ASHOKLEY.NS vs. INDF
Compare and contrast key facts about Ashok Leyland Limited (ASHOKLEY.NS) and Nifty India Financials ETF (INDF).
INDF is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Nifty Financial Services 25/50 Index. It was launched on Oct 20, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASHOKLEY.NS or INDF.
Correlation
The correlation between ASHOKLEY.NS and INDF is 0.16, 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
ASHOKLEY.NS vs. INDF - Performance Comparison
Key characteristics
ASHOKLEY.NS:
0.38
INDF:
0.58
ASHOKLEY.NS:
0.78
INDF:
0.89
ASHOKLEY.NS:
1.10
INDF:
1.12
ASHOKLEY.NS:
0.53
INDF:
0.74
ASHOKLEY.NS:
0.98
INDF:
1.49
ASHOKLEY.NS:
13.31%
INDF:
7.38%
ASHOKLEY.NS:
34.46%
INDF:
19.05%
ASHOKLEY.NS:
-77.77%
INDF:
-25.58%
ASHOKLEY.NS:
-12.78%
INDF:
-1.94%
Returns By Period
In the year-to-date period, ASHOKLEY.NS achieves a 2.75% return, which is significantly lower than INDF's 10.04% return.
ASHOKLEY.NS
2.75%
14.67%
6.05%
17.80%
39.44%
14.84%
INDF
10.04%
9.25%
4.63%
13.87%
N/A
N/A
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Risk-Adjusted Performance
ASHOKLEY.NS vs. INDF — Risk-Adjusted Performance Rank
ASHOKLEY.NS
INDF
ASHOKLEY.NS vs. INDF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ashok Leyland Limited (ASHOKLEY.NS) 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.
Dividends
ASHOKLEY.NS vs. INDF - Dividend Comparison
ASHOKLEY.NS's dividend yield for the trailing twelve months is around 0.88%, less than INDF's 5.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ASHOKLEY.NS Ashok Leyland Limited | 0.88% | 3.15% | 1.43% | 0.70% | 0.49% | 0.52% | 3.80% | 2.37% | 1.31% | 1.19% | 0.51% |
INDF Nifty India Financials ETF | 5.59% | 6.15% | 8.84% | 3.12% | 1.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ASHOKLEY.NS vs. INDF - Drawdown Comparison
The maximum ASHOKLEY.NS drawdown since its inception was -77.77%, which is greater than INDF's maximum drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for ASHOKLEY.NS and INDF. For additional features, visit the drawdowns tool.
Volatility
ASHOKLEY.NS vs. INDF - Volatility Comparison
Ashok Leyland Limited (ASHOKLEY.NS) has a higher volatility of 7.79% compared to Nifty India Financials ETF (INDF) at 6.11%. This indicates that ASHOKLEY.NS's price experiences larger fluctuations and is considered to be riskier than INDF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.