Correlation
The correlation between ^NIFTY200 and ^GSPC is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
^NIFTY200 vs. ^GSPC
Compare and contrast key facts about NIFTY 200 (^NIFTY200) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NIFTY200 or ^GSPC.
Performance
^NIFTY200 vs. ^GSPC - Performance Comparison
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Key characteristics
^NIFTY200:
0.52
^GSPC:
0.66
^NIFTY200:
0.61
^GSPC:
0.94
^NIFTY200:
1.09
^GSPC:
1.14
^NIFTY200:
0.35
^GSPC:
0.60
^NIFTY200:
0.73
^GSPC:
2.28
^NIFTY200:
8.67%
^GSPC:
5.01%
^NIFTY200:
16.93%
^GSPC:
19.77%
^NIFTY200:
-64.04%
^GSPC:
-56.78%
^NIFTY200:
-6.70%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, ^NIFTY200 achieves a 2.92% return, which is significantly higher than ^GSPC's 0.51% return. Over the past 10 years, ^NIFTY200 has outperformed ^GSPC with an annualized return of 12.38%, while ^GSPC has yielded a comparatively lower 10.85% annualized return.
^NIFTY200
2.92%
2.68%
1.26%
8.28%
16.42%
22.69%
12.38%
^GSPC
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
^NIFTY200 vs. ^GSPC — Risk-Adjusted Performance Rank
^NIFTY200
^GSPC
^NIFTY200 vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NIFTY 200 (^NIFTY200) and S&P 500 (^GSPC). 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.
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Drawdowns
^NIFTY200 vs. ^GSPC - Drawdown Comparison
The maximum ^NIFTY200 drawdown since its inception was -64.04%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^NIFTY200 and ^GSPC.
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Volatility
^NIFTY200 vs. ^GSPC - Volatility Comparison
NIFTY 200 (^NIFTY200) has a higher volatility of 5.13% compared to S&P 500 (^GSPC) at 4.77%. This indicates that ^NIFTY200's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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