a stock, while INDA (iShares MSCI India ETF) is Asia Pacific Equities fund tracking the MSCI India Index. Over the past 10 years, LLY returned 33.45%/yr vs 7.09%/yr for INDA. At a 0.24 correlation, their price movements are largely independent.

Performance

LLY vs. INDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eli Lilly and Company (LLY) and iShares MSCI India ETF (INDA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LLY achieves a 5.78% return, which is significantly higher than INDA's -10.58% return. Over the past 10 years, LLY has outperformed INDA with an annualized return of 33.45%, while INDA has yielded a comparatively lower 7.09% annualized return.

LLY

1D
-2.41%
1M
12.74%
YTD
5.78%
6M
10.64%
1Y
39.26%
3Y*
37.45%
5Y*
39.59%
10Y*
33.45%

INDA

1D
1.13%
1M
-0.06%
YTD
-10.58%
6M
-9.05%
1Y
-10.57%
3Y*
4.51%
5Y*
2.79%
10Y*
7.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LLY vs. INDA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LLY
Eli Lilly and Company		5.78%40.25%33.30%60.91%34.26%66.08%31.04%16.14%40.45%17.83%
INDA
iShares MSCI India ETF		-10.58%2.68%8.63%17.16%-8.94%21.36%14.83%6.49%-6.67%36.08%

Correlation

The correlation between LLY and INDA is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (3Y)
Calculated over the trailing 3-year period

0.19

Correlation (5Y)
Calculated over the trailing 5-year period

0.19

Correlation (10Y)
Calculated over the trailing 10-year period

0.20

Correlation (All Time)
Calculated using the full available price history since Feb 3, 2012

0.24

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Eli Lilly and Company

iShares MSCI India ETF

Often compared with LLY:
LLY vs. NVOLLY vs. UNHLLY vs. ABBVLLY vs. VOOLLY vs. XLVLLY vs. VRTXLLY vs. ISRG
Often compared with INDA:
INDA vs. FLININDA vs. INDYINDA vs. EPIINDA vs. SMININDA vs. VOOINDA vs. MCHIINDA vs. VNM

Return for Risk

LLY vs. INDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LLY
LLY Risk / Return Rank: 7373
Overall Rank
LLY Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
LLY Sortino Ratio Rank: 7070
Sortino Ratio Rank
LLY Omega Ratio Rank: 7171
Omega Ratio Rank
LLY Calmar Ratio Rank: 7474
Calmar Ratio Rank
LLY Martin Ratio Rank: 7575
Martin Ratio Rank
INDA
INDA Risk / Return Rank: 33
Overall Rank
INDA Sharpe Ratio Rank: 33
Sharpe Ratio Rank
INDA Sortino Ratio Rank: 33
Sortino Ratio Rank
INDA Omega Ratio Rank: 33
Omega Ratio Rank
INDA Calmar Ratio Rank: 44
Calmar Ratio Rank
INDA Martin Ratio Rank: 22
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LLY vs. INDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eli Lilly and Company (LLY) and iShares MSCI India ETF (INDA). 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.

LLYINDADifference
Sharpe ratioReturn per unit of total volatility
1.07
-0.80

+1.87

Sortino ratioReturn per unit of downside risk
1.62
-1.10

+2.72

Omega ratioGain probability vs. loss probability

1.22

0.88

+0.34

Calmar ratioReturn relative to maximum drawdown

1.72

-0.63

+2.36

Martin ratioReturn relative to average drawdown

4.28

-1.46

+5.74

LLY vs. INDA - Sharpe Ratio Comparison

The current LLY Sharpe Ratio is 1.07, which is higher than the INDA Sharpe Ratio of -0.80. The chart below compares the historical Sharpe Ratios of LLY and INDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

LLY vs. INDA - Drawdown Comparison

The maximum LLY drawdown since its inception was -68.24%, which is greater than INDA's maximum drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for LLY and INDA.

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Drawdown Indicators

LLYINDADifference

Max Drawdown

Largest peak-to-trough decline

-68.24%

-45.07%

-23.17%

Max Drawdown (1Y)

Largest decline over 1 year

-23.64%

-18.69%

-4.95%

Max Drawdown (3Y)

Largest decline over 3 years

-34.48%

-22.72%

-11.76%

Max Drawdown (5Y)

Largest decline over 5 years

-34.48%

-22.72%

-11.76%

Max Drawdown (10Y)

Largest decline over 10 years

-34.48%

-45.07%

+10.59%

Current Drawdown

Current decline from peak

-2.41%

-17.77%

+15.36%

Average Drawdown

Average peak-to-trough decline

-19.21%

-9.59%

-9.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.49%

8.09%

+1.40%

Volatility

LLY vs. INDA - Volatility Comparison

Eli Lilly and Company (LLY) has a higher volatility of 9.27% compared to iShares MSCI India ETF (INDA) at 4.16%. This indicates that LLY's price experiences larger fluctuations and is considered to be riskier than INDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LLYINDADifference

Volatility (1M)

Calculated over the trailing 1-month period

9.27%

4.16%

+5.11%

Volatility (6M)

Calculated over the trailing 6-month period

27.16%

12.77%

+14.39%

Volatility (1Y)

Calculated over the trailing 1-year period

38.01%

14.79%

+23.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.46%

15.40%

+17.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.19%

21.11%

+9.08%

Dividends

LLY vs. INDA - Dividend Comparison

LLY's dividend yield for the trailing twelve months is around 0.57%, while INDA has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
INDA
iShares MSCI India ETF		0.00%0.00%0.76%0.16%0.00%6.44%0.27%0.99%0.94%1.09%0.90%1.19%
LLY
Eli Lilly and Company		0.57%0.56%0.67%0.78%1.07%1.23%1.75%1.96%1.94%2.46%2.77%2.37%

Frequently Asked Questions

LLY and INDA have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

LLY has higher volatility (9.27%) compared to INDA (4.16%). In terms of maximum drawdown, LLY dropped -68.24% vs INDA's -45.07%.

LLY currently has the higher Sharpe Ratio (1.07 vs -0.80), 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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