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 11 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%	4.58M	Nov 2025	NFTY vs IND
FLIN	Franklin FTSE India ETF	0.19%	2.77B	Feb 2018	NFTY vs FLIN
INDH	WisdomTree India Hedged Equity Fund	0.64%	5.90M	May 2024	NFTY vs INDH
INDY	iShares India 50 ETF	0.65%	560.85M	Nov 2009	NFTY vs INDY
INDA	iShares MSCI India ETF	0.69%	6.91B	Feb 2012	NFTY vs INDA

Best Risk-Adjusted Alternatives to NFTY

NFTY has a PortfoliosLab risk / return rank of 4. There are 5 ETFs in the India Equities category with higher risk-adjusted ranks, going as high as 9.

Symbol	Name	Risk / Return Rank	AUM	Inception
INDE	Matthews India Active ETF	9	17.78M	Sep 2023	NFTY vs INDE
GLIN	VanEck Vectors India Growth Leaders ETF	7	98.26M	Aug 2010	NFTY vs GLIN
SMIN	iShares MSCI India Small-Cap ETF	6	726.95M	Feb 2012	NFTY vs SMIN
INDH	WisdomTree India Hedged Equity Fund	6	5.90M	May 2024	NFTY vs INDH
INCO	Columbia India Consumer ETF	5	227.95M	Aug 2011	NFTY vs INCO

Top Performing NFTY Alternatives (YTD)

NFTY is at -8.16% YTD. There are 5 ETFs in the India Equities category with higher YTD returns, going as high as 0.29%.

Symbol	Name	YTD Return	AUM	Inception
SMIN	iShares MSCI India Small-Cap ETF	0.29%	726.95M	Feb 2012	NFTY vs SMIN
INDE	Matthews India Active ETF	-1.30%	17.78M	Sep 2023	NFTY vs INDE
GLIN	VanEck Vectors India Growth Leaders ETF	-1.48%	98.26M	Aug 2010	NFTY vs GLIN
INDH	WisdomTree India Hedged Equity Fund	-7.44%	5.90M	May 2024	NFTY vs INDH
IND	Xtrackers Nifty 500 India ETF	-8.13%	4.58M	Nov 2025	NFTY vs IND

Lowest Volatility Alternatives to NFTY

NFTY has 14.72% 1-year volatility. There are 2 ETFs in the India Equities category with lower 1-year volatility, going as low as 13.30%.

Symbol	Name	Volatility 1Y	AUM	Inception
INDH	WisdomTree India Hedged Equity Fund	13.30%	5.90M	May 2024	NFTY vs INDH
INDY	iShares India 50 ETF	14.46%	560.85M	Nov 2009	NFTY vs INDY
INDA	iShares MSCI India ETF	15.00%	6.91B	Feb 2012	NFTY vs INDA
FLIN	Franklin FTSE India ETF	15.27%	2.77B	Feb 2018	NFTY vs FLIN
EPI	WisdomTree India Earnings Fund	15.27%	2.08B	Feb 2008	NFTY vs EPI

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%	5.90M	May 2024	NFTY vs INDH
EPI	WisdomTree India Earnings Fund	-15.94%	2.08B	Feb 2008	NFTY vs EPI
NDIA	Global X Funds - Global X India Active ETF	-17.09%	58.99M	Aug 2023	NFTY vs NDIA
GLIN	VanEck Vectors India Growth Leaders ETF	-17.26%	98.26M	Aug 2010	NFTY vs GLIN
INDA	iShares MSCI India ETF	-17.85%	6.91B	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 12 categories. AUM among these funds goes as high as $24B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Cybersecurity, Technology Equities	34	30.63%	14.26B	Jul 2015	NFTY vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Alternative Energy Equities	58	19.90%	11.74B	Nov 2009	NFTY vs GRID
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	72	25.41%	10.80B	Mar 2014	NFTY vs AIRR
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	82	14.84%	7.48B	Mar 2006	NFTY vs FDL
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	20	-6.87%	510.89M	Mar 2021	NFTY vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	94	86.01%	2.46B	Sep 2016	NFTY vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	36	14.50%	4.34B	Aug 2012	NFTY vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	54	22.86%	718.18M	Feb 2007	NFTY vs QCLN
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income...	Dividend, S&P 500	32	6.78%	3.40B	Mar 2018	NFTY vs KNG
RDVY	First Trust Rising Dividend Achievers ETF	Dividend, Large Cap Blend Equities	81	15.91%	24.39B	Jan 2014	NFTY vs RDVY

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	70	11.28%	783.21B	Jan 1993	NFTY vs SPY
TCS.NS	Tata Consultancy Services Limited		6	-29.15%	—	—	NFTY vs TCS.NS
QQQ	Invesco QQQ ETF	Nasdaq-100	59	17.11%	481.14B	Mar 1999	NFTY vs QQQ
^N225	Nikkei 225		95	32.24%	—	—	NFTY vs ^N225
XNIF.L	Xtrackers Nifty 50 Swap UCITS ETF 1C	India Equities, Asia Pacific Equities	2	-14.57%	134.25M	Jul 2007	NFTY vs XNIF.L
XID.TO	iShares India Index ETF	India Equities, Asia Pacific Equities	4	-10.58%	136.92M	Jan 2010	NFTY vs XID.TO
ZID.TO	BMO MSCI India ESG Leaders Index ETF	India Equities, Asia Pacific Equities	3	-14.35%	180.89M	Jan 2010	NFTY vs ZID.TO
RFEM	First Trust RiverFront Dynamic Emerging Markets ET...	Emerging Markets Equities	70	19.50%	78.79M	Jun 2016	NFTY vs RFEM
VTI	Vanguard Total Stock Market ETF	Large Cap Blend Equities	70	11.75%	2.30T	May 2001	NFTY vs VTI
DMART.NS	Avenue Supermarts Limited		39	3.89%	—	—	NFTY vs DMART.NS
^NDX	NASDAQ 100 Index		65	16.84%	—	—	NFTY vs ^NDX
TATAMOTORS.NS	Tata Motors Limited		18	-8.60%	—	—	NFTY vs TATAMOTORS.NS
TITAN.NS	Titan Company Limited		86	13.40%	—	—	NFTY vs TITAN.NS
^XNDX	NASDAQ 100 Total Return Index		—	—	—	—	NFTY vs ^XNDX
ASIANPAINT.NS	Asian Paints Limited		59	-2.76%	—	—	NFTY vs ASIANPAINT.NS
SYNGENE.NS	Syngene International Limited		8	-35.22%	—	—	NFTY vs SYNGENE.NS
DGIN	VanEck Digital India ETF	India Equities, Asia Pacific Equities	4	-11.70%	15.52M	Feb 2022	NFTY vs DGIN
MINDX	Matthews India Fund	India Equities, Asia Pacific Equities	1	-8.85%	—	Oct 2005	NFTY vs MINDX
HJPNX	Hennessy Japan Fund	Japan Equities, Asia Pacific Equities	59	23.46%	—	Oct 2003	NFTY vs HJPNX
TATAELXSI.NS	Tata Elxsi Limited		1	-31.62%	—	—	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