PLUG vs. INDY
PLUG (Plug Power Inc.) is a stock, while INDY (iShares India 50 ETF) is Emerging Markets Equities fund tracking the Nifty 50 Index. Over the past 10 years, PLUG returned 5.02%/yr vs 7.10%/yr for INDY. At a 0.21 correlation, their price movements are largely independent.
Performance
PLUG vs. INDY - Performance Comparison
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Returns By Period
In the year-to-date period, PLUG achieves a 41.62% return, which is significantly higher than INDY's -11.03% return. Over the past 10 years, PLUG has underperformed INDY with an annualized return of 5.02%, while INDY has yielded a comparatively higher 7.10% annualized return.
PLUG
- 1D
- -2.11%
- 1M
- -26.19%
- YTD
- 41.62%
- 6M
- 32.23%
- 1Y
- 151.35%
- 3Y*
- -32.82%
- 5Y*
- -39.29%
- 10Y*
- 5.02%
INDY
- 1D
- 0.57%
- 1M
- 3.06%
- YTD
- -11.03%
- 6M
- -11.11%
- 1Y
- -10.26%
- 3Y*
- 2.93%
- 5Y*
- 2.63%
- 10Y*
- 7.10%
PLUG vs. INDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLUG Plug Power Inc. | 41.62% | -7.51% | -52.67% | -63.62% | -56.18% | -16.75% | 973.10% | 154.84% | -47.46% | 96.67% |
INDY iShares India 50 ETF | -11.03% | 4.97% | 3.47% | 16.88% | -7.31% | 19.43% | 10.01% | 9.99% | -4.32% | 36.15% |
Correlation
The correlation between PLUG and INDY 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 (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2009 | 0.21 |
The correlation between PLUG and INDY shifts across timeframes, from 0.12 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PLUG vs. INDY — Risk / Return Rank
PLUG
INDY
PLUG vs. INDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Plug Power Inc. (PLUG) and iShares India 50 ETF (INDY). 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.
| PLUG | INDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.15 | ||
| Sortino ratioReturn per unit of downside risk | +3.66 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.89 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | -0.54 | +3.23 |
| Martin ratioReturn relative to average drawdown | 4.52 | -1.15 | +5.67 |
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Drawdowns
PLUG vs. INDY - Drawdown Comparison
The maximum PLUG drawdown since its inception was -99.99%, which is greater than INDY's maximum drawdown of -44.74%. Use the drawdown chart below to compare losses from any high point for PLUG and INDY.
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Drawdown Indicators
| PLUG | INDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -44.74% | -55.25% |
Max Drawdown (1Y)Largest decline over 1 year | -56.66% | -18.95% | -37.71% |
Max Drawdown (3Y)Largest decline over 3 years | -94.69% | -22.40% | -72.29% |
Max Drawdown (5Y)Largest decline over 5 years | -98.43% | -22.40% | -76.03% |
Max Drawdown (10Y)Largest decline over 10 years | -99.04% | -43.50% | -55.54% |
Current DrawdownCurrent decline from peak | -99.81% | -16.94% | -82.87% |
Average DrawdownAverage peak-to-trough decline | -96.22% | -12.24% | -83.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.63% | 8.93% | +24.70% |
Volatility
PLUG vs. INDY - Volatility Comparison
Plug Power Inc. (PLUG) has a higher volatility of 26.41% compared to iShares India 50 ETF (INDY) at 3.70%. This indicates that PLUG's price experiences larger fluctuations and is considered to be riskier than INDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLUG | INDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.41% | 3.70% | +22.71% |
Volatility (6M)Calculated over the trailing 6-month period | 64.01% | 12.49% | +51.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.91% | 14.31% | +92.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.43% | 14.97% | +79.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.56% | 19.58% | +69.98% |
Dividends
PLUG vs. INDY - Dividend Comparison
PLUG has not paid dividends to shareholders, while INDY's dividend yield for the trailing twelve months is around 9.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDY iShares India 50 ETF | 9.36% | 8.11% | 0.24% | 0.38% | 3.75% | 7.12% | 0.08% | 0.58% | 0.55% | 0.27% | 0.48% | 0.57% |
PLUG Plug Power Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PLUG and INDY 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.
PLUG has higher volatility (26.41%) compared to INDY (3.70%). In terms of maximum drawdown, PLUG dropped -99.99% vs INDY's -44.74%.
PLUG currently has the higher Sharpe Ratio (1.43 vs -0.72), 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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