iShares MSCI India ETF (INDA) Performance
INDA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −14.0% since Dec 31, 2025
- 1 year
- −15.2% total return
- 5 years
- +0.2% a year
- 10 years
- +5.8% a year
- Since first price
- +4.8% a year since 2012
INDA trailing returns vs SPY, QQQ, AGG
| Period | INDA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.3% | −3.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.5% | −2.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −6.0% | −6.0% | +7.8% | +8.4% | −1.5% |
| YTD | −14.0% | −14.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −15.2% | −15.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +7.3%+2.4%/yr | +6.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +1.0%+0.2%/yr | −5.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +75.7%+5.8%/yr | +57.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionFeb 3, 2012 | +100.5%+4.8%/yr | +73.9% | — | — | — |
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: INDA vs SPY
From Feb 3, 2012: INDA grew to $20,046, SPY to $72,887.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
INDA returns by calendar year
8 of 13 full years positive. Best 2017 (+36.1%), worst 2022 (−8.9%). 2026 is year to date.
INDA annual returns table
| Year | INDA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −14.0% | −16.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +2.7% | −10.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +8.6% | −10.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +17.2% | −10.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −8.9% | −20.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +21.4% | −9.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +14.8% | −43.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +6.5% | −14.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −6.7% | −22.9% | −4.6% | −0.1% | +0.1% |
| 2017 | +36.1% | −7.3% | +21.7% | +32.7% | +3.6% |
| 2016 | −1.6% | −15.5% | +12.0% | +7.1% | +2.4% |
| 2015 | −7.1% | −22.7% | +1.2% | +9.4% | +0.5% |
| 2014 | +21.8% | −11.6% | +13.5% | +19.2% | +6.0% |
| 2013 | −5.2% | −29.8% | +32.3% | +36.6% | −2.0% |
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.
INDA largest drawdowns
Now 21.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 23, 2018 | −45.1% | Mar 23, 2020 | Nov 24, 2020 | 2.2 years | 2.8 years |
| Feb 1, 2013 | −29.8% | Aug 28, 2013 | May 12, 2014 | 7 months | 1.3 years |
| Mar 3, 2015 | −28.7% | Feb 11, 2016 | Jun 2, 2017 | 11 months | 2.3 years |
| Feb 21, 2012 | −26.5% | May 23, 2012 | Jan 18, 2013 | 3 months | 11 months |
| Sep 26, 2024 | −22.7% | Mar 30, 2026 | not yet | 1.5 years | 2.1 years so far |
| Jan 12, 2022 | −21.6% | Mar 15, 2023 | Dec 18, 2023 | 1.2 years | 1.9 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
INDA risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | +2.1% | +0.6% | +5.9% | +5.1% |
| Volatility (annualized) | 13.7% | 13.5% | 17.5% | 18.3% |
| Sharpe ratio | -0.10 | -0.16 | 0.29 | 0.28 |
| Sortino ratio | -0.13 | -0.21 | 0.40 | 0.40 |
| Best month | +7.0% | +8.4% | +12.2% | +13.4% |
| Worst month | −10.4% | −10.4% | −25.1% | −25.1% |
| Best 12 months | +32.4% | +32.4% | +75.6% | +75.6% |
| Worst 12 months | −11.3% | −11.7% | −30.9% | −30.9% |
| Positive months | 61% | 60% | 59% | 58% |
| Beta vs S&P 500 | 0.44 | 0.47 | 0.62 | — |
| Correlation with S&P 500 | 0.40 | 0.54 | 0.54 | — |
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.
INDA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 165 | −30.9% | +4.2% | +75.6% | 62% |
| 3-year (a year) | 141 | −7.6% | +7.7% | +20.4% | 94% |
| 5-year (a year) | 117 | −4.5% | +7.4% | +18.2% | 97% |
| 10-year (a year) | 57 | +5.0% | +7.4% | +9.4% | 100% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
INDA performance overview
iShares MSCI India ETF (INDA) returned −15.2% over the past year and +5.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned +4.8% a year, turning $10,000 into about $20,046. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −45.1%, from Jan 23, 2018 to Mar 23, 2020, and it took 8 months to get back to the old high. INDA finished 8 of its 13 full calendar years with a gain; the best year was 2017 (+36.1%) and the worst 2022 (−8.9%). Volatility has been 18.3% a year.
Related: INDA chart, INDA holdings. See the INDA overview for the latest quote and fund facts.
INDA performance FAQ
What is the INDA return over the past year?
INDA returned −15.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 15.2%.
What is the average annual return of INDA?
INDA has returned +0.2% a year over 5 years, +5.8% a year over 10 years, +4.8% a year since February 3, 2012 (total return, distributions reinvested).
How much would $10,000 invested in INDA be worth?
$10,000 invested in INDA at its first recorded close on February 3, 2012 would be worth about $20,046 on October 23, 2026 with distributions reinvested.
What was the worst year for INDA?
The worst calendar year was 2022, with a total return of −8.9%. The best was 2017 at +36.1%.
What is the biggest drawdown of INDA?
The largest peak-to-trough decline was −45.1% between January 23, 2018 and March 23, 2020. It recovered to the old high on November 24, 2020, 8 months after the bottom.
How volatile is INDA?
Over the past 3 years INDA had an annualized volatility of 13.7% and a Sharpe ratio of -0.10 (excess return over 1–3 month T-bills per unit of risk).