Axis BSE Sensex ETF vs HDFC Housing Opportunities Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis BSE Sensex ETF is an ETF fund and HDFC Housing Opportunities Fund is a Thematic fund. In the 3 years to 30-10-2026, Axis BSE Sensex ETF returned 6.2% a year and HDFC Housing Opportunities Fund (Direct) returned 7.5% a year. Axis BSE Sensex ETF charges 0.04% a year and HDFC Housing Opportunities Fund 1.42%. Their portfolios overlap 37.8%: they hold 10 of the same securities.
HDFC Housing Opportunities Fund
Thematic
- 3 year return
- 7.5%
- Expense ratio
- 1.42%
- NAV
- ₹21.76
Which is better, Axis BSE Sensex ETF or HDFC Housing Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Housing Opportunities returned more over 3 years: 7.5% a year against 6.2%.
- Axis BSE Sensex ETF returned more over 1 year: −10.9% against −12.9%.
- Axis BSE Sensex ETF costs less: 0.04% a year against 1.42%.
- Axis BSE Sensex ETF swung less over 3 years: a standard deviation of 13.2% a year against 16.7%.
- Axis BSE Sensex ETF fell less in its worst fall since 29-03-2023: −16.0% against −23.1%.
- Axis BSE Sensex ETF holds more in large companies: 100.0% of the fund in large caps against 62.9%.
- HDFC Housing Opportunities is the larger fund: ₹1,100 Cr against ₹121 Cr.
- Their portfolios overlap 37.8%: 10 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis BSE Sensex ETF | HDFC Housing Opportunities Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | HDFC Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹121 Cr (30-09-2026) | ₹1,100 Cr (30-09-2026) |
| NAV | ₹77.37 | ₹21.76 (Direct) |
| Expense ratio (Direct) | Not available | 1.42% |
| Expense ratio (Regular) | Not available | 2.27% |
| Riskometer | Very High | Very High |
| Benchmark | BSE SENSEX TRI | Nifty Housing TRI |
| Launch date | 24-03-2023 | 06-12-2017 |
| Minimum investment | 40000 (Units) | ₹100 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Ashish Shah, Gopal Agrawal, Bhagyesh Kagalkar |
| Exit load | Nil | In respect of each purchase/switch in of units- an Exit load of 1% is payable if units are redeemed/switched out within 30 days from the date of allotment. No Exit Load is payable if units are redeemed/switched-out after 30 days from the date of allotment. |
Axis BSE Sensex ETF vs HDFC Housing Opportunities: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis BSE Sensex ETF | +2.77% | −4.30% | −2.43% | −10.95% | +6.21% | -- | -- |
| HDFC Housing Opportunities Fund (Direct) | −2.87% | −7.16% | −7.79% | −12.92% | +7.49% | +9.67% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Axis BSE Sensex ETF vs HDFC Housing Opportunities: Year-wise Returns
| Year | Axis BSE Sensex ETFAxis BSE Sensex ETF | HDFC Housing OpportunitiesHDFC Housing Opportunities |
|---|---|---|
| 2026to date | −11.84% | −10.29% |
| 2025 | +10.32% | +0.85% |
| 2024 | +9.31% | +15.16% |
| 2023 | -- | +40.56% |
| 2022 | -- | +14.27% |
| 2021 | -- | +31.24% |
Axis BSE Sensex ETF vs HDFC Housing Opportunities: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of Axis BSE Sensex ETF
Rolling returns
Every 3-year holding period, 146 of them, one for each trading day from 30-03-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis BSE Sensex ETF
HDFC Housing Opportunities Fund (Direct)
BSE SENSEX TRI
to
Apr 2026May 2023
to
May 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis BSE Sensex ETF | 0.0 | 13.7 | 80.1 | 6.2 | 0.0 | 0.0 | 0.0 | 7.1% | 7.1% | 3.8% | 11.2% | 0% |
| HDFC Housing Opportunities | 0.0 | 0.0 | 23.4 | 42.1 | 34.5 | 0.0 | 0.0 | 13.0% | 13.7% | 6.7% | 18.8% | 100% |
| BSE SENSEX TRI | 0.0 | 12.3 | 81.5 | 6.2 | 0.0 | 0.0 | 0.0 | 7.2% | 7.2% | 3.9% | 11.3% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE SENSEX TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 29-03-2023. Past returns do not promise future returns.
Axis BSE Sensex ETF vs HDFC Housing Opportunities: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 29-03-2023 to 30-10-2026: 44 instalments, ₹4,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis BSE Sensex ETFAxis BSE Sensex ETF | ₹4,40,000 | ₹4,50,676 | ₹10,676 | 1.3% |
| HDFC Housing OpportunitiesHDFC Housing Opportunities Fund (Direct) | ₹4,40,000 | ₹4,49,897 | ₹9,897 | 1.2% |
Axis BSE Sensex ETFAxis BSE Sensex ETF
HDFC Housing OpportunitiesHDFC Housing Opportunities Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis BSE Sensex ETF vs HDFC Housing Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis BSE Sensex ETF | HDFC Housing Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.95% | −12.92% |
| Standard deviation | 13.98% | 15.96% |
| Sharpe ratio | -1.16 | -1.14 |
| Sortino ratio | -1.55 | -1.50 |
| Maximum drawdown | −16.0% (31-03-2026) | −15.7% (30-03-2026) |
| Beta | 1.00 | 0.92 |
| Alpha | −0.06% | −6.91% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis BSE Sensex ETF | HDFC Housing Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.21% | +7.49% |
| Standard deviation | 13.25% | 16.74% |
| Sharpe ratio | 0.01 | 0.09 |
| Sortino ratio | 0.02 | 0.12 |
| Maximum drawdown | −16.0% (31-03-2026) | −23.1% (03-03-2025) |
| Beta | 1.00 | 0.94 |
| Alpha | −0.11% | −2.24% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis BSE Sensex ETF | HDFC Housing Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.45% | +9.11% |
| Standard deviation | 12.62% | 17.74% |
| Sharpe ratio | 0.18 | 0.21 |
| Sortino ratio | 0.26 | 0.29 |
| Maximum drawdown | −16.0% (31-03-2026) | −42.2% (24-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.13% | -- |
From daily NAVs, 29-03-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis BSE Sensex ETF
HDFC Housing Opportunities Fund (Direct)
BSE SENSEX TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis BSE Sensex ETF | −16.0% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.4% |
| HDFC Housing Opportunities Fund (Direct) | −23.1% | 27-09-2024 | 03-03-2025 | Not yet | -- | −17.7% |
| BSE SENSEX TRI | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 29-03-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis BSE Sensex ETF
HDFC Housing Opportunities Fund (Direct)
BSE SENSEX TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis BSE Sensex ETF
HDFC Housing Opportunities Fund (Direct)
BSE SENSEX TRI
Against BSE SENSEX TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis BSE Sensex ETF | 99% | 100% | 0.05% |
| HDFC Housing Opportunities Fund (Direct) | 109% | 78% | 9.68% |
From month-end values since 29-03-2023. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis BSE Sensex ETF vs HDFC Housing Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Axis BSE Sensex ETF, September 2026; HDFC Housing Opportunities Fund, September 2026
Holdings in common
- Overlap
- 37.8%
- Held by both
- 10
- Only in Axis BSE Sensex ETF
- 20
- Only in HDFC Housing Opportunities
- 28
| Security | % of Axis BSE Sensex ETF | % of HDFC Housing Opportunities |
|---|---|---|
| ICICI Bank Limited | 11.03% | 8.11% |
| HDFC Bank Limited | 12.59% | 8.05% |
| Larsen & Toubro Limited | 5.11% | 8.54% |
| State Bank of India | 4.64% | 5.06% |
| Axis Bank Limited | 4.08% | 3.34% |
| Kotak Mahindra Bank Limited | 3.57% | 2.27% |
| NTPC Limited | 1.78% | 7.33% |
| Tata Steel Limited | 1.77% | 4.69% |
| UltraTech Cement Limited | 1.50% | 4.98% |
| Asian Paints Limited | 1.27% | 1.97% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.8% means 37.8% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis BSE Sensex ETF
| Security | % of fund |
|---|---|
| Reliance Industries Limited | 9.15% |
| Bharti Airtel Limited | 6.38% |
| Infosys Limited | 4.08% |
| Mahindra & Mahindra Limited | 3.07% |
| Bajaj Finance Limited | 2.99% |
Largest holdings only in HDFC Housing Opportunities Fund
| Security | % of fund |
|---|---|
| Ambuja Cements Ltd. | 5.32% |
| Kalpataru Projects International Ltd | 5.01% |
| Prestige Estates Projects Ltd. | 4.38% |
| Electronics Mart India Ltd | 3.41% |
| JSW Dulux Limited | 2.52% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis BSE Sensex ETF | HDFC Housing Opportunities |
|---|---|---|
| Equity | 100.0% | 98.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 1.5% |
Market cap of stocks
| Market cap | Axis BSE Sensex ETF | HDFC Housing Opportunities |
|---|---|---|
| Large Cap | 100.0% | 62.9% |
| Mid Cap | 0.0% | 9.1% |
| Small Cap | 0.0% | 25.3% |
| Not on AMFI's list | 0.0% | 1.3% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis BSE Sensex ETF | HDFC Housing Opportunities |
|---|---|---|
| Banks | 35.9% | 28.1% |
| Construction | 5.1% | 14.0% |
| Cement & Cement Products | 1.5% | 12.2% |
| Consumer Durables | 3.5% | 12.1% |
| Petroleum Products | 9.2% | 0.0% |
| IT - Software | 9.1% | 0.0% |
| Realty | 0.0% | 9.1% |
| Power | 3.2% | 7.3% |
| Telecom - Services | 6.4% | 0.0% |
| Diversified FMCG | 4.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis BSE Sensex ETF vs HDFC Housing Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis BSE Sensex ETF | HDFC Housing Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.42% |
| Base expense ratio (Direct) | 0.00% | 1.17% |
| Total expense ratio (Regular) | Not available | 2.27% |
| Base expense ratio (Regular) | 0.03% | 1.91% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare HDFC Housing Opportunities with
Axis BSE Sensex ETF vs HDFC Housing Opportunities Fund: Frequently Asked Questions
What is the difference between Axis BSE Sensex ETF and HDFC Housing Opportunities Fund?
Axis BSE Sensex ETF is an ETF fund, HDFC Housing Opportunities Fund is a Thematic fund, run by Axis Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 37.8%. Axis BSE Sensex ETF charges 0.04% a year and HDFC Housing Opportunities Fund 1.42%.
Which has given higher returns, Axis BSE Sensex ETF or HDFC Housing Opportunities Fund?
Over 1 year: Axis BSE Sensex ETF −10.95%, HDFC Housing Opportunities Fund −12.92%. Over 3 years: Axis BSE Sensex ETF +6.21% a year, HDFC Housing Opportunities Fund +7.49% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis BSE Sensex ETF or HDFC Housing Opportunities Fund?
Axis BSE Sensex ETF charges less: 0.04% a year against 1.42%. These are the total expense ratios reported to AMFI.
How much do Axis BSE Sensex ETF and HDFC Housing Opportunities Fund overlap?
37.8%. They hold 10 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, LT. From each fund's latest monthly portfolio.
Which is riskier, Axis BSE Sensex ETF or HDFC Housing Opportunities Fund?
On SEBI's riskometer, Axis BSE Sensex ETF is rated Very High and HDFC Housing Opportunities Fund Very High. Over 3 years, the standard deviation of daily returns was 13.25% and 16.74% a year.
Which is better for SIP, Axis BSE Sensex ETF or HDFC Housing Opportunities Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,63,956 in Axis BSE Sensex ETF (XIRR -1.0% a year) and ₹3,50,621 in HDFC Housing Opportunities Fund (XIRR -3.4% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Axis BSE Sensex ETF and HDFC Housing Opportunities Fund?
Yes. 37.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis BSE Sensex ETF and HDFC Housing Opportunities Fund?
Axis BSE Sensex ETF: Nandik Malik, Rohit Gautam. HDFC Housing Opportunities Fund: Ashish Shah, Gopal Agrawal, Bhagyesh Kagalkar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.