NDIA vs. SPY
Compare and contrast key facts about Global X Funds - Global X India Active ETF (NDIA) and SPDR S&P 500 ETF (SPY).
NDIA and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDIA or SPY.
Key characteristics
| NDIA | SPY | |
|---|---|---|
| YTD Return | 8.49% | 27.04% |
| 1Y Return | 19.16% | 39.75% |
| Sharpe Ratio | 1.32 | 3.15 |
| Sortino Ratio | 1.75 | 4.19 |
| Omega Ratio | 1.26 | 1.59 |
| Calmar Ratio | 1.90 | 4.60 |
| Martin Ratio | 6.74 | 20.85 |
| Ulcer Index | 2.73% | 1.85% |
| Daily Std Dev | 13.94% | 12.29% |
| Max Drawdown | -9.67% | -55.19% |
| Current Drawdown | -9.44% | 0.00% |
Correlation
The correlation between NDIA and SPY is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NDIA vs. SPY - Performance Comparison
In the year-to-date period, NDIA achieves a 8.49% return, which is significantly lower than SPY's 27.04% 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. SPY - Expense Ratio Comparison
NDIA has a 0.76% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
NDIA vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
NDIA's dividend yield for the trailing twelve months is around 0.26%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDIA Global X Funds - Global X India Active ETF | 0.26% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
NDIA vs. SPY - Drawdown Comparison
The maximum NDIA drawdown since its inception was -9.67%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NDIA and SPY. For additional features, visit the drawdowns tool.
Volatility
NDIA vs. SPY - Volatility Comparison
The current volatility for Global X Funds - Global X India Active ETF (NDIA) is 3.35%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. This indicates that NDIA experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.