WAINX vs. INDY
WAINX (Wasatch Emerging India Fund) and INDY (iShares India 50 ETF) are both funds - WAINX is a Asia Pacific Equities fund managed by Wasatch, while INDY is a Emerging Markets Equities fund tracking the Nifty 50 Index. Over the past 10 years, WAINX returned 10.33%/yr vs 6.94%/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
Loading charts...
Returns By Period
In the year-to-date period, WAINX achieves a -1.44% return, which is significantly higher than INDY's -12.36% return. Over the past 10 years, WAINX has outperformed INDY with an annualized return of 10.33%, while INDY has yielded a comparatively lower 6.94% annualized return.
WAINX
- 1D
- 1.23%
- 1M
- 9.63%
- YTD
- -1.44%
- 6M
- -2.61%
- 1Y
- -9.10%
- 3Y*
- 4.85%
- 5Y*
- 3.51%
- 10Y*
- 10.33%
INDY
- 1D
- -1.49%
- 1M
- 1.53%
- YTD
- -12.36%
- 6M
- -12.66%
- 1Y
- -12.06%
- 3Y*
- 2.42%
- 5Y*
- 2.23%
- 10Y*
- 6.94%
WAINX vs. INDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAINX Wasatch Emerging India Fund | -1.44% | -5.33% | 9.23% | 20.90% | -21.77% | 37.56% | 17.63% | 13.78% | -5.45% | 53.39% |
INDY iShares India 50 ETF | -12.36% | 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 | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
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 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.87 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | -0.64 | +0.36 |
| Martin ratioReturn relative to average drawdown | -0.58 | -1.35 | +0.77 |
Loading charts...
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.
Loading charts...
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 | -28.83% | -18.95% | -9.88% |
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 | -14.80% | -18.17% | +3.37% |
Average DrawdownAverage peak-to-trough decline | -9.34% | -12.24% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.20% | 8.98% | +5.22% |
Volatility
WAINX vs. INDY - Volatility Comparison
Wasatch Emerging India Fund (WAINX) has a higher volatility of 4.33% compared to iShares India 50 ETF (INDY) at 4.06%. 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.
Loading charts...
Volatility by Period
| WAINX | INDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.06% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 12.55% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.90% | 14.36% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.31% | 14.98% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 19.53% | -0.48% |
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 29.60%, more than INDY's 9.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDY iShares India 50 ETF | 9.50% | 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 | 29.60% | 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 (4.33%) compared to INDY (4.06%). In terms of maximum drawdown, WAINX dropped -41.34% vs INDY's -44.74%.
WAINX currently has the higher Sharpe Ratio (-0.49 vs -0.84), 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.
Find the right allocation for WAINX and INDY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer