NDIA.AX vs. ESGI.AX
NDIA.AX (Global X India Nifty 50 ETF) and ESGI.AX (VanEck MSCI International Sustainable Equity ETF) are both Global Equities funds - NDIA.AX tracks the Global X India Nifty 50 Index while ESGI.AX tracks the MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped Index. Both are passively managed. Over the past 5 years, NDIA.AX returned 3.53%/yr vs 10.39%/yr for ESGI.AX. At a 0.32 correlation, their price movements are largely independent.
Performance
NDIA.AX vs. ESGI.AX - Performance Comparison
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Returns By Period
In the year-to-date period, NDIA.AX achieves a -16.20% return, which is significantly lower than ESGI.AX's 6.43% return.
NDIA.AX
- 1D
- -0.32%
- 1M
- -0.09%
- 6M
- -14.59%
- YTD
- -16.20%
- 1Y
- -19.09%
- 3Y*
- -0.52%
- 5Y*
- 3.53%
- 10Y*
- —
ESGI.AX
- 1D
- -0.45%
- 1M
- 4.59%
- 6M
- 4.93%
- YTD
- 6.43%
- 1Y
- 8.19%
- 3Y*
- 14.32%
- 5Y*
- 10.39%
- 10Y*
- —
NDIA.AX vs. ESGI.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NDIA.AX Global X India Nifty 50 ETF | -16.20% | -3.68% | 13.96% | 15.07% | 2.37% | 24.83% | -0.22% | 0.08% |
ESGI.AX VanEck MSCI International Sustainable Equity ETF | 6.43% | 6.29% | 23.14% | 16.95% | -7.32% | 24.77% | 4.97% | 10.53% |
Correlation
The correlation between NDIA.AX and ESGI.AX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2019 | 0.32 |
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Return for Risk
NDIA.AX vs. ESGI.AX — Risk / Return Rank
NDIA.AX
ESGI.AX
NDIA.AX vs. ESGI.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X India Nifty 50 ETF (NDIA.AX) and VanEck MSCI International Sustainable Equity ETF (ESGI.AX). 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.
| NDIA.AX | ESGI.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.12 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 0.60 | -1.38 |
| Martin ratioReturn relative to average drawdown | -1.44 | 1.38 | -2.82 |
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Drawdowns
NDIA.AX vs. ESGI.AX - Drawdown Comparison
The maximum NDIA.AX drawdown since its inception was -33.23%, which is greater than ESGI.AX's maximum drawdown of -22.88%. Use the drawdown chart below to compare losses from any high point for NDIA.AX and ESGI.AX.
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Drawdown Indicators
| NDIA.AX | ESGI.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.23% | -22.88% | -10.35% |
Max Drawdown (1Y)Largest decline over 1 year | -24.49% | -14.92% | -9.57% |
Max Drawdown (3Y)Largest decline over 3 years | -26.05% | -14.92% | -11.13% |
Max Drawdown (5Y)Largest decline over 5 years | -26.05% | -19.38% | -6.67% |
Current DrawdownCurrent decline from peak | -21.81% | -1.00% | -20.81% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -4.51% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.40% | 6.53% | +6.87% |
Volatility
NDIA.AX vs. ESGI.AX - Volatility Comparison
Global X India Nifty 50 ETF (NDIA.AX) has a higher volatility of 5.23% compared to VanEck MSCI International Sustainable Equity ETF (ESGI.AX) at 3.61%. This indicates that NDIA.AX's price experiences larger fluctuations and is considered to be riskier than ESGI.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDIA.AX | ESGI.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 3.61% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 13.91% | 12.18% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 14.33% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 13.00% | +3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.38% | 13.86% | +5.52% |
Dividends
NDIA.AX vs. ESGI.AX - Dividend Comparison
NDIA.AX's dividend yield for the trailing twelve months is around 2.14%, less than ESGI.AX's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESGI.AX VanEck MSCI International Sustainable Equity ETF | 2.71% | 6.43% | 6.58% | 3.35% | 2.39% | 1.42% | 1.50% | 1.55% | 0.52% |
NDIA.AX Global X India Nifty 50 ETF | 2.14% | 1.83% | 1.04% | 1.86% | 4.74% | 0.11% | 0.00% | 0.08% | 0.00% |
Frequently Asked Questions
NDIA.AX and ESGI.AX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NDIA.AX tracks Global X India Nifty 50 Index, while ESGI.AX tracks MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped Index. They also come from different issuers: Global X and VanEck.
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