INR=X vs. ^NDX

Last updated Apr 2, 2026

Compare and contrast key facts about USD/INR (INR=X) and NASDAQ 100 Index (^NDX).

Performance

INR=X vs. ^NDX - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in USD/INR (INR=X) and NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

INR=X vs. ^NDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INR=X USD/INR	3.73%	4.79%	3.03%	0.69%	10.75%	1.99%	2.52%	2.54%	9.05%	-6.21%
^NDX NASDAQ 100 Index	-1.32%	25.92%	28.66%	54.87%	-25.76%	29.15%	51.29%	41.46%	7.92%	23.35%

Different Trading Currencies

INR=X is traded in INR, while ^NDX is traded in USD. To make them comparable, the ^NDX values have been converted to INR using the latest available exchange rates.

Returns By Period

In the year-to-date period, INR=X achieves a 3.73% return, which is significantly higher than ^NDX's -1.32% return. Over the past 10 years, INR=X has underperformed ^NDX with an annualized return of 3.46%, while ^NDX has yielded a comparatively higher 22.23% annualized return.

INR=X

• 1D: -0.27%
• 1M: 1.80%
• YTD: 3.73%
• 6M: 5.12%
• 1Y: 8.71%
• 3Y*: 4.29%
• 5Y*: 4.82%
• 10Y*: 3.46%

^NDX

• 1D: 0.91%
• 1M: -1.59%
• YTD: -1.32%
• 6M: 1.41%
• 1Y: 33.52%
• 3Y*: 27.39%
• 5Y*: 17.97%
• 10Y*: 22.23%

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

Return for Risk

INR=X vs. ^NDX — Risk / Return Rank

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

INR=X

INR=X Risk / Return Rank: 93
INR=X Sharpe Ratio Rank: 90
INR=X Sortino Ratio Rank: 92
INR=X Omega Ratio Rank: 89
INR=X Calmar Ratio Rank: 99
INR=X Martin Ratio Rank: 97

^NDX

^NDX Risk / Return Rank: 76
^NDX Sharpe Ratio Rank: 70
^NDX Sortino Ratio Rank: 74
^NDX Omega Ratio Rank: 74
^NDX Calmar Ratio Rank: 81
^NDX Martin Ratio Rank: 80

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.

INR=X vs. ^NDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD/INR (INR=X) and NASDAQ 100 Index (^NDX). 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.

	INR=X	^NDX	Difference
Sharpe ratio Return per unit of total volatility	1.48	1.53	-0.05
Sortino ratio Return per unit of downside risk	2.20	2.21	-0.02
Omega ratio Gain probability vs. loss probability	1.30	1.32	-0.02
Calmar ratio Return relative to maximum drawdown	4.91	3.04	+1.86
Martin ratio Return relative to average drawdown	12.04	11.23	+0.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INR=X vs. ^NDX - Sharpe Ratio Comparison

The current INR=X Sharpe Ratio is 1.48, which is comparable to the ^NDX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of INR=X and ^NDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	INR=X	^NDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	1.53	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	0.83	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	1.04	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.88	-0.30

Correlation

The correlation between INR=X and ^NDX is 0.09, 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.

Drawdowns

INR=X vs. ^NDX - Drawdown Comparison

The maximum INR=X drawdown since its inception was -15.55%, smaller than the maximum ^NDX drawdown of -40.93%. Use the drawdown chart below to compare losses from any high point for INR=X and ^NDX.

Drawdown Indicators

	INR=X	^NDX	Difference
Max Drawdown Largest peak-to-trough decline	-15.55%	-82.90%	+67.35%
Max Drawdown (1Y) Largest decline over 1 year	-2.63%	-12.72%	+10.09%
Max Drawdown (5Y) Largest decline over 5 years	-4.06%	-35.56%	+31.50%
Max Drawdown (10Y) Largest decline over 10 years	-8.16%	-35.56%	+27.40%
Current Drawdown Current decline from peak	-1.68%	-8.04%	+6.36%
Average Drawdown Average peak-to-trough decline	-4.76%	-24.72%	+19.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.75%	3.49%	-2.74%

Volatility

INR=X vs. ^NDX - Volatility Comparison

The current volatility for USD/INR (INR=X) is 2.13%, while NASDAQ 100 Index (^NDX) has a volatility of 5.39%. This indicates that INR=X experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INR=X	^NDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.13%	5.39%	-3.26%
Volatility (6M) Calculated over the trailing 6-month period	3.50%	12.63%	-9.13%
Volatility (1Y) Calculated over the trailing 1-year period	4.71%	22.54%	-17.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.13%	21.79%	-17.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.14%	21.51%	-16.37%