LQAI vs. INDF

Last updated Aug 2, 2026

LQAI (LG QRAFT AI-Powered U.S. Large Cap Core ETF) and INDF (Nifty India Financials ETF) are both exchange-traded funds - LQAI is a Large Cap Blend Equities fund actively managed by Exchange Traded Concepts, while INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index. LQAI is actively managed, while INDF is passively managed. Their 0.22 correlation means their historical movements had little consistent relationship. Both charge a 0.75% expense ratio.

Performance

LQAI vs. INDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LG QRAFT AI-Powered U.S. Large Cap Core ETF (LQAI) and Nifty India Financials ETF (INDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LQAI

• 1D: 0.23%
• 1M: -3.16%
• 6M: 11.94%
• YTD: 14.28%
• 1Y: 22.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.41%

INDF

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LQAI LG QRAFT AI-Powered U.S. Large Cap Core ETF	$9.07K	$10.19K	$17.32K

LQAI vs. INDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LQAI LG QRAFT AI-Powered U.S. Large Cap Core ETF	14.28%	13.70%	27.82%	9.29%
INDF Nifty India Financials ETF	0.00%	8.17%	6.32%	9.26%

Correlation

The correlation between LQAI and INDF is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.08
Correlation (All Time) Calculated using the full available price history since Nov 7, 2023	0.22

The correlation between LQAI and INDF shifts across timeframes, from -0.08 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

LQAI vs. INDF - Sectors Allocation Comparison

Sectors	LQAI	INDF
Technology	43.2%	-
Financial Services	11.7%	100.0%
Communication Services	10.9%	-
Utilities	8.2%	-
Consumer Defensive	7.7%	-
Consumer Cyclical	7.4%	-
Industrials	3.9%	-
Healthcare	2.8%	-
Energy	2.2%	-
Real Estate	1.9%	-
Basic Materials	0.1%	-

Return for Risk

LQAI vs. INDF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LQAI

LQAI Risk / Return Rank: 47
LQAI Sharpe Ratio Rank: 46
LQAI Sortino Ratio Rank: 43
LQAI Omega Ratio Rank: 45
LQAI Calmar Ratio Rank: 55
LQAI Martin Ratio Rank: 46

INDF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LQAI vs. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LG QRAFT AI-Powered U.S. Large Cap Core ETF (LQAI) and Nifty India Financials ETF (INDF). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LQAI	INDF	Difference
Sharpe ratio: Return per unit of total volatility	1.15	—	—
Sortino ratio: Return per unit of downside risk	1.61	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.98	—	—
Martin ratio: Return relative to average drawdown	5.30	—	—

Drawdowns

Drawdown Indicators

	LQAI	INDF	Difference
Max Drawdown Largest peak-to-trough decline	-21.24%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.75%	—	—
Current Drawdown Current decline from peak	-7.64%	—	—
Average Drawdown Average peak-to-trough decline	-3.13%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	—	—

Volatility

Volatility by Period

	LQAI	INDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.60%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.81%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.81%	—	—

LQAI vs. INDF - Expense Ratio Comparison

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

Dividends

LQAI vs. INDF - Dividend Comparison

LQAI's dividend yield for the trailing twelve months is around 0.95%, while INDF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%
LQAI LG QRAFT AI-Powered U.S. Large Cap Core ETF	0.95%	1.14%	0.69%	0.16%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LQAI and INDF in my portfolio?

LQAI and INDF have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LQAI or INDF?

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, LQAI or INDF?

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

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

INDF has the higher dividend yield at 21.29%, compared with 0.95% for LQAI.

What is the main difference between LQAI and INDF?

LQAI is categorized as Large Cap Blend Equities, while INDF is Financials Equities.