NDIA vs. IBIC
NDIA (Global X Funds - Global X India Active ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - NDIA is a Asia Pacific Equities fund actively managed by Global X, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. NDIA is actively managed, while IBIC is passively managed. Over the past year, NDIA returned -7.48% vs 4.38% for IBIC. At a correlation of -0.05, they often move in opposite directions. NDIA charges 0.76%/yr vs 0.10%/yr for IBIC.
Performance
NDIA vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, NDIA achieves a -8.20% return, which is significantly lower than IBIC's 2.39% return.
NDIA
- 1D
- 0.93%
- 1M
- 2.79%
- YTD
- -8.20%
- 6M
- -8.30%
- 1Y
- -7.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.06%
- 1M
- 0.08%
- YTD
- 2.39%
- 6M
- 2.49%
- 1Y
- 4.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NDIA vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NDIA Global X Funds - Global X India Active ETF | -8.20% | 5.04% | 5.75% | 7.14% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.39% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between NDIA and IBIC is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.05 |
Over the past year, the inverse relationship between NDIA and IBIC has strengthened: their correlation has moved from -0.05 to -0.26, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
NDIA vs. IBIC — Risk / Return Rank
NDIA
IBIC
NDIA vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Funds - Global X India Active ETF (NDIA) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
| NDIA | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.42 | ||
| Sortino ratioReturn per unit of downside risk | -9.49 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 2.21 | -1.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 16.41 | -16.83 |
| Martin ratioReturn relative to average drawdown | -0.97 | 58.11 | -59.08 |
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Drawdowns
NDIA vs. IBIC - Drawdown Comparison
The maximum NDIA drawdown since its inception was -22.05%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for NDIA and IBIC.
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Drawdown Indicators
| NDIA | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -0.90% | -21.15% |
Max Drawdown (1Y)Largest decline over 1 year | -18.03% | -0.27% | -17.76% |
Current DrawdownCurrent decline from peak | -14.88% | -0.11% | -14.77% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -0.10% | -7.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.76% | 0.08% | +7.68% |
Volatility
NDIA vs. IBIC - Volatility Comparison
Global X Funds - Global X India Active ETF (NDIA) has a higher volatility of 3.93% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.16%. This indicates that NDIA's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDIA | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 0.16% | +3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 13.78% | 0.67% | +13.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.85% | 0.89% | +14.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 1.57% | +14.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.60% | 1.57% | +14.03% |
NDIA vs. IBIC - Expense Ratio Comparison
NDIA has a 0.76% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
NDIA vs. IBIC - Dividend Comparison
NDIA's dividend yield for the trailing twelve months is around 1.20%, less than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% |
NDIA Global X Funds - Global X India Active ETF | 1.20% | 1.10% | 3.66% | 0.28% |
Frequently Asked Questions
NDIA and IBIC have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NDIA has higher volatility (3.93%) compared to IBIC (0.16%). In terms of maximum drawdown, NDIA dropped -22.05% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.38% vs -7.48% for NDIA. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.38% return vs -7.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.76% for NDIA.
IBIC has the higher dividend yield at 3.59%, compared with 1.20% for NDIA.
NDIA is categorized as Asia Pacific Equities, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Global X and iShares. Their fees differ too: 0.76% for NDIA and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.94 vs -0.47), 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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