NDIA vs. IMVP
NDIA (Global X Funds - Global X India Active ETF) and IMVP (Invesco India ETF) are both exchange-traded funds - NDIA is a India Equities fund actively managed by Global X, while IMVP is a Emerging Markets Equities fund tracking the FTSE India Quality and Yield Select Index. NDIA is actively managed, while IMVP is passively managed. Over the past year, NDIA returned -3.06% vs -10.95% for IMVP. Their correlation of 0.88 means they have usually moved in the same direction. NDIA charges 0.76%/yr vs 0.78%/yr for IMVP.
Performance
NDIA vs. IMVP - Performance Comparison
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Returns By Period
In the year-to-date period, NDIA achieves a -6.48% return, which is significantly higher than IMVP's -13.21% return.
NDIA
- 1D
- 0.52%
- 1M
- 2.08%
- 6M
- -5.26%
- YTD
- -6.48%
- 1Y
- -3.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.48%
IMVP
- 1D
- 0.44%
- 1M
- 1.73%
- 6M
- -11.69%
- YTD
- -13.21%
- 1Y
- -10.95%
- 3Y*
- 2.46%
- 5Y*
- 2.50%
- 10Y*
- 7.80%
- ALL TIME*
- 3.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.34M | $1.40M | $1.19M | |
| $48.95K | $84.79K | $398.34K |
NDIA vs. IMVP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NDIA Global X Funds - Global X India Active ETF | -6.48% | 5.04% | 5.75% | 12.76% |
IMVP Invesco India ETF | -13.21% | 1.30% | 9.07% | 13.44% |
Correlation
The correlation between NDIA and IMVP is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2023 | 0.88 |
The correlation between NDIA and IMVP has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
NDIA vs. IMVP — Risk / Return Rank
NDIA
IMVP
NDIA vs. IMVP - 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 Invesco India ETF (IMVP). 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 | IMVP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.90 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | -0.55 | +0.37 |
| Martin ratioReturn relative to average drawdown | -0.41 | -1.06 | +0.65 |
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Drawdowns
NDIA vs. IMVP - Drawdown Comparison
The maximum NDIA drawdown since its inception was -22.05%, smaller than the maximum IMVP drawdown of -64.54%. Use the drawdown chart below to compare losses from any high point for NDIA and IMVP.
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Drawdown Indicators
| NDIA | IMVP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -64.54% | +42.49% |
Max Drawdown (1Y)Largest decline over 1 year | -17.09% | -20.00% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.69% | — |
Current DrawdownCurrent decline from peak | -13.28% | -21.10% | +7.82% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -16.75% | +9.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.50% | 10.33% | -2.83% |
Volatility
NDIA vs. IMVP - Volatility Comparison
Global X Funds - Global X India Active ETF (NDIA) has a higher volatility of 4.61% compared to Invesco India ETF (IMVP) at 3.36%. This indicates that NDIA's price experiences larger fluctuations and is considered to be riskier than IMVP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDIA | IMVP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 3.36% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 13.84% | 14.06% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.30% | 16.51% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 16.17% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.60% | 19.50% | -3.90% |
NDIA vs. IMVP - Expense Ratio Comparison
NDIA has a 0.76% expense ratio, which is lower than IMVP's 0.78% expense ratio.
Dividends
NDIA vs. IMVP - Dividend Comparison
NDIA's dividend yield for the trailing twelve months is around 1.17%, less than IMVP's 11.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | 11.61% | 7.39% | 8.48% | 2.08% | 14.07% | 6.95% | 0.72% | 36.35% | 0.96% | 1.01% | 1.18% | 0.61% |
NDIA Global X Funds - Global X India Active ETF | 1.17% | 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 IMVP have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NDIA has higher volatility (4.61%) compared to IMVP (3.36%). In terms of maximum drawdown, NDIA dropped -22.05% vs IMVP's -64.54%.
On 1-year performance, NDIA leads with -3.06% vs -10.95% for IMVP. On fees, NDIA is cheaper at 0.76% per year. On volatility, IMVP has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NDIA has performed better with a -3.06% return vs -10.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NDIA is cheaper with a 0.76% expense ratio, compared with 0.78% for IMVP.
IMVP has the higher dividend yield at 11.61%, compared with 1.17% for NDIA.
NDIA is categorized as India Equities, while IMVP is Emerging Markets Equities. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.76% for NDIA and 0.78% for IMVP.
NDIA currently has the higher Sharpe Ratio (-0.19 vs -0.67), 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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