iShares India 50 ETF (INDY) Performance
INDY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −15.8% since Dec 31, 2025
- 1 year
- −16.3% total return
- 5 years
- −1.0% a year
- 10 years
- +5.5% a year
- Since first price
- +4.6% a year since 2009
INDY trailing returns vs SPY, QQQ, AGG
| Period | INDY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.5% | −1.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.5% | −1.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −5.2% | −5.5% | +7.8% | +8.4% | −1.5% |
| YTD | −15.8% | −16.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −16.3% | −22.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +1.3%+0.4%/yr | −7.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −5.0%−1.0%/yr | −21.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +71.0%+5.5%/yr | +38.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +123.1%+5.5%/yr | +75.8% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionNov 20, 2009 | +113.4%+4.6%/yr | +66.8% | — | — | — |
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: INDY vs SPY
From Nov 20, 2009: INDY grew to $21,339, SPY to $93,790.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
INDY returns by calendar year
11 of 16 full years positive. Best 2017 (+36.1%), worst 2011 (−36.7%). 2026 is year to date.
INDY annual returns table
| Year | INDY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −15.8% | −18.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.0% | −8.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +3.5% | −11.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +16.9% | −8.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.3% | −20.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +19.4% | −10.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +10.0% | −43.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +10.0% | −13.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −4.3% | −20.1% | −4.6% | −0.1% | +0.1% |
| 2017 | +36.1% | −7.2% | +21.7% | +32.7% | +3.6% |
| 2016 | +1.0% | −14.0% | +12.0% | +7.1% | +2.4% |
| 2015 | −8.6% | −23.2% | +1.2% | +9.4% | +0.5% |
| 2014 | +27.9% | −10.4% | +13.5% | +19.2% | +6.0% |
| 2013 | −4.8% | −30.7% | +32.3% | +36.6% | −2.0% |
| 2012 | +26.7% | −24.6% | +16.0% | +18.1% | +3.8% |
| 2011 | −36.7% | −38.1% | +1.9% | +3.4% | +7.7% |
| 2010 | +24.5% | −16.0% | +15.1% | +19.9% | +6.4% |
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.
INDY largest drawdowns
Now 21.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 5, 2010 | −44.7% | Aug 28, 2013 | Jan 20, 2015 | 2.8 years | 4.2 years |
| Jan 13, 2020 | −43.5% | Mar 23, 2020 | Nov 24, 2020 | 2 months | 10 months |
| Jan 29, 2015 | −29.9% | Feb 26, 2016 | Apr 26, 2017 | 1.1 years | 2.2 years |
| Sep 26, 2024 | −23.9% | Oct 8, 2026 | not yet | 2.0 years | 2.1 years so far |
| Jan 26, 2018 | −20.1% | Oct 5, 2018 | May 31, 2019 | 8 months | 1.3 years |
| Jan 12, 2022 | −20.0% | Jun 16, 2022 | Dec 14, 2023 | 5 months | 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.
INDY risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2009 |
|---|---|---|---|---|
| Annualized return | −0.4% | −0.8% | +5.4% | +4.5% |
| Volatility (annualized) | 12.9% | 12.9% | 17.6% | 20.6% |
| Sharpe ratio | -0.31 | -0.28 | 0.26 | 0.25 |
| Sortino ratio | -0.39 | -0.36 | 0.37 | 0.37 |
| Best month | +6.7% | +7.8% | +11.6% | +21.2% |
| Worst month | −10.5% | −10.5% | −27.0% | −27.0% |
| Best 12 months | +25.0% | +25.0% | +75.1% | +75.1% |
| Worst 12 months | −13.4% | −13.4% | −32.0% | −36.7% |
| Positive months | 58% | 58% | 57% | 56% |
| Beta vs S&P 500 | 0.38 | 0.44 | 0.62 | — |
| Correlation with S&P 500 | 0.36 | 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.
INDY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 192 | −36.7% | +4.9% | +75.1% | 63% |
| 3-year (a year) | 168 | −11.5% | +7.3% | +21.2% | 86% |
| 5-year (a year) | 144 | −3.5% | +7.2% | +17.2% | 92% |
| 10-year (a year) | 84 | +0.1% | +7.2% | +10.6% | 100% |
Every holding period starting at a month-end since 2009. Returns for 3 years and longer are annualized.
INDY performance overview
iShares India 50 ETF (INDY) returned −16.3% over the past year and +5.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2009 it has returned +4.6% a year, turning $10,000 into about $21,339. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −44.7%, from Nov 5, 2010 to Aug 28, 2013, and it took 1.4 years to get back to the old high. INDY finished 11 of its 16 full calendar years with a gain; the best year was 2017 (+36.1%) and the worst 2011 (−36.7%). Volatility has been 20.6% a year.
Related: INDY chart, INDY holdings, INDY dividends. See the INDY overview for the latest quote and fund facts.
INDY performance FAQ
What is the INDY return over the past year?
INDY returned −16.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 22.9%.
What is the average annual return of INDY?
INDY has returned −1.0% a year over 5 years, +5.5% a year over 10 years, +4.6% a year since November 20, 2009 (total return, distributions reinvested).
How much would $10,000 invested in INDY be worth?
$10,000 invested in INDY at its first recorded close on November 20, 2009 would be worth about $21,339 on October 23, 2026 with distributions reinvested.
What was the worst year for INDY?
The worst calendar year was 2011, with a total return of −36.7%. The best was 2017 at +36.1%.
What is the biggest drawdown of INDY?
The largest peak-to-trough decline was −44.7% between November 5, 2010 and August 28, 2013. It recovered to the old high on January 20, 2015, 1.4 years after the bottom.
How volatile is INDY?
Over the past 3 years INDY had an annualized volatility of 12.9% and a Sharpe ratio of -0.31 (excess return over 1–3 month T-bills per unit of risk).