WAINX vs. INDY
WAINX (Wasatch Emerging India Fund) and INDY (iShares India 50 ETF) are both India Equities funds. Over the past 10 years, WAINX returned 9.70%/yr vs 6.11%/yr for INDY. A 0.67 correlation means they provide meaningful diversification when combined. WAINX charges 1.51%/yr vs 0.65%/yr for INDY.
Performance
WAINX vs. INDY - Performance Comparison
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Returns By Period
In the year-to-date period, WAINX achieves a 0.72% return, which is significantly higher than INDY's -12.52% return. Over the past 10 years, WAINX has outperformed INDY with an annualized return of 9.70%, while INDY has yielded a comparatively lower 6.11% annualized return.
WAINX
- 1D
- 0.72%
- 1M
- 8.55%
- 6M
- 3.46%
- YTD
- 0.72%
- 1Y
- -8.36%
- 3Y*
- 4.95%
- 5Y*
- 3.27%
- 10Y*
- 9.70%
INDY
- 1D
- -0.97%
- 1M
- 0.98%
- 6M
- -11.33%
- YTD
- -12.52%
- 1Y
- -12.90%
- 3Y*
- 1.02%
- 5Y*
- 2.19%
- 10Y*
- 6.11%
WAINX vs. INDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAINX Wasatch Emerging India Fund | 0.72% | -5.33% | 9.23% | 20.90% | -21.77% | 37.56% | 17.63% | 13.78% | -5.45% | 53.39% |
INDY iShares India 50 ETF | -12.52% | 4.97% | 3.47% | 16.88% | -7.31% | 19.43% | 10.01% | 9.99% | -4.32% | 36.15% |
Correlation
The correlation between WAINX and INDY is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2011 | 0.67 |
The correlation between WAINX and INDY has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.
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Return for Risk
WAINX vs. INDY — Risk / Return Rank
WAINX
INDY
WAINX vs. INDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Emerging India Fund (WAINX) 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.
| WAINX | INDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.86 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | -0.72 | +0.38 |
| Martin ratioReturn relative to average drawdown | -0.69 | -1.49 | +0.80 |
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Drawdowns
WAINX vs. INDY - Drawdown Comparison
The maximum WAINX drawdown since its inception was -41.34%, smaller than the maximum INDY drawdown of -44.74%. Use the drawdown chart below to compare losses from any high point for WAINX and INDY.
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Drawdown Indicators
| WAINX | INDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.34% | -44.74% | +3.40% |
Max Drawdown (1Y)Largest decline over 1 year | -27.63% | -18.09% | -9.54% |
Max Drawdown (3Y)Largest decline over 3 years | -31.01% | -22.40% | -8.61% |
Max Drawdown (5Y)Largest decline over 5 years | -31.01% | -22.40% | -8.61% |
Max Drawdown (10Y)Largest decline over 10 years | -41.34% | -43.50% | +2.16% |
Current DrawdownCurrent decline from peak | -12.93% | -18.33% | +5.40% |
Average DrawdownAverage peak-to-trough decline | -9.35% | -12.25% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.54% | 8.66% | +4.88% |
Volatility
WAINX vs. INDY - Volatility Comparison
Wasatch Emerging India Fund (WAINX) has a higher volatility of 4.77% compared to iShares India 50 ETF (INDY) at 4.17%. This indicates that WAINX'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
| WAINX | INDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 4.17% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 14.25% | 12.67% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.93% | 14.48% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.33% | 15.01% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 19.51% | -0.46% |
WAINX vs. INDY - Expense Ratio Comparison
WAINX has a 1.51% expense ratio, which is higher than INDY's 0.65% expense ratio.
Dividends
WAINX vs. INDY - Dividend Comparison
WAINX's dividend yield for the trailing twelve months is around 28.97%, more than INDY's 9.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDY iShares India 50 ETF | 9.52% | 8.11% | 0.24% | 0.38% | 3.75% | 7.12% | 0.08% | 0.58% | 0.55% | 0.27% | 0.48% | 0.57% |
WAINX Wasatch Emerging India Fund | 28.97% | 29.17% | 20.19% | 4.23% | 1.15% | 4.29% | 0.00% | 0.32% | 6.95% | 2.91% | 1.06% | 1.40% |
Frequently Asked Questions
WAINX and INDY have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WAINX has higher volatility (4.77%) compared to INDY (4.17%). In terms of maximum drawdown, WAINX dropped -41.34% vs INDY's -44.74%.
WAINX currently has the higher Sharpe Ratio (-0.54 vs -0.90), 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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