INDY — iShares India 50 ETF

INDY Price Performance — Growth of $10,000

Value of a $10,000 investment in INDY over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

INDY Drawdown

The "underwater" chart: INDY's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares India 50 ETF, identified by the ticker INDY, operates within the Single Country - Emerging category managed by issuer iShares. This fund tracks 22 other ETFs in its specific category and currently holds an overall rank of #451 out of 458 tracked ETFs across all sectors. It has received an ETFValuer grade of F with a score of 29.9 out of 100, reflecting its current standing. The fund carries an expense ratio of 0.65% and offers a dividend yield of 0.85%. With assets under management totaling $558 million and a share price of $42.05, the fund's size suggests a moderate level of investor adoption relative to the broader market. These metrics collectively define the fund's cost structure, income potential, and market position within the iShares lineup.

Recent performance data shows a negative trajectory across nearly all measured timeframes, starting with a 1-day return of -1.13% and a 1-week decline of -2.10%. The downward trend continues through the 1-month period at -2.44% and extends to a 3-month return of -4.71%. Over the half-year mark, the fund recorded a loss of -10.25%, while year-to-date returns have fallen to -14.82%. The 1-year return stands at -14.24%, indicating sustained negative momentum over the past twelve months. However, the 3-year return shows a slight positive divergence at +0.04%, suggesting a minor recovery or stabilization over the longer horizon despite recent losses.

The fund is classified with a Low volatility label, yet it exhibits a beta of 0.52, indicating it moves less than the broader market in terms of price sensitivity. Despite this lower beta, the fund has experienced a maximum drawdown of -22.40%, reflecting significant potential for capital loss during downturns. The Sharpe ratio of -1.32 signals that the fund has generated negative risk-adjusted returns over the measured period. This combination of a low volatility label, a beta below one, a deep maximum drawdown, and a negative Sharpe ratio implies that while the fund may not swing wildly in absolute terms, it has failed to provide adequate compensation for the losses incurred during market declines.

AI-generated summary based on the data on this page.

INDY Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 54.8% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how INDY's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With INDY

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with INDY's top 10 — INDA overlaps most, holding 6 of the same companies as INDY's top 10 (40.7% of INDY's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

INDY Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.73% and average daily volume is 126K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $558M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: INDY is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

INDY Performance History

How INDY Compares to Other Single Country - Emerging ETFs