Columbia India Consumer ETF (INCO) Performance
INCO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −13.4% since Dec 31, 2025
- 1 year
- −16.3% total return
- 5 years
- +4.0% a year
- 10 years
- +7.0% a year
- Since first price
- +8.7% a year since 2011
INCO trailing returns vs SPY, QQQ, AGG
| Period | INCO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.3% | −6.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −5.2% | −5.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −5.8% | −5.8% | +7.8% | +8.4% | −1.5% |
| YTD | −13.4% | −13.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −16.3% | −16.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +12.2%+3.9%/yr | +5.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +21.6%+4.0%/yr | −3.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +97.0%+7.0%/yr | +55.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +282.9%+9.4%/yr | +201.2% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionAug 10, 2011 | +255.4%+8.7%/yr | +179.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: INCO vs SPY
From Aug 10, 2011: INCO grew to $35,542, SPY to $88,338.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
INCO returns by calendar year
9 of 14 full years positive. Best 2017 (+53.3%), worst 2018 (−10.8%). 2026 is year to date.
INCO annual returns table
| Year | INCO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −13.4% | −18.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +0.6% | −16.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.7% | −15.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +34.6% | −6.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.0% | −20.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +19.3% | −12.4% | +28.7% | +27.4% | −1.8% |
| 2020 | +14.5% | −39.3% | +18.3% | +48.6% | +7.5% |
| 2019 | −4.2% | −18.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −10.8% | −26.8% | −4.6% | −0.1% | +0.1% |
| 2017 | +53.3% | −6.7% | +21.7% | +32.7% | +3.6% |
| 2016 | +1.0% | −16.7% | +12.0% | +7.1% | +2.4% |
| 2015 | −0.6% | −19.6% | +1.2% | +9.4% | +0.5% |
| 2014 | +44.8% | −9.2% | +13.5% | +19.2% | +6.0% |
| 2013 | −8.2% | −30.8% | +32.3% | +36.6% | −2.0% |
| 2012 | +51.6% | −18.5% | +16.0% | +18.1% | +3.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
INCO largest drawdowns
Now 26.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 5, 2018 | −47.7% | Mar 23, 2020 | Jan 12, 2021 | 2.2 years | 3.0 years |
| Jan 2, 2013 | −30.8% | Aug 28, 2013 | Apr 1, 2014 | 8 months | 1.2 years |
| Sep 23, 2024 | −30.0% | Mar 30, 2026 | not yet | 1.5 years | 2.1 years so far |
| Mar 18, 2015 | −27.8% | Feb 11, 2016 | Mar 15, 2017 | 11 months | 2.0 years |
| Sep 7, 2011 | −23.3% | Dec 19, 2011 | Sep 21, 2012 | 3 months | 1.0 years |
| Oct 15, 2021 | −22.1% | Mar 7, 2022 | Jun 30, 2023 | 5 months | 1.7 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
INCO risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | +5.4% | +5.0% | +7.4% | +9.0% |
| Volatility (annualized) | 17.6% | 15.8% | 18.6% | 21.5% |
| Sharpe ratio | 0.14 | 0.16 | 0.36 | 0.44 |
| Sortino ratio | 0.19 | 0.23 | 0.50 | 0.65 |
| Best month | +8.8% | +9.3% | +12.3% | +15.5% |
| Worst month | −13.6% | −13.6% | −21.6% | −21.6% |
| Best 12 months | +51.1% | +51.1% | +67.2% | +69.5% |
| Worst 12 months | −13.6% | −13.6% | −27.0% | −27.0% |
| Positive months | 67% | 63% | 61% | 61% |
| Beta vs S&P 500 | 0.58 | 0.46 | 0.53 | — |
| Correlation with S&P 500 | 0.41 | 0.46 | 0.44 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
INCO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 171 | −27.0% | +9.8% | +69.5% | 65% |
| 3-year (a year) | 147 | −7.2% | +12.2% | +28.2% | 93% |
| 5-year (a year) | 123 | −2.8% | +10.9% | +21.5% | 99% |
| 10-year (a year) | 63 | +6.8% | +10.3% | +13.7% | 100% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
INCO performance overview
Columbia India Consumer ETF (INCO) returned −16.3% over the past year and +7.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned +8.7% a year, turning $10,000 into about $35,542. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −47.7%, from Jan 5, 2018 to Mar 23, 2020, and it took 10 months to get back to the old high. INCO finished 9 of its 14 full calendar years with a gain; the best year was 2017 (+53.3%) and the worst 2018 (−10.8%). Volatility has been 21.5% a year.
Related: INCO chart, INCO holdings. See the INCO overview for the latest quote and fund facts.
INCO performance FAQ
What is the INCO return over the past year?
INCO returned −16.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 16.3%.
What is the average annual return of INCO?
INCO has returned +4.0% a year over 5 years, +7.0% a year over 10 years, +8.7% a year since August 10, 2011 (total return, distributions reinvested).
How much would $10,000 invested in INCO be worth?
$10,000 invested in INCO at its first recorded close on August 10, 2011 would be worth about $35,542 on October 23, 2026 with distributions reinvested.
What was the worst year for INCO?
The worst calendar year was 2018, with a total return of −10.8%. The best was 2017 at +53.3%.
What is the biggest drawdown of INCO?
The largest peak-to-trough decline was −47.7% between January 5, 2018 and March 23, 2020. It recovered to the old high on January 12, 2021, 10 months after the bottom.
How volatile is INCO?
Over the past 3 years INCO had an annualized volatility of 17.6% and a Sharpe ratio of 0.14 (excess return over 1–3 month T-bills per unit of risk).