NFTY Alternatives & Similar ETFs

First Trust India NIFTY 50 Equal Weight ETF (NFTY) belongs to the India Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NFTY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to NFTY

NFTY charges 0.80% annually. There are 14 ETFs in the India Equities category with lower expense ratios, going as low as 0.19%.

Symbol	Name	Expense Ratio	AUM	Inception
IND	Xtrackers Nifty 500 India ETF	0.19%	4.57M	Nov 2025	NFTY vs IND
FLIN	Franklin FTSE India ETF	0.19%	2.66B	Feb 2018	NFTY vs FLIN
INDH	WisdomTree India Hedged Equity Fund	0.64%	5.79M	May 2024	NFTY vs INDH
INDY	iShares India 50 ETF	0.65%	563.62M	Nov 2009	NFTY vs INDY
INDA	iShares MSCI India ETF	0.69%	6.56B	Feb 2012	NFTY vs INDA

Best Risk-Adjusted Alternatives to NFTY

NFTY has a PortfoliosLab risk / return rank of 10. There are 3 ETFs in the India Equities category with higher risk-adjusted ranks, going as high as 16.

Symbol	Name	Risk / Return Rank	AUM	Inception
INDE	Matthews India Active ETF	16	17.68M	Sep 2023	NFTY vs INDE
GLIN	VanEck Vectors India Growth Leaders ETF	15	94.44M	Aug 2010	NFTY vs GLIN
SMIN	iShares MSCI India Small-Cap ETF	11	756.97M	Feb 2012	NFTY vs SMIN
INCO	Columbia India Consumer ETF	10	235.98M	Aug 2011	NFTY vs INCO
EPI	WisdomTree India Earnings Fund	8	2.01B	Feb 2008	NFTY vs EPI

Top Performing NFTY Alternatives (YTD)

NFTY is at -4.28% YTD. There are 4 ETFs in the India Equities category with higher YTD returns, going as high as 2.82%.

Symbol	Name	YTD Return	AUM	Inception
SMIN	iShares MSCI India Small-Cap ETF	2.82%	756.97M	Feb 2012	NFTY vs SMIN
INDE	Matthews India Active ETF	0.69%	17.68M	Sep 2023	NFTY vs INDE
GLIN	VanEck Vectors India Growth Leaders ETF	0.01%	94.44M	Aug 2010	NFTY vs GLIN
INCO	Columbia India Consumer ETF	-3.38%	235.98M	Aug 2011	NFTY vs INCO
GIND	Goldman Sachs India Equity ETF	-4.76%	166.11M	Apr 2025	NFTY vs GIND

Lowest Volatility Alternatives to NFTY

NFTY has 14.87% 1-year volatility. There are 2 ETFs in the India Equities category with lower 1-year volatility, going as low as 13.38%.

Symbol	Name	Volatility 1Y	AUM	Inception
INDH	WisdomTree India Hedged Equity Fund	13.38%	5.79M	May 2024	NFTY vs INDH
INDY	iShares India 50 ETF	14.68%	563.62M	Nov 2009	NFTY vs INDY
INDA	iShares MSCI India ETF	15.14%	6.56B	Feb 2012	NFTY vs INDA
EPI	WisdomTree India Earnings Fund	15.32%	2.01B	Feb 2008	NFTY vs EPI
FLIN	Franklin FTSE India ETF	15.40%	2.66B	Feb 2018	NFTY vs FLIN

Lowest Drawdown Alternatives to NFTY

NFTY has a 1-year max drawdown of -16.14%. There are 2 ETFs in the India Equities category with shallower 1-year drawdowns, going as shallow as -12.94%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
INDH	WisdomTree India Hedged Equity Fund	-12.94%	5.79M	May 2024	NFTY vs INDH
EPI	WisdomTree India Earnings Fund	-15.69%	2.01B	Feb 2008	NFTY vs EPI
GLIN	VanEck Vectors India Growth Leaders ETF	-17.07%	94.44M	Aug 2010	NFTY vs GLIN
NDIA	Global X Funds - Global X India Active ETF	-17.09%	59.25M	Aug 2023	NFTY vs NDIA
INDA	iShares MSCI India ETF	-17.85%	6.56B	Feb 2012	NFTY vs INDA

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 14 categories. AUM among these funds goes as high as $25B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Cybersecurity, Technology Equities	43	37.43%	14.31B	Jul 2015	NFTY vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Infrastructure Equities, Alternative Energy Equities, Energy Equities	50	22.61%	11.67B	Nov 2009	NFTY vs GRID
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	58	24.83%	10.18B	Mar 2014	NFTY vs AIRR
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	91	19.24%	7.77B	Mar 2006	NFTY vs FDL
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	21	-6.36%	514.13M	Mar 2021	NFTY vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	91	81.48%	1.27B	Sep 2016	NFTY vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	47	20.64%	4.18B	Aug 2012	NFTY vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities, Energy Equities	43	17.28%	586.61M	Feb 2007	NFTY vs QCLN
RDVY	First Trust Rising Dividend Achievers ETF	Dividend, Large Cap Blend Equities	85	20.30%	24.89B	Jan 2014	NFTY vs RDVY
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income...	Dividend, S&P 500	44	10.69%	3.53B	Mar 2018	NFTY vs KNG

Often Compared With NFTY

Investors most often compare NFTY with SPY, TCS.NS, QQQ. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SPY	State Street SPDR S&P 500 ETF	S&P 500	72	13.71%	789.06B	Jan 1993	NFTY vs SPY
TCS.NS	Tata Consultancy Services Limited		19	-20.39%	—	—	NFTY vs TCS.NS
QQQ	Invesco QQQ ETF	Nasdaq-100	55	18.11%	452.80B	Mar 1999	NFTY vs QQQ
^N225	Nikkei 225		93	30.84%	—	—	NFTY vs ^N225
XNIF.L	Xtrackers Nifty 50 Swap UCITS ETF 1C	India Equities, Asia Pacific Equities	4	-11.78%	135.47M	Jul 2007	NFTY vs XNIF.L
XID.TO	iShares India Index ETF	India Equities, Asia Pacific Equities	6	-7.32%	136.70M	Jan 2010	NFTY vs XID.TO
ZID.TO	BMO MSCI India ESG Leaders Index ETF	India Equities, Asia Pacific Equities	5	-9.92%	172.68M	Jan 2010	NFTY vs ZID.TO
RFEM	First Trust RiverFront Dynamic Emerging Markets ET...	Emerging Markets Equities	77	22.83%	78.66M	Jun 2016	NFTY vs RFEM
VTI	Vanguard Total Stock Market ETF	Large Cap Blend Equities	72	14.27%	2.30T	May 2001	NFTY vs VTI
^NDX	NASDAQ 100 Index		50	17.76%	—	—	NFTY vs ^NDX
DMART.NS	Avenue Supermarts Limited		33	6.37%	—	—	NFTY vs DMART.NS
TATAMOTORS.NS	Tata Motors Limited		26	-4.33%	—	—	NFTY vs TATAMOTORS.NS
^XNDX	NASDAQ-100 Total Return Index		—	—	—	—	NFTY vs ^XNDX
DGIN	VanEck Digital India ETF	India Equities, Asia Pacific Equities	6	-8.86%	15.54M	Feb 2022	NFTY vs DGIN
TITAN.NS	Titan Company Limited		92	22.21%	—	—	NFTY vs TITAN.NS
ASIANPAINT.NS	Asian Paints Limited		58	1.07%	—	—	NFTY vs ASIANPAINT.NS
MINDX	Matthews India Fund	India Equities, Asia Pacific Equities	3	-5.07%	—	Oct 2005	NFTY vs MINDX
SYNGENE.NS	Syngene International Limited		3	-36.81%	—	—	NFTY vs SYNGENE.NS
HJPNX	Hennessy Japan Fund	Japan Equities, Asia Pacific Equities	54	21.72%	—	Oct 2003	NFTY vs HJPNX
TATAELXSI.NS	Tata Elxsi Limited		4	-27.41%	—	—	NFTY vs TATAELXSI.NS

Compare NFTY with Any Fund or Stock

Compare NFTY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair NFTY with funds that move differently

First Trust India NIFTY 50 Equal Weight ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NFTY.

Explore NFTY Diversifiers

First Trust India NIFTY 50 Equal Weight ETF (NFTY) Alternatives