^NIFTY500 vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Nifty 500 (^NIFTY500) and S&P 500 Index (^GSPC).

Performance

^NIFTY500 vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Nifty 500 (^NIFTY500) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

^NIFTY500 vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^NIFTY500 Nifty 500	-12.30%	6.69%	15.16%	25.76%	4.09%	28.86%	16.67%	7.66%	-3.38%	35.91%
^GSPC S&P 500 Index	-0.36%	21.96%	27.04%	25.09%	-10.78%	29.42%	19.18%	32.15%	2.25%	12.00%

Different Trading Currencies

^NIFTY500 is traded in INR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to INR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ^NIFTY500 achieves a -12.30% return, which is significantly lower than ^GSPC's -0.36% return. Over the past 10 years, ^NIFTY500 has underperformed ^GSPC with an annualized return of 12.50%, while ^GSPC has yielded a comparatively higher 16.12% annualized return.

^NIFTY500

• 1D: 1.98%
• 1M: -8.32%
• YTD: -12.30%
• 6M: -8.69%
• 1Y: -0.64%
• 3Y*: 12.87%
• 5Y*: 10.90%
• 10Y*: 12.50%

^GSPC

• 1D: 0.45%
• 1M: -2.73%
• YTD: -0.36%
• 6M: 2.99%
• 1Y: 26.90%
• 3Y*: 21.98%
• 5Y*: 15.70%
• 10Y*: 16.12%

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

Return for Risk

^NIFTY500 vs. ^GSPC — Risk / Return Rank

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

^NIFTY500

^NIFTY500 Risk / Return Rank: 10
^NIFTY500 Sharpe Ratio Rank: 12
^NIFTY500 Sortino Ratio Rank: 12
^NIFTY500 Omega Ratio Rank: 12
^NIFTY500 Calmar Ratio Rank: 9
^NIFTY500 Martin Ratio Rank: 7

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

^NIFTY500 vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nifty 500 (^NIFTY500) and S&P 500 Index (^GSPC). 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.

	^NIFTY500	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.05	1.49	-1.53
Sortino ratio Return per unit of downside risk	0.04	2.12	-2.09
Omega ratio Gain probability vs. loss probability	1.00	1.33	-0.32
Calmar ratio Return relative to maximum drawdown	-0.19	2.48	-2.67
Martin ratio Return relative to average drawdown	-0.77	11.29	-12.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^NIFTY500 vs. ^GSPC - Sharpe Ratio Comparison

The current ^NIFTY500 Sharpe Ratio is -0.05, which is lower than the ^GSPC Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of ^NIFTY500 and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^NIFTY500	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	1.49	-1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.98	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.95	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.67	-0.12

Correlation

The correlation between ^NIFTY500 and ^GSPC is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

^NIFTY500 vs. ^GSPC - Drawdown Comparison

The maximum ^NIFTY500 drawdown since its inception was -68.02%, which is greater than ^GSPC's maximum drawdown of -43.99%. Use the drawdown chart below to compare losses from any high point for ^NIFTY500 and ^GSPC.

Drawdown Indicators

	^NIFTY500	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-68.02%	-56.78%	-11.24%
Max Drawdown (1Y) Largest decline over 1 year	-14.82%	-12.14%	-2.68%
Max Drawdown (5Y) Largest decline over 5 years	-18.84%	-25.43%	+6.59%
Max Drawdown (10Y) Largest decline over 10 years	-38.30%	-33.92%	-4.38%
Current Drawdown Current decline from peak	-14.54%	-5.78%	-8.76%
Average Drawdown Average peak-to-trough decline	-21.66%	-10.75%	-10.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	2.60%	+1.02%

Volatility

^NIFTY500 vs. ^GSPC - Volatility Comparison

Nifty 500 (^NIFTY500) has a higher volatility of 7.99% compared to S&P 500 Index (^GSPC) at 4.14%. This indicates that ^NIFTY500's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^NIFTY500	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.99%	4.14%	+3.85%
Volatility (6M) Calculated over the trailing 6-month period	10.81%	9.34%	+1.47%
Volatility (1Y) Calculated over the trailing 1-year period	14.62%	18.16%	-3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.36%	16.11%	-1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.13%	17.08%	-0.95%