REIT vs. IIND.L
REIT (ALPS Active REIT ETF) and IIND.L (iShares MSCI India UCITS ETF USD (Acc)) are both exchange-traded funds - REIT is a REIT fund actively managed by ALPS, while IIND.L is a Asia Pacific Equities fund tracking the MSCI India NR USD. REIT is actively managed, while IIND.L is passively managed. Over the past 5 years, REIT returned 4.64%/yr vs 3.62%/yr for IIND.L. At a 0.27 correlation, their price movements are largely independent. REIT charges 0.68%/yr vs 0.65%/yr for IIND.L.
Performance
REIT vs. IIND.L - Performance Comparison
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Different Trading Currencies
REIT is traded in USD, while IIND.L is traded in GBP. To make them comparable, the IIND.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, REIT achieves a 17.44% return, which is significantly higher than IIND.L's -12.50% return.
REIT
- 1D
- 0.97%
- 1M
- 4.83%
- YTD
- 17.44%
- 6M
- 17.70%
- 1Y
- 18.15%
- 3Y*
- 11.38%
- 5Y*
- 4.64%
- 10Y*
- —
IIND.L
- 1D
- 2.40%
- 1M
- 0.72%
- YTD
- -12.50%
- 6M
- -11.05%
- 1Y
- -12.09%
- 3Y*
- 5.13%
- 5Y*
- 3.62%
- 10Y*
- —
REIT vs. IIND.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
REIT ALPS Active REIT ETF | 17.44% | -0.55% | 7.11% | 13.74% | -21.23% | 33.02% |
IIND.L iShares MSCI India UCITS ETF USD (Acc) | -12.50% | 4.39% | 9.28% | 18.36% | -8.26% | 18.12% |
Correlation
The correlation between REIT and IIND.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2021 | 0.27 |
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Return for Risk
REIT vs. IIND.L — Risk / Return Rank
REIT
IIND.L
REIT vs. IIND.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Active REIT ETF (REIT) and iShares MSCI India UCITS ETF USD (Acc) (IIND.L). 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.
| REIT | IIND.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.11 | ||
| Sortino ratioReturn per unit of downside risk | +2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.88 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | -0.63 | +2.98 |
| Martin ratioReturn relative to average drawdown | 6.81 | -1.45 | +8.26 |
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Drawdowns
REIT vs. IIND.L - Drawdown Comparison
The maximum REIT drawdown since its inception was -29.30%, smaller than the maximum IIND.L drawdown of -52.15%. Use the drawdown chart below to compare losses from any high point for REIT and IIND.L.
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Drawdown Indicators
| REIT | IIND.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.30% | -52.15% | +22.85% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -20.67% | +13.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -24.89% | +6.70% |
Max Drawdown (5Y)Largest decline over 5 years | -29.30% | -24.89% | -4.41% |
Current DrawdownCurrent decline from peak | 0.00% | -19.95% | +19.95% |
Average DrawdownAverage peak-to-trough decline | -10.32% | -14.44% | +4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 9.06% | -6.53% |
Volatility
REIT vs. IIND.L - Volatility Comparison
The current volatility for ALPS Active REIT ETF (REIT) is 4.60%, while iShares MSCI India UCITS ETF USD (Acc) (IIND.L) has a volatility of 4.87%. This indicates that REIT experiences smaller price fluctuations and is considered to be less risky than IIND.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REIT | IIND.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 4.87% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 14.18% | -4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.07% | 16.63% | -3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 22.23% | -3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 25.88% | -7.51% |
REIT vs. IIND.L - Expense Ratio Comparison
REIT has a 0.68% expense ratio, which is higher than IIND.L's 0.65% expense ratio.
Dividends
REIT vs. IIND.L - Dividend Comparison
REIT's dividend yield for the trailing twelve months is around 2.69%, while IIND.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IIND.L iShares MSCI India UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REIT ALPS Active REIT ETF | 2.69% | 3.20% | 3.06% | 3.13% | 2.81% | 4.71% |
Frequently Asked Questions
REIT and IIND.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IIND.L is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IIND.L is cheaper with a 0.65% expense ratio, compared with 0.68% for REIT.
REIT is categorized as REIT, while IIND.L is Asia Pacific Equities. They also come from different issuers: ALPS and iShares. Their fees differ too: 0.68% for REIT and 0.65% for IIND.L.
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