INDF vs. UTRN

Last updated Apr 1, 2026

Compare and contrast key facts about Nifty India Financials ETF (INDF) and Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN).

INDF and UTRN 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. UTRN is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Vesper US Large Cap Short-Term Reversal Index. It was launched on Sep 21, 2018. Both INDF and UTRN 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. UTRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nifty India Financials ETF (INDF) and Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN). The values are adjusted to include any dividend payments, if applicable.

INDF vs. UTRN - Yearly Performance Comparison

	2025 (YTD)	2024	2023	2022	2021	2020
INDF Nifty India Financials ETF	8.17%	6.32%	19.86%	-5.28%	11.95%	23.97%
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	-3.65%	28.82%	0.72%	-20.36%	30.54%	6.90%

Returns By Period

INDF

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

UTRN

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

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

INDF vs. UTRN - Expense Ratio Comparison

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

INDF

Nifty India Financials ETF

UTRN

Vesper U.S. Large Cap Short-Term Reversal Strategy ETF

Return for Risk

INDF vs. UTRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nifty India Financials ETF (INDF) and Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN). 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.

Correlation

The correlation between INDF and UTRN is 0.38, 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.

Dividends

INDF vs. UTRN - Dividend Comparison

INDF's dividend yield for the trailing twelve months is around 21.29%, while UTRN has not paid dividends to shareholders.

	TTM	2024	2023	2022	2021	2020	2019	2018
INDF Nifty India Financials ETF	21.29%	6.15%	8.84%	3.12%	1.58%	0.00%	0.00%	0.00%
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	0.00%	1.06%	2.75%	1.09%	24.51%	9.09%	3.77%	0.71%

Drawdowns

Volatility