Correlation
The correlation between ^XMI and ^NIFTY500 is 0.14, 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.
^XMI vs. ^NIFTY500
Compare and contrast key facts about NYSE Arca Major Market Index (^XMI) and Nifty 500 (^NIFTY500).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XMI or ^NIFTY500.
Performance
^XMI vs. ^NIFTY500 - Performance Comparison
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Key characteristics
Returns By Period
^XMI
N/A
N/A
N/A
N/A
N/A
N/A
N/A
^NIFTY500
1.91%
3.62%
0.51%
8.05%
17.32%
23.86%
12.86%
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Risk-Adjusted Performance
^XMI vs. ^NIFTY500 — Risk-Adjusted Performance Rank
^XMI
^NIFTY500
^XMI vs. ^NIFTY500 - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE Arca Major Market Index (^XMI) and Nifty 500 (^NIFTY500). 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
^XMI vs. ^NIFTY500 - Drawdown Comparison
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Volatility
^XMI vs. ^NIFTY500 - Volatility Comparison
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