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NKE vs. INDA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NKE vs. INDA

Last updated Jun 13, 2026

NKE (NIKE, Inc.) is a stock, while INDA (iShares MSCI India ETF) is Asia Pacific Equities fund tracking the MSCI India Index. Over the past 10 years, NKE returned -0.48%/yr vs 7.09%/yr for INDA. At a 0.31 correlation, their price movements are largely independent.

Performance

NKE vs. INDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NIKE, Inc. (NKE) 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, NKE achieves a -28.37% return, which is significantly lower than INDA's -10.58% return. Over the past 10 years, NKE has underperformed INDA with an annualized return of -0.48%, while INDA has yielded a comparatively higher 7.09% annualized return.

NKE

1D
-2.24%
1M
7.88%
YTD
-28.37%
6M
-32.37%
1Y
-23.74%
3Y*
-23.49%
5Y*
-18.04%
10Y*
-0.48%

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)

NKE vs. INDA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
NKE
NIKE, Inc.		-28.37%-13.83%-29.11%-6.01%-29.04%18.70%40.97%38.09%19.87%24.70%
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 NKE and INDA is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.22

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

0.20

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

0.33

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

0.32

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

0.31

The correlation between NKE and INDA shifts across timeframes, from 0.20 (3 years) to 0.33 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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NIKE, Inc.

iShares MSCI India ETF

Often compared with NKE:
NKE vs. ADS.DENKE vs. UANKE vs. ADDYYNKE vs. SPYNKE vs. ONONNKE vs. DECKNKE vs. UAA
Often compared with INDA:
INDA vs. FLININDA vs. INDYINDA vs. EPIINDA vs. SMININDA vs. VOOINDA vs. MCHIINDA vs. VNM

Return for Risk

NKE vs. INDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NKE
NKE Risk / Return Rank: 1717
Overall Rank
NKE Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
NKE Sortino Ratio Rank: 1515
Sortino Ratio Rank
NKE Omega Ratio Rank: 1515
Omega Ratio Rank
NKE Calmar Ratio Rank: 2222
Calmar Ratio Rank
NKE Martin Ratio Rank: 2020
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.

NKE vs. INDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NIKE, Inc. (NKE) 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.

NKEINDADifference
Sharpe ratioReturn per unit of total volatility
-0.69
-0.80

+0.11

Sortino ratioReturn per unit of downside risk
-0.84
-1.10

+0.26

Omega ratioGain probability vs. loss probability

0.89

0.88

+0.01

Calmar ratioReturn relative to maximum drawdown

-0.58

-0.63

+0.06

Martin ratioReturn relative to average drawdown

-1.09

-1.46

+0.37

NKE vs. INDA - Sharpe Ratio Comparison

The current NKE Sharpe Ratio is -0.69, which is comparable to the INDA Sharpe Ratio of -0.80. The chart below compares the historical Sharpe Ratios of NKE 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

NKE vs. INDA - Drawdown Comparison

The maximum NKE drawdown since its inception was -75.19%, which is greater than INDA's maximum drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for NKE and INDA.

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Drawdown Indicators

NKEINDADifference

Max Drawdown

Largest peak-to-trough decline

-75.19%

-45.07%

-30.12%

Max Drawdown (1Y)

Largest decline over 1 year

-46.18%

-18.69%

-27.49%

Max Drawdown (3Y)

Largest decline over 3 years

-64.21%

-22.72%

-41.49%

Max Drawdown (5Y)

Largest decline over 5 years

-74.64%

-22.72%

-51.92%

Max Drawdown (10Y)

Largest decline over 10 years

-74.64%

-45.07%

-29.57%

Current Drawdown

Current decline from peak

-72.55%

-17.77%

-54.78%

Average Drawdown

Average peak-to-trough decline

-20.93%

-9.59%

-11.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

24.38%

8.09%

+16.29%

Volatility

NKE vs. INDA - Volatility Comparison

NIKE, Inc. (NKE) has a higher volatility of 10.43% compared to iShares MSCI India ETF (INDA) at 4.16%. This indicates that NKE'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

NKEINDADifference

Volatility (1M)

Calculated over the trailing 1-month period

10.43%

4.16%

+6.27%

Volatility (6M)

Calculated over the trailing 6-month period

29.43%

12.77%

+16.66%

Volatility (1Y)

Calculated over the trailing 1-year period

38.48%

14.79%

+23.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.91%

15.40%

+20.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.29%

21.11%

+11.18%

Dividends

NKE vs. INDA - Dividend Comparison

NKE's dividend yield for the trailing twelve months is around 3.63%, 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%
NKE
NIKE, Inc.		3.63%2.53%2.00%1.28%1.07%0.68%0.71%0.89%1.11%1.18%1.30%0.93%

Frequently Asked Questions

NKE and INDA have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NKE has higher volatility (10.43%) compared to INDA (4.16%). In terms of maximum drawdown, NKE dropped -75.19% vs INDA's -45.07%.

NKE currently has the higher Sharpe Ratio (-0.69 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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