The Factor LabDeveloped by Neel
All indices
Broad MarketBenchmark: Nifty 500

Nifty 200

Total Return Index · Available history 01-01-2004 to 28-10-2026 · 5,666 observations

Compare with Nifty 500Backtest Hero?

Launch date: 19-07-2011. 33.2% of this index's trading days are NSE's pre-launch backtest (marked BT, shaded on the charts). Backtests can benefit from hindsight; post-launch index returns are still not fund returns. Source: Curated catalog launch_date (not independently reverified).

BT = Backtested history by NSE— = not enough history

Nifty 200 and Nifty 500 on the same 5,666 observed dates, 01-01-2004 – 28-10-2026.

CAGR
13.4%BT
Nifty 500: 13.6%
Annualized volatility
20.8%BT
Nifty 500: 20.5%
Max drawdown
-63.7%BT
Nifty 500: -63.7%
Sharpe
0.48BT
Nifty 500: 0.50
Sortino
0.67BT
Nifty 500: 0.68
Median rolling 5Y CAGR
13.5%BT
Nifty 500: 13.7%

Drawdown and recovery

Full history of Nifty 200, 01-01-2004 – 28-10-2026. A drawdown is the fall from the highest close before it.

BT = Backtested history by NSE— = not enough history

Current drawdown
-10.4%
High on 02-01-2026
Gain needed to recover
11.6%
From the latest close back to the high
Time below high
10m
Since the last high
Worst decline
-63.7%
04-01-2008 to 27-10-2008; recovered 07-03-2014 (6y 2m after the high)BT
Longest time below a high
6y 2m
04-01-2008 to 07-03-2014BT
Time spent below a high
90.0%
5 declines of 20% or more

Outcomes by holding period

Every rolling window in the full history, ending on each trading day. Windows overlap, so this describes the past rather than predicting the future.

BT = Backtested history by NSE— = not enough history

Held forLost moneyMedian CAGRWorst CAGRBest CAGRWindows
1 year18.2%12.9%-59.4%116.4%5,406
3 years4.9%13.7%-8.4%50.2%4,885
5 years1.0%13.5%-1.3%28.1%4,409
7 years0.0%13.1%4.0%22.9%3,917
10 years0.0%13.5%5.2%19.1%3,168

Lost money: share of windows with a negative annualized return.

Versus Nifty 500

On the shared dates 01-01-2004 – 28-10-2026, using month-end returns for capture.

BT = Backtested history by NSE— = not enough history

Upside capture
98.9%
Average of 172 months Nifty 500 rose
Downside capture
99.3%
Average of 101 months Nifty 500 fell; lower is better
Months ahead
47.6%
Beat Nifty 500 in this share of 273 months
Longest stretch behind
13y 1m
Relative wealth below its high, 19-09-2013 to still behind

Now 6.6% behind its best point relative to Nifty 500, for 13y 1m. Relative wealth was below an earlier peak on 99.4% of shared trading days.

Backtest Hero? · vs its own history

28-10-2021 – 28-10-2026 · 5 years. Compared with 631 equal-length periods from the pre-launch backtest.
Open full analysis
CAGR
7.9%
Historical percentile 0.8median 19.4%
Volatility
14.4%
Historical percentile 0.0median 30.2%
Max drawdown
-17.8%
Historical percentile 100.0median -63.7%
Sharpe
0.27
Historical percentile 2.9median 0.59

Growth of 100

On 5,666 shared dates from 01-01-2004: 100 became 1,755 vs 1,846 in Nifty 500. Shaded: backtested history before launch.

Drawdown

Percentage decline from the previous peak.

Rolling 3Y CAGR

Calendar-anniversary rolling annualized return. Shared input history starts 01-01-2004; the first plotted rolling-return observation is 05-01-2007, after a complete 3Y-year window.

Rolling 1-year volatility

Up to 252 daily observations, minimum 126, annualized. First plotted observation: 02-07-2004.

Calendar-year returns

Nifty 200 vs Nifty 500; the difference is in percentage points (pp). Incomplete historical years are labeled (partial); the ongoing year is labeled (YTD). Hover a year for its actual dates.
YearNifty 200Nifty 500Difference
2026 (YTD)-9.5%-8.2%
-1.3 pp
2025+9.6%+7.8%
+1.8 pp
2024+14.7%+16.2%
-1.5 pp
2023+24.7%+26.9%
-2.3 pp
2022+4.9%+4.2%
+0.7 pp
2021+28.9%+31.6%
-2.7 pp
2020+16.8%+17.9%
-1.1 pp
2019+10.0%+9.0%
+1.1 pp
2018+0.3%-2.1%
+2.5 pp
2017+35.2%+37.7%
-2.4 pp
2016+5.1%+5.1%
0.0 pp
2015-0.8%+0.2%
-1.0 pp
2014+37.3%+39.3%
-2.0 pp
2013+5.9%+4.8%
+1.1 pp
2012+33.6%+33.5%
+0.1 pp
2011-26.1%-26.4%
+0.3 pp
2010+15.6%+15.3%
+0.4 pp
2009+88.8%+91.0%
-2.2 pp
2008-56.1%-56.5%
+0.5 pp
2007+65.6%+64.6%
+1.0 pp
2006+36.7%+36.2%
+0.6 pp
2005+37.5%+38.8%
-1.2 pp
2004 (partial)+17.4%+18.5%
-1.1 pp