ROBO.AX vs. NDIA.AX
ROBO.AX (Global X ROBO Global Robotics & Automation ETF) and NDIA.AX (Global X India Nifty 50 ETF) are both Global Equities funds from Global X - ROBO.AX tracks the Global X ROBO Global Robotics & Automation Index while NDIA.AX tracks the Global X India Nifty 50 Index. Both are passively managed. Over the past 5 years, ROBO.AX returned 6.26%/yr vs 3.53%/yr for NDIA.AX. At a 0.26 correlation, their price movements are largely independent.
Performance
ROBO.AX vs. NDIA.AX - Performance Comparison
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Returns By Period
In the year-to-date period, ROBO.AX achieves a 10.71% return, which is significantly higher than NDIA.AX's -16.20% return.
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
- 1D
- -0.32%
- 1M
- -0.09%
- 6M
- -14.59%
- YTD
- -16.20%
- 1Y
- -19.09%
- 3Y*
- -0.52%
- 5Y*
- 3.53%
- 10Y*
- —
ROBO.AX vs. NDIA.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% |
NDIA.AX Global X India Nifty 50 ETF | -16.20% | -3.68% | 13.96% | 15.07% | 2.37% | 24.83% | -0.22% | 0.08% |
Correlation
The correlation between ROBO.AX and NDIA.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
ROBO.AX vs. NDIA.AX — Risk / Return Rank
ROBO.AX
NDIA.AX
ROBO.AX vs. NDIA.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X ROBO Global Robotics & Automation ETF (ROBO.AX) and Global X India Nifty 50 ETF (NDIA.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.
| ROBO.AX | NDIA.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 | 1.21 | 0.81 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | -0.78 | +2.67 |
| Martin ratioReturn relative to average drawdown | 5.71 | -1.44 | +7.15 |
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Drawdowns
ROBO.AX vs. NDIA.AX - Drawdown Comparison
The maximum ROBO.AX drawdown since its inception was -34.87%, roughly equal to the maximum NDIA.AX drawdown of -33.23%. Use the drawdown chart below to compare losses from any high point for ROBO.AX and NDIA.AX.
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Drawdown Indicators
| ROBO.AX | NDIA.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -33.23% | -1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -13.46% | -24.49% | +11.03% |
Max Drawdown (3Y)Largest decline over 3 years | -25.40% | -26.05% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | -26.05% | -8.82% |
Current DrawdownCurrent decline from peak | -9.33% | -21.81% | +12.48% |
Average DrawdownAverage peak-to-trough decline | -9.97% | -6.91% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 13.40% | -8.91% |
Volatility
ROBO.AX vs. NDIA.AX - Volatility Comparison
Global X ROBO Global Robotics & Automation ETF (ROBO.AX) has a higher volatility of 7.93% compared to Global X India Nifty 50 ETF (NDIA.AX) at 5.23%. This indicates that ROBO.AX's price experiences larger fluctuations and is considered to be riskier than NDIA.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROBO.AX | NDIA.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.93% | 5.23% | +2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 19.03% | 13.91% | +5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.37% | 15.90% | +6.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.03% | 16.13% | +3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.76% | 19.38% | +0.38% |
Dividends
ROBO.AX vs. NDIA.AX - Dividend Comparison
ROBO.AX's dividend yield for the trailing twelve months is around 10.35%, more than NDIA.AX's 2.14% 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
ROBO.AX and NDIA.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.
ROBO.AX tracks Global X ROBO Global Robotics & Automation Index, while NDIA.AX tracks Global X India Nifty 50 Index.
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