^NIFTY500 vs. EPI

Last updated Apr 2, 2026

Compare and contrast key facts about Nifty 500 (^NIFTY500) and WisdomTree India Earnings Fund (EPI).

EPI is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree India Earnings Index. It was launched on Feb 22, 2008.

Performance

^NIFTY500 vs. EPI - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Nifty 500 (^NIFTY500) and WisdomTree India Earnings Fund (EPI). The values are adjusted to include any dividend payments, if applicable.

^NIFTY500 vs. EPI - 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%
EPI WisdomTree India Earnings Fund	-8.64%	7.15%	14.06%	26.90%	5.49%	28.93%	21.53%	4.11%	-1.72%	30.50%

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 -12.30% return, which is significantly lower than EPI's -8.64% return. Both investments have delivered pretty close results over the past 10 years, with ^NIFTY500 having a 12.50% annualized return and EPI not far ahead at 12.87%.

^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%

EPI

• 1D: -0.34%
• 1M: -6.14%
• YTD: -8.64%
• 6M: -3.61%
• 1Y: 1.89%
• 3Y*: 13.78%
• 5Y*: 11.88%
• 10Y*: 12.87%

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

Return for Risk

^NIFTY500 vs. EPI — 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

EPI

EPI Risk / Return Rank: 5
EPI Sharpe Ratio Rank: 5
EPI Sortino Ratio Rank: 5
EPI Omega Ratio Rank: 5
EPI Calmar Ratio Rank: 6
EPI Martin Ratio Rank: 2

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. 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 ratio Return per unit of total volatility	-0.05	0.14	-0.19
Sortino ratio Return per unit of downside risk	0.04	0.30	-0.26
Omega ratio Gain probability vs. loss probability	1.00	1.04	-0.03
Calmar ratio Return relative to maximum drawdown	-0.19	0.14	-0.33
Martin ratio Return relative to average drawdown	-0.77	0.50	-1.27
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. EPI - Sharpe Ratio Comparison

The current ^NIFTY500 Sharpe Ratio is -0.05, which is lower than the EPI Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of ^NIFTY500 and EPI, 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	EPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	0.14	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.84	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.72	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.35	+0.20

Correlation

The correlation between ^NIFTY500 and EPI is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

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.

Drawdown Indicators

	^NIFTY500	EPI	Difference
Max Drawdown Largest peak-to-trough decline	-68.02%	-66.21%	-1.81%
Max Drawdown (1Y) Largest decline over 1 year	-14.82%	-16.88%	+2.06%
Max Drawdown (5Y) Largest decline over 5 years	-18.84%	-21.89%	+3.05%
Max Drawdown (10Y) Largest decline over 10 years	-38.30%	-50.29%	+11.99%
Current Drawdown Current decline from peak	-14.54%	-19.56%	+5.02%
Average Drawdown Average peak-to-trough decline	-21.66%	-18.68%	-2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	5.45%	-1.83%

Volatility

^NIFTY500 vs. EPI - Volatility Comparison

Nifty 500 (^NIFTY500) has a higher volatility of 7.99% compared to WisdomTree India Earnings Fund (EPI) at 5.13%. This indicates that ^NIFTY500's price experiences larger fluctuations and is considered to be riskier than EPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^NIFTY500	EPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.99%	5.13%	+2.86%
Volatility (6M) Calculated over the trailing 6-month period	10.81%	9.43%	+1.38%
Volatility (1Y) Calculated over the trailing 1-year period	14.62%	13.53%	+1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.36%	14.30%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.13%	17.81%	-1.68%