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.
^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.
Performance
^SSEC vs. INDF - Performance Comparison
Loading data...
Key characteristics
^SSEC:
0.43
INDF:
0.73
^SSEC:
0.66
INDF:
0.96
^SSEC:
1.10
INDF:
1.13
^SSEC:
0.13
INDF:
0.83
^SSEC:
1.11
INDF:
1.67
^SSEC:
6.48%
INDF:
7.39%
^SSEC:
20.21%
INDF:
19.76%
^SSEC:
-78.27%
INDF:
-25.58%
^SSEC:
-45.05%
INDF:
-0.71%
Returns By Period
In the year-to-date period, ^SSEC achieves a -0.13% return, which is significantly lower than INDF's 11.42% return.
^SSEC
-0.13%
2.09%
0.63%
8.44%
1.66%
3.25%
-3.76%
INDF
11.42%
0.89%
6.72%
14.42%
14.32%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Loading data...
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.
Loading data...
Volatility
^SSEC vs. INDF - Volatility Comparison
The current volatility for Shanghai Composite (^SSEC) is 2.49%, while Nifty India Financials ETF (INDF) has a volatility of 6.79%. 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.
Loading data...