SEMI.AX vs. NDIA.AX
SEMI.AX (Global X Semiconductor ETF) and NDIA.AX (Global X India Nifty 50 ETF) are both Global Equities funds from Global X - SEMI.AX tracks the Global X Semiconductor Index while NDIA.AX tracks the Global X India Nifty 50 Index. Both are passively managed. Over the past 3 years, SEMI.AX returned 56.20%/yr vs -0.52%/yr for NDIA.AX. At a 0.18 correlation, their price movements are largely independent.
Performance
SEMI.AX vs. NDIA.AX - Performance Comparison
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Returns By Period
In the year-to-date period, SEMI.AX achieves a 73.20% return, which is significantly higher than NDIA.AX's -16.20% return.
SEMI.AX
- 1D
- -5.18%
- 1M
- -8.58%
- 6M
- 56.90%
- YTD
- 73.20%
- 1Y
- 121.94%
- 3Y*
- 56.20%
- 5Y*
- —
- 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*
- —
SEMI.AX vs. NDIA.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SEMI.AX Global X Semiconductor ETF | 73.20% | 43.80% | 35.17% | 69.12% | -30.92% | 15.60% |
NDIA.AX Global X India Nifty 50 ETF | -16.20% | -3.68% | 13.96% | 15.07% | 2.37% | 2.37% |
Correlation
The correlation between SEMI.AX and NDIA.AX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021 | 0.18 |
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Return for Risk
SEMI.AX vs. NDIA.AX — Risk / Return Rank
SEMI.AX
NDIA.AX
SEMI.AX vs. NDIA.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Semiconductor ETF (SEMI.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.
| SEMI.AX | NDIA.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.51 | ||
| Sortino ratioReturn per unit of downside risk | +5.49 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 0.81 | +0.70 |
| Calmar ratioReturn relative to maximum drawdown | 8.01 | -0.78 | +8.79 |
| Martin ratioReturn relative to average drawdown | 25.91 | -1.44 | +27.35 |
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Drawdowns
SEMI.AX vs. NDIA.AX - Drawdown Comparison
The maximum SEMI.AX drawdown since its inception was -38.85%, which is greater than NDIA.AX's maximum drawdown of -33.23%. Use the drawdown chart below to compare losses from any high point for SEMI.AX and NDIA.AX.
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Drawdown Indicators
| SEMI.AX | NDIA.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.85% | -33.23% | -5.62% |
Max Drawdown (1Y)Largest decline over 1 year | -14.32% | -24.49% | +10.17% |
Max Drawdown (3Y)Largest decline over 3 years | -32.53% | -26.05% | -6.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.05% | — |
Current DrawdownCurrent decline from peak | -14.32% | -21.81% | +7.49% |
Average DrawdownAverage peak-to-trough decline | -10.86% | -6.91% | -3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 13.40% | -8.92% |
Volatility
SEMI.AX vs. NDIA.AX - Volatility Comparison
Global X Semiconductor ETF (SEMI.AX) has a higher volatility of 15.14% compared to Global X India Nifty 50 ETF (NDIA.AX) at 5.23%. This indicates that SEMI.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
| SEMI.AX | NDIA.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.14% | 5.23% | +9.91% |
Volatility (6M)Calculated over the trailing 6-month period | 29.63% | 13.91% | +15.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.76% | 15.90% | +18.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.62% | 16.13% | +15.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.62% | 19.38% | +12.24% |
Dividends
SEMI.AX vs. NDIA.AX - Dividend Comparison
SEMI.AX's dividend yield for the trailing twelve months is around 7.62%, more than NDIA.AX's 2.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
NDIA.AX Global X India Nifty 50 ETF | 2.14% | 1.83% | 1.04% | 1.86% | 4.74% | 0.11% | 0.00% | 0.08% |
SEMI.AX Global X Semiconductor ETF | 7.62% | 5.60% | 3.44% | 0.54% | 0.96% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SEMI.AX and NDIA.AX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SEMI.AX tracks Global X Semiconductor Index, while NDIA.AX tracks Global X India Nifty 50 Index.
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