SHUS vs. INDF

Last updated Aug 4, 2026

SHUS (Stratified LargeCap Hedged ETF) and INDF (Nifty India Financials ETF) are both exchange-traded funds - SHUS is a Equity Hedged fund actively managed by Exchange Traded Concepts, while INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index. SHUS is actively managed, while INDF is passively managed. Their 0.21 correlation means their historical movements had little consistent relationship. SHUS charges 0.79%/yr vs 0.75%/yr for INDF.

Performance

SHUS vs. INDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Stratified LargeCap Hedged ETF (SHUS) and Nifty India Financials ETF (INDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SHUS

• 1D: 0.74%
• 1M: 0.95%
• 6M: 8.10%
• YTD: 11.99%
• 1Y: 18.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.87%

INDF

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SHUS Stratified LargeCap Hedged ETF	$376.99	$481.64	$2.74K

SHUS vs. INDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SHUS Stratified LargeCap Hedged ETF	11.99%	10.89%	-2.65%
INDF Nifty India Financials ETF	0.00%	8.17%	-9.66%

Correlation

The correlation between SHUS and INDF is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.02
Correlation (All Time) Calculated using the full available price history since Sep 30, 2024	0.21

The correlation between SHUS and INDF shifts across timeframes, from -0.02 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

SHUS vs. INDF - Sectors Allocation Comparison

Sectors	SHUS	INDF
Technology	15.9%	-
Consumer Cyclical	13.2%	-
Consumer Defensive	12.8%	-
Healthcare	12.7%	-
Industrials	10.7%	-
Financial Services	10.4%	100.0%
Utilities	6.4%	-
Communication Services	6.3%	-
Energy	6.0%	-
Real Estate	3.5%	-
Basic Materials	2.2%	-

Return for Risk

SHUS vs. INDF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SHUS

SHUS Risk / Return Rank: 76
SHUS Sharpe Ratio Rank: 77
SHUS Sortino Ratio Rank: 80
SHUS Omega Ratio Rank: 75
SHUS Calmar Ratio Rank: 73
SHUS Martin Ratio Rank: 74

INDF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SHUS vs. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Stratified LargeCap Hedged ETF (SHUS) 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.

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.

	SHUS	INDF	Difference
Sharpe ratio: Return per unit of total volatility	1.89	—	—
Sortino ratio: Return per unit of downside risk	2.77	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.74	—	—
Martin ratio: Return relative to average drawdown	9.87	—	—

Drawdowns

Drawdown Indicators

	SHUS	INDF	Difference
Max Drawdown Largest peak-to-trough decline	-14.09%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.95%	—	—
Current Drawdown Current decline from peak	-0.33%	—	—
Average Drawdown Average peak-to-trough decline	-2.47%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	—	—

Volatility

Volatility by Period

	SHUS	INDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.09%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.41%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.41%	—	—

SHUS vs. INDF - Expense Ratio Comparison

SHUS has a 0.79% expense ratio, which is higher than INDF's 0.75% expense ratio.

Dividends

SHUS vs. INDF - Dividend Comparison

SHUS's dividend yield for the trailing twelve months is around 1.23%, while INDF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%
SHUS Stratified LargeCap Hedged ETF	1.23%	1.37%	0.26%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SHUS and INDF in my portfolio?

SHUS and INDF have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SHUS or INDF?

On fees, INDF is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SHUS or INDF?

INDF is cheaper with a 0.75% expense ratio, compared with 0.79% for SHUS.

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

INDF has the higher dividend yield at 21.29%, compared with 1.23% for SHUS.

What is the main difference between SHUS and INDF?

SHUS is categorized as Equity Hedged, while INDF is Financials Equities. Their fees differ too: 0.79% for SHUS and 0.75% for INDF.