^SSEC vs. INDF
Compare and contrast key facts about Shanghai Composite (^SSEC) and Nifty India Financials ETF (INDF).
INDF is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Nifty Financial Services 25/50 Index. It was launched on Oct 20, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SSEC or INDF.
Correlation
The correlation between ^SSEC and INDF is 0.11, 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
^SSEC vs. INDF - Performance Comparison
Key characteristics
^SSEC:
0.36
INDF:
0.48
^SSEC:
0.69
INDF:
0.67
^SSEC:
1.11
INDF:
1.09
^SSEC:
0.14
INDF:
0.53
^SSEC:
1.17
INDF:
1.07
^SSEC:
6.54%
INDF:
7.38%
^SSEC:
20.07%
INDF:
19.46%
^SSEC:
-78.27%
INDF:
-25.58%
^SSEC:
-44.98%
INDF:
-5.93%
Returns By Period
In the year-to-date period, ^SSEC achieves a 0.01% return, which is significantly lower than INDF's 5.56% return.
^SSEC
0.01%
6.56%
-3.42%
7.14%
3.08%
-2.63%
INDF
5.56%
4.53%
0.76%
9.23%
N/A
N/A
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Risk-Adjusted Performance
^SSEC vs. INDF — Risk-Adjusted Performance Rank
^SSEC
INDF
^SSEC vs. INDF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Shanghai Composite (^SSEC) and Nifty India Financials ETF (INDF). 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
^SSEC vs. INDF - Drawdown Comparison
The maximum ^SSEC drawdown since its inception was -78.27%, which is greater than INDF's maximum drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for ^SSEC and INDF. For additional features, visit the drawdowns tool.
Volatility
^SSEC vs. INDF - Volatility Comparison
The current volatility for Shanghai Composite (^SSEC) is 2.56%, while Nifty India Financials ETF (INDF) has a volatility of 6.68%. This indicates that ^SSEC experiences smaller price fluctuations and is considered to be less risky than INDF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.