Correlation
The correlation between ^NIFTY500 and VGT 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.
^NIFTY500 vs. VGT
Compare and contrast key facts about Nifty 500 (^NIFTY500) and Vanguard Information Technology ETF (VGT).
VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NIFTY500 or VGT.
Performance
^NIFTY500 vs. VGT - Performance Comparison
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Key characteristics
^NIFTY500:
0.49
VGT:
0.47
^NIFTY500:
1.20
VGT:
0.71
^NIFTY500:
1.16
VGT:
1.10
^NIFTY500:
0.65
VGT:
0.40
^NIFTY500:
1.38
VGT:
1.29
^NIFTY500:
8.83%
VGT:
8.45%
^NIFTY500:
16.94%
VGT:
30.25%
^NIFTY500:
-68.02%
VGT:
-54.63%
^NIFTY500:
-6.92%
VGT:
-6.19%
Returns By Period
In the year-to-date period, ^NIFTY500 achieves a 1.91% return, which is significantly higher than VGT's -2.36% return. Over the past 10 years, ^NIFTY500 has underperformed VGT with an annualized return of 12.86%, while VGT has yielded a comparatively higher 19.78% annualized return.
^NIFTY500
1.91%
3.50%
0.51%
8.05%
17.32%
23.86%
12.86%
VGT
-2.36%
8.44%
-2.31%
14.03%
19.73%
19.26%
19.78%
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Risk-Adjusted Performance
^NIFTY500 vs. VGT — Risk-Adjusted Performance Rank
^NIFTY500
VGT
^NIFTY500 vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nifty 500 (^NIFTY500) and Vanguard Information Technology ETF (VGT). 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
^NIFTY500 vs. VGT - Drawdown Comparison
The maximum ^NIFTY500 drawdown since its inception was -68.02%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for ^NIFTY500 and VGT.
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Volatility
^NIFTY500 vs. VGT - Volatility Comparison
The current volatility for Nifty 500 (^NIFTY500) is 5.02%, while Vanguard Information Technology ETF (VGT) has a volatility of 6.70%. This indicates that ^NIFTY500 experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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