EMQQ vs. INDF

Last updated Jun 3, 2026

EMQQ (EMQQ The Emerging Markets Internet ETF) and INDF (Nifty India Financials ETF) are both exchange-traded funds - EMQQ is a Emerging Markets Equities fund tracking the EMQQ The Emerging Markets Internet Index, while INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index. Both are passively managed. At a 0.37 correlation, their price movements are largely independent. EMQQ charges 0.86%/yr vs 0.75%/yr for INDF.

Performance

EMQQ vs. INDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EMQQ The Emerging Markets Internet ETF (EMQQ) and Nifty India Financials ETF (INDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EMQQ

• 1D: 1.06%
• 1M: -3.20%
• YTD: -17.59%
• 6M: -19.58%
• 1Y: -13.29%
• 3Y*: 6.20%
• 5Y*: -10.61%
• 10Y*: 4.86%

INDF

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

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

EMQQ vs. INDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EMQQ EMQQ The Emerging Markets Internet ETF	-17.59%	20.66%	13.79%	4.48%	-30.70%	-32.53%	15.35%
INDF Nifty India Financials ETF	0.00%	8.17%	6.32%	19.86%	-5.28%	11.95%	23.97%

Correlation

The correlation between EMQQ and INDF is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.37

Over the past year, the correlation between EMQQ and INDF has dropped to 0.11 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

EMQQ vs. INDF - Sectors Allocation Comparison

Sectors	EMQQ	INDF
Consumer Cyclical	33.1%	-
Technology	8.2%	-
Communication Services	6.8%	-
Financial Services	3.6%	100.0%
Real Estate	2.7%	-
Utilities	0.4%	-
Industrials	0.3%	-
Consumer Defensive	0.2%	-
Healthcare	0.0%	-
Basic Materials	-	-
Energy	-	-

Return for Risk

EMQQ vs. INDF — Risk / Return Rank

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

EMQQ

EMQQ Risk / Return Rank: 4
EMQQ Sharpe Ratio Rank: 3
EMQQ Sortino Ratio Rank: 3
EMQQ Omega Ratio Rank: 3
EMQQ Calmar Ratio Rank: 5
EMQQ Martin Ratio Rank: 5

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.

EMQQ vs. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EMQQ The Emerging Markets Internet ETF (EMQQ) 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.

	EMQQ	INDF	Difference
Sharpe ratio Return per unit of total volatility	-0.65	—	—
Sortino ratio Return per unit of downside risk	-0.84	—	—
Omega ratio Gain probability vs. loss probability	0.91	—	—
Calmar ratio Return relative to maximum drawdown	-0.41	—	—
Martin ratio Return relative to average drawdown	-0.83	—	—
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

	EMQQ	INDF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.65	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	—	—

Drawdowns

Drawdown Indicators

	EMQQ	INDF	Difference
Max Drawdown Largest peak-to-trough decline	-73.24%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-29.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-66.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-73.24%	—	—
Current Drawdown Current decline from peak	-56.59%	—	—
Average Drawdown Average peak-to-trough decline	-31.35%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	14.93%	—	—

Volatility

Volatility by Period

	EMQQ	INDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.46%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.12%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.60%	—	—

EMQQ vs. INDF - Expense Ratio Comparison

EMQQ has a 0.86% expense ratio, which is higher than INDF's 0.75% expense ratio.

Dividends

EMQQ vs. INDF - Dividend Comparison

EMQQ's dividend yield for the trailing twelve months is around 3.75%, less than INDF's 21.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMQQ EMQQ The Emerging Markets Internet ETF	3.75%	3.09%	1.70%	0.79%	0.00%	0.00%	0.18%	1.29%	0.00%	0.94%	0.75%	0.08%
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMQQ and INDF in my portfolio?

EMQQ and INDF have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMQQ 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, EMQQ or INDF?

INDF is cheaper with a 0.75% expense ratio, compared with 0.86% for EMQQ.

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

INDF has the higher dividend yield at 21.29%, compared with 3.75% for EMQQ.

What is the main difference between EMQQ and INDF?

EMQQ is categorized as Emerging Markets Equities, while INDF is Financials Equities. EMQQ tracks EMQQ The Emerging Markets Internet Index, while INDF tracks Nifty Financial Services 25/50 Index. Their fees differ too: 0.86% for EMQQ and 0.75% for INDF.