^NIFTY500 vs. ^GSPC
Compare and contrast key facts about Nifty 500 (^NIFTY500) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NIFTY500 or ^GSPC.
Correlation
The correlation between ^NIFTY500 and ^GSPC is 0.22, 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. ^GSPC - Performance Comparison
Key characteristics
^NIFTY500:
0.13
^GSPC:
1.80
^NIFTY500:
0.84
^GSPC:
2.42
^NIFTY500:
1.29
^GSPC:
1.33
^NIFTY500:
0.22
^GSPC:
2.72
^NIFTY500:
1.63
^GSPC:
11.10
^NIFTY500:
5.90%
^GSPC:
2.08%
^NIFTY500:
71.96%
^GSPC:
12.84%
^NIFTY500:
-68.02%
^GSPC:
-56.78%
^NIFTY500:
-10.85%
^GSPC:
-1.32%
Returns By Period
In the year-to-date period, ^NIFTY500 achieves a -2.39% return, which is significantly lower than ^GSPC's 2.66% return. Over the past 10 years, ^NIFTY500 has outperformed ^GSPC with an annualized return of 12.21%, while ^GSPC has yielded a comparatively lower 11.41% annualized return.
^NIFTY500
-2.39%
-3.82%
-2.69%
10.00%
17.06%
12.21%
^GSPC
2.66%
1.61%
15.23%
22.15%
12.59%
11.41%
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Risk-Adjusted Performance
^NIFTY500 vs. ^GSPC — Risk-Adjusted Performance Rank
^NIFTY500
^GSPC
^NIFTY500 vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nifty 500 (^NIFTY500) 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.
Drawdowns
^NIFTY500 vs. ^GSPC - Drawdown Comparison
The maximum ^NIFTY500 drawdown since its inception was -68.02%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^NIFTY500 and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
^NIFTY500 vs. ^GSPC - Volatility Comparison
Nifty 500 (^NIFTY500) has a higher volatility of 6.11% compared to S&P 500 (^GSPC) at 3.69%. This indicates that ^NIFTY500'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.