NDIA vs. INDA
Compare and contrast key facts about Global X Funds - Global X India Active ETF (NDIA) and iShares MSCI India ETF (INDA).
NDIA and INDA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NDIA is an actively managed fund by Global X. It was launched on Aug 17, 2023. INDA is a passively managed fund by iShares that tracks the performance of the MSCI India Index. It was launched on Feb 2, 2012.
Performance
NDIA vs. INDA - Performance Comparison
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NDIA vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NDIA Global X Funds - Global X India Active ETF | -13.32% | 5.04% | 5.75% | 12.71% |
INDA iShares MSCI India ETF | -13.58% | 2.68% | 8.63% | 12.65% |
Returns By Period
The year-to-date returns for both stocks are quite close, with NDIA having a -13.32% return and INDA slightly lower at -13.58%.
NDIA
- 1D
- -0.20%
- 1M
- -9.40%
- YTD
- -13.32%
- 6M
- -9.55%
- 1Y
- -5.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INDA
- 1D
- -0.28%
- 1M
- -8.32%
- YTD
- -13.58%
- 6M
- -10.84%
- 1Y
- -8.50%
- 3Y*
- 6.19%
- 5Y*
- 3.44%
- 10Y*
- 6.85%
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NDIA vs. INDA - Expense Ratio Comparison
NDIA has a 0.76% expense ratio, which is higher than INDA's 0.69% expense ratio.
Return for Risk
NDIA vs. INDA — Risk / Return Rank
NDIA
INDA
NDIA vs. INDA - 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 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.
| NDIA | INDA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.34 | -0.55 | +0.20 |
Sortino ratioReturn per unit of downside risk | -0.39 | -0.70 | +0.31 |
Omega ratioGain probability vs. loss probability | 0.95 | 0.92 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | -0.39 | -0.50 | +0.11 |
Martin ratioReturn relative to average drawdown | -1.33 | -1.63 | +0.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NDIA | INDA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.34 | -0.55 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.23 | -0.02 |
Correlation
The correlation between NDIA and INDA is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
NDIA vs. INDA - Dividend Comparison
NDIA's dividend yield for the trailing twelve months is around 1.27%, while INDA has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDIA Global X Funds - Global X India Active ETF | 1.27% | 1.10% | 3.66% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
NDIA vs. INDA - Drawdown Comparison
The maximum NDIA drawdown since its inception was -22.05%, smaller than the maximum INDA drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for NDIA and INDA.
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Drawdown Indicators
| NDIA | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -45.07% | +23.02% |
Max Drawdown (1Y)Largest decline over 1 year | -18.03% | -18.69% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.07% | — |
Current DrawdownCurrent decline from peak | -19.62% | -20.53% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -9.48% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.29% | 5.70% | -0.41% |
Volatility
NDIA vs. INDA - Volatility Comparison
Global X Funds - Global X India Active ETF (NDIA) and iShares MSCI India ETF (INDA) have volatilities of 7.09% and 6.79%, 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.
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Volatility by Period
| NDIA | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 6.79% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.52% | 10.88% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.07% | 15.58% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 15.38% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.15% | 21.12% | -5.97% |