AMOM vs. INDF

Last updated Jun 24, 2026

AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF) and INDF (Nifty India Financials ETF) are both exchange-traded funds - AMOM is a Momentum fund actively managed by Exchange Traded Concepts, while INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index. AMOM is actively managed, while INDF is passively managed. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

AMOM vs. INDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) and Nifty India Financials ETF (INDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMOM

• 1D: -4.33%
• 1M: 5.97%
• YTD: 26.78%
• 6M: 24.27%
• 1Y: 40.35%
• 3Y*: 26.54%
• 5Y*: 11.70%
• 10Y*: —

INDF

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

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

AMOM vs. INDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	26.78%	7.69%	35.79%	27.06%	-26.29%	13.08%	8.43%
INDF Nifty India Financials ETF	0.00%	8.17%	6.32%	19.86%	-5.28%	11.95%	24.44%

Correlation

The correlation between AMOM and INDF is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (All Time) Calculated using the full available price history since Oct 21, 2020	0.35

The correlation between AMOM and INDF shifts across timeframes, from -0.02 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.

AMOM vs. INDF - Sectors Allocation Comparison

Sectors	AMOM	INDF
Technology	50.2%	-
Industrials	21.9%	-
Energy	11.8%	-
Healthcare	7.7%	-
Communication Services	7.4%	-
Financial Services	6.2%	100.0%
Consumer Defensive	5.0%	-
Basic Materials	4.6%	-
Consumer Cyclical	3.0%	-
Real Estate	1.9%	-
Utilities	1.1%	-

Return for Risk

AMOM vs. INDF — Risk / Return Rank

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

AMOM

AMOM Risk / Return Rank: 55
AMOM Sharpe Ratio Rank: 52
AMOM Sortino Ratio Rank: 47
AMOM Omega Ratio Rank: 49
AMOM Calmar Ratio Rank: 65
AMOM Martin Ratio Rank: 62

INDF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

AMOM vs. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AMOM	INDF	Difference
Sharpe ratio: Return per unit of total volatility	1.67	—	—
Sortino ratio: Return per unit of downside risk	2.21	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	3.09	—	—
Martin ratio: Return relative to average drawdown	10.70	—	—

Drawdowns

Drawdown Indicators

	AMOM	INDF	Difference
Max Drawdown Largest peak-to-trough decline	-39.68%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.10%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-30.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.68%	—	—
Current Drawdown Current decline from peak	-4.33%	—	—
Average Drawdown Average peak-to-trough decline	-10.75%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	—	—

Volatility

Volatility by Period

	AMOM	INDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.29%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.26%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.22%	—	—

AMOM vs. INDF - Expense Ratio Comparison

Both AMOM and INDF have an expense ratio of 0.75%.

Dividends

AMOM vs. INDF - Dividend Comparison

AMOM's dividend yield for the trailing twelve months is around 0.07%, while INDF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	0.07%	0.09%	0.00%	0.47%	0.72%	0.74%	24.31%	5.51%
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMOM and INDF in my portfolio?

AMOM and INDF have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMOM or INDF?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMOM or INDF?

AMOM and INDF have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, AMOM or INDF?

INDF has the higher dividend yield at 21.29%, compared with 0.07% for AMOM.

What is the main difference between AMOM and INDF?

AMOM is categorized as Momentum, while INDF is Financials Equities.