INDAX vs. ^GSPC
Compare and contrast key facts about ALPS/Kotak India ESG Fund (INDAX) and S&P 500 (^GSPC).
INDAX is managed by ALPS. It was launched on Feb 13, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INDAX or ^GSPC.
Correlation
The correlation between INDAX and ^GSPC is 0.44, 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.
Performance
INDAX vs. ^GSPC - Performance Comparison
Key characteristics
INDAX:
-0.61
^GSPC:
1.74
INDAX:
-0.63
^GSPC:
2.35
INDAX:
0.88
^GSPC:
1.32
INDAX:
-0.47
^GSPC:
2.61
INDAX:
-1.20
^GSPC:
10.66
INDAX:
10.27%
^GSPC:
2.08%
INDAX:
20.19%
^GSPC:
12.77%
INDAX:
-48.22%
^GSPC:
-56.78%
INDAX:
-26.53%
^GSPC:
0.00%
Returns By Period
In the year-to-date period, INDAX achieves a -7.22% return, which is significantly lower than ^GSPC's 4.46% return. Over the past 10 years, INDAX has underperformed ^GSPC with an annualized return of 1.30%, while ^GSPC has yielded a comparatively higher 11.31% annualized return.
INDAX
-7.22%
-3.53%
-21.62%
-13.29%
3.40%
1.30%
^GSPC
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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Risk-Adjusted Performance
INDAX vs. ^GSPC — Risk-Adjusted Performance Rank
INDAX
^GSPC
INDAX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Kotak India ESG Fund (INDAX) and S&P 500 (^GSPC). 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.
Drawdowns
INDAX vs. ^GSPC - Drawdown Comparison
The maximum INDAX drawdown since its inception was -48.22%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for INDAX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
INDAX vs. ^GSPC - Volatility Comparison
ALPS/Kotak India ESG Fund (INDAX) has a higher volatility of 3.98% compared to S&P 500 (^GSPC) at 3.07%. This indicates that INDAX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.