INDF vs. UTRN

Last updated Jun 4, 2026

INDF (Nifty India Financials ETF) and UTRN (Vesper U.S. Large Cap Short-Term Reversal Strategy ETF) are both exchange-traded funds - INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index, while UTRN is a Large Cap Blend Equities fund tracking the Vesper US Large Cap Short-Term Reversal Index. Both are passively managed. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

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.

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 - 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%

Correlation

The correlation between INDF and UTRN is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.38

The correlation between INDF and UTRN shifts across timeframes, from 0.23 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

INDF vs. UTRN - Sectors Allocation Comparison

Sectors	INDF	UTRN
Financial Services	100.0%	36.4%
Basic Materials	-	7.9%
Communication Services	-	8.0%
Consumer Cyclical	-	3.9%
Consumer Defensive	-	-
Energy	-	4.1%
Healthcare	-	3.8%
Industrials	-	4.0%
Real Estate	-	-
Technology	-	31.9%
Utilities	-	-

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.

Drawdowns

Volatility

INDF vs. UTRN - Expense Ratio Comparison

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

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.

Position	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%

Frequently Asked Questions

Can I hold both INDF and UTRN in my portfolio?

INDF and UTRN have a correlation of 0.23, 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 UTRN?

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 UTRN?

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

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

INDF has the higher dividend yield at 21.29%, compared with 0.00% for UTRN.

What is the main difference between INDF and UTRN?

INDF is categorized as Financials Equities, while UTRN is Large Cap Blend Equities. INDF tracks Nifty Financial Services 25/50 Index, while UTRN tracks Vesper US Large Cap Short-Term Reversal Index.