INDF vs. ^SSEC

Last updated Apr 1, 2026

Compare and contrast key facts about Nifty India Financials ETF (INDF) and Shanghai Composite (^SSEC).

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.

Performance

INDF vs. ^SSEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nifty India Financials ETF (INDF) and Shanghai Composite (^SSEC). The values are adjusted to include any dividend payments, if applicable.

INDF vs. ^SSEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
INDF Nifty India Financials ETF	0.00%	8.17%	6.32%	19.86%	-5.28%	11.95%	23.97%
^SSEC Shanghai Composite	-0.38%	23.60%	9.56%	-6.40%	-21.85%	7.66%	6.46%

Different Trading Currencies

INDF is traded in USD, while ^SSEC is traded in CNY. To make them comparable, the ^SSEC values have been converted to USD using the latest available exchange rates.

Returns By Period

INDF

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

^SSEC

• 1D: -0.40%
• 1M: -6.86%
• YTD: -0.38%
• 6M: 3.66%
• 1Y: 23.00%
• 3Y*: 5.86%
• 5Y*: 1.38%
• 10Y*: 1.98%

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

Return for Risk

INDF vs. ^SSEC — Risk / Return Rank

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

^SSEC

^SSEC Risk / Return Rank: 74
^SSEC Sharpe Ratio Rank: 83
^SSEC Sortino Ratio Rank: 73
^SSEC Omega Ratio Rank: 82
^SSEC Calmar Ratio Rank: 63
^SSEC Martin Ratio Rank: 70

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.

INDF vs. ^SSEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nifty India Financials ETF (INDF) and Shanghai Composite (^SSEC). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	INDF	^SSEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.63	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.08	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.04	—

Correlation

The correlation between INDF and ^SSEC is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

Drawdown Indicators

	INDF	^SSEC	Difference
Max Drawdown Largest peak-to-trough decline	—	-78.27%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.83%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.77%	—
Current Drawdown Current decline from peak	—	-36.12%	—
Average Drawdown Average peak-to-trough decline	—	-39.97%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.52%	—

Volatility

Volatility by Period

	INDF	^SSEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.80%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.93%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.64%	—