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XID.TO vs. GLIN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XID.TO vs. GLIN

Last updated Jun 4, 2026

XID.TO (iShares India Index ETF) and GLIN (VanEck Vectors India Growth Leaders ETF) are both Asia Pacific Equities funds - XID.TO tracks the Morningstar Gbl GR CAD while GLIN tracks the MarketGrader India All-Cap Growth Leaders Index. Both are passively managed. Over the past 10 years, XID.TO returned 6.69%/yr vs 2.83%/yr for GLIN. A 0.73 correlation means they provide meaningful diversification when combined. XID.TO charges 1.08%/yr vs 0.82%/yr for GLIN.

Performance

XID.TO vs. GLIN - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares India Index ETF (XID.TO) and VanEck Vectors India Growth Leaders ETF (GLIN). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, XID.TO achieves a -14.17% return, which is significantly lower than GLIN's -2.53% return. Over the past 10 years, XID.TO has outperformed GLIN with an annualized return of 6.69%, while GLIN has yielded a comparatively lower 2.83% annualized return.

XID.TO

1D
-0.95%
1M
-1.28%
YTD
-14.17%
6M
-14.49%
1Y
-13.67%
3Y*
2.43%
5Y*
3.77%
10Y*
6.69%

GLIN

1D
-0.52%
1M
1.93%
YTD
-2.53%
6M
-1.52%
1Y
-3.20%
3Y*
11.60%
5Y*
7.55%
10Y*
2.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XID.TO vs. GLIN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XID.TO
iShares India Index ETF		-14.17%-0.28%12.36%14.07%-0.64%17.51%7.86%4.33%3.73%26.87%
GLIN
VanEck Vectors India Growth Leaders ETF		-2.53%-9.81%25.58%33.13%-15.86%28.40%-1.98%-25.35%-32.10%55.93%

Correlation

The correlation between XID.TO and GLIN is 0.79, 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

0.79

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

0.74

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

0.69

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

0.71

Correlation (All Time)
Calculated using the full available price history since Aug 26, 2010

0.73

The correlation between XID.TO and GLIN shifts across timeframes, from 0.69 (5 years) to 0.79 (1 year), reflecting how their relationship changes across market environments.

XID.TO vs. GLIN - Sectors Allocation Comparison

Sectors
XID.TO
GLIN

Financial Services

35.4%
35.5%

Energy

11.3%
2.3%

Consumer Cyclical

10.8%
14.2%

Technology

8.5%
1.9%

Industrials

7.7%
20.5%

Basic Materials

7.3%
8.7%

Consumer Defensive

6.2%
0.5%

Communication Services

5.2%
5.2%

Healthcare

4.5%
8.4%

Utilities

3.0%
3.5%

Real Estate

-

0.0%

Financial Services

XID.TO
35.4%
GLIN
35.5%

Energy

XID.TO
11.3%
GLIN
2.3%

Consumer Cyclical

XID.TO
10.8%
GLIN
14.2%

Technology

XID.TO
8.5%
GLIN
1.9%

Industrials

XID.TO
7.7%
GLIN
20.5%

Basic Materials

XID.TO
7.3%
GLIN
8.7%

Consumer Defensive

XID.TO
6.2%
GLIN
0.5%

Communication Services

XID.TO
5.2%
GLIN
5.2%

Healthcare

XID.TO
4.5%
GLIN
8.4%

Utilities

XID.TO
3.0%
GLIN
3.5%

Real Estate

XID.TO

-

GLIN
0.0%

Compare stocks, funds, or ETFs

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

iShares India Index ETF

VanEck Vectors India Growth Leaders ETF

Often compared with XID.TO:
XID.TO vs. ZID.TOXID.TO vs. NFTYXID.TO vs. FLINXID.TO vs. VOOXID.TO vs. VGRO.TOXID.TO vs. ZCN.TOXID.TO vs. ^GSPC
Often compared with GLIN:
GLIN vs. FLINGLIN vs. INDYGLIN vs. EPIGLIN vs. INCOGLIN vs. INDFGLIN vs. INDLGLIN vs. SMIN

Return for Risk

XID.TO vs. GLIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XID.TO
XID.TO Risk / Return Rank: 22
Overall Rank
XID.TO Sharpe Ratio Rank: 22
Sharpe Ratio Rank
XID.TO Sortino Ratio Rank: 22
Sortino Ratio Rank
XID.TO Omega Ratio Rank: 22
Omega Ratio Rank
XID.TO Calmar Ratio Rank: 33
Calmar Ratio Rank
XID.TO Martin Ratio Rank: 11
Martin Ratio Rank
GLIN
GLIN Risk / Return Rank: 66
Overall Rank
GLIN Sharpe Ratio Rank: 66
Sharpe Ratio Rank
GLIN Sortino Ratio Rank: 66
Sortino Ratio Rank
GLIN Omega Ratio Rank: 66
Omega Ratio Rank
GLIN Calmar Ratio Rank: 66
Calmar Ratio Rank
GLIN Martin Ratio Rank: 55
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.

XID.TO vs. GLIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares India Index ETF (XID.TO) and VanEck Vectors India Growth Leaders ETF (GLIN). 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.

XID.TOGLINDifference
Sharpe ratioReturn per unit of total volatility
-0.93
-0.19

-0.74

Sortino ratioReturn per unit of downside risk
-1.34
-0.15

-1.19

Omega ratioGain probability vs. loss probability

0.85

0.98

-0.13

Calmar ratioReturn relative to maximum drawdown

-0.73

-0.19

-0.54

Martin ratioReturn relative to average drawdown

-1.60

-0.57

-1.03

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

XID.TO vs. GLIN - Sharpe Ratio Comparison

The current XID.TO Sharpe Ratio is -0.93, which is lower than the GLIN Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of XID.TO and GLIN, 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

XID.TOGLINDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.93

-0.19

-0.74

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.26

0.45

-0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.37

0.13

+0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

-0.03

+0.36

Drawdowns

XID.TO vs. GLIN - Drawdown Comparison

The maximum XID.TO drawdown since its inception was -42.26%, smaller than the maximum GLIN drawdown of -74.61%. Use the drawdown chart below to compare losses from any high point for XID.TO and GLIN.

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Drawdown Indicators

XID.TOGLINDifference

Max Drawdown

Largest peak-to-trough decline

-42.26%

-74.61%

+32.35%

Max Drawdown (1Y)

Largest decline over 1 year

-18.75%

-17.16%

-1.59%

Max Drawdown (3Y)

Largest decline over 3 years

-20.11%

-24.68%

+4.57%

Max Drawdown (5Y)

Largest decline over 5 years

-20.11%

-29.27%

+9.16%

Max Drawdown (10Y)

Largest decline over 10 years

-39.46%

-70.78%

+31.32%

Current Drawdown

Current decline from peak

-18.69%

-25.59%

+6.90%

Average Drawdown

Average peak-to-trough decline

-10.43%

-40.06%

+29.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.57%

5.63%

+2.94%

Volatility

XID.TO vs. GLIN - Volatility Comparison

The current volatility for iShares India Index ETF (XID.TO) is 4.96%, while VanEck Vectors India Growth Leaders ETF (GLIN) has a volatility of 6.63%. This indicates that XID.TO experiences smaller price fluctuations and is considered to be less risky than GLIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XID.TOGLINDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.96%

6.63%

-1.67%

Volatility (6M)

Calculated over the trailing 6-month period

12.55%

14.89%

-2.34%

Volatility (1Y)

Calculated over the trailing 1-year period

14.84%

17.12%

-2.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.32%

17.06%

-2.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.22%

22.34%

-4.12%

XID.TO vs. GLIN - Expense Ratio Comparison

XID.TO has a 1.08% expense ratio, which is higher than GLIN's 0.82% expense ratio.

Dividends

XID.TO vs. GLIN - Dividend Comparison

XID.TO's dividend yield for the trailing twelve months is around 16.69%, more than GLIN's 0.88% yield.

PositionTTM20252024202320222021202020192018201720162015
GLIN
VanEck Vectors India Growth Leaders ETF		0.88%0.84%3.58%0.96%1.70%0.00%0.24%1.42%0.12%0.10%1.39%3.11%
XID.TO
iShares India Index ETF		16.69%14.32%0.17%0.42%3.45%6.82%0.03%0.43%0.39%0.16%0.36%0.36%

Frequently Asked Questions

XID.TO and GLIN have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, GLIN is cheaper at 0.82% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GLIN is cheaper with a 0.82% expense ratio, compared with 1.08% for XID.TO.

XID.TO tracks Morningstar Gbl GR CAD, while GLIN tracks MarketGrader India All-Cap Growth Leaders Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 1.08% for XID.TO and 0.82% for GLIN.

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