NDIA vs. ILKAY
NDIA (Global X Funds - Global X India Active ETF) is Asia Pacific Equities fund actively managed by Global X, while ILKAY (Iluka Resources Ltd ADR) is a stock. Over the past year, NDIA returned -9.32% vs 124.64% for ILKAY. At a 0.05 correlation, their price movements are largely independent.
Performance
NDIA vs. ILKAY - Performance Comparison
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Returns By Period
In the year-to-date period, NDIA achieves a -9.90% return, which is significantly lower than ILKAY's 41.54% return.
NDIA
- 1D
- -1.85%
- 1M
- 0.89%
- YTD
- -9.90%
- 6M
- -10.07%
- 1Y
- -9.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ILKAY
- 1D
- -7.49%
- 1M
- -4.76%
- YTD
- 41.54%
- 6M
- 37.21%
- 1Y
- 124.64%
- 3Y*
- -11.65%
- 5Y*
- -1.35%
- 10Y*
- 10.70%
NDIA vs. ILKAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NDIA Global X Funds - Global X India Active ETF | -9.90% | 5.04% | 5.75% | 12.76% |
ILKAY Iluka Resources Ltd ADR | 41.54% | 19.25% | -26.93% | -28.23% |
Correlation
The correlation between NDIA and ILKAY is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2023 | 0.05 |
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Return for Risk
NDIA vs. ILKAY — Risk / Return Rank
NDIA
ILKAY
NDIA vs. ILKAY - 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 Iluka Resources Ltd ADR (ILKAY). 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 | ILKAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.30 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.85 | -3.37 |
| Martin ratioReturn relative to average drawdown | -1.20 | 5.43 | -6.63 |
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Drawdowns
NDIA vs. ILKAY - Drawdown Comparison
The maximum NDIA drawdown since its inception was -22.05%, smaller than the maximum ILKAY drawdown of -79.51%. Use the drawdown chart below to compare losses from any high point for NDIA and ILKAY.
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Drawdown Indicators
| NDIA | ILKAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -79.51% | +57.46% |
Max Drawdown (1Y)Largest decline over 1 year | -18.03% | -43.96% | +25.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -76.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.94% | — |
Current DrawdownCurrent decline from peak | -16.45% | -35.85% | +19.40% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -47.22% | +39.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.79% | 23.03% | -15.24% |
Volatility
NDIA vs. ILKAY - Volatility Comparison
The current volatility for Global X Funds - Global X India Active ETF (NDIA) is 4.43%, while Iluka Resources Ltd ADR (ILKAY) has a volatility of 21.14%. This indicates that NDIA experiences smaller price fluctuations and is considered to be less risky than ILKAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDIA | ILKAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 21.14% | -16.71% |
Volatility (6M)Calculated over the trailing 6-month period | 13.89% | 48.27% | -34.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 77.47% | -61.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 55.24% | -39.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 51.53% | -35.90% |
Dividends
NDIA vs. ILKAY - Dividend Comparison
NDIA's dividend yield for the trailing twelve months is around 1.22%, more than ILKAY's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILKAY Iluka Resources Ltd ADR | 0.65% | 1.03% | 1.68% | 3.58% | 7.39% | 1.33% | 73.30% | 2.45% | 4.10% | 0.55% | 9.11% | 2.95% |
NDIA Global X Funds - Global X India Active ETF | 1.22% | 1.10% | 3.66% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NDIA and ILKAY have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ILKAY has higher volatility (21.14%) compared to NDIA (4.43%). In terms of maximum drawdown, NDIA dropped -22.05% vs ILKAY's -79.51%.
ILKAY currently has the higher Sharpe Ratio (1.62 vs -0.59), 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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