^SSEC vs. INDF

Last updated Jun 3, 2026

^SSEC (Shanghai Composite) is an index, while INDF (Nifty India Financials ETF) is Financials Equities fund tracking the Nifty Financial Services 25/50 Index. At a 0.00 correlation, their price movements are largely independent.

Performance

^SSEC vs. INDF - Performance Comparison

The chart below illustrates the hypothetical performance of a CN¥10,000 investment in Shanghai Composite (^SSEC) and Nifty India Financials ETF (INDF). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

^SSEC is traded in CNY, while INDF is traded in USD. To make them comparable, the INDF values have been converted to CNY using the latest available exchange rates.

Returns By Period

^SSEC

• 1D: 0.43%
• 1M: -0.90%
• YTD: 2.68%
• 6M: 4.55%
• 1Y: 21.74%
• 3Y*: 8.05%
• 5Y*: 2.60%
• 10Y*: 3.32%

INDF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

^SSEC vs. INDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
^SSEC Shanghai Composite	2.68%	18.41%	12.67%	-3.70%	-15.13%	4.80%	4.45%
INDF Nifty India Financials ETF	0.00%	5.98%	9.33%	23.34%	2.84%	8.98%	21.62%

Correlation

The correlation between ^SSEC and INDF is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.00

Return for Risk

^SSEC vs. INDF — Risk / Return Rank

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

^SSEC

^SSEC Risk / Return Rank: 60
^SSEC Sharpe Ratio Rank: 60
^SSEC Sortino Ratio Rank: 58
^SSEC Omega Ratio Rank: 66
^SSEC Calmar Ratio Rank: 57
^SSEC Martin Ratio Rank: 59

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.

^SSEC vs. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shanghai Composite (^SSEC) and Nifty India Financials ETF (INDF). 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.

	^SSEC	INDF	Difference
Sharpe ratio Return per unit of total volatility	1.81	—	—
Sortino ratio Return per unit of downside risk	2.40	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	2.38	—	—
Martin ratio Return relative to average drawdown	8.86	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	^SSEC	INDF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	—	—

Drawdowns

Drawdown Indicators

	^SSEC	INDF	Difference
Max Drawdown Largest peak-to-trough decline	-78.27%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.83%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.27%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.77%	—	—
Current Drawdown Current decline from peak	-33.11%	—	—
Average Drawdown Average peak-to-trough decline	-39.93%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	—	—

Volatility

Volatility by Period

	^SSEC	INDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	—	—

Frequently Asked Questions

Can I hold both ^SSEC and INDF in my portfolio?

^SSEC and INDF have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.