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.
Key characteristics
| INDAX | ^GSPC | |
|---|---|---|
| YTD Return | 4.49% | 8.76% |
| 1Y Return | 20.91% | 25.36% |
| 3Y Return (Ann) | 7.70% | 7.04% |
| 5Y Return (Ann) | 10.57% | 12.60% |
| 10Y Return (Ann) | 10.33% | 10.71% |
| Sharpe Ratio | 1.80 | 2.20 |
| Daily Std Dev | 12.03% | 11.57% |
| Max Drawdown | -43.98% | -56.78% |
| Current Drawdown | -1.75% | -1.27% |
Correlation
The correlation between INDAX and ^GSPC is 0.45, 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
In the year-to-date period, INDAX achieves a 4.49% return, which is significantly lower than ^GSPC's 8.76% return. Both investments have delivered pretty close results over the past 10 years, with INDAX having a 10.33% annualized return and ^GSPC not far ahead at 10.71%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 -43.98%, 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
The current volatility for ALPS/Kotak India ESG Fund (INDAX) is 3.08%, while S&P 500 (^GSPC) has a volatility of 4.08%. This indicates that INDAX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.