WAGA.PA vs. INDA
WAGA.PA (Waga Energy SA) is a stock, while INDA (iShares MSCI India ETF) is Asia Pacific Equities fund tracking the MSCI India Index. Over the past 3 years, WAGA.PA returned -3.82%/yr vs 1.97%/yr for INDA. At a 0.05 correlation, their price movements are largely independent.
Performance
WAGA.PA vs. INDA - Performance Comparison
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Different Trading Currencies
WAGA.PA is traded in EUR, while INDA is traded in USD. To make them comparable, the INDA values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, WAGA.PA achieves a -4.49% return, which is significantly higher than INDA's -10.14% return.
WAGA.PA
- 1D
- -0.21%
- 1M
- 0.86%
- YTD
- -4.49%
- 6M
- 5.17%
- 1Y
- 40.46%
- 3Y*
- -3.82%
- 5Y*
- —
- 10Y*
- —
INDA
- 1D
- 1.25%
- 1M
- -1.67%
- YTD
- -10.14%
- 6M
- -10.44%
- 1Y
- -12.44%
- 3Y*
- 1.97%
- 5Y*
- 3.56%
- 10Y*
- 6.48%
WAGA.PA vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WAGA.PA Waga Energy SA | -4.49% | 53.12% | -37.13% | -10.70% | 0.71% | 8.02% |
INDA iShares MSCI India ETF | -10.14% | -9.51% | 15.80% | 13.65% | -3.30% | 0.22% |
Correlation
The correlation between WAGA.PA and INDA is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.05 |
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Return for Risk
WAGA.PA vs. INDA — Risk / Return Rank
WAGA.PA
INDA
WAGA.PA vs. INDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waga Energy SA (WAGA.PA) 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.
| WAGA.PA | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +4.38 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 0.87 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | -0.69 | +4.12 |
| Martin ratioReturn relative to average drawdown | 6.68 | -1.45 | +8.13 |
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
| WAGA.PA | INDA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | -0.86 | +1.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.28 | -0.33 |
Drawdowns
WAGA.PA vs. INDA - Drawdown Comparison
The maximum WAGA.PA drawdown since its inception was -77.39%, which is greater than INDA's maximum drawdown of -41.78%. Use the drawdown chart below to compare losses from any high point for WAGA.PA and INDA.
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Drawdown Indicators
| WAGA.PA | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.39% | -41.78% | -35.61% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -18.08% | +6.45% |
Max Drawdown (3Y)Largest decline over 3 years | -71.13% | -25.03% | -46.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.78% | — |
Current DrawdownCurrent decline from peak | -38.90% | -21.78% | -17.12% |
Average DrawdownAverage peak-to-trough decline | -36.94% | -9.09% | -27.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 8.57% | -4.13% |
Volatility
WAGA.PA vs. INDA - Volatility Comparison
The current volatility for Waga Energy SA (WAGA.PA) is 4.47%, while iShares MSCI India ETF (INDA) has a volatility of 4.89%. This indicates that WAGA.PA 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
| WAGA.PA | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 4.89% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 17.13% | 12.27% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.97% | 14.56% | +25.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.25% | 15.00% | +32.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.25% | 21.01% | +26.24% |
Dividends
WAGA.PA vs. INDA - Dividend Comparison
Neither WAGA.PA nor INDA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WAGA.PA Waga Energy SA | 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
WAGA.PA and INDA have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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