iShares MSCI India ETF • Robinhood Token vs SP500 xStock

SP500 xStock (SPYX) is 754.0× the size of iShares MSCI India ETF • Robinhood Token (INDA) by market capitalisation. Over the past 30 days, INDA is ahead by 5.0 percentage points (INDA +6.0% against SPYX +1.0%). Their daily returns move barely in opposite directions (correlation -0.11 across 21 shared trading days). INDA has been the more volatile of the two, at 19% annualised against SPYX's 11%.

Correlation: -0.11
Size ratio: 1 : 754.0
Ahead over 30 days: INDA

iShares MSCI India ETF • Robinhood TokenINDA

$49.8200

24h: +1.87%
Market cap: $95,579
Volume 24h: $4,481
Volatility (ann.): 19%

SP500 xStockSPYX

$770.7700

24h: +1.03%
Market cap: $72.07M
Volume 24h: $8.39M
Volatility (ann.): 11%

INDA 0.1%Share of the two combined market caps99.9% SPYX

Performance

INDASPYX

7 days+5.33%-0.05%INDA
30 days+6.01%+1.05%INDA

Correlation

-0.11over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	INDA	SPYX
Max drawdown (400d)	-3.0%	-2.7%
Risk-adjusted return (90d)	0.33	0.01

Relative strength over 90 days: INDA outperformed SPYX by 2.9% — measured on the INDA/SPYX ratio, so it holds regardless of market direction.

iShares MSCI India ETF • Robinhood Token →SP500 xStock →