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XIU.TO vs. INDA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIU.TO vs. INDA

Last updated Jun 13, 2026

XIU.TO (iShares S&P/TSX 60 Index ETF) and INDA (iShares MSCI India ETF) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while INDA is a Asia Pacific Equities fund tracking the MSCI India Index. Both are passively managed. Over the past 10 years, XIU.TO returned 13.04%/yr vs 8.02%/yr for INDA. At a 0.42 correlation, their price movements are largely independent. XIU.TO charges 0.18%/yr vs 0.69%/yr for INDA.

Performance

XIU.TO vs. INDA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX 60 Index ETF (XIU.TO) and iShares MSCI India ETF (INDA). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, XIU.TO achieves a 11.35% return, which is significantly higher than INDA's -8.67% return. Over the past 10 years, XIU.TO has outperformed INDA with an annualized return of 13.04%, while INDA has yielded a comparatively lower 8.02% annualized return.

XIU.TO

1D
0.62%
1M
4.37%
YTD
11.35%
6M
12.04%
1Y
32.43%
3Y*
22.94%
5Y*
14.53%
10Y*
13.04%

INDA

1D
1.42%
1M
2.86%
YTD
-8.67%
6M
-7.66%
1Y
-9.73%
3Y*
6.12%
5Y*
5.83%
10Y*
8.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIU.TO vs. INDA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XIU.TO
iShares S&P/TSX 60 Index ETF		11.35%28.89%20.73%11.85%-6.35%28.06%5.27%21.81%-7.82%9.58%
INDA
iShares MSCI India ETF		-8.67%-2.01%17.83%14.37%-3.17%21.30%12.10%2.10%1.18%26.86%

Correlation

The correlation between XIU.TO and INDA is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

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

0.35

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

0.38

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

0.39

Correlation (All Time)
Calculated using the full available price history since Feb 3, 2012

0.42

XIU.TO vs. INDA - Sectors Allocation Comparison

Sectors
XIU.TO
INDA

Financial Services

39.4%
28.4%

Energy

18.6%
9.5%

Basic Materials

13.3%
8.0%

Technology

8.8%
8.3%

Industrials

7.9%
10.3%

Consumer Cyclical

4.1%
12.5%

Consumer Defensive

3.2%
6.2%

Utilities

2.6%
4.6%

Communication Services

2.0%
4.7%

Real Estate

0.2%
1.4%

Healthcare

-

6.2%

Financial Services

XIU.TO
39.4%
INDA
28.4%

Energy

XIU.TO
18.6%
INDA
9.5%

Basic Materials

XIU.TO
13.3%
INDA
8.0%

Technology

XIU.TO
8.8%
INDA
8.3%

Industrials

XIU.TO
7.9%
INDA
10.3%

Consumer Cyclical

XIU.TO
4.1%
INDA
12.5%

Consumer Defensive

XIU.TO
3.2%
INDA
6.2%

Utilities

XIU.TO
2.6%
INDA
4.6%

Communication Services

XIU.TO
2.0%
INDA
4.7%

Real Estate

XIU.TO
0.2%
INDA
1.4%

Healthcare

XIU.TO

-

INDA
6.2%

Compare stocks, funds, or ETFs

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iShares S&P/TSX 60 Index ETF

iShares MSCI India ETF

Often compared with XIU.TO:
XIU.TO vs. XIC.TOXIU.TO vs. ZCN.TOXIU.TO vs. XDIV.TOXIU.TO vs. XSP.TOXIU.TO vs. HXT.TOXIU.TO vs. SPYXIU.TO vs. XIT.TO
Often compared with INDA:
INDA vs. FLININDA vs. INDYINDA vs. EPIINDA vs. SMININDA vs. VOOINDA vs. MCHIINDA vs. VNM

Return for Risk

XIU.TO vs. INDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XIU.TO
XIU.TO Risk / Return Rank: 8989
Overall Rank
XIU.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 8989
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 9292
Martin Ratio Rank
INDA
INDA Risk / Return Rank: 33
Overall Rank
INDA Sharpe Ratio Rank: 33
Sharpe Ratio Rank
INDA Sortino Ratio Rank: 33
Sortino Ratio Rank
INDA Omega Ratio Rank: 33
Omega Ratio Rank
INDA Calmar Ratio Rank: 44
Calmar Ratio Rank
INDA Martin Ratio Rank: 22
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.

XIU.TO vs. INDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX 60 Index ETF (XIU.TO) 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.

XIU.TOINDADifference
Sharpe ratioReturn per unit of total volatility
2.71
-0.63

+3.34

Sortino ratioReturn per unit of downside risk
3.61
-0.84

+4.45

Omega ratioGain probability vs. loss probability

1.49

0.91

+0.58

Calmar ratioReturn relative to maximum drawdown

4.26

-0.53

+4.78

Martin ratioReturn relative to average drawdown

19.57

-1.16

+20.73

XIU.TO vs. INDA - Sharpe Ratio Comparison

The current XIU.TO Sharpe Ratio is 2.71, which is higher than the INDA Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of XIU.TO and INDA, 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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Drawdowns

XIU.TO vs. INDA - Drawdown Comparison

The maximum XIU.TO drawdown since its inception was -46.98%, which is greater than INDA's maximum drawdown of -39.13%. Use the drawdown chart below to compare losses from any high point for XIU.TO and INDA.

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Drawdown Indicators

XIU.TOINDADifference

Max Drawdown

Largest peak-to-trough decline

-46.98%

-39.13%

-7.85%

Max Drawdown (1Y)

Largest decline over 1 year

-7.65%

-18.56%

+10.91%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-20.76%

+8.40%

Max Drawdown (5Y)

Largest decline over 5 years

-16.36%

-20.76%

+4.40%

Max Drawdown (10Y)

Largest decline over 10 years

-35.46%

-39.13%

+3.67%

Current Drawdown

Current decline from peak

-0.19%

-15.15%

+14.96%

Average Drawdown

Average peak-to-trough decline

-6.85%

-7.42%

+0.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.66%

8.42%

-6.76%

Volatility

XIU.TO vs. INDA - Volatility Comparison

The current volatility for iShares S&P/TSX 60 Index ETF (XIU.TO) is 4.06%, while iShares MSCI India ETF (INDA) has a volatility of 4.47%. This indicates that XIU.TO 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

XIU.TOINDADifference

Volatility (1M)

Calculated over the trailing 1-month period

4.06%

4.47%

-0.41%

Volatility (6M)

Calculated over the trailing 6-month period

9.62%

13.23%

-3.61%

Volatility (1Y)

Calculated over the trailing 1-year period

12.03%

15.54%

-3.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.83%

16.99%

-4.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.02%

22.43%

-7.41%

XIU.TO vs. INDA - Expense Ratio Comparison

XIU.TO has a 0.18% expense ratio, which is lower than INDA's 0.69% expense ratio.

Dividends

XIU.TO vs. INDA - Dividend Comparison

XIU.TO's dividend yield for the trailing twelve months is around 2.18%, while INDA has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
XIU.TO
iShares S&P/TSX 60 Index ETF		2.18%2.39%2.92%3.16%3.02%2.43%3.03%2.87%3.18%2.58%2.65%3.19%

Frequently Asked Questions

XIU.TO and INDA have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.69% for INDA.

XIU.TO is categorized as Canada Equities, while INDA is Asia Pacific Equities. XIU.TO tracks S&P/TSX 60 Index, while INDA tracks MSCI India Index. Their fees differ too: 0.18% for XIU.TO and 0.69% for INDA.

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