NDIA vs. IUIT.L
Compare and contrast key facts about Global X Funds - Global X India Active ETF (NDIA) and iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L).
NDIA and IUIT.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NDIA is an actively managed fund by Global X. It was launched on Aug 17, 2023. IUIT.L is a passively managed fund by iShares that tracks the performance of the S&P 500 Capped 35/20 Information Technology Index. It was launched on Nov 20, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDIA or IUIT.L.
Key characteristics
| NDIA | IUIT.L | |
|---|---|---|
| YTD Return | 8.05% | 35.84% |
| 1Y Return | 17.92% | 46.08% |
| Sharpe Ratio | 1.26 | 2.13 |
| Sortino Ratio | 1.67 | 2.80 |
| Omega Ratio | 1.25 | 1.37 |
| Calmar Ratio | 1.79 | 2.98 |
| Martin Ratio | 6.14 | 9.96 |
| Ulcer Index | 2.85% | 4.38% |
| Daily Std Dev | 13.95% | 20.48% |
| Max Drawdown | -9.80% | -33.46% |
| Current Drawdown | -9.80% | -0.50% |
Correlation
The correlation between NDIA and IUIT.L is 0.16, 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.
Performance
NDIA vs. IUIT.L - Performance Comparison
In the year-to-date period, NDIA achieves a 8.05% return, which is significantly lower than IUIT.L's 35.84% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NDIA vs. IUIT.L - Expense Ratio Comparison
NDIA has a 0.76% expense ratio, which is higher than IUIT.L's 0.15% expense ratio.
Risk-Adjusted Performance
NDIA vs. IUIT.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Funds - Global X India Active ETF (NDIA) and iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L). 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.
Dividends
NDIA vs. IUIT.L - Dividend Comparison
NDIA's dividend yield for the trailing twelve months is around 0.26%, while IUIT.L has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
NDIA Global X Funds - Global X India Active ETF | 0.26% | 0.28% |
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF | 0.00% | 0.00% |
Drawdowns
NDIA vs. IUIT.L - Drawdown Comparison
The maximum NDIA drawdown since its inception was -9.80%, smaller than the maximum IUIT.L drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for NDIA and IUIT.L. For additional features, visit the drawdowns tool.
Volatility
NDIA vs. IUIT.L - Volatility Comparison
The current volatility for Global X Funds - Global X India Active ETF (NDIA) is 3.53%, while iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) has a volatility of 5.78%. This indicates that NDIA experiences smaller price fluctuations and is considered to be less risky than IUIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.