XNIF.L vs. ^NIFTY500

Last updated Jun 5, 2026

XNIF.L (Xtrackers Nifty 50 Swap UCITS ETF 1C) is Asia Pacific Equities fund tracking the MSCI India NR USD, while ^NIFTY500 (Nifty 500) is an index. Over the past 10 years, XNIF.L returned 7.18%/yr vs 9.49%/yr for ^NIFTY500. A 0.70 correlation means they provide meaningful diversification when combined.

Performance

XNIF.L vs. ^NIFTY500 - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.L) and Nifty 500 (^NIFTY500). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XNIF.L is traded in GBp, while ^NIFTY500 is traded in INR. To make them comparable, the ^NIFTY500 values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XNIF.L achieves a -16.13% return, which is significantly lower than ^NIFTY500's -11.24% return. Over the past 10 years, XNIF.L has underperformed ^NIFTY500 with an annualized return of 7.18%, while ^NIFTY500 has yielded a comparatively higher 9.49% annualized return.

XNIF.L

• 1D: 1.22%
• 1M: -1.99%
• YTD: -16.13%
• 6M: -16.18%
• 1Y: -14.02%
• 3Y*: -0.33%
• 5Y*: 3.30%
• 10Y*: 7.18%

^NIFTY500

• 1D: 0.67%
• 1M: -1.07%
• YTD: -11.24%
• 6M: -11.75%
• 1Y: -10.71%
• 3Y*: 4.22%
• 5Y*: 6.17%
• 10Y*: 9.49%

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

XNIF.L vs. ^NIFTY500 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XNIF.L Xtrackers Nifty 50 Swap UCITS ETF 1C	-16.13%	-1.71%	6.70%	11.98%	5.08%	23.10%	6.44%	6.11%	-1.17%	23.90%
^NIFTY500 Nifty 500	-11.24%	-5.64%	13.96%	18.86%	4.46%	27.94%	10.79%	0.97%	-6.21%	32.18%

Correlation

The correlation between XNIF.L and ^NIFTY500 is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Sep 19, 2007	0.70

The correlation between XNIF.L and ^NIFTY500 has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.

Return for Risk

XNIF.L vs. ^NIFTY500 — Risk / Return Rank

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

XNIF.L

XNIF.L Risk / Return Rank: 2
XNIF.L Sharpe Ratio Rank: 2
XNIF.L Sortino Ratio Rank: 2
XNIF.L Omega Ratio Rank: 2
XNIF.L Calmar Ratio Rank: 3
XNIF.L Martin Ratio Rank: 2

^NIFTY500

^NIFTY500 Risk / Return Rank: 8
^NIFTY500 Sharpe Ratio Rank: 8
^NIFTY500 Sortino Ratio Rank: 8
^NIFTY500 Omega Ratio Rank: 8
^NIFTY500 Calmar Ratio Rank: 10
^NIFTY500 Martin Ratio Rank: 8

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.

XNIF.L vs. ^NIFTY500 - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.L) and Nifty 500 (^NIFTY500). 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.

	XNIF.L	^NIFTY500	Difference
Sharpe ratio: Return per unit of total volatility	-0.96	-0.68	-0.28
Sortino ratio: Return per unit of downside risk	-1.33	-0.84	-0.49
Omega ratio: Gain probability vs. loss probability	0.85	0.90	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.66	-0.54	-0.12
Martin ratio: Return relative to average drawdown	-1.41	-1.26	-0.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XNIF.L vs. ^NIFTY500 - Sharpe Ratio Comparison

The current XNIF.L Sharpe Ratio is -0.96, which is lower than the ^NIFTY500 Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of XNIF.L and ^NIFTY500, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XNIF.L	^NIFTY500	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.96	-0.68	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.39	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.52	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.32	-0.07

Drawdowns

XNIF.L vs. ^NIFTY500 - Drawdown Comparison

The maximum XNIF.L drawdown since its inception was -58.56%, smaller than the maximum ^NIFTY500 drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for XNIF.L and ^NIFTY500.

Drawdown Indicators

	XNIF.L	^NIFTY500	Difference
Max Drawdown Largest peak-to-trough decline	-58.56%	-64.15%	+5.59%
Max Drawdown (1Y) Largest decline over 1 year	-21.09%	-20.21%	-0.88%
Max Drawdown (3Y) Largest decline over 3 years	-23.80%	-25.08%	+1.28%
Max Drawdown (5Y) Largest decline over 5 years	-23.80%	-25.08%	+1.28%
Max Drawdown (10Y) Largest decline over 10 years	-38.55%	-37.54%	-1.01%
Current Drawdown Current decline from peak	-22.51%	-20.56%	-1.95%
Average Drawdown Average peak-to-trough decline	-13.41%	-14.96%	+1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.94%	8.61%	+1.33%

Volatility

XNIF.L vs. ^NIFTY500 - Volatility Comparison

Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.L) has a higher volatility of 5.56% compared to Nifty 500 (^NIFTY500) at 5.04%. This indicates that XNIF.L's price experiences larger fluctuations and is considered to be riskier than ^NIFTY500 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XNIF.L	^NIFTY500	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	5.04%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	12.21%	13.91%	-1.70%
Volatility (1Y) Calculated over the trailing 1-year period	14.57%	16.13%	-1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.62%	16.06%	-0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.38%	18.42%	+1.96%

Frequently Asked Questions

Can I hold both XNIF.L and ^NIFTY500 in my portfolio?

XNIF.L and ^NIFTY500 have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.