TFNS vs. INDF

Last updated Apr 1, 2026

Compare and contrast key facts about T. Rowe Price Financials ETF (TFNS) and Nifty India Financials ETF (INDF).

TFNS and INDF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFNS is an actively managed fund by T. Rowe Price. It was launched on Jun 11, 2025. INDF is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Nifty Financial Services 25/50 Index. It was launched on Oct 20, 2020.

Performance

TFNS vs. INDF - Performance Comparison

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

TFNS vs. INDF - Yearly Performance Comparison

	2026 (YTD)	2025
TFNS T. Rowe Price Financials ETF	-8.68%	10.41%
INDF Nifty India Financials ETF	0.00%	-3.49%

Returns By Period

TFNS

• 1D: 2.15%
• 1M: -3.39%
• YTD: -8.68%
• 6M: -5.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

INDF

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

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

TFNS vs. INDF - Expense Ratio Comparison

TFNS has a 0.44% expense ratio, which is lower than INDF's 0.75% expense ratio.

INDF

Nifty India Financials ETF

TFNS

T. Rowe Price Financials ETF

Return for Risk

TFNS vs. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Financials ETF (TFNS) 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.

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

Sharpe Ratios by Period

	TFNS	INDF	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	—	—

Correlation

The correlation between TFNS and INDF is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TFNS vs. INDF - Dividend Comparison

TFNS's dividend yield for the trailing twelve months is around 0.54%, less than INDF's 21.29% yield.

	TTM	2025	2024	2023	2022	2021
TFNS T. Rowe Price Financials ETF	0.54%	0.49%	0.00%	0.00%	0.00%	0.00%
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%

Drawdowns

Drawdown Indicators

	TFNS	INDF	Difference
Max Drawdown Largest peak-to-trough decline	-14.00%	—	—
Current Drawdown Current decline from peak	-11.23%	—	—
Average Drawdown Average peak-to-trough decline	-3.10%	—	—

Volatility

Volatility by Period

	TFNS	INDF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.50%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.50%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.50%	—	—