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.
Correlation
The correlation between INDAX and INDF is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
INDAX vs. INDF - Performance Comparison
Key characteristics
INDAX:
-0.57
INDF:
0.24
INDAX:
-0.57
INDF:
0.43
INDAX:
0.89
INDF:
1.06
INDAX:
-0.44
INDF:
0.28
INDAX:
-1.17
INDF:
0.71
INDAX:
9.73%
INDF:
5.91%
INDAX:
20.15%
INDF:
17.85%
INDAX:
-48.22%
INDF:
-25.58%
INDAX:
-25.72%
INDF:
-13.84%
Returns By Period
In the year-to-date period, INDAX achieves a -6.19% return, which is significantly lower than INDF's -3.48% return.
INDAX
-6.19%
-1.28%
-19.05%
-10.35%
3.69%
1.49%
INDF
-3.48%
1.02%
-5.28%
5.64%
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.
Dividends
INDAX vs. INDF - Dividend Comparison
INDAX's dividend yield for the trailing twelve months is around 0.39%, less than INDF's 6.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDAX ALPS/Kotak India ESG Fund | 0.39% | 0.37% | 0.00% | 0.00% | 2.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.37% |
INDF Nifty India Financials ETF | 6.38% | 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 -48.22%, 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. For additional features, visit the drawdowns tool.
Volatility
INDAX vs. INDF - Volatility Comparison
ALPS/Kotak India ESG Fund (INDAX) has a higher volatility of 3.87% compared to Nifty India Financials ETF (INDF) at 3.38%. This indicates that INDAX'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.