INDIAMART.NS vs. SPHD

Last updated Jun 5, 2026

INDIAMART.NS (Indiamart Intermesh Limited) is a stock, while SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) is Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Over the past 5 years, INDIAMART.NS returned -9.86%/yr vs 11.69%/yr for SPHD. At a 0.03 correlation, their price movements are largely independent.

Performance

INDIAMART.NS vs. SPHD - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Indiamart Intermesh Limited (INDIAMART.NS) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

INDIAMART.NS is traded in INR, while SPHD is traded in USD. To make them comparable, the SPHD values have been converted to INR using the latest available exchange rates.

Returns By Period

In the year-to-date period, INDIAMART.NS achieves a -10.73% return, which is significantly lower than SPHD's 12.87% return.

INDIAMART.NS

• 1D: 1.07%
• 1M: -3.19%
• YTD: -10.73%
• 6M: -14.01%
• 1Y: -16.49%
• 3Y*: -9.98%
• 5Y*: -9.86%
• 10Y*: —

SPHD

• 1D: 0.22%
• 1M: 1.21%
• YTD: 12.87%
• 6M: 13.66%
• 1Y: 23.71%
• 3Y*: 17.44%
• 5Y*: 11.69%
• 10Y*: 11.06%

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

INDIAMART.NS vs. SPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
INDIAMART.NS Indiamart Intermesh Limited	-10.73%	1.37%	-16.64%	26.31%	-33.21%	1.22%	212.32%	58.42%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	12.87%	8.35%	21.65%	2.02%	11.39%	27.47%	-7.71%	8.96%

Correlation

The correlation between INDIAMART.NS and SPHD is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jul 5, 2019	0.03

Return for Risk

INDIAMART.NS vs. SPHD — Risk / Return Rank

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

INDIAMART.NS

INDIAMART.NS Risk / Return Rank: 19
INDIAMART.NS Sharpe Ratio Rank: 16
INDIAMART.NS Sortino Ratio Rank: 15
INDIAMART.NS Omega Ratio Rank: 17
INDIAMART.NS Calmar Ratio Rank: 24
INDIAMART.NS Martin Ratio Rank: 25

SPHD

SPHD Risk / Return Rank: 30
SPHD Sharpe Ratio Rank: 30
SPHD Sortino Ratio Rank: 31
SPHD Omega Ratio Rank: 27
SPHD Calmar Ratio Rank: 34
SPHD Martin Ratio Rank: 29

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.

INDIAMART.NS vs. SPHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Indiamart Intermesh Limited (INDIAMART.NS) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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.

	INDIAMART.NS	SPHD	Difference
Sharpe ratio: Return per unit of total volatility	-0.59	2.06	-2.65
Sortino ratio: Return per unit of downside risk	-0.80	3.18	-3.97
Omega ratio: Gain probability vs. loss probability	0.92	1.36	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.51	4.56	-5.07
Martin ratio: Return relative to average drawdown	-0.86	11.56	-12.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INDIAMART.NS vs. SPHD - Sharpe Ratio Comparison

The current INDIAMART.NS Sharpe Ratio is -0.59, which is lower than the SPHD Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of INDIAMART.NS and SPHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	INDIAMART.NS	SPHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.59	2.06	-2.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.30	0.85	-1.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.91	-0.46

Drawdowns

INDIAMART.NS vs. SPHD - Drawdown Comparison

The maximum INDIAMART.NS drawdown since its inception was -62.55%, which is greater than SPHD's maximum drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for INDIAMART.NS and SPHD.

Drawdown Indicators

	INDIAMART.NS	SPHD	Difference
Max Drawdown Largest peak-to-trough decline	-62.55%	-36.06%	-26.49%
Max Drawdown (1Y) Largest decline over 1 year	-28.76%	-5.22%	-23.54%
Max Drawdown (3Y) Largest decline over 3 years	-40.12%	-13.15%	-26.97%
Max Drawdown (5Y) Largest decline over 5 years	-61.08%	-14.91%	-46.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.06%	—
Current Drawdown Current decline from peak	-58.39%	-1.27%	-57.12%
Average Drawdown Average peak-to-trough decline	-36.39%	-3.83%	-32.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.79%	2.06%	+14.73%

Volatility

INDIAMART.NS vs. SPHD - Volatility Comparison

Indiamart Intermesh Limited (INDIAMART.NS) has a higher volatility of 5.29% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 3.84%. This indicates that INDIAMART.NS's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INDIAMART.NS	SPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.29%	3.84%	+1.45%
Volatility (6M) Calculated over the trailing 6-month period	17.63%	7.87%	+9.76%
Volatility (1Y) Calculated over the trailing 1-year period	24.79%	11.55%	+13.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.00%	13.77%	+19.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.66%	16.90%	+24.76%

Dividends

INDIAMART.NS vs. SPHD - Dividend Comparison

INDIAMART.NS's dividend yield for the trailing twelve months is around 2.51%, less than SPHD's 4.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INDIAMART.NS Indiamart Intermesh Limited	2.51%	2.24%	0.89%	0.37%	0.05%	0.23%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	4.52%	4.02%	3.41%	4.48%	3.89%	3.45%	4.89%	4.07%	4.40%	3.14%	3.83%	3.49%

Frequently Asked Questions

Can I hold both INDIAMART.NS and SPHD in my portfolio?

INDIAMART.NS and SPHD have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.