INCO vs INDA
Columbia India Consumer ETF vs iShares MSCI India ETF
Which is better, INCO or INDA?
INCO has been ahead.
INDA has a lower expense ratio. INCO led over 1Y, 3Y, 5Y and the full window. INDA is less concentrated, with 34.0% of the fund in its ten largest positions against 48.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | INCO | INDA |
|---|---|---|
| Expense Ratio | 0.75% | 0.61%Best |
| AUM | $207M | $5.8B |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 65 | 171 |
| YTD Return | -10.86%Best | -13.78% |
| 1Y Return | -10.18%Best | -10.88% |
| 3Y Return (annualized) | +4.40%Best | +1.92% |
| 5Y Return (annualized) | +3.59%Best | +0.04% |
| Volatility (annualized) | 20.4% | 20.0%Best |
| Max Drawdown | -47.7% | -45.1%Best |
| $10,000 over 5 years | $11,929Best | $10,020 |
| Top 10 Weight | 48.3% | 34.0%Best |
| Fund Family | Columbia Threadneedle Investments | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Aug 10, 2011 | Feb 2, 2012 |
Volatility and max drawdown are measured over the window both funds cover: Feb 3, 2012 to Oct 14, 2026 (14.7 years).
INCO vs INDA growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 14.7 years both funds cover.
INCO vs INDA Performance
Columbia India Consumer ETF (INCO) is an ETF from Columbia Threadneedle Investments and iShares MSCI India ETF (INDA) is an ETF from iShares by BlackRock (US). Over the past year INCO returned -10.18% while INDA returned -10.88%. Year to date, INCO is down 10.86% versus a loss of 13.78% for INDA.
Over three years, INCO compounded at +4.40% per year against +1.92% for INDA; over five years the annualized figures are +3.59% and +0.04% respectively. Across the full 15-year window we track, INCO has the edge at +9.46% annualized vs +4.95%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
INCO has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 20.0% for INDA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -47.7% for INCO and -45.1% for INDA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
INCO charges 0.75% per year while INDA charges 0.61%. On a $10,000 position that is $75 vs $61 annually, a gap of $14 per year that compounds over a long holding period. On income, INCO currently yields 0.00% against 0.00% for INDA.
Holdings Overlap
32.9% of INCO's money is in holdings INDA also owns. 5.1% of INDA's money is in holdings INCO also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 30 positions we hold weights for in INCO and 166 in INDA, against full books of 65 and 171.
Top Shared Holdings
| Stock | Weight in INCO | Weight in INDA | Difference |
|---|---|---|---|
| BAJA:MBBajaj Auto Ltd | 5.09% | 0.54% | 4.55% |
| EICHERMOT:MBEicher Motors Ltd | 4.51% | 0.76% | 3.75% |
| MARUTI:MBMaruti Suzuki India Ltd | 4.00% | 1.07% | 2.93% |
| ITC:MBItc Ltd | 4.11% | 0.62% | 3.49% |
| INDHOTEL:MBIndian Hotels Co Ltd/the | 3.31% | 0.47% | 2.84% |
| DMART:MBAvenue Supermarts, Ltd. | 3.03% | 0.45% | 2.58% |
| BRITANNIA:MBBritannia Industries Ltd | 3.04% | 0.41% | 2.63% |
| VBL:MBVarun Beverages Ltd | 3.01% | 0.43% | 2.58% |
| LENS:MBLenskart Solutions Pvt Ltd P/P | 2.83% | 0.36% | 2.47% |
32.9% of INCO is already inside INDA.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, INCO or INDA?
INCO has an expense ratio of 0.75% while INDA charges 0.61%. INDA is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, INCO or INDA?
Over the past year INCO returned -10.18% vs -10.88% for INDA, so INCO leads on 1-year performance. Over the longest common window we track (15 years), INCO annualized +9.46% vs +4.95% for INDA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, INCO or INDA?
INCO has been the more volatile fund at 20.4% annualized versus 20.0% for INDA. Worst drawdown: INCO -47.7% vs INDA -45.1%.
Should I hold both INCO and INDA?
INCO and INDA have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between INCO and INDA?
32.9% of INCO's money is in holdings INDA also owns. 5.1% of INDA's is in holdings INCO also owns. They hold 9 positions in common, counted across the 30 positions we hold weights for in INCO and 166 in INDA.
Which pays a higher dividend, INCO or INDA?
INCO yields 0.00% while INDA yields 0.00%, so INDA currently pays the higher dividend yield.
Is INDA better than INCO?
INDA has a lower expense ratio. INCO led over 1Y, 3Y, 5Y and the full window. INDA is less concentrated, with 34.0% of the fund in its ten largest positions against 48.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.