MASPTOP50.NS vs. ^GSPC

Last updated Apr 3, 2026

Compare and contrast key facts about Mirae Asset S&P 500 Top 50 ETF (MASPTOP50.NS) and S&P 500 Index (^GSPC).

MASPTOP50.NS is a passively managed fund by Mirae Asset that tracks the performance of the S&P 500 Top 50 Total Return Index. It was launched on Sep 20, 2021.

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.

MASPTOP50.NS vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MASPTOP50.NS Mirae Asset S&P 500 Top 50 ETF	-2.66%	22.47%	65.09%	36.63%	-16.15%	9.02%
^GSPC S&P 500 Index	-3.84%	16.39%	23.31%	24.23%	-19.44%	7.27%

Returns By Period

In the year-to-date period, MASPTOP50.NS achieves a -2.66% return, which is significantly higher than ^GSPC's -3.84% return.

MASPTOP50.NS

• 1D: 3.15%
• 1M: -0.46%
• YTD: -2.66%
• 6M: 1.65%
• 1Y: 45.78%
• 3Y*: 34.18%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.11%
• 1M: -3.43%
• YTD: -3.84%
• 6M: -1.98%
• 1Y: 16.08%
• 3Y*: 16.86%
• 5Y*: 10.37%
• 10Y*: 12.29%

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

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: 93
MASPTOP50.NS Sharpe Ratio Rank: 93
MASPTOP50.NS Sortino Ratio Rank: 93
MASPTOP50.NS Omega Ratio Rank: 91
MASPTOP50.NS Calmar Ratio Rank: 96
MASPTOP50.NS Martin Ratio Rank: 93

^GSPC

^GSPC Risk / Return Rank: 58
^GSPC Sharpe Ratio Rank: 52
^GSPC Sortino Ratio Rank: 55
^GSPC Omega Ratio Rank: 59
^GSPC Calmar Ratio Rank: 52
^GSPC Martin Ratio Rank: 71

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	2.32	0.88	+1.44
Sortino ratio Return per unit of downside risk	2.93	1.37	+1.56
Omega ratio Gain probability vs. loss probability	1.42	1.21	+0.21
Calmar ratio Return relative to maximum drawdown	5.22	1.39	+3.83
Martin ratio Return relative to average drawdown	15.33	6.43	+8.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MASPTOP50.NS vs. ^GSPC - Sharpe Ratio Comparison

The current MASPTOP50.NS Sharpe Ratio is 2.32, which is higher than the ^GSPC Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of MASPTOP50.NS and ^GSPC, 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

	MASPTOP50.NS	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	0.88	+1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.46	+0.52

Correlation

The correlation between MASPTOP50.NS and ^GSPC is 0.11, 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

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.

Drawdown Indicators

	MASPTOP50.NS	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-29.85%	-56.78%	+26.93%
Max Drawdown (1Y) Largest decline over 1 year	-7.94%	-9.10%	+1.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-4.49%	-5.67%	+1.18%
Average Drawdown Average peak-to-trough decline	-7.13%	-10.75%	+3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	2.62%	+0.09%

Volatility

MASPTOP50.NS vs. ^GSPC - Volatility Comparison

Mirae Asset S&P 500 Top 50 ETF (MASPTOP50.NS) has a higher volatility of 8.62% compared to S&P 500 Index (^GSPC) at 5.29%. 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.

Volatility by Period

	MASPTOP50.NS	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.62%	5.29%	+3.33%
Volatility (6M) Calculated over the trailing 6-month period	13.46%	9.55%	+3.91%
Volatility (1Y) Calculated over the trailing 1-year period	20.10%	18.33%	+1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.89%	16.90%	+5.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.89%	18.04%	+4.85%