UTRN vs. INDF

Last updated Jun 4, 2026

UTRN (Vesper U.S. Large Cap Short-Term Reversal Strategy ETF) and INDF (Nifty India Financials ETF) are both exchange-traded funds - UTRN is a Large Cap Blend Equities fund tracking the Vesper US Large Cap Short-Term Reversal Index, while INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index. Both are passively managed. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

UTRN vs. INDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN) and Nifty India Financials ETF (INDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UTRN

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

INDF

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

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

UTRN vs. INDF - Yearly Performance Comparison

	2025 (YTD)	2024	2023	2022	2021	2020
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	-3.65%	28.82%	0.72%	-20.36%	30.54%	6.90%
INDF Nifty India Financials ETF	8.17%	6.32%	19.86%	-5.28%	11.95%	23.97%

Correlation

The correlation between UTRN and INDF is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.38

The correlation between UTRN and INDF shifts across timeframes, from 0.23 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

UTRN vs. INDF - Sectors Allocation Comparison

Sectors	UTRN	INDF
Financial Services	36.4%	100.0%
Technology	31.9%	-
Communication Services	8.0%	-
Basic Materials	7.9%	-
Energy	4.1%	-
Industrials	4.0%	-
Consumer Cyclical	3.9%	-
Healthcare	3.8%	-
Consumer Defensive	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

UTRN vs. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN) 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.

Drawdowns

Volatility

UTRN vs. INDF - Expense Ratio Comparison

Both UTRN and INDF have an expense ratio of 0.75%.

Dividends

UTRN vs. INDF - Dividend Comparison

UTRN has not paid dividends to shareholders, while INDF's dividend yield for the trailing twelve months is around 21.29%.

Position	TTM	2024	2023	2022	2021	2020	2019	2018
INDF Nifty India Financials ETF	21.29%	6.15%	8.84%	3.12%	1.58%	0.00%	0.00%	0.00%
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	0.00%	1.06%	2.75%	1.09%	24.51%	9.09%	3.77%	0.71%

Frequently Asked Questions

Can I hold both UTRN and INDF in my portfolio?

UTRN and INDF have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UTRN or INDF?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UTRN or INDF?

UTRN and INDF have the same expense ratio: 0.75% per year.

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

INDF has the higher dividend yield at 21.29%, compared with 0.00% for UTRN.

What is the main difference between UTRN and INDF?

UTRN is categorized as Large Cap Blend Equities, while INDF is Financials Equities. UTRN tracks Vesper US Large Cap Short-Term Reversal Index, while INDF tracks Nifty Financial Services 25/50 Index.