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Nifty India Financials ETF (INDF)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

Inception Date
Oct 20, 2020
Region
North America (U.S.)
Leveraged
1x (No leverage)
Index Tracked
Nifty Financial Services 25/50 Index
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Multi-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Nifty India Financials ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period


Nifty India Financials ETF

1D
1M
YTD
6M
1Y
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025-2.45%-1.75%9.75%4.92%0.96%3.04%-5.24%-0.57%8.17%
2024-1.09%0.14%1.82%3.24%-0.57%6.83%2.51%-0.15%2.10%-3.93%-0.04%-4.22%6.32%
2023-2.39%-2.71%1.21%5.82%2.43%6.08%1.64%-2.94%0.67%-1.74%5.83%5.02%19.86%
20223.58%-6.96%-0.91%-2.70%-3.14%-6.44%13.00%0.48%-4.92%2.21%6.09%-3.90%-5.28%
2021-3.31%8.01%-0.07%-3.62%8.94%-0.33%-0.15%8.82%-1.43%2.26%-5.69%-0.77%11.95%
2020-4.81%20.99%7.64%23.97%

Benchmark Metrics

Nifty India Financials ETF has an annualized alpha of 5.96%, beta of 0.58, and R² of 0.26 versus S&P 500 Index. Calculated based on daily prices since October 22, 2020.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (58.97%) than losses (48.86%) — typical of diversified or defensive assets.
  • Beta of 0.58 may look defensive, but with R² of 0.26 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R² of 0.26 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
5.96%
Beta
0.58
0.26
Upside Capture
58.97%
Downside Capture
48.86%

Expense Ratio

INDF has an expense ratio of 0.75%, placing it in the medium range.


Return for Risk

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Nifty India Financials ETF (INDF) and compare them to a chosen benchmark (S&P 500 Index).


Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Dividends

Dividend History

Nifty India Financials ETF provided a 21.29% dividend yield over the last twelve months, with an annual payout of $6.65 per share.


2.00%4.00%6.00%8.00%$0.00$0.50$1.00$1.50$2.00$2.50$3.00$3.502021202220232024
Dividends
Dividend Yield
PeriodTTM2024202320222021
Dividend$6.65$2.16$3.09$0.99$0.55

Dividend yield

21.29%6.15%8.84%3.12%1.58%

Monthly Dividends

The table displays the monthly dividend distributions for Nifty India Financials ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$6.65$6.65
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.16$2.16
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.09$3.09
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.99$0.99
2021$0.55$0.55

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Nifty India Financials ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Nifty India Financials ETF was 25.58%, occurring on Jun 16, 2022. Recovery took 368 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-25.58%Nov 9, 2021152Jun 16, 2022368Dec 4, 2023520
-15.32%Feb 17, 202138Apr 12, 202180Aug 4, 2021118
-14.97%Sep 27, 2024106Mar 3, 202535Apr 22, 2025141
-7.96%Jan 13, 202110Jan 27, 20214Feb 2, 202114
-7.77%Jun 4, 20241Jun 4, 202410Jun 18, 202411

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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