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ETFs

Global X India Active ETF

NDIA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 17 2023
Expense Ratio
0.75%
Type
Global Ex. US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$8,091
AUM
$2,797,105
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

IBN
ICICI Bank Ltd. - ADR
7.54%
RLNIY
Reliance Industries Ltd. - GDR - 144A
6.42%
HDB
HDFC Bank Ltd. - ADR
6.40%
INFY
Infosys Ltd - ADR
6.17%
540719
SBI Life Insurance Co. Ltd.
4.51%
532540
Tata Consultancy Services Ltd.
4.13%
CLIP
Global X Funds - Global X 1-3 Month T-Bill ETF
4.04%
532215
Axis Bank Ltd
4.04%
511218
Shriram Finance Ltd.
3.95%
500790
Nestle India Ltd.
3.53%
Invest with NDIA

What is NDIA?

The Global X India Active ETF (NDIA) is an actively managed ETF designed to offer investors direct exposure to the Indian Economy. NDIA screens for companies with quality business models and management teams across India, focusing on domestic-driven growth over a 4-5 year investing horizon. In a single trade, NDIA delivers access to dozens of Indian stocks across a range of sectors, along with the outperformance potential of active management.

ETFs related toNDIA

ETFs correlated to NDIA include INDY, INDA, FLIN

NDIA
Global X Funds - Global X India Active ETF
INDY
BlackRock Institutional Trust Company N.A. - iShares India 50 ETF
INDA
BlackRock Institutional Trust Company N.A. - iShares MSCI India ETF
FLIN
Franklin Templeton ETF Trust - Franklin FTSE India ETF
PIN
Invesco Capital Management LLC - Invesco India ETF
EPI
WisdomTree Trust - WisdomTree India Earnings Fund
FTHI
First Trust Exchange-Traded Fund VI - First Trust BuyWrite Income ETF
FNGU
Bank of Montreal - BMO REX MicroSectors FANG+ Index 3X Leveraged ETN
IOO
BlackRock Institutional Trust Company N.A. - iShares Global 100 ETF
FNGO
Bank of Montreal - MicroSectors FANG+Index 2X Leveraged ETNs
DAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - August

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toNDIA

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with NDIA using Composer

FAQ

NDIA is a Global Ex. US Equities ETF. The Global X India Active ETF (NDIA) is an actively managed ETF designed to offer investors direct exposure to the Indian Economy. NDIA screens for companies with quality business models and management teams across India, focusing on domestic-driven growth over a 4-5 year investing horizon. In a single trade, NDIA delivers access to dozens of Indian stocks across a range of sectors, along with the outperformance potential of active management.

Yes, NDIA is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, NDIA is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on NDIA is 0.012%. This is the percent change in the value of NDIA over the most recent 1-month period. The 3-month return on NDIA is %. This is the percent change in the value of NDIA over the most recent 3-month period.

ETFs similar to NDIA include EWZ, EWW, and EWT.

ETFs correlated to NDIA include INDY, INDA, and FLIN.

ETFs that are inversely correlated to NDIA include FNGD, QID, and SQQQ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.