^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.
Key characteristics
| ^NIFTY500 | ^GSPC | |
|---|---|---|
| YTD Return | 23.16% | 17.95% |
| 1Y Return | 35.93% | 24.88% |
| 3Y Return (Ann) | 17.22% | 8.21% |
| 5Y Return (Ann) | 21.69% | 13.37% |
| 10Y Return (Ann) | 14.37% | 10.92% |
| Sharpe Ratio | 2.52 | 2.03 |
| Daily Std Dev | 14.15% | 12.77% |
| Max Drawdown | -68.02% | -56.78% |
| Current Drawdown | 0.00% | -0.73% |
Correlation
The correlation between ^NIFTY500 and ^GSPC is 0.23, 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
In the year-to-date period, ^NIFTY500 achieves a 23.16% return, which is significantly higher than ^GSPC's 17.95% return. Over the past 10 years, ^NIFTY500 has outperformed ^GSPC with an annualized return of 14.37%, while ^GSPC has yielded a comparatively lower 10.92% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^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.
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.
Volatility
^NIFTY500 vs. ^GSPC - Volatility Comparison
The current volatility for Nifty 500 (^NIFTY500) is 2.79%, while S&P 500 (^GSPC) has a volatility of 4.09%. This indicates that ^NIFTY500 experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.