INDF vs. IXG

Last updated Apr 1, 2026

Compare and contrast key facts about Nifty India Financials ETF (INDF) and iShares Global Financials ETF (IXG).

INDF and IXG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IXG is a passively managed fund by iShares that tracks the performance of the S&P Global Financials Sector Index. It was launched on Nov 12, 2001. Both INDF and IXG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

INDF vs. IXG - Performance Comparison

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

INDF vs. IXG - 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%
IXG iShares Global Financials ETF	-5.62%	28.54%	25.69%	14.97%	-8.97%	25.07%	20.42%

Returns By Period

INDF

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

IXG

• 1D: 2.87%
• 1M: -4.83%
• YTD: -5.62%
• 6M: -1.42%
• 1Y: 13.11%
• 3Y*: 21.31%
• 5Y*: 11.87%
• 10Y*: 11.63%

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

INDF vs. IXG - Expense Ratio Comparison

INDF has a 0.75% expense ratio, which is higher than IXG's 0.46% expense ratio.

INDF

Nifty India Financials ETF

IXG

iShares Global Financials ETF

Return for Risk

INDF vs. IXG — Risk / Return Rank

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

IXG

IXG Risk / Return Rank: 43
IXG Sharpe Ratio Rank: 42
IXG Sortino Ratio Rank: 40
IXG Omega Ratio Rank: 43
IXG Calmar Ratio Rank: 44
IXG Martin Ratio Rank: 44

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. IXG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nifty India Financials ETF (INDF) and iShares Global Financials ETF (IXG). 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	IXG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.73	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.23	—

Correlation

The correlation between INDF and IXG 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.

Dividends

INDF vs. IXG - Dividend Comparison

INDF's dividend yield for the trailing twelve months is around 21.29%, more than IXG's 2.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
IXG iShares Global Financials ETF	2.16%	2.04%	2.64%	2.62%	3.71%	1.69%	2.13%	2.87%	3.14%	2.12%	2.21%	2.79%

Drawdowns

Drawdown Indicators

	INDF	IXG	Difference
Max Drawdown Largest peak-to-trough decline	—	-78.42%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.20%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.47%	—
Current Drawdown Current decline from peak	—	-8.13%	—
Average Drawdown Average peak-to-trough decline	—	-19.88%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.44%	—

Volatility

Volatility by Period

	INDF	IXG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.12%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.30%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.15%	—