NDIA vs. IND

Last updated Jul 16, 2026

NDIA (Global X Funds - Global X India Active ETF) and IND (Xtrackers Nifty 500 India ETF) are both India Equities funds. NDIA is actively managed, while IND is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. NDIA charges 0.76%/yr vs 0.19%/yr for IND.

Performance

NDIA vs. IND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Funds - Global X India Active ETF (NDIA) and Xtrackers Nifty 500 India ETF (IND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NDIA achieves a -8.77% return, which is significantly lower than IND's -8.13% return.

NDIA

• 1D: 0.30%
• 1M: 1.63%
• 6M: -7.66%
• YTD: -8.77%
• 1Y: -9.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IND

• 1D: 0.00%
• 1M: 0.74%
• 6M: -6.25%
• YTD: -8.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NDIA vs. IND - Yearly Performance Comparison

	2026 (YTD)	2025
NDIA Global X Funds - Global X India Active ETF	-8.77%	0.05%
IND Xtrackers Nifty 500 India ETF	-8.13%	-0.34%

Correlation

The correlation between NDIA and IND is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.76

Return for Risk

NDIA vs. IND — Risk / Return Rank

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

NDIA

NDIA Risk / Return Rank: 4
NDIA Sharpe Ratio Rank: 5
NDIA Sortino Ratio Rank: 4
NDIA Omega Ratio Rank: 4
NDIA Calmar Ratio Rank: 5
NDIA Martin Ratio Rank: 3

IND

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

NDIA vs. IND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Funds - Global X India Active ETF (NDIA) and Xtrackers Nifty 500 India ETF (IND). 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	IND	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	—	—
Sortino ratio: Return per unit of downside risk	-0.74	—	—
Omega ratio: Gain probability vs. loss probability	0.92	—	—
Calmar ratio: Return relative to maximum drawdown	-0.54	—	—
Martin ratio: Return relative to average drawdown	-1.25	—	—

Drawdowns

NDIA vs. IND - Drawdown Comparison

The maximum NDIA drawdown since its inception was -22.05%, which is greater than IND's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for NDIA and IND.

Drawdown Indicators

	NDIA	IND	Difference
Max Drawdown Largest peak-to-trough decline	-22.05%	-18.75%	-3.30%
Max Drawdown (1Y) Largest decline over 1 year	-17.09%	—	—
Current Drawdown Current decline from peak	-15.41%	-9.32%	-6.09%
Average Drawdown Average peak-to-trough decline	-7.40%	-7.88%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.34%	—	—

Volatility

Volatility by Period

	NDIA	IND	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.09%	19.17%	-3.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.59%	19.17%	-3.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.59%	19.17%	-3.58%

NDIA vs. IND - Expense Ratio Comparison

NDIA has a 0.76% expense ratio, which is higher than IND's 0.19% expense ratio.

Dividends

NDIA vs. IND - Dividend Comparison

NDIA's dividend yield for the trailing twelve months is around 1.20%, more than IND's 0.34% yield.

Position	TTM	2025	2024	2023
IND Xtrackers Nifty 500 India ETF	0.34%	0.00%	0.00%	0.00%
NDIA Global X Funds - Global X India Active ETF	1.20%	1.10%	3.66%	0.28%

Frequently Asked Questions

Can I hold both NDIA and IND in my portfolio?

NDIA and IND have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NDIA or IND?

On fees, IND is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NDIA or IND?

IND is cheaper with a 0.19% expense ratio, compared with 0.76% for NDIA.

Which ETF pays a higher dividend yield, NDIA or IND?

NDIA has the higher dividend yield at 1.20%, compared with 0.34% for IND.

What is the main difference between NDIA and IND?

They also come from different issuers: Global X and Xtrackers. Their fees differ too: 0.76% for NDIA and 0.19% for IND.