^NIFTY500 vs. DAX
Compare and contrast key facts about Nifty 500 (^NIFTY500) and Global X DAX Germany ETF (DAX).
DAX is a passively managed fund by Global X that tracks the performance of the DAX Index. It was launched on Oct 22, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NIFTY500 or DAX.
Correlation
The correlation between ^NIFTY500 and DAX is 0.29, 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.
Performance
^NIFTY500 vs. DAX - Performance Comparison
Key characteristics
^NIFTY500:
1.05
DAX:
0.90
^NIFTY500:
1.39
DAX:
1.31
^NIFTY500:
1.22
DAX:
1.16
^NIFTY500:
1.43
DAX:
1.61
^NIFTY500:
4.57
DAX:
4.12
^NIFTY500:
3.43%
DAX:
3.22%
^NIFTY500:
14.81%
DAX:
14.70%
^NIFTY500:
-68.02%
DAX:
-45.58%
^NIFTY500:
-8.89%
DAX:
-4.10%
Returns By Period
In the year-to-date period, ^NIFTY500 achieves a 14.88% return, which is significantly higher than DAX's 11.44% return. Over the past 10 years, ^NIFTY500 has outperformed DAX with an annualized return of 13.02%, while DAX has yielded a comparatively lower 4.84% annualized return.
^NIFTY500
14.88%
1.43%
0.37%
17.83%
17.81%
13.02%
DAX
11.44%
3.00%
6.37%
12.03%
6.44%
4.84%
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Risk-Adjusted Performance
^NIFTY500 vs. DAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nifty 500 (^NIFTY500) and Global X DAX Germany ETF (DAX). 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.
Drawdowns
^NIFTY500 vs. DAX - Drawdown Comparison
The maximum ^NIFTY500 drawdown since its inception was -68.02%, which is greater than DAX's maximum drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for ^NIFTY500 and DAX. For additional features, visit the drawdowns tool.
Volatility
^NIFTY500 vs. DAX - Volatility Comparison
Nifty 500 (^NIFTY500) has a higher volatility of 4.62% compared to Global X DAX Germany ETF (DAX) at 4.38%. This indicates that ^NIFTY500's price experiences larger fluctuations and is considered to be riskier than DAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.