NDIA vs SPY
Global X India Active ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NDIA | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.09% | |
| AUM | $59M | $821.1B | |
| Dividend Yield | 1.19% | 1.01% | |
| Holdings | 30 | 505 | |
| YTD Return | -8.11% | +14.24% | |
| 1Y Return | -4.43% | +21.71% | |
| 3Y Return (annualized) | +4.98% | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 14.1% | 15.3% | |
| Max Drawdown | -22.1% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Aug 17, 2023 | Jan 22, 1993 |
NDIA vs SPY Performance
Global X India Active ETF (NDIA) is a ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NDIA returned -4.43% while SPY returned +21.71%. Year to date, NDIA is down 8.11% versus a gain of 14.24% for SPY.
Over three years, NDIA compounded at +4.98% per year against +22.10% for SPY. Across the full 3-year window we track, SPY has the edge at +8.86% annualized vs +4.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.1% for NDIA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.1% for NDIA and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NDIA charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, NDIA currently yields 1.19% against 1.01% for SPY.
Holdings Overlap
NDIA and SPY share 0 holdings out of 532 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NDIA or SPY?
NDIA has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, NDIA or SPY?
Over the past year NDIA returned -4.43% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), NDIA annualized +4.98% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, NDIA or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.1% for NDIA. Worst drawdown: NDIA -22.1% vs SPY -56.5%.
Should I hold both NDIA and SPY?
NDIA and SPY have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NDIA and SPY?
NDIA and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 532 unique securities.
Which pays a higher dividend, NDIA or SPY?
NDIA yields 1.19% while SPY yields 1.01%, so NDIA currently pays the higher dividend yield.
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