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VUSA.MI vs. NDIA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VUSA.MI vs. NDIA

Last updated Jun 13, 2026

VUSA.MI (Vanguard S&P 500 UCITS ETF) and NDIA (Global X Funds - Global X India Active ETF) are both exchange-traded funds - VUSA.MI is a S&P 500 fund tracking the S&P 500 Index, while NDIA is a Asia Pacific Equities fund actively managed by Global X. VUSA.MI is passively managed, while NDIA is actively managed. Over the past year, VUSA.MI returned 24.42% vs -11.33% for NDIA. At a 0.29 correlation, their price movements are largely independent. VUSA.MI charges 0.07%/yr vs 0.76%/yr for NDIA.

Performance

VUSA.MI vs. NDIA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard S&P 500 UCITS ETF (VUSA.MI) and Global X Funds - Global X India Active ETF (NDIA). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VUSA.MI is traded in EUR, while NDIA is traded in USD. To make them comparable, the NDIA values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VUSA.MI achieves a 9.81% return, which is significantly higher than NDIA's -10.16% return.

VUSA.MI

1D
1.51%
1M
1.58%
YTD
9.81%
6M
11.04%
1Y
24.42%
3Y*
17.93%
5Y*
14.23%
10Y*
—

NDIA

1D
1.33%
1M
1.64%
YTD
-10.16%
6M
-8.36%
1Y
-11.33%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VUSA.MI vs. NDIA - Yearly Performance Comparison

2026 (YTD)202520242023
VUSA.MI
Vanguard S&P 500 UCITS ETF		9.81%4.38%33.56%6.92%
NDIA
Global X Funds - Global X India Active ETF		-10.16%-7.43%12.73%11.08%

Correlation

The correlation between VUSA.MI and NDIA is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (All Time)
Calculated using the full available price history since Aug 18, 2023

0.29

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard S&P 500 UCITS ETF

Global X Funds - Global X India Active ETF

Often compared with VUSA.MI:
VUSA.MI vs. VOOVUSA.MI vs. TDIV.ASVUSA.MI vs. VWCE.DEVUSA.MI vs. SWDA.LVUSA.MI vs. IUSA.MIVUSA.MI vs. VGTVUSA.MI vs. ^GSPC
Often compared with NDIA:
NDIA vs. INDANDIA vs. INDYNDIA vs. DGINNDIA vs. INCONDIA vs. EPINDIA vs. SPYNDIA vs. IITU.L

Return for Risk

VUSA.MI vs. NDIA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VUSA.MI
VUSA.MI Risk / Return Rank: 7575
Overall Rank
VUSA.MI Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
VUSA.MI Sortino Ratio Rank: 7474
Sortino Ratio Rank
VUSA.MI Omega Ratio Rank: 7676
Omega Ratio Rank
VUSA.MI Calmar Ratio Rank: 7676
Calmar Ratio Rank
VUSA.MI Martin Ratio Rank: 7272
Martin Ratio Rank
NDIA
NDIA Risk / Return Rank: 33
Overall Rank
NDIA Sharpe Ratio Rank: 44
Sharpe Ratio Rank
NDIA Sortino Ratio Rank: 44
Sortino Ratio Rank
NDIA Omega Ratio Rank: 44
Omega Ratio Rank
NDIA Calmar Ratio Rank: 44
Calmar Ratio Rank
NDIA Martin Ratio Rank: 11
Martin Ratio Rank
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.

VUSA.MI vs. NDIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS ETF (VUSA.MI) and Global X Funds - Global X India Active ETF (NDIA). 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.

VUSA.MINDIADifference
Sharpe ratioReturn per unit of total volatility
2.11
-0.73

+2.84

Sortino ratioReturn per unit of downside risk
2.88
-1.00

+3.87

Omega ratioGain probability vs. loss probability

1.39

0.89

+0.50

Calmar ratioReturn relative to maximum drawdown

3.42

-0.71

+4.12

Martin ratioReturn relative to average drawdown

11.96

-1.59

+13.55

VUSA.MI vs. NDIA - Sharpe Ratio Comparison

The current VUSA.MI Sharpe Ratio is 2.11, which is higher than the NDIA Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of VUSA.MI and NDIA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VUSA.MI vs. NDIA - Drawdown Comparison

The maximum VUSA.MI drawdown since its inception was -33.67%, which is greater than NDIA's maximum drawdown of -24.43%. Use the drawdown chart below to compare losses from any high point for VUSA.MI and NDIA.

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Drawdown Indicators

VUSA.MINDIADifference

Max Drawdown

Largest peak-to-trough decline

-33.67%

-24.43%

-9.24%

Max Drawdown (1Y)

Largest decline over 1 year

-7.15%

-16.11%

+8.96%

Max Drawdown (3Y)

Largest decline over 3 years

-23.11%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-23.11%

—

—

Current Drawdown

Current decline from peak

-1.80%

-21.20%

+19.40%

Average Drawdown

Average peak-to-trough decline

-4.50%

-8.12%

+3.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

7.15%

-5.11%

Volatility

VUSA.MI vs. NDIA - Volatility Comparison

The current volatility for Vanguard S&P 500 UCITS ETF (VUSA.MI) is 3.06%, while Global X Funds - Global X India Active ETF (NDIA) has a volatility of 4.00%. This indicates that VUSA.MI experiences smaller price fluctuations and is considered to be less risky than NDIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VUSA.MINDIADifference

Volatility (1M)

Calculated over the trailing 1-month period

3.06%

4.00%

-0.94%

Volatility (6M)

Calculated over the trailing 6-month period

7.83%

13.04%

-5.21%

Volatility (1Y)

Calculated over the trailing 1-year period

11.64%

15.58%

-3.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.22%

16.08%

-0.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.93%

16.08%

+0.85%

VUSA.MI vs. NDIA - Expense Ratio Comparison

VUSA.MI has a 0.07% expense ratio, which is lower than NDIA's 0.76% expense ratio.

Dividends

VUSA.MI vs. NDIA - Dividend Comparison

VUSA.MI's dividend yield for the trailing twelve months is around 0.88%, less than NDIA's 1.24% yield.

PositionTTM2025202420232022202120202019
NDIA
Global X Funds - Global X India Active ETF		1.24%1.10%3.66%0.28%0.00%0.00%0.00%0.00%
VUSA.MI
Vanguard S&P 500 UCITS ETF		0.88%0.97%0.99%1.26%1.45%1.02%1.43%1.46%

Frequently Asked Questions

VUSA.MI and NDIA have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VUSA.MI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VUSA.MI is cheaper with a 0.07% expense ratio, compared with 0.76% for NDIA.

VUSA.MI is categorized as S&P 500, while NDIA is Asia Pacific Equities. They also come from different issuers: Vanguard and Global X. Their fees differ too: 0.07% for VUSA.MI and 0.76% for NDIA.

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