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ZYAU.AX vs. NDIA.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZYAU.AX vs. NDIA.AX

Last updated Jul 16, 2026
Documentation

ZYAU.AX (Global X S&P/ASX 200 High Dividend ETF) and NDIA.AX (Global X India Nifty 50 ETF) are both exchange-traded funds - ZYAU.AX is a Dividend fund tracking the Global X S&P/ASX 200 High Dividend Index, while NDIA.AX is a Global Equities fund tracking the Global X India Nifty 50 Index. Both are passively managed. Over the past 5 years, ZYAU.AX returned 7.88%/yr vs 3.53%/yr for NDIA.AX. At a 0.16 correlation, their price movements are largely independent.

Performance

ZYAU.AX vs. NDIA.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Global X S&P/ASX 200 High Dividend ETF (ZYAU.AX) and Global X India Nifty 50 ETF (NDIA.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ZYAU.AX achieves a 7.50% return, which is significantly higher than NDIA.AX's -16.20% return.

ZYAU.AX

1D
-0.20%
1M
-1.11%
6M
7.39%
YTD
7.50%
1Y
16.88%
3Y*
14.70%
5Y*
7.88%
10Y*
8.55%

NDIA.AX

1D
-0.32%
1M
-0.09%
6M
-14.59%
YTD
-16.20%
1Y
-19.09%
3Y*
-0.52%
5Y*
3.53%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZYAU.AX vs. NDIA.AX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
ZYAU.AX
Global X S&P/ASX 200 High Dividend ETF		7.50%16.65%9.61%13.28%-10.97%18.29%-11.11%2.65%
NDIA.AX
Global X India Nifty 50 ETF		-16.20%-3.68%13.96%15.07%2.37%24.83%-0.22%0.08%

Correlation

The correlation between ZYAU.AX and NDIA.AX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.12

Correlation (3Y)
Calculated over the trailing 3-year period

0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.14

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2019

0.16

The correlation between ZYAU.AX and NDIA.AX shifts across timeframes, from 0.03 (3 years) to 0.16 (all time), reflecting how their relationship changes across market environments.

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Global X S&P/ASX 200 High Dividend ETF

Global X India Nifty 50 ETF

Return for Risk

ZYAU.AX vs. NDIA.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZYAU.AX
ZYAU.AX Risk / Return Rank: 5757
Overall Rank
ZYAU.AX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
ZYAU.AX Sortino Ratio Rank: 5454
Sortino Ratio Rank
ZYAU.AX Omega Ratio Rank: 5050
Omega Ratio Rank
ZYAU.AX Calmar Ratio Rank: 7777
Calmar Ratio Rank
ZYAU.AX Martin Ratio Rank: 5252
Martin Ratio Rank
NDIA.AX
NDIA.AX Risk / Return Rank: 11
Overall Rank
NDIA.AX Sharpe Ratio Rank: 00
Sharpe Ratio Rank
NDIA.AX Sortino Ratio Rank: 11
Sortino Ratio Rank
NDIA.AX Omega Ratio Rank: 11
Omega Ratio Rank
NDIA.AX Calmar Ratio Rank: 33
Calmar Ratio Rank
NDIA.AX 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.

ZYAU.AX vs. NDIA.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P/ASX 200 High Dividend ETF (ZYAU.AX) and Global X India Nifty 50 ETF (NDIA.AX). 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.

ZYAU.AXNDIA.AXDifference
Sharpe ratioReturn per unit of total volatility
1.50
-1.21

+2.70

Sortino ratioReturn per unit of downside risk
2.14
-1.79

+3.93

Omega ratioGain probability vs. loss probability

1.26

0.81

+0.46

Calmar ratioReturn relative to maximum drawdown

3.19

-0.78

+3.97

Martin ratioReturn relative to average drawdown

7.10

-1.44

+8.54

ZYAU.AX vs. NDIA.AX - Sharpe Ratio Comparison

The current ZYAU.AX Sharpe Ratio is 1.50, which is higher than the NDIA.AX Sharpe Ratio of -1.21. The chart below compares the historical Sharpe Ratios of ZYAU.AX and NDIA.AX, 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

ZYAU.AX vs. NDIA.AX - Drawdown Comparison

The maximum ZYAU.AX drawdown since its inception was -41.40%, which is greater than NDIA.AX's maximum drawdown of -33.23%. Use the drawdown chart below to compare losses from any high point for ZYAU.AX and NDIA.AX.

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Drawdown Indicators

ZYAU.AXNDIA.AXDifference

Max Drawdown

Largest peak-to-trough decline

-41.40%

-33.23%

-8.17%

Max Drawdown (1Y)

Largest decline over 1 year

-5.27%

-24.49%

+19.22%

Max Drawdown (3Y)

Largest decline over 3 years

-11.67%

-26.05%

+14.38%

Max Drawdown (5Y)

Largest decline over 5 years

-20.11%

-26.05%

+5.94%

Max Drawdown (10Y)

Largest decline over 10 years

-41.40%

—

—

Current Drawdown

Current decline from peak

-2.51%

-21.81%

+19.30%

Average Drawdown

Average peak-to-trough decline

-5.83%

-6.91%

+1.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.41%

13.40%

-10.99%

Volatility

ZYAU.AX vs. NDIA.AX - Volatility Comparison

The current volatility for Global X S&P/ASX 200 High Dividend ETF (ZYAU.AX) is 1.94%, while Global X India Nifty 50 ETF (NDIA.AX) has a volatility of 5.23%. This indicates that ZYAU.AX experiences smaller price fluctuations and is considered to be less risky than NDIA.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZYAU.AXNDIA.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.94%

5.23%

-3.29%

Volatility (6M)

Calculated over the trailing 6-month period

8.48%

13.91%

-5.43%

Volatility (1Y)

Calculated over the trailing 1-year period

11.24%

15.90%

-4.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.54%

16.13%

-2.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.32%

19.38%

-4.06%

Dividends

ZYAU.AX vs. NDIA.AX - Dividend Comparison

ZYAU.AX's dividend yield for the trailing twelve months is around 4.28%, more than NDIA.AX's 2.14% yield.

PositionTTM20252024202320222021202020192018201720162015
NDIA.AX
Global X India Nifty 50 ETF		2.14%1.83%1.04%1.86%4.74%0.11%0.00%0.08%0.00%0.00%0.00%0.00%
ZYAU.AX
Global X S&P/ASX 200 High Dividend ETF		4.28%4.22%7.82%11.01%9.36%6.73%4.68%6.38%9.89%15.54%5.13%2.66%

Frequently Asked Questions

ZYAU.AX and NDIA.AX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ZYAU.AX is categorized as Dividend, while NDIA.AX is Global Equities. ZYAU.AX tracks Global X S&P/ASX 200 High Dividend Index, while NDIA.AX tracks Global X India Nifty 50 Index.

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