INDY vs SPY
Comparison between ISHARES INDIA 50 ETF (INDY, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed INDY, delivering a return of +13.3% compared to +1.2%
INDY vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
INDY
$586M
Winner
SPY
$735B
Expense Ratio
INDY
0.65%
Winner
SPY
0.09%
Max Drawdown
Winner
INDY
45.53%
SPY
56.47%
Sharpe Ratio
INDY
-1.29
Winner
SPY
1.62
5Y Beta
Winner
INDY
0.43
SPY
1.00
P/E Ratio
INDY
N/A
SPY
28.99
Forward P/E
INDY
N/A
SPY
22.37
5Y Dividends CAGR
Winner
INDY
162.33%
SPY
5.43%
5Y EPS CAGR
INDY
N/A
SPY
26.05%
Debt to Equity
INDY
N/A
SPY
32.40%
P/S Ratio
INDY
N/A
SPY
3.74
P/B Ratio
INDY
N/A
SPY
5.61
INDY vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
INDY
-3.83%
Winner
SPY
+1.90%
3M
INDY
-8.59%
Winner
SPY
+8.55%
6M
INDY
-15.01%
Winner
SPY
+8.18%
1Y
INDY
-14.99%
Winner
SPY
+25.79%
5Y(CAGR)
INDY
+1.16%
Winner
SPY
+13.32%
10Y(CAGR)
INDY
+6.15%
Winner
SPY
+15.19%
Max(CAGR)
INDY
+4.72%
Winner
SPY
+8.47%
INDY vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | INDY | SPY |
|---|---|---|
| 2026 | -15.74% | +8.26% |
| 2025 | +3.47% | +18.00% |
| 2024 | +3.68% | +25.59% |
| 2023 | +16.36% | +26.72% |
| 2022 | -8.89% | -18.64% |
| 2021 | +19.01% | +30.52% |
| 2020 | +8.75% | +17.28% |
| 2019 | +10.72% | +31.09% |
| 2018 | -4.43% | -5.24% |
| 2017 | +35.75% | +20.78% |
| 2016 | +3.00% | +13.59% |
| 2015 | -10.08% | +1.31% |
| 2014 | +33.54% | +14.56% |
| 2013 | -7.78% | +29.00% |
| 2012 | +20.83% | +14.17% |
| 2011 | -37.32% | +0.85% |
| 2010 | +20.53% | +13.14% |
| 2009 | +1.93% | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
INDY vs SPY Drawdown Comparison
The maximum drawdown for INDY was -44.74%, occurring on Aug 28, 2013. Recovery took 1056 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current INDY drawdown is -21.00%. The current SPY drawdown is -2.90%.
| Rank | INDY | SPY |
|---|---|---|
| #1 | -44.74% Nov 5, 2010 - Jan 20, 2015 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -43.50% Jan 13, 2020 - Nov 24, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -29.92% Jan 29, 2015 - Apr 26, 2017 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -22.37% Sep 26, 2024 - Mar 30, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -20.10% Jan 26, 2018 - May 31, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -20.00% Jan 12, 2022 - Dec 14, 2023 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -15.96% May 10, 2010 - Sep 10, 2010 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -13.85% Jan 7, 2010 - Mar 26, 2010 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -13.83% Jun 3, 2019 - Jan 13, 2020 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -12.00% Apr 5, 2010 - May 10, 2010 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.51% Mar 11, 2021 - Jun 1, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -9.79% Oct 15, 2021 - Jan 12, 2022 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.20% Aug 1, 2017 - Oct 31, 2017 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.36% Jan 20, 2021 - Feb 2, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.57% Jun 3, 2024 - Jun 17, 2024 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between INDY and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (1999 - 2026)
INDY vs SPY dividend yield comparison.
| Year | INDY | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 8.11% | 1.07% |
| 2024 | 0.24% | 1.21% |
| 2023 | 0.38% | 1.40% |
| 2022 | 3.75% | 1.65% |
| 2021 | 7.12% | 1.20% |
| 2020 | 0.08% | 1.52% |
| 2019 | 0.58% | 1.75% |
| 2018 | 0.55% | 2.04% |
| 2017 | 0.27% | 1.80% |
| 2016 | 0.48% | 2.03% |
| 2015 | 0.57% | 2.06% |
| 2014 | 0.52% | 1.87% |
| 2013 | 0.76% | 1.81% |
| 2012 | 0.39% | 2.18% |
| 2011 | 0.65% | 2.05% |
| 2010 | 0.39% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
Select Stocks to Compare
Popular: INDY vs SPY
More Comparisons
Compare with similar stocks
Compare INDY with:
Compare SPY with:
Popular suggestions:
SPY vs VOO
SPDR S&P 500 ETF Trust vs VANGUARD 500 INDEX FUND ETF SHARES
SPY vs BRK-B
SPDR S&P 500 ETF Trust vs Berkshire Hathaway Inc - Class B
SPY vs SCHD
SPDR S&P 500 ETF Trust vs SCHWAB U.S. DIVIDEND EQUITY ETF
INDY vs NFTY
ISHARES INDIA 50 ETF vs FIRST TRUST INDIA NIFTY 50 EQUAL WEIGHT ETF
SPY vs GLD
SPDR S&P 500 ETF Trust vs SPDR Gold Shares ETF
SPY vs SPYG
SPDR S&P 500 ETF Trust vs STATE STREET(R) SPDR(R) PORTFOLIO S&P 500(R) GROWTH ETF