^NIFTY500 vs. EPI
^NIFTY500 (Nifty 500) is an index, while EPI (WisdomTree India Earnings Fund) is Asia Pacific Equities fund tracking the WisdomTree India Earnings Index. Over the past 10 years, ^NIFTY500 returned 12.61%/yr vs 12.94%/yr for EPI. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
^NIFTY500 vs. EPI - Performance Comparison
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Different Trading Currencies
^NIFTY500 is traded in INR, while EPI is traded in USD. To make them comparable, the EPI values have been converted to INR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^NIFTY500 achieves a -5.95% return, which is significantly lower than EPI's -4.15% return. Both investments have delivered pretty close results over the past 10 years, with ^NIFTY500 having a 12.61% annualized return and EPI not far ahead at 12.94%.
^NIFTY500
- 1D
- -0.31%
- 1M
- -1.66%
- YTD
- -5.95%
- 6M
- -5.33%
- 1Y
- -1.14%
- 3Y*
- 12.40%
- 5Y*
- 10.88%
- 10Y*
- 12.61%
EPI
- 1D
- -1.25%
- 1M
- -2.07%
- YTD
- -4.15%
- 6M
- -2.46%
- 1Y
- 1.04%
- 3Y*
- 13.11%
- 5Y*
- 11.23%
- 10Y*
- 12.94%
^NIFTY500 vs. EPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^NIFTY500 Nifty 500 | -5.95% | 6.69% | 15.16% | 25.76% | 4.09% | 28.86% | 16.67% | 7.66% | -3.38% | 35.91% |
EPI WisdomTree India Earnings Fund | -4.15% | 7.15% | 14.06% | 26.90% | 5.49% | 28.93% | 21.53% | 4.11% | -1.72% | 30.50% |
Correlation
The correlation between ^NIFTY500 and EPI is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2008 | 0.61 |
The correlation between ^NIFTY500 and EPI shifts across timeframes, from 0.49 (1 year) to 0.65 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
^NIFTY500 vs. EPI — Risk / Return Rank
^NIFTY500
EPI
^NIFTY500 vs. EPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nifty 500 (^NIFTY500) and WisdomTree India Earnings Fund (EPI). 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 | EPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.02 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.09 | -0.17 |
| Martin ratioReturn relative to average drawdown | -0.26 | 0.29 | -0.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^NIFTY500 | EPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 0.08 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.79 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.73 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.36 | +0.20 |
Drawdowns
^NIFTY500 vs. EPI - Drawdown Comparison
The maximum ^NIFTY500 drawdown since its inception was -68.02%, which is greater than EPI's maximum drawdown of -57.52%. Use the drawdown chart below to compare losses from any high point for ^NIFTY500 and EPI.
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Drawdown Indicators
| ^NIFTY500 | EPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.02% | -57.52% | -10.50% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -11.35% | -3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -18.84% | -17.35% | -1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -17.35% | -1.49% |
Max Drawdown (10Y)Largest decline over 10 years | -38.30% | -40.90% | +2.60% |
Current DrawdownCurrent decline from peak | -8.35% | -6.07% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -21.59% | -10.02% | -11.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 3.62% | +0.84% |
Volatility
^NIFTY500 vs. EPI - Volatility Comparison
The current volatility for Nifty 500 (^NIFTY500) is 4.00%, while WisdomTree India Earnings Fund (EPI) has a volatility of 4.48%. This indicates that ^NIFTY500 experiences smaller price fluctuations and is considered to be less risky than EPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^NIFTY500 | EPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 4.48% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 12.24% | 10.83% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 12.41% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.37% | 14.25% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.18% | 17.80% | -1.62% |
Frequently Asked Questions
^NIFTY500 and EPI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPI has higher volatility (4.48%) compared to ^NIFTY500 (4.00%). In terms of maximum drawdown, ^NIFTY500 dropped -68.02% vs EPI's -57.52%.
EPI currently has the higher Sharpe Ratio (0.08 vs -0.08), 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.
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