COAL vs. INDF

Last updated Jun 4, 2026

COAL (Range Global Coal Index ETF) and INDF (Nifty India Financials ETF) are both exchange-traded funds - COAL is a Energy Equities fund tracking the VettaFi Global Coal Index, while INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index. Both are passively managed. At a 0.22 correlation, their price movements are largely independent. COAL charges 0.85%/yr vs 0.75%/yr for INDF.

Performance

COAL vs. INDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Range Global Coal Index ETF (COAL) and Nifty India Financials ETF (INDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

COAL

• 1D: -0.70%
• 1M: 8.24%
• YTD: 21.77%
• 6M: 24.50%
• 1Y: 68.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

INDF

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

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

COAL vs. INDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
COAL Range Global Coal Index ETF	21.77%	12.65%	-16.01%
INDF Nifty India Financials ETF	0.00%	8.17%	8.71%

Correlation

The correlation between COAL and INDF is 0.05, 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	0.05
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	0.22

The correlation between COAL and INDF shifts across timeframes, from 0.05 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

COAL vs. INDF - Sectors Allocation Comparison

Sectors	COAL	INDF
Energy	50.3%	-
Basic Materials	43.2%	-
Industrials	6.6%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	100.0%
Healthcare	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

COAL vs. INDF — Risk / Return Rank

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

COAL

COAL Risk / Return Rank: 70
COAL Sharpe Ratio Rank: 72
COAL Sortino Ratio Rank: 70
COAL Omega Ratio Rank: 63
COAL Calmar Ratio Rank: 83
COAL Martin Ratio Rank: 60

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.

COAL vs. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Range Global Coal Index ETF (COAL) 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.

	COAL	INDF	Difference
Sharpe ratio: Return per unit of total volatility	2.34	—	—
Sortino ratio: Return per unit of downside risk	3.15	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	4.46	—	—
Martin ratio: Return relative to average drawdown	10.51	—	—
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

	COAL	INDF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	—	—

Drawdowns

Drawdown Indicators

	COAL	INDF	Difference
Max Drawdown Largest peak-to-trough decline	-42.29%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-15.42%	—	—
Current Drawdown Current decline from peak	-2.20%	—	—
Average Drawdown Average peak-to-trough decline	-14.14%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.52%	—	—

Volatility

Volatility by Period

	COAL	INDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.39%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.60%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.60%	—	—

COAL vs. INDF - Expense Ratio Comparison

COAL has a 0.85% expense ratio, which is higher than INDF's 0.75% expense ratio.

Dividends

COAL vs. INDF - Dividend Comparison

COAL's dividend yield for the trailing twelve months is around 2.16%, less than INDF's 21.29% yield.

Position	TTM	2025	2024	2023	2022	2021
COAL Range Global Coal Index ETF	2.16%	2.63%	1.80%	0.00%	0.00%	0.00%
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%

Frequently Asked Questions

Can I hold both COAL and INDF in my portfolio?

COAL and INDF have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COAL or INDF?

On fees, INDF is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COAL or INDF?

INDF is cheaper with a 0.75% expense ratio, compared with 0.85% for COAL.

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

INDF has the higher dividend yield at 21.29%, compared with 2.16% for COAL.

What is the main difference between COAL and INDF?

COAL is categorized as Energy Equities, while INDF is Financials Equities. COAL tracks VettaFi Global Coal Index, while INDF tracks Nifty Financial Services 25/50 Index. Their fees differ too: 0.85% for COAL and 0.75% for INDF.