^NIFTY500 vs. ^GSPC
Compare and contrast key facts about Nifty 500 (^NIFTY500) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NIFTY500 or ^GSPC.
Correlation
The correlation between ^NIFTY500 and ^GSPC is 0.13, 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.
Performance
^NIFTY500 vs. ^GSPC - Performance Comparison
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Key characteristics
^NIFTY500:
0.42
^GSPC:
0.50
^NIFTY500:
0.56
^GSPC:
0.86
^NIFTY500:
1.08
^GSPC:
1.13
^NIFTY500:
0.31
^GSPC:
0.54
^NIFTY500:
0.66
^GSPC:
2.05
^NIFTY500:
8.77%
^GSPC:
4.97%
^NIFTY500:
16.96%
^GSPC:
19.69%
^NIFTY500:
-68.02%
^GSPC:
-56.78%
^NIFTY500:
-7.21%
^GSPC:
-4.88%
Returns By Period
In the year-to-date period, ^NIFTY500 achieves a 1.59% return, which is significantly higher than ^GSPC's -0.63% return. Over the past 10 years, ^NIFTY500 has outperformed ^GSPC with an annualized return of 12.56%, while ^GSPC has yielded a comparatively lower 10.64% annualized return.
^NIFTY500
1.59%
3.29%
3.30%
7.28%
17.83%
25.11%
12.56%
^GSPC
-0.63%
13.31%
-1.23%
9.83%
14.42%
14.61%
10.64%
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Risk-Adjusted Performance
^NIFTY500 vs. ^GSPC — Risk-Adjusted Performance Rank
^NIFTY500
^GSPC
^NIFTY500 vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nifty 500 (^NIFTY500) and S&P 500 (^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.
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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 -56.78%. Use the drawdown chart below to compare losses from any high point for ^NIFTY500 and ^GSPC. For additional features, visit the drawdowns tool.
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Volatility
^NIFTY500 vs. ^GSPC - Volatility Comparison
Nifty 500 (^NIFTY500) has a higher volatility of 5.30% compared to S&P 500 (^GSPC) at 4.72%. 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.
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