THNQ vs. INDF

Last updated Jun 4, 2026

THNQ (ROBO Global Artificial Intelligence ETF) and INDF (Nifty India Financials ETF) are both exchange-traded funds - THNQ is a Technology Equities fund tracking the ROBO Global Artificial Intelligence Index, while INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index. Both are passively managed. At a 0.37 correlation, their price movements are largely independent. THNQ charges 0.68%/yr vs 0.75%/yr for INDF.

Performance

THNQ vs. INDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ROBO Global Artificial Intelligence ETF (THNQ) and Nifty India Financials ETF (INDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

THNQ

• 1D: -2.20%
• 1M: 22.90%
• YTD: 44.05%
• 6M: 40.99%
• 1Y: 79.25%
• 3Y*: 37.91%
• 5Y*: 17.90%
• 10Y*: —

INDF

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

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

THNQ vs. INDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
THNQ ROBO Global Artificial Intelligence ETF	44.05%	29.83%	18.82%	56.81%	-39.84%	9.10%	16.78%
INDF Nifty India Financials ETF	0.00%	8.17%	6.32%	19.86%	-5.28%	11.95%	23.97%

Correlation

The correlation between THNQ and INDF is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.37

Over the past year, the correlation between THNQ and INDF has dropped to 0.04 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

THNQ vs. INDF - Sectors Allocation Comparison

Sectors	THNQ	INDF
Technology	71.6%	-
Communication Services	10.3%	-
Consumer Cyclical	9.2%	-
Healthcare	5.6%	-
Financial Services	1.3%	100.0%
Industrials	1.1%	-
Real Estate	0.9%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Utilities	-	-

Return for Risk

THNQ vs. INDF — Risk / Return Rank

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

THNQ

THNQ Risk / Return Rank: 80
THNQ Sharpe Ratio Rank: 88
THNQ Sortino Ratio Rank: 79
THNQ Omega Ratio Rank: 76
THNQ Calmar Ratio Rank: 81
THNQ Martin Ratio Rank: 74

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.

THNQ vs. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ROBO Global Artificial Intelligence ETF (THNQ) 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.

	THNQ	INDF	Difference
Sharpe ratio: Return per unit of total volatility	3.01	—	—
Sortino ratio: Return per unit of downside risk	3.58	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	4.33	—	—
Martin ratio: Return relative to average drawdown	14.31	—	—
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

	THNQ	INDF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.01	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	—	—

Drawdowns

Drawdown Indicators

	THNQ	INDF	Difference
Max Drawdown Largest peak-to-trough decline	-50.56%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-18.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-50.56%	—	—
Current Drawdown Current decline from peak	-2.20%	—	—
Average Drawdown Average peak-to-trough decline	-15.07%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.56%	—	—

Volatility

Volatility by Period

	THNQ	INDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.47%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.09%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.66%	—	—

THNQ vs. INDF - Expense Ratio Comparison

THNQ has a 0.68% expense ratio, which is lower than INDF's 0.75% expense ratio.

Dividends

THNQ vs. INDF - Dividend Comparison

THNQ's dividend yield for the trailing twelve months is around 0.14%, less than INDF's 21.29% yield.

Position	TTM	2025	2024	2023	2022	2021
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%
THNQ ROBO Global Artificial Intelligence ETF	0.14%	0.20%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both THNQ and INDF in my portfolio?

THNQ and INDF have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, THNQ or INDF?

On fees, THNQ is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, THNQ or INDF?

THNQ is cheaper with a 0.68% expense ratio, compared with 0.75% for INDF.

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

INDF has the higher dividend yield at 21.29%, compared with 0.14% for THNQ.

What is the main difference between THNQ and INDF?

THNQ is categorized as Technology Equities, while INDF is Financials Equities. THNQ tracks ROBO Global Artificial Intelligence Index, while INDF tracks Nifty Financial Services 25/50 Index. Their fees differ too: 0.68% for THNQ and 0.75% for INDF.