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VFV.TO vs. INDA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VFV.TO vs. INDA

Last updated Jun 9, 2026

VFV.TO (Vanguard S&P 500 Index ETF) and INDA (iShares MSCI India ETF) are both exchange-traded funds - VFV.TO is a S&P 500 fund tracking the S&P 500 Index, while INDA is a Asia Pacific Equities fund tracking the MSCI India Index. Both are passively managed. Over the past 10 years, VFV.TO returned 16.02%/yr vs 7.70%/yr for INDA. At a 0.36 correlation, their price movements are largely independent. VFV.TO charges 0.09%/yr vs 0.69%/yr for INDA.

Performance

VFV.TO vs. INDA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard S&P 500 Index ETF (VFV.TO) and iShares MSCI India ETF (INDA). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VFV.TO is traded in CAD, while INDA is traded in USD. To make them comparable, the INDA values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VFV.TO achieves a 10.42% return, which is significantly higher than INDA's -11.06% return. Over the past 10 years, VFV.TO has outperformed INDA with an annualized return of 16.02%, while INDA has yielded a comparatively lower 7.70% annualized return.

VFV.TO

1D
0.33%
1M
2.27%
YTD
10.42%
6M
9.43%
1Y
26.89%
3Y*
22.95%
5Y*
16.42%
10Y*
16.02%

INDA

1D
0.00%
1M
-3.31%
YTD
-11.06%
6M
-10.35%
1Y
-12.28%
3Y*
5.63%
5Y*
5.29%
10Y*
7.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VFV.TO vs. INDA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VFV.TO
Vanguard S&P 500 Index ETF		10.42%12.18%35.23%23.23%-12.58%27.51%15.61%25.14%2.95%13.69%
INDA
iShares MSCI India ETF		-11.06%-2.01%17.83%14.37%-3.17%21.30%12.10%2.10%1.18%26.86%

Correlation

The correlation between VFV.TO and INDA is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.35

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

0.31

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

0.37

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

0.35

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2012

0.36

VFV.TO vs. INDA - Sectors Allocation Comparison

Sectors
VFV.TO
INDA

Technology

35.7%
8.3%

Financial Services

11.6%
28.4%

Communication Services

11.3%
4.7%

Consumer Cyclical

10.2%
12.5%

Healthcare

8.5%
6.2%

Industrials

8.3%
10.3%

Consumer Defensive

4.9%
6.2%

Energy

3.5%
9.5%

Utilities

2.4%
4.6%

Real Estate

1.9%
1.4%

Basic Materials

1.8%
8.0%

Technology

VFV.TO
35.7%
INDA
8.3%

Financial Services

VFV.TO
11.6%
INDA
28.4%

Communication Services

VFV.TO
11.3%
INDA
4.7%

Consumer Cyclical

VFV.TO
10.2%
INDA
12.5%

Healthcare

VFV.TO
8.5%
INDA
6.2%

Industrials

VFV.TO
8.3%
INDA
10.3%

Consumer Defensive

VFV.TO
4.9%
INDA
6.2%

Energy

VFV.TO
3.5%
INDA
9.5%

Utilities

VFV.TO
2.4%
INDA
4.6%

Real Estate

VFV.TO
1.9%
INDA
1.4%

Basic Materials

VFV.TO
1.8%
INDA
8.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard S&P 500 Index ETF

iShares MSCI India ETF

Often compared with VFV.TO:
VFV.TO vs. XEQT.TOVFV.TO vs. VEQT.TOVFV.TO vs. VOOVFV.TO vs. QQC.TOVFV.TO vs. VSP.TOVFV.TO vs. VCN.TOVFV.TO vs. XQQ.TO
Often compared with INDA:
INDA vs. FLININDA vs. INDYINDA vs. EPIINDA vs. SMININDA vs. VOOINDA vs. MCHIINDA vs. VNM

Return for Risk

VFV.TO vs. INDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VFV.TO
VFV.TO Risk / Return Rank: 7676
Overall Rank
VFV.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
VFV.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
VFV.TO Omega Ratio Rank: 8181
Omega Ratio Rank
VFV.TO Calmar Ratio Rank: 6969
Calmar Ratio Rank
VFV.TO Martin Ratio Rank: 7070
Martin Ratio Rank
INDA
INDA Risk / Return Rank: 22
Overall Rank
INDA Sharpe Ratio Rank: 22
Sharpe Ratio Rank
INDA Sortino Ratio Rank: 22
Sortino Ratio Rank
INDA Omega Ratio Rank: 22
Omega Ratio Rank
INDA Calmar Ratio Rank: 33
Calmar Ratio Rank
INDA Martin Ratio Rank: 00
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.

VFV.TO vs. INDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Index ETF (VFV.TO) 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.

VFV.TOINDADifference
Sharpe ratioReturn per unit of total volatility
2.33
-0.80

+3.13

Sortino ratioReturn per unit of downside risk
3.13
-1.10

+4.23

Omega ratioGain probability vs. loss probability

1.43

0.88

+0.56

Calmar ratioReturn relative to maximum drawdown

3.13

-0.66

+3.80

Martin ratioReturn relative to average drawdown

11.91

-1.49

+13.40

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFV.TO vs. INDA - Sharpe Ratio Comparison

The current VFV.TO Sharpe Ratio is 2.33, which is higher than the INDA Sharpe Ratio of -0.80. The chart below compares the historical Sharpe Ratios of VFV.TO 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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Sharpe Ratios by Period

VFV.TOINDADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.33

-0.80

+3.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.11

0.31

+0.79

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.97

0.34

+0.63

Sharpe Ratio (All Time)

Calculated using the full available price history

1.13

0.33

+0.80

Drawdowns

VFV.TO vs. INDA - Drawdown Comparison

The maximum VFV.TO drawdown since its inception was -27.43%, smaller than the maximum INDA drawdown of -39.13%. Use the drawdown chart below to compare losses from any high point for VFV.TO and INDA.

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Drawdown Indicators

VFV.TOINDADifference

Max Drawdown

Largest peak-to-trough decline

-27.43%

-39.13%

+11.70%

Max Drawdown (1Y)

Largest decline over 1 year

-8.62%

-18.56%

+9.94%

Max Drawdown (3Y)

Largest decline over 3 years

-19.05%

-20.76%

+1.71%

Max Drawdown (5Y)

Largest decline over 5 years

-22.19%

-20.76%

-1.43%

Max Drawdown (10Y)

Largest decline over 10 years

-27.43%

-39.13%

+11.70%

Current Drawdown

Current decline from peak

-2.03%

-17.37%

+15.34%

Average Drawdown

Average peak-to-trough decline

-3.35%

-7.41%

+4.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.26%

8.23%

-5.97%

Volatility

VFV.TO vs. INDA - Volatility Comparison

The current volatility for Vanguard S&P 500 Index ETF (VFV.TO) is 3.79%, while iShares MSCI India ETF (INDA) has a volatility of 5.37%. This indicates that VFV.TO experiences smaller price fluctuations and is considered to be less risky 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

VFV.TOINDADifference

Volatility (1M)

Calculated over the trailing 1-month period

3.79%

5.37%

-1.58%

Volatility (6M)

Calculated over the trailing 6-month period

8.91%

13.33%

-4.42%

Volatility (1Y)

Calculated over the trailing 1-year period

11.62%

15.46%

-3.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.95%

16.97%

-2.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.59%

22.43%

-5.84%

VFV.TO vs. INDA - Expense Ratio Comparison

VFV.TO has a 0.09% expense ratio, which is lower than INDA's 0.69% expense ratio.

Dividends

VFV.TO vs. INDA - Dividend Comparison

VFV.TO's dividend yield for the trailing twelve months is around 0.85%, 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%
VFV.TO
Vanguard S&P 500 Index ETF		0.85%0.92%0.99%1.20%1.31%1.06%1.33%1.55%1.69%1.51%1.65%1.63%

Frequently Asked Questions

VFV.TO and INDA have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VFV.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VFV.TO is cheaper with a 0.09% expense ratio, compared with 0.69% for INDA.

VFV.TO is categorized as S&P 500, while INDA is Asia Pacific Equities. VFV.TO tracks S&P 500 Index, while INDA tracks MSCI India Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VFV.TO and 0.69% for INDA.

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