XNIF.L vs. ^NIFTY500
XNIF.L (Xtrackers Nifty 50 Swap UCITS ETF 1C) is Asia Pacific Equities fund tracking the MSCI India NR USD, while ^NIFTY500 (NIFTY 500 Index) is an index. Over the past 10 years, XNIF.L returned 7.35%/yr vs 9.50%/yr for ^NIFTY500. A 0.75 correlation means they provide meaningful diversification when combined.
Performance
XNIF.L vs. ^NIFTY500 - Performance Comparison
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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
The year-to-date returns for both investments are quite close, with XNIF.L having a -11.45% return and ^NIFTY500 slightly higher at -11.18%. Over the past 10 years, XNIF.L has underperformed ^NIFTY500 with an annualized return of 7.35%, while ^NIFTY500 has yielded a comparatively higher 9.50% annualized return.
XNIF.L
- 1D
- -0.47%
- 1M
- 4.15%
- YTD
- -11.45%
- 6M
- -11.02%
- 1Y
- -11.03%
- 3Y*
- 1.85%
- 5Y*
- 4.27%
- 10Y*
- 7.35%
^NIFTY500
- 1D
- 0.74%
- 1M
- -1.42%
- YTD
- -11.18%
- 6M
- -10.93%
- 1Y
- -11.68%
- 3Y*
- 4.25%
- 5Y*
- 6.18%
- 10Y*
- 9.50%
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 | -11.45% | -1.71% | 6.70% | 11.98% | 5.08% | 23.10% | 7.50% | 5.06% | -1.17% | 23.90% |
^NIFTY500 NIFTY 500 Index | -11.18% | -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 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.75 |
The correlation between XNIF.L and ^NIFTY500 shifts across timeframes, from 0.64 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XNIF.L vs. ^NIFTY500 — Risk / Return Rank
XNIF.L
^NIFTY500
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 Index (^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.
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.
| XNIF.L | ^NIFTY500 | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.90 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.54 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.02 | -1.25 | +0.23 |
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Drawdowns
XNIF.L vs. ^NIFTY500 - Drawdown Comparison
The maximum XNIF.L drawdown since its inception was -78.21%, which is greater than ^NIFTY500's maximum drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for XNIF.L and ^NIFTY500.
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Drawdown Indicators
| XNIF.L | ^NIFTY500 | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.21% | -64.15% | -14.06% |
Max Drawdown (1Y)Largest decline over 1 year | -21.09% | -20.21% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -25.36% | -25.08% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -25.36% | -25.08% | -0.28% |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | -37.54% | -1.01% |
Current DrawdownCurrent decline from peak | -19.86% | -20.50% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -33.80% | -15.01% | -18.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.83% | 8.61% | +2.22% |
Volatility
XNIF.L vs. ^NIFTY500 - Volatility Comparison
The current volatility for Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.L) is 4.69%, while NIFTY 500 Index (^NIFTY500) has a volatility of 5.05%. This indicates that XNIF.L experiences smaller price fluctuations and is considered to be less risky than ^NIFTY500 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XNIF.L | ^NIFTY500 | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 5.05% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 13.91% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 16.14% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.74% | 16.06% | +4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.83% | 18.42% | +3.41% |
Frequently Asked Questions
XNIF.L and ^NIFTY500 have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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