WAGA.PA vs. INDA
WAGA.PA (Waga Energy SA) is a stock, while INDA (iShares MSCI India ETF) is India Equities fund tracking the MSCI India Index. Over the past 3 years, WAGA.PA returned -8.12%/yr vs 2.42%/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 -8.98% return, which is significantly lower than INDA's -7.57% return.
WAGA.PA
- 1D
- -3.25%
- 1M
- -3.67%
- 6M
- -3.04%
- YTD
- -8.98%
- 1Y
- 2.53%
- 3Y*
- -8.12%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.37%
INDA
- 1D
- -0.53%
- 1M
- -1.67%
- 6M
- -6.65%
- YTD
- -7.57%
- 1Y
- -9.30%
- 3Y*
- 2.42%
- 5Y*
- 4.04%
- 10Y*
- 6.03%
- ALL TIME*
- 6.31%
WAGA.PA vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WAGA.PA Waga Energy SA | -8.98% | 53.12% | -37.13% | -10.70% | 0.71% | 18.91% |
INDA iShares MSCI India ETF | -7.57% | -9.51% | 15.80% | 13.65% | -3.30% | -0.28% |
Correlation
The correlation between WAGA.PA and INDA is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 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.
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.
| WAGA.PA | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.91 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | -0.56 | +0.77 |
| Martin ratioReturn relative to average drawdown | 0.52 | -1.16 | +1.68 |
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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% | -16.77% | +5.14% |
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 | -41.78% | -19.54% | -22.24% |
Average DrawdownAverage peak-to-trough decline | -36.98% | -9.18% | -27.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.81% | 8.05% | -3.24% |
Volatility
WAGA.PA vs. INDA - Volatility Comparison
Waga Energy SA (WAGA.PA) and iShares MSCI India ETF (INDA) have volatilities of 3.74% and 3.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 3.74% | 3.83% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.68% | 12.48% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.97% | 14.78% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.86% | 15.09% | +31.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.86% | 21.01% | +25.85% |
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 -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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