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

ZYUS.AX vs. NDIA.AX

Last updated Jul 16, 2026
Documentation

ZYUS.AX (Global X S&P 500 High Yield Low Volatility ETF) and NDIA.AX (Global X India Nifty 50 ETF) are both Global Equities funds from Global X - ZYUS.AX tracks the Global X S&P 500 High Yield Low Volatility Index while NDIA.AX tracks the Global X India Nifty 50 Index. Both are passively managed. Over the past 5 years, ZYUS.AX returned 8.25%/yr vs 3.53%/yr for NDIA.AX. At a 0.21 correlation, their price movements are largely independent.

Performance

ZYUS.AX vs. NDIA.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Global X S&P 500 High Yield Low Volatility ETF (ZYUS.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, ZYUS.AX achieves a 5.46% return, which is significantly higher than NDIA.AX's -16.20% return.

ZYUS.AX

1D
0.34%
1M
2.46%
6M
4.73%
YTD
5.46%
1Y
4.42%
3Y*
10.33%
5Y*
8.25%
10Y*
7.18%

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)

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

2026 (YTD)2025202420232022202120202019
ZYUS.AX
Global X S&P 500 High Yield Low Volatility ETF		5.46%-4.75%29.05%-0.69%8.17%32.01%-19.00%4.64%
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 ZYUS.AX and NDIA.AX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.14

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

0.17

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

0.23

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

0.21

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Global X S&P 500 High Yield Low Volatility ETF

Global X India Nifty 50 ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZYUS.AX
ZYUS.AX Risk / Return Rank: 1616
Overall Rank
ZYUS.AX Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
ZYUS.AX Sortino Ratio Rank: 1515
Sortino Ratio Rank
ZYUS.AX Omega Ratio Rank: 1414
Omega Ratio Rank
ZYUS.AX Calmar Ratio Rank: 1818
Calmar Ratio Rank
ZYUS.AX Martin Ratio Rank: 1616
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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 High Yield Low Volatility ETF (ZYUS.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.

ZYUS.AXNDIA.AXDifference
Sharpe ratioReturn per unit of total volatility
0.39
-1.21

+1.60

Sortino ratioReturn per unit of downside risk
0.66
-1.79

+2.45

Omega ratioGain probability vs. loss probability

1.07

0.81

+0.27

Calmar ratioReturn relative to maximum drawdown

0.60

-0.78

+1.38

Martin ratioReturn relative to average drawdown

1.25

-1.44

+2.69

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

The current ZYUS.AX Sharpe Ratio is 0.39, which is higher than the NDIA.AX Sharpe Ratio of -1.21. The chart below compares the historical Sharpe Ratios of ZYUS.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

ZYUS.AX vs. NDIA.AX - Drawdown Comparison

The maximum ZYUS.AX drawdown since its inception was -31.48%, smaller than the maximum NDIA.AX drawdown of -33.23%. Use the drawdown chart below to compare losses from any high point for ZYUS.AX and NDIA.AX.

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Drawdown Indicators

ZYUS.AXNDIA.AXDifference

Max Drawdown

Largest peak-to-trough decline

-31.48%

-33.23%

+1.75%

Max Drawdown (1Y)

Largest decline over 1 year

-8.48%

-24.49%

+16.01%

Max Drawdown (3Y)

Largest decline over 3 years

-12.83%

-26.05%

+13.22%

Max Drawdown (5Y)

Largest decline over 5 years

-12.83%

-26.05%

+13.22%

Max Drawdown (10Y)

Largest decline over 10 years

-31.48%

—

—

Current Drawdown

Current decline from peak

-4.20%

-21.81%

+17.61%

Average Drawdown

Average peak-to-trough decline

-5.55%

-6.91%

+1.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.12%

13.40%

-9.28%

Volatility

ZYUS.AX vs. NDIA.AX - Volatility Comparison

The current volatility for Global X S&P 500 High Yield Low Volatility ETF (ZYUS.AX) is 4.69%, while Global X India Nifty 50 ETF (NDIA.AX) has a volatility of 5.23%. This indicates that ZYUS.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

ZYUS.AXNDIA.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.69%

5.23%

-0.54%

Volatility (6M)

Calculated over the trailing 6-month period

10.35%

13.91%

-3.56%

Volatility (1Y)

Calculated over the trailing 1-year period

12.93%

15.90%

-2.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.51%

16.13%

-2.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.02%

19.38%

-4.36%

Dividends

ZYUS.AX vs. NDIA.AX - Dividend Comparison

ZYUS.AX's dividend yield for the trailing twelve months is around 4.00%, 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%
ZYUS.AX
Global X S&P 500 High Yield Low Volatility ETF		4.00%5.68%3.54%7.57%3.05%2.70%6.34%7.82%5.96%6.04%3.90%0.84%

Frequently Asked Questions

ZYUS.AX and NDIA.AX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ZYUS.AX tracks Global X S&P 500 High Yield Low Volatility Index, while NDIA.AX tracks Global X India Nifty 50 Index.

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