MASPTOP50.NS vs. ^GSPC
MASPTOP50.NS (Mirae Asset S&P 500 Top 50 ETF) is S&P 500 fund tracking the S&P 500 Top 50 Total Return Index, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, MASPTOP50.NS returned 31.80%/yr vs 17.84%/yr for ^GSPC. Their 0.10 correlation means their historical movements had little consistent relationship.
Performance
MASPTOP50.NS vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, MASPTOP50.NS achieves a 5.70% return, which is significantly lower than ^GSPC's 9.41% return.
MASPTOP50.NS
- 1D
- -1.92%
- 1M
- -2.96%
- 6M
- 6.26%
- YTD
- 5.70%
- 1Y
- 19.52%
- 3Y*
- 31.80%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.29%
^GSPC
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $37.98T | $37.61T | $41.48T |
MASPTOP50.NS Mirae Asset S&P 500 Top 50 ETF | $5.66M | $8.68M | $11.93M |
MASPTOP50.NS vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MASPTOP50.NS Mirae Asset S&P 500 Top 50 ETF | 5.70% | 22.47% | 65.09% | 36.63% | -15.84% | 7.80% |
^GSPC S&P 500 Index | 9.41% | 16.39% | 23.31% | 24.23% | -19.44% | 6.97% |
Correlation
The correlation between MASPTOP50.NS and ^GSPC is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2021 | 0.10 |
The correlation between MASPTOP50.NS and ^GSPC shifts across timeframes, from -0.12 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MASPTOP50.NS vs. ^GSPC — Risk / Return Rank
MASPTOP50.NS
^GSPC
MASPTOP50.NS vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mirae Asset S&P 500 Top 50 ETF (MASPTOP50.NS) and S&P 500 Index (^GSPC). 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.
| MASPTOP50.NS | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.00 | +0.36 |
| Martin ratioReturn relative to average drawdown | 6.38 | 8.49 | -2.11 |
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Drawdowns
MASPTOP50.NS vs. ^GSPC - Drawdown Comparison
The maximum MASPTOP50.NS drawdown since its inception was -29.85%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MASPTOP50.NS and ^GSPC.
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Drawdown Indicators
| MASPTOP50.NS | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.85% | -56.78% | +26.93% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -9.10% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -29.85% | -18.90% | -10.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -8.82% | -1.58% | -7.24% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -10.70% | +3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.14% | +1.09% |
Volatility
MASPTOP50.NS vs. ^GSPC - Volatility Comparison
Mirae Asset S&P 500 Top 50 ETF (MASPTOP50.NS) has a higher volatility of 4.06% compared to S&P 500 Index (^GSPC) at 3.51%. This indicates that MASPTOP50.NS's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MASPTOP50.NS | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 3.51% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 13.72% | 10.11% | +3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.53% | 12.87% | +4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.45% | 17.01% | +5.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.45% | 18.07% | +4.38% |
Frequently Asked Questions
MASPTOP50.NS and ^GSPC have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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