Global X India Nifty 50 ETF (NDIA.AX)

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Global X India Nifty 50 ETF (NDIA.AX) is down 16.2% since the beginning of the year. NDIA.AX is currently trading at A$60 per share. Investors who bought A$1,000 worth of NDIA.AX shares 5 years ago would now be looking at an investment worth A$1,189.

Global X India Nifty 50 ETF (NDIA.AX) has returned -16.20% so far this year and -19.09% over the past 12 months.

Based on dividend-adjusted daily data since Jun 19, 2019, NDIA.AX's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.

Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +10.5%, while the worst month was Mar 2020 at -25.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, NDIA.AX closed higher 48% of trading days. The best single day was Mar 27, 2020 with a return of +15.5%, while the worst single day was Mar 13, 2020 at -10.5%.

Global X India Nifty 50 ETF has an annualized alpha of 7.31%, beta of -0.05, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since June 19, 2019.

• This ETF participated in 67.01% of S&P 500 Index downside but only 41.87% of its upside - more exposed to losses than it benefited from rallies.
• Beta of -0.05 may look defensive, but with R2 of 0.00 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 0.00 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.

NDIA.AX ranks 1 for risk / return — in the bottom 1% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Global X India Nifty 50 ETF provided a 2.14% dividend yield over the last twelve months, with an annual payout of A$1.28 per share.

The table displays the monthly dividend distributions for Global X India Nifty 50 ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Global X India Nifty 50 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 Global X India Nifty 50 ETF was 33.23%, occurring on Mar 25, 2020. Recovery took 217 trading sessions.

The current Global X India Nifty 50 ETF drawdown is 21.81%.

The chart below shows the rolling one-month volatility.