HTEC vs. INDF

Last updated Jun 4, 2026

HTEC (ROBO Global Healthcare Technology and Innovation ETF) and INDF (Nifty India Financials ETF) are both exchange-traded funds - HTEC is a Health & Biotech Equities fund tracking the ROBO Global® Healthcare Technology and Innovation Index, while INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index. Both are passively managed. At a 0.35 correlation, their price movements are largely independent. HTEC charges 0.68%/yr vs 0.75%/yr for INDF.

Performance

HTEC vs. INDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ROBO Global Healthcare Technology and Innovation ETF (HTEC) and Nifty India Financials ETF (INDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HTEC

• 1D: 0.67%
• 1M: 3.12%
• YTD: -2.96%
• 6M: -3.90%
• 1Y: 26.68%
• 3Y*: 5.17%
• 5Y*: -4.88%
• 10Y*: —

INDF

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

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

HTEC vs. INDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HTEC ROBO Global Healthcare Technology and Innovation ETF	-2.96%	23.91%	2.68%	-2.94%	-33.72%	-0.28%	20.15%
INDF Nifty India Financials ETF	0.00%	8.17%	6.32%	19.86%	-5.28%	11.95%	23.97%

Correlation

The correlation between HTEC and INDF is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.35

Over the past year, the correlation between HTEC and INDF has dropped to 0.14 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

HTEC vs. INDF - Sectors Allocation Comparison

Sectors	HTEC	INDF
Healthcare	77.3%	-
Financial Services	3.9%	100.0%
Technology	3.7%	-
Industrials	1.3%	-
Energy	1.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

HTEC vs. INDF — Risk / Return Rank

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

HTEC

HTEC Risk / Return Rank: 34
HTEC Sharpe Ratio Rank: 36
HTEC Sortino Ratio Rank: 38
HTEC Omega Ratio Rank: 33
HTEC Calmar Ratio Rank: 33
HTEC Martin Ratio Rank: 29

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.

HTEC vs. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ROBO Global Healthcare Technology and Innovation ETF (HTEC) 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.

	HTEC	INDF	Difference
Sharpe ratio: Return per unit of total volatility	1.32	—	—
Sortino ratio: Return per unit of downside risk	1.99	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.64	—	—
Martin ratio: Return relative to average drawdown	4.07	—	—
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

	HTEC	INDF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	—	—

Drawdowns

Drawdown Indicators

	HTEC	INDF	Difference
Max Drawdown Largest peak-to-trough decline	-57.53%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-16.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-56.10%	—	—
Current Drawdown Current decline from peak	-33.25%	—	—
Average Drawdown Average peak-to-trough decline	-28.99%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.57%	—	—

Volatility

Volatility by Period

	HTEC	INDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.32%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.39%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.46%	—	—

HTEC vs. INDF - Expense Ratio Comparison

HTEC has a 0.68% expense ratio, which is lower than INDF's 0.75% expense ratio.

Dividends

HTEC vs. INDF - Dividend Comparison

HTEC's dividend yield for the trailing twelve months is around 1.01%, less than INDF's 21.29% yield.

Position	TTM	2025	2024	2023	2022	2021
HTEC ROBO Global Healthcare Technology and Innovation ETF	1.01%	0.98%	0.00%	0.00%	0.00%	0.05%
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%

Frequently Asked Questions

Can I hold both HTEC and INDF in my portfolio?

HTEC and INDF have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HTEC or INDF?

On fees, HTEC is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HTEC or INDF?

HTEC is cheaper with a 0.68% expense ratio, compared with 0.75% for INDF.

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

INDF has the higher dividend yield at 21.29%, compared with 1.01% for HTEC.

What is the main difference between HTEC and INDF?

HTEC is categorized as Health & Biotech Equities, while INDF is Financials Equities. HTEC tracks ROBO Global® Healthcare Technology and Innovation Index, while INDF tracks Nifty Financial Services 25/50 Index. Their fees differ too: 0.68% for HTEC and 0.75% for INDF.