INDF vs. HTUS

Last updated Jul 17, 2026

INDF (Nifty India Financials ETF) and HTUS (Hull Tactical US ETF) are both exchange-traded funds - INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index, while HTUS is a Long-Short fund actively managed by Exchange Traded Concepts. INDF is passively managed, while HTUS is actively managed. At a 0.35 correlation, their price movements are largely independent. INDF charges 0.75%/yr vs 0.97%/yr for HTUS.

Performance

INDF vs. HTUS - Performance Comparison

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

Returns By Period

INDF

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

HTUS

• 1D: -0.36%
• 1M: 0.25%
• 6M: 10.53%
• YTD: 11.11%
• 1Y: 22.67%
• 3Y*: 20.01%
• 5Y*: 14.74%
• 10Y*: 12.42%

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

INDF vs. HTUS - 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%
HTUS Hull Tactical US ETF	11.11%	16.57%	25.02%	30.11%	-13.00%	24.29%	9.22%

Correlation

The correlation between INDF and HTUS 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	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Oct 21, 2020	0.35

The correlation between INDF and HTUS shifts across timeframes, from -0.02 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

Return for Risk

INDF vs. HTUS — 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.

HTUS

HTUS Risk / Return Rank: 75
HTUS Sharpe Ratio Rank: 74
HTUS Sortino Ratio Rank: 77
HTUS Omega Ratio Rank: 77
HTUS Calmar Ratio Rank: 65
HTUS Martin Ratio Rank: 82

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. HTUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nifty India Financials ETF (INDF) and Hull Tactical US ETF (HTUS). 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	HTUS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.89	—
Sortino ratio: Return per unit of downside risk	—	2.78	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.62	—
Martin ratio: Return relative to average drawdown	—	12.68	—

Drawdowns

Drawdown Indicators

	INDF	HTUS	Difference
Max Drawdown Largest peak-to-trough decline	—	-47.50%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.68%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.50%	—
Current Drawdown Current decline from peak	—	-0.74%	—
Average Drawdown Average peak-to-trough decline	—	-4.03%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.79%	—

Volatility

Volatility by Period

	INDF	HTUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.05%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.10%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	21.49%	—

INDF vs. HTUS - Expense Ratio Comparison

INDF has a 0.75% expense ratio, which is lower than HTUS's 0.97% expense ratio.

Dividends

INDF vs. HTUS - Dividend Comparison

INDF has not paid dividends to shareholders, while HTUS's dividend yield for the trailing twelve months is around 10.70%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HTUS Hull Tactical US ETF	10.70%	11.89%	17.80%	1.18%	5.63%	7.20%	3.77%	0.92%	8.69%	8.29%	3.02%
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INDF and HTUS in my portfolio?

INDF and HTUS 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 HTUS?

On fees, INDF is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INDF or HTUS?

INDF is cheaper with a 0.75% expense ratio, compared with 0.97% for HTUS.

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

INDF has the higher dividend yield at 21.29%, compared with 10.70% for HTUS.

What is the main difference between INDF and HTUS?

INDF is categorized as Financials Equities, while HTUS is Long-Short. Their fees differ too: 0.75% for INDF and 0.97% for HTUS.