INDF vs. QRFT

Last updated Jun 4, 2026

INDF (Nifty India Financials ETF) and QRFT (QRAFT AI Enhanced U.S. Large Cap ETF) are both exchange-traded funds - INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index, while QRFT is a Large Cap Growth Equities fund actively managed by Exchange Traded Concepts. INDF is passively managed, while QRFT is actively managed. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

INDF vs. QRFT - 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 ETF (QRFT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

INDF

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

QRFT

• 1D: -0.34%
• 1M: 6.39%
• YTD: 12.60%
• 6M: 12.89%
• 1Y: 28.98%
• 3Y*: 21.65%
• 5Y*: 12.39%
• 10Y*: —

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

INDF vs. QRFT - 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%
QRFT QRAFT AI Enhanced U.S. Large Cap ETF	12.60%	17.95%	21.36%	24.16%	-22.69%	22.74%	13.37%

Correlation

The correlation between INDF and QRFT is 0.06, 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	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.40

Over the past year, the correlation between INDF and QRFT has dropped to 0.06 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

INDF vs. QRFT - Sectors Allocation Comparison

Sectors	INDF	QRFT
Financial Services	100.0%	10.7%
Basic Materials	-	2.0%
Communication Services	-	10.2%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	6.7%
Energy	-	4.2%
Healthcare	-	8.8%
Industrials	-	9.7%
Real Estate	-	1.0%
Technology	-	35.4%
Utilities	-	1.4%

Return for Risk

INDF vs. QRFT — Risk / Return Rank

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

QRFT

QRFT Risk / Return Rank: 67
QRFT Sharpe Ratio Rank: 67
QRFT Sortino Ratio Rank: 65
QRFT Omega Ratio Rank: 65
QRFT Calmar Ratio Rank: 64
QRFT Martin Ratio Rank: 74

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. QRFT - 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 ETF (QRFT). 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	QRFT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.23	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.86	—

Drawdowns

Drawdown Indicators

	INDF	QRFT	Difference
Max Drawdown Largest peak-to-trough decline	—	-30.19%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.12%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.99%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.20%	—
Current Drawdown Current decline from peak	—	-0.34%	—
Average Drawdown Average peak-to-trough decline	—	-6.79%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.06%	—

Volatility

Volatility by Period

	INDF	QRFT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.08%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.34%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.10%	—

INDF vs. QRFT - Expense Ratio Comparison

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

Dividends

INDF vs. QRFT - Dividend Comparison

INDF's dividend yield for the trailing twelve months is around 21.29%, more than QRFT's 0.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%	0.00%	0.00%
QRFT QRAFT AI Enhanced U.S. Large Cap ETF	0.25%	0.27%	0.52%	0.77%	0.83%	0.05%	1.81%	4.00%

Frequently Asked Questions

Can I hold both INDF and QRFT in my portfolio?

INDF and QRFT have a correlation of 0.06, 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 QRFT?

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 QRFT?

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

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

INDF has the higher dividend yield at 21.29%, compared with 0.25% for QRFT.

What is the main difference between INDF and QRFT?

INDF is categorized as Financials Equities, while QRFT is Large Cap Growth Equities.