Comparative Performance of U.S. and Indian Indices with INR Adjustment for period (2012-2024)
This TradingView chart displays a comparative performance analysis of multiple indices and assets from 2012 to 2024, measured in a mixed percentage scale. The assets include:
1. **QQQ in INR** (QQQ * USDINR): Represented in green, this line shows the Nasdaq-100 ETF (QQQ) adjusted to Indian Rupees, which has the highest performance, growing approximately +1,267.50% over the period.
2. **Nifty Midcap 150** (NIFTYMIDCAP150): In pink, this index tracks India's mid-cap companies, showing a significant growth of +883.72%.
3. **QQQ**: Shown in cyan, this is the U.S. QQQ ETF in its original USD form, with a return of +705.77%.
4. **S&P 500 in INR** (SPX * USDINR): In blue, this line represents the S&P 500 index adjusted to INR, showing an increase of +641.27%.
5. **Nifty Junior (NIFTYJR)**: Represented in purple, this index tracks India's next 50 large-cap stocks after the Nifty 50, showing a gain of +617.46%.
6. **Nifty 50** (NIFTY): In teal, this represents India’s benchmark index, which has grown by +423.78%.
7. **S&P 500** (SPX): In red, this represents the S&P 500 in its original USD form, with a performance of +336.51%.
8. **Gold in INR** (GOLD * USDINR): Represented in red, this shows the price of gold adjusted to INR, growing by +167.45%.
The chart indicates that, over this time period, U.S. tech (represented by QQQ) outperformed Indian indices and other asset classes when adjusted to INR, showcasing a strong relative growth in technology-focused U.S. equities compared to Indian mid-cap, large-cap indices, and gold. The Nifty Midcap 150 also exhibited impressive growth, especially when compared to other Indian and U.S. large-cap indices. Gold, while traditionally considered a safe asset, showed the least growth in comparison to equity indices.
This chart offers a clear view of the benefits of sectoral diversification, currency-adjusted performance, and asset allocation across different geographic regions.