INDF vs. AMOM

Last updated Jun 24, 2026

INDF (Nifty India Financials ETF) and AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF) are both exchange-traded funds - INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index, while AMOM is a Momentum fund actively managed by Exchange Traded Concepts. INDF is passively managed, while AMOM is actively managed. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

INDF vs. AMOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nifty India Financials ETF (INDF) and QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

INDF

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

AMOM

• 1D: -4.33%
• 1M: 5.97%
• YTD: 26.78%
• 6M: 24.27%
• 1Y: 40.35%
• 3Y*: 26.54%
• 5Y*: 11.70%
• 10Y*: —

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

INDF vs. AMOM - 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%	24.44%
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	26.78%	7.69%	35.79%	27.06%	-26.29%	13.08%	8.43%

Correlation

The correlation between INDF and AMOM is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (All Time) Calculated using the full available price history since Oct 21, 2020	0.35

The correlation between INDF and AMOM shifts across timeframes, from -0.02 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.

INDF vs. AMOM - Sectors Allocation Comparison

Sectors	INDF	AMOM
Financial Services	100.0%	6.2%
Basic Materials	-	4.6%
Communication Services	-	7.4%
Consumer Cyclical	-	3.0%
Consumer Defensive	-	5.0%
Energy	-	11.8%
Healthcare	-	7.7%
Industrials	-	21.9%
Real Estate	-	1.9%
Technology	-	50.2%
Utilities	-	1.1%

Return for Risk

INDF vs. AMOM — Risk / Return Rank

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

INDF

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

AMOM

AMOM Risk / Return Rank: 55
AMOM Sharpe Ratio Rank: 52
AMOM Sortino Ratio Rank: 47
AMOM Omega Ratio Rank: 49
AMOM Calmar Ratio Rank: 65
AMOM Martin Ratio Rank: 62

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. AMOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nifty India Financials ETF (INDF) and QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	INDF	AMOM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.67	—
Sortino ratio: Return per unit of downside risk	—	2.21	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	3.09	—
Martin ratio: Return relative to average drawdown	—	10.70	—

Drawdowns

Drawdown Indicators

	INDF	AMOM	Difference
Max Drawdown Largest peak-to-trough decline	—	-39.68%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-30.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.68%	—
Current Drawdown Current decline from peak	—	-4.33%	—
Average Drawdown Average peak-to-trough decline	—	-10.75%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.78%	—

Volatility

Volatility by Period

	INDF	AMOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	24.29%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	24.26%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	25.22%	—

INDF vs. AMOM - Expense Ratio Comparison

Both INDF and AMOM have an expense ratio of 0.75%.

Dividends

INDF vs. AMOM - Dividend Comparison

INDF has not paid dividends to shareholders, while AMOM's dividend yield for the trailing twelve months is around 0.07%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	0.07%	0.09%	0.00%	0.47%	0.72%	0.74%	24.31%	5.51%
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INDF and AMOM in my portfolio?

INDF and AMOM have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INDF or AMOM?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INDF or AMOM?

INDF and AMOM have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, INDF or AMOM?

INDF has the higher dividend yield at 21.29%, compared with 0.07% for AMOM.

What is the main difference between INDF and AMOM?

INDF is categorized as Financials Equities, while AMOM is Momentum.