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 (INDY) is an iShares-managed fund within the Single Country - Emerging category, holding $498 million in assets. It carries an ETFValuer grade of F, reflecting a score of 30.4 out of 100, and ranks 20th out of 22 peers in its category. The fund’s expense ratio of 0.65% exceeds the category median of 0.59%, while its dividend yield of 9.89% significantly outpaces the median of 2.68%. Top holdings constitute 54.5% of assets, with HDFC BANK LIMITED representing the largest single position at 11.1%.

Price action has placed the ETF at 10.6% of its 52-week range, indicating a position near the lower end of recent trading levels. Short-term returns show declines across the 1D, 1W, 1M, and 3M horizons, with the 1-year return of -17.02% trailing the category median of +7.84%. In contrast, the 3-year return of +2.45% suggests a different long-term trajectory despite recent underperformance. The fund’s grade has remained unchanged at F over the last 35 tracked days, and price history is available for 3.0 years.

With a beta of 0.58, the fund has exhibited lower sensitivity to market movements compared to the broader index. Annualized volatility of 15.30% is classified as Moderate, while the maximum drawdown of -23.87% highlights significant historical downside risk. A Sharpe ratio of -1.44 indicates that risk-adjusted returns have been negative during the measured period. Liquidity is supported by an average daily volume of 93,565 shares, though the overall rank of 450 out of 458 tracked ETFs underscores its weak standing across all categories.

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

INDY Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 54.5% 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 8 of the same companies as INDY's top 10 (47.9% 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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

INDY Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 94K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $498M 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