MASPTOP50.NS vs. ^GSPC

Last updated Jun 5, 2026

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. At a correlation of -0.09, they often move in opposite directions.

Performance

MASPTOP50.NS vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mirae Asset S&P 500 Top 50 ETF (MASPTOP50.NS) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MASPTOP50.NS achieves a 15.36% return, which is significantly higher than ^GSPC's 7.86% return.

MASPTOP50.NS

• 1D: -0.01%
• 1M: 5.66%
• YTD: 15.36%
• 6M: 14.10%
• 1Y: 52.64%
• 3Y*: 38.41%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: -2.64%
• 1M: 0.25%
• YTD: 7.86%
• 6M: 7.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MASPTOP50.NS vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025
MASPTOP50.NS Mirae Asset S&P 500 Top 50 ETF	15.36%	31.90%
^GSPC S&P 500 Index	7.86%	14.08%

Correlation

The correlation between MASPTOP50.NS and ^GSPC is -0.09, 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 (All Time) Calculated using the full available price history since Jun 9, 2025	-0.09

Return for Risk

MASPTOP50.NS vs. ^GSPC — Risk / Return Rank

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

MASPTOP50.NS

MASPTOP50.NS Risk / Return Rank: 88
MASPTOP50.NS Sharpe Ratio Rank: 88
MASPTOP50.NS Sortino Ratio Rank: 81
MASPTOP50.NS Omega Ratio Rank: 87
MASPTOP50.NS Calmar Ratio Rank: 93
MASPTOP50.NS Martin Ratio Rank: 90

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.

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.

	MASPTOP50.NS	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	2.91	—	—
Sortino ratio: Return per unit of downside risk	3.57	—	—
Omega ratio: Gain probability vs. loss probability	1.53	—	—
Calmar ratio: Return relative to maximum drawdown	6.70	—	—
Martin ratio: Return relative to average drawdown	20.63	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MASPTOP50.NS	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	1.91	-0.76

Drawdowns

MASPTOP50.NS vs. ^GSPC - Drawdown Comparison

The maximum MASPTOP50.NS drawdown since its inception was -29.85%, which is greater than ^GSPC's maximum drawdown of -9.10%. Use the drawdown chart below to compare losses from any high point for MASPTOP50.NS and ^GSPC.

Drawdown Indicators

	MASPTOP50.NS	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-29.85%	-9.10%	-20.75%
Max Drawdown (1Y) Largest decline over 1 year	-7.94%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.85%	—	—
Current Drawdown Current decline from peak	-0.48%	-2.97%	+2.49%
Average Drawdown Average peak-to-trough decline	-6.90%	-1.13%	-5.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	—	—

Volatility

Volatility by Period

	MASPTOP50.NS	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.34%	12.19%	+6.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.63%	12.19%	+10.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.63%	12.19%	+10.44%

Frequently Asked Questions

Can I hold both MASPTOP50.NS and ^GSPC in my portfolio?

MASPTOP50.NS and ^GSPC have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.