NETL vs. INDF

Last updated Jun 4, 2026

NETL (NETLease Corporate Real Estate ETF) and INDF (Nifty India Financials ETF) are both exchange-traded funds - NETL is a REIT fund tracking the Fundamental Income Net Lease Real Estate Index, while INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index. Both are passively managed. At a 0.30 correlation, their price movements are largely independent. NETL charges 0.60%/yr vs 0.75%/yr for INDF.

Performance

NETL vs. INDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NETLease Corporate Real Estate ETF (NETL) and Nifty India Financials ETF (INDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NETL

• 1D: -1.14%
• 1M: -1.07%
• YTD: 10.34%
• 6M: 9.20%
• 1Y: 11.59%
• 3Y*: 7.12%
• 5Y*: 1.33%
• 10Y*: —

INDF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NETL vs. INDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NETL NETLease Corporate Real Estate ETF	10.34%	6.05%	-1.08%	2.69%	-16.16%	27.36%	14.66%
INDF Nifty India Financials ETF	0.00%	8.17%	6.32%	19.86%	-5.28%	11.95%	23.97%

Correlation

The correlation between NETL and INDF is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.30

The correlation between NETL and INDF shifts across timeframes, from 0.13 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.

NETL vs. INDF - Sectors Allocation Comparison

Sectors	NETL	INDF
Real Estate	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.0%
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

NETL vs. INDF — Risk / Return Rank

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

NETL

NETL Risk / Return Rank: 25
NETL Sharpe Ratio Rank: 24
NETL Sortino Ratio Rank: 23
NETL Omega Ratio Rank: 22
NETL Calmar Ratio Rank: 26
NETL Martin Ratio Rank: 29

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.

NETL vs. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NETLease Corporate Real Estate ETF (NETL) and Nifty India Financials ETF (INDF). 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.

	NETL	INDF	Difference
Sharpe ratio: Return per unit of total volatility	0.86	—	—
Sortino ratio: Return per unit of downside risk	1.26	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	1.27	—	—
Martin ratio: Return relative to average drawdown	3.99	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NETL	INDF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	—	—

Drawdowns

Drawdown Indicators

	NETL	INDF	Difference
Max Drawdown Largest peak-to-trough decline	-51.48%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.74%	—	—
Current Drawdown Current decline from peak	-3.68%	—	—
Average Drawdown Average peak-to-trough decline	-11.65%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	—	—

Volatility

Volatility by Period

	NETL	INDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.57%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.94%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.92%	—	—

NETL vs. INDF - Expense Ratio Comparison

NETL has a 0.60% expense ratio, which is lower than INDF's 0.75% expense ratio.

Dividends

NETL vs. INDF - Dividend Comparison

NETL's dividend yield for the trailing twelve months is around 4.83%, less than INDF's 21.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%	0.00%	0.00%
NETL NETLease Corporate Real Estate ETF	4.83%	5.12%	5.08%	4.57%	4.47%	4.03%	3.98%	2.52%

Frequently Asked Questions

Can I hold both NETL and INDF in my portfolio?

NETL and INDF have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NETL or INDF?

On fees, NETL is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NETL or INDF?

NETL is cheaper with a 0.60% expense ratio, compared with 0.75% for INDF.

Which ETF pays a higher dividend yield, NETL or INDF?

INDF has the higher dividend yield at 21.29%, compared with 4.83% for NETL.

What is the main difference between NETL and INDF?

NETL is categorized as REIT, while INDF is Financials Equities. NETL tracks Fundamental Income Net Lease Real Estate Index, while INDF tracks Nifty Financial Services 25/50 Index. Their fees differ too: 0.60% for NETL and 0.75% for INDF.