NDIA.AX vs. ROBO.AX
NDIA.AX (Global X India Nifty 50 ETF) and ROBO.AX (Global X ROBO Global Robotics & Automation ETF) are both Global Equities funds from Global X - NDIA.AX tracks the Global X India Nifty 50 Index while ROBO.AX tracks the Global X ROBO Global Robotics & Automation Index. Both are passively managed. Over the past 5 years, NDIA.AX returned 3.53%/yr vs 6.26%/yr for ROBO.AX. At a 0.26 correlation, their price movements are largely independent.
Performance
NDIA.AX vs. ROBO.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 ROBO.AX's 10.71% 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*
- —
ROBO.AX
- 1D
- -0.97%
- 1M
- -3.97%
- 6M
- 4.45%
- YTD
- 10.71%
- 1Y
- 25.10%
- 3Y*
- 10.55%
- 5Y*
- 6.26%
- 10Y*
- —
NDIA.AX vs. ROBO.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% |
ROBO.AX Global X ROBO Global Robotics & Automation ETF | 10.71% | 15.06% | 8.41% | 22.97% | -28.81% | 22.23% | 32.89% | 9.61% |
Correlation
The correlation between NDIA.AX and ROBO.AX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2019 | 0.26 |
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Return for Risk
NDIA.AX vs. ROBO.AX — Risk / Return Rank
NDIA.AX
ROBO.AX
NDIA.AX vs. ROBO.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 Global X ROBO Global Robotics & Automation ETF (ROBO.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 | ROBO.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.21 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 1.88 | -2.67 |
| Martin ratioReturn relative to average drawdown | -1.44 | 5.71 | -7.15 |
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Drawdowns
NDIA.AX vs. ROBO.AX - Drawdown Comparison
The maximum NDIA.AX drawdown since its inception was -33.23%, roughly equal to the maximum ROBO.AX drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for NDIA.AX and ROBO.AX.
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Drawdown Indicators
| NDIA.AX | ROBO.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.23% | -34.87% | +1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -24.49% | -13.46% | -11.03% |
Max Drawdown (3Y)Largest decline over 3 years | -26.05% | -25.40% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -26.05% | -34.87% | +8.82% |
Current DrawdownCurrent decline from peak | -21.81% | -9.33% | -12.48% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -9.97% | +3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.40% | 4.49% | +8.91% |
Volatility
NDIA.AX vs. ROBO.AX - Volatility Comparison
The current volatility for Global X India Nifty 50 ETF (NDIA.AX) is 5.23%, while Global X ROBO Global Robotics & Automation ETF (ROBO.AX) has a volatility of 7.93%. This indicates that NDIA.AX experiences smaller price fluctuations and is considered to be less risky than ROBO.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 | ROBO.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 7.93% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 13.91% | 19.03% | -5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 22.37% | -6.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 20.03% | -3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.38% | 19.76% | -0.38% |
Dividends
NDIA.AX vs. ROBO.AX - Dividend Comparison
NDIA.AX's dividend yield for the trailing twelve months is around 2.14%, less than ROBO.AX's 10.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
ROBO.AX Global X ROBO Global Robotics & Automation ETF | 10.35% | 0.20% | 0.19% | 0.53% | 8.00% | 8.53% | 0.62% | 0.31% | 2.09% |
Frequently Asked Questions
NDIA.AX and ROBO.AX have a correlation of 0.22, 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 ROBO.AX tracks Global X ROBO Global Robotics & Automation Index.
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