India Internet & Ecommerce ETF (INQQ) Performance
INQQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −15.3% since Dec 31, 2025
- 1 year
- −21.7% total return
- 3 years
- +2.1% a year
- Since first price
- −4.6% a year since 2022
INQQ trailing returns vs SPY, QQQ, AGG
| Period | INQQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −9.2% | −9.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.7% | −0.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.9% | −3.9% | +7.8% | +8.4% | −1.5% |
| YTD | −15.3% | −15.3% | +12.3% | +15.1% | −1.0% |
| 1 year | −21.7% | −23.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +6.4%+2.1%/yr | +2.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionApr 1, 2022 | −19.4%−4.6%/yr | −22.1% | — | — | — |
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: INQQ vs SPY
From Apr 1, 2022: INQQ grew to $8,060, SPY to $17,822.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
INQQ returns by calendar year
2 of 3 full years positive. Best 2023 (+31.4%), worst 2025 (−7.1%). 2026 is year to date.
INQQ annual returns table
| Year | INQQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −15.3% | −23.8% | +12.3% | +15.1% | −1.0% |
| 2025 | −7.1% | −19.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +19.1% | −8.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +31.4% | −10.9% | +26.2% | +54.9% | +5.7% |
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.
INQQ largest drawdowns
Now 25.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 5, 2022 | −40.8% | Mar 28, 2023 | Sep 9, 2024 | 12 months | 2.4 years |
| Dec 11, 2024 | −32.4% | Mar 30, 2026 | not yet | 1.3 years | 1.9 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
INQQ risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +2.1% | −2.3% |
| Volatility (annualized) | 17.8% | 19.1% |
| Sharpe ratio | -0.04 | -0.24 |
| Sortino ratio | -0.06 | -0.31 |
| Best month | +9.9% | +10.8% |
| Worst month | −10.9% | −12.9% |
| Best 12 months | +30.5% | +46.8% |
| Worst 12 months | −21.3% | −30.2% |
| Positive months | 58% | 55% |
| Beta vs S&P 500 | 0.61 | — |
| Correlation with S&P 500 | 0.43 | — |
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.
INQQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 43 | −30.2% | +2.7% | +46.8% | 60% |
| 3-year (a year) | 19 | +1.4% | +8.6% | +13.3% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
INQQ performance overview
India Internet & Ecommerce ETF (INQQ) returned −21.7% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned −4.6% a year, turning $10,000 into about $8,060. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −40.8%, from Apr 5, 2022 to Mar 28, 2023, and it took 1.5 years to get back to the old high. INQQ finished 2 of its 3 full calendar years with a gain; the best year was 2023 (+31.4%) and the worst 2025 (−7.1%). Volatility has been 19.1% a year.
Related: INQQ chart, INQQ dividends. See the INQQ overview for the latest quote and fund facts.
INQQ performance FAQ
What is the INQQ return over the past year?
INQQ returned −21.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 23.4%.
How much would $10,000 invested in INQQ be worth?
$10,000 invested in INQQ at its first recorded close on April 1, 2022 would be worth about $8,060 on October 23, 2026 with distributions reinvested.
What was the worst year for INQQ?
The worst calendar year was 2025, with a total return of −7.1%. The best was 2023 at +31.4%.
What is the biggest drawdown of INQQ?
The largest peak-to-trough decline was −40.8% between April 5, 2022 and March 28, 2023. It recovered to the old high on September 9, 2024, 1.5 years after the bottom.
How volatile is INQQ?
Over the past 3 years INQQ had an annualized volatility of 17.8% and a Sharpe ratio of -0.04 (excess return over 1–3 month T-bills per unit of risk).