The Factor LabDeveloped by Neel
All indices
SectoralParent: Nifty 500

Nifty Metal

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

Compare with Nifty 500Backtest Hero?

Launch date: 12-07-2011. 33.1% 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 Metal and Nifty 500 on the same 5,666 observed dates, 01-01-2004 – 28-10-2026.

CAGR
13.5%BT
Nifty 500: 13.6%
Annualized volatility
33.3%BT
Nifty 500: 20.5%
Max drawdown
-78.1%BT
Nifty 500: -63.7%
Sharpe
0.41BT
Nifty 500: 0.50
Sortino
0.58BT
Nifty 500: 0.68
Median rolling 5Y CAGR
12.5%BT
Nifty 500: 13.7%

Drawdown and recovery

Full history of Nifty Metal, 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
-13.5%
High on 27-05-2026
Gain needed to recover
15.7%
From the latest close back to the high
Time below high
5m
Since the last high
Worst decline
-78.1%
04-01-2008 to 20-11-2008; recovered 05-04-2021 (13y 3m after the high)BT
Longest time below a high
13y 3m
04-01-2008 to 05-04-2021BT
Time spent below a high
95.9%
8 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 year35.7%16.2%-75.3%270.7%5,406
3 years26.6%16.2%-26.2%79.7%4,885
5 years21.8%12.5%-17.6%45.9%4,409
7 years19.1%8.9%-9.0%36.0%3,917
10 years13.5%9.5%-9.2%25.9%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
132.8%
Average of 172 months Nifty 500 rose
Downside capture
136.6%
Average of 101 months Nifty 500 fell; lower is better
Months ahead
50.2%
Beat Nifty 500 in this share of 273 months
Longest stretch behind
16y 7m
Relative wealth below its high, 06-04-2010 to still behind

Now 46.1% behind its best point relative to Nifty 500, for 16y 7m. Relative wealth was below an earlier peak on 98.9% of shared trading days.

Backtest Hero? · vs its own history

28-10-2021 – 28-10-2026 · 5 years. Compared with 626 equal-length periods from the pre-launch backtest. Difference in CAGR versus Nifty 500: +9.2 pp.
Open full analysis
CAGR
17.7%
Historical percentile 9.7median 33.7%
Volatility
25.5%
Historical percentile 0.0median 46.3%
Max drawdown
-32.9%
Historical percentile 100.0median -78.1%
Sharpe
0.59
Historical percentile 22.5median 0.76

Growth of 100

On 5,666 shared dates from 01-01-2004: 100 became 1,799 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 Metal 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 MetalNifty 500Difference
2026 (YTD)+6.6%-8.2%
+14.8 pp
2025+29.9%+7.8%
+22.1 pp
2024+9.3%+16.2%
-7.0 pp
2023+19.1%+26.9%
-7.8 pp
2022+25.3%+4.2%
+21.1 pp
2021+73.4%+31.6%
+41.8 pp
2020+18.0%+17.9%
+0.1 pp
2019-9.6%+9.0%
-18.6 pp
2018-16.8%-2.1%
-14.7 pp
2017+54.0%+37.7%
+16.3 pp
2016+48.4%+5.1%
+43.3 pp
2015-29.4%+0.2%
-29.6 pp
2014+8.4%+39.3%
-30.9 pp
2013-12.2%+4.8%
-17.1 pp
2012+19.4%+33.5%
-14.0 pp
2011-47.2%-26.4%
-20.8 pp
2010+0.9%+15.3%
-14.3 pp
2009+232.5%+91.0%
+141.5 pp
2008-73.3%-56.5%
-16.7 pp
2007+143.3%+64.6%
+78.7 pp
2006+98.1%+36.2%
+61.9 pp
2005+6.1%+38.8%
-32.7 pp
2004 (partial)+16.4%+18.5%
-2.1 pp