^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:
0.39
^GSPC:
0.44
^NIFTY500:
0.48
^GSPC:
0.79
^NIFTY500:
1.07
^GSPC:
1.12
^NIFTY500:
0.25
^GSPC:
0.48
^NIFTY500:
0.55
^GSPC:
1.85
^NIFTY500:
8.67%
^GSPC:
4.92%
^NIFTY500:
16.55%
^GSPC:
19.37%
^NIFTY500:
-68.02%
^GSPC:
-56.78%
^NIFTY500:
-11.52%
^GSPC:
-7.88%
Returns By Period
In the year-to-date period, ^NIFTY500 achieves a -3.13% return, which is significantly higher than ^GSPC's -3.77% return. Over the past 10 years, ^NIFTY500 has outperformed ^GSPC with an annualized return of 12.71%, while ^GSPC has yielded a comparatively lower 10.45% annualized return.
^NIFTY500
-3.13%
6.48%
-4.28%
6.54%
23.71%
12.71%
^GSPC
-3.77%
3.72%
-5.60%
8.55%
14.11%
10.45%
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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
The current volatility for Nifty 500 (^NIFTY500) is 5.90%, while S&P 500 (^GSPC) has a volatility of 6.82%. This indicates that ^NIFTY500 experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.