Correlation
The correlation between INDAX and INDF is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
INDAX vs. INDF
Compare and contrast key facts about ALPS/Kotak India ESG Fund (INDAX) and Nifty India Financials ETF (INDF).
INDAX is managed by ALPS. It was launched on Feb 13, 2011. 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: INDAX or INDF.
Performance
INDAX vs. INDF - Performance Comparison
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Key characteristics
INDAX:
0.37
INDF:
0.73
INDAX:
0.52
INDF:
0.96
INDAX:
1.07
INDF:
1.13
INDAX:
0.28
INDF:
0.83
INDAX:
0.58
INDF:
1.67
INDAX:
8.83%
INDF:
7.39%
INDAX:
16.95%
INDF:
19.76%
INDAX:
-43.98%
INDF:
-25.58%
INDAX:
-7.04%
INDF:
-0.71%
Returns By Period
In the year-to-date period, INDAX achieves a 2.00% return, which is significantly lower than INDF's 11.42% return.
INDAX
2.00%
1.63%
-1.07%
6.23%
9.94%
17.21%
8.35%
INDF
11.42%
0.96%
6.72%
14.35%
14.32%
N/A
N/A
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INDAX vs. INDF - Expense Ratio Comparison
INDAX has a 1.33% expense ratio, which is higher than INDF's 0.75% expense ratio.
Risk-Adjusted Performance
INDAX vs. INDF — Risk-Adjusted Performance Rank
INDAX
INDF
INDAX vs. INDF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Kotak India ESG Fund (INDAX) 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.
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Dividends
INDAX vs. INDF - Dividend Comparison
INDAX's dividend yield for the trailing twelve months is around 15.83%, more than INDF's 5.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDAX ALPS/Kotak India ESG Fund | 15.83% | 16.14% | 4.43% | 1.65% | 5.48% | 0.00% | 1.30% | 6.55% | 2.78% | 1.32% | 15.14% | 4.35% |
INDF Nifty India Financials ETF | 5.52% | 6.16% | 8.84% | 3.12% | 1.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
INDAX vs. INDF - Drawdown Comparison
The maximum INDAX drawdown since its inception was -43.98%, which is greater than INDF's maximum drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for INDAX and INDF.
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Volatility
INDAX vs. INDF - Volatility Comparison
The current volatility for ALPS/Kotak India ESG Fund (INDAX) is 5.66%, while Nifty India Financials ETF (INDF) has a volatility of 6.79%. This indicates that INDAX experiences smaller price fluctuations and is considered to be less risky than INDF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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