^NIFTY200 vs. VV

Last updated Jun 5, 2026

^NIFTY200 (NIFTY 200) is an index, while VV (Vanguard Large-Cap ETF) is Large Cap Blend Equities fund tracking the CRSP US Large Cap Index. Over the past 10 years, ^NIFTY200 returned 12.20%/yr vs 19.77%/yr for VV. At a 0.09 correlation, their price movements are largely independent.

Performance

^NIFTY200 vs. VV - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in NIFTY 200 (^NIFTY200) and Vanguard Large-Cap ETF (VV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

^NIFTY200 is traded in INR, while VV is traded in USD. To make them comparable, the VV values have been converted to INR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ^NIFTY200 achieves a -6.77% return, which is significantly lower than VV's 18.51% return. Over the past 10 years, ^NIFTY200 has underperformed VV with an annualized return of 12.20%, while VV has yielded a comparatively higher 19.77% annualized return.

^NIFTY200

• 1D: 0.16%
• 1M: -1.59%
• YTD: -6.77%
• 6M: -6.34%
• 1Y: -1.61%
• 3Y*: 11.52%
• 5Y*: 10.29%
• 10Y*: 12.20%

VV

• 1D: 0.51%
• 1M: 5.49%
• YTD: 18.51%
• 6M: 18.39%
• 1Y: 43.15%
• 3Y*: 29.22%
• 5Y*: 19.98%
• 10Y*: 19.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

^NIFTY200 vs. VV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^NIFTY200 NIFTY 200	-6.77%	8.40%	13.63%	23.49%	3.65%	27.47%	15.62%	8.68%	-1.01%	33.43%
VV Vanguard Large-Cap ETF	18.51%	23.76%	29.05%	28.06%	-11.30%	29.95%	24.08%	34.58%	4.19%	14.43%

Correlation

The correlation between ^NIFTY200 and VV is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 4, 2007	0.09

The correlation between ^NIFTY200 and VV shifts across timeframes, from 0.02 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

^NIFTY200 vs. VV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^NIFTY200

^NIFTY200 Risk / Return Rank: 7
^NIFTY200 Sharpe Ratio Rank: 7
^NIFTY200 Sortino Ratio Rank: 6
^NIFTY200 Omega Ratio Rank: 6
^NIFTY200 Calmar Ratio Rank: 9
^NIFTY200 Martin Ratio Rank: 8

VV

VV Risk / Return Rank: 71
VV Sharpe Ratio Rank: 74
VV Sortino Ratio Rank: 73
VV Omega Ratio Rank: 72
VV Calmar Ratio Rank: 63
VV Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^NIFTY200 vs. VV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NIFTY 200 (^NIFTY200) and Vanguard Large-Cap ETF (VV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	^NIFTY200	VV	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	3.70	-3.82
Sortino ratio: Return per unit of downside risk	-0.07	4.90	-4.97
Omega ratio: Gain probability vs. loss probability	0.99	1.67	-0.68
Calmar ratio: Return relative to maximum drawdown	-0.11	6.35	-6.46
Martin ratio: Return relative to average drawdown	-0.35	24.40	-24.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^NIFTY200 vs. VV - Sharpe Ratio Comparison

The current ^NIFTY200 Sharpe Ratio is -0.12, which is lower than the VV Sharpe Ratio of 3.70. The chart below compares the historical Sharpe Ratios of ^NIFTY200 and VV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	^NIFTY200	VV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.12	3.70	-3.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	1.22	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	1.15	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.85	-0.26

Drawdowns

^NIFTY200 vs. VV - Drawdown Comparison

The maximum ^NIFTY200 drawdown since its inception was -64.04%, which is greater than VV's maximum drawdown of -41.01%. Use the drawdown chart below to compare losses from any high point for ^NIFTY200 and VV.

Drawdown Indicators

	^NIFTY200	VV	Difference
Max Drawdown Largest peak-to-trough decline	-64.04%	-41.01%	-23.03%
Max Drawdown (1Y) Largest decline over 1 year	-14.89%	-6.83%	-8.06%
Max Drawdown (3Y) Largest decline over 3 years	-18.08%	-19.37%	+1.29%
Max Drawdown (5Y) Largest decline over 5 years	-18.15%	-21.36%	+3.21%
Max Drawdown (10Y) Largest decline over 10 years	-38.22%	-28.86%	-9.36%
Current Drawdown Current decline from peak	-8.38%	0.00%	-8.38%
Average Drawdown Average peak-to-trough decline	-10.96%	-5.13%	-5.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.62%	1.77%	+2.85%

Volatility

^NIFTY200 vs. VV - Volatility Comparison

NIFTY 200 (^NIFTY200) has a higher volatility of 4.01% compared to Vanguard Large-Cap ETF (VV) at 2.77%. This indicates that ^NIFTY200's price experiences larger fluctuations and is considered to be riskier than VV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^NIFTY200	VV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	2.77%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	12.10%	8.53%	+3.57%
Volatility (1Y) Calculated over the trailing 1-year period	13.72%	11.72%	+2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.32%	16.42%	-2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.28%	17.22%	-0.94%

Frequently Asked Questions

Can I hold both ^NIFTY200 and VV in my portfolio?

^NIFTY200 and VV have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^NIFTY200 or VV?

^NIFTY200 has higher volatility (4.01%) compared to VV (2.77%). In terms of maximum drawdown, ^NIFTY200 dropped -64.04% vs VV's -41.01%.

Which has better risk-adjusted returns?

VV currently has the higher Sharpe Ratio (3.70 vs -0.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.