AFGR vs. NFTY
AFGR (First Trust Active Factor Large Cap Growth ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - AFGR is a Large Cap Growth Equities fund actively managed by First Trust, while NFTY is a India Equities fund tracking the NIFTY 50 Equal Weight Index. AFGR is actively managed, while NFTY is passively managed. Over the past 5 years, AFGR returned 6.28%/yr vs 5.95%/yr for NFTY. At a 0.38 correlation, their price movements are largely independent. AFGR charges 0.65%/yr vs 0.80%/yr for NFTY.
Performance
AFGR vs. NFTY - Performance Comparison
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Returns By Period
In the year-to-date period, AFGR achieves a 2.40% return, which is significantly higher than NFTY's -6.71% return.
AFGR
- 1D
- -0.73%
- 1M
- -2.63%
- 6M
- 2.92%
- YTD
- 2.40%
- 1Y
- 7.63%
- 3Y*
- 18.88%
- 5Y*
- 6.28%
- 10Y*
- —
NFTY
- 1D
- 0.72%
- 1M
- 2.44%
- 6M
- -7.29%
- YTD
- -6.71%
- 1Y
- -8.40%
- 3Y*
- 5.33%
- 5Y*
- 5.95%
- 10Y*
- 8.05%
AFGR vs. NFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AFGR First Trust Active Factor Large Cap Growth ETF | 2.40% | 17.28% | 25.96% | 45.21% | -39.18% | 13.23% | 21.39% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | -6.71% | 5.47% | 5.18% | 24.00% | -3.46% | 26.83% | 27.11% |
Correlation
The correlation between AFGR and NFTY is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2020 | 0.38 |
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Return for Risk
AFGR vs. NFTY — Risk / Return Rank
AFGR
NFTY
AFGR vs. NFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Large Cap Growth ETF (AFGR) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AFGR | NFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.92 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | -0.50 | +0.96 |
| Martin ratioReturn relative to average drawdown | 1.30 | -1.21 | +2.50 |
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Drawdowns
AFGR vs. NFTY - Drawdown Comparison
The maximum AFGR drawdown since its inception was -45.97%, roughly equal to the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for AFGR and NFTY.
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Drawdown Indicators
| AFGR | NFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.97% | -47.67% | +1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -19.89% | -16.14% | -3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -26.57% | -21.55% | -5.02% |
Max Drawdown (5Y)Largest decline over 5 years | -45.97% | -21.55% | -24.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.67% | — |
Current DrawdownCurrent decline from peak | -4.38% | -14.72% | +10.34% |
Average DrawdownAverage peak-to-trough decline | -14.22% | -9.61% | -4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.04% | 6.71% | +0.33% |
Volatility
AFGR vs. NFTY - Volatility Comparison
First Trust Active Factor Large Cap Growth ETF (AFGR) has a higher volatility of 6.19% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 3.99%. This indicates that AFGR's price experiences larger fluctuations and is considered to be riskier than NFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFGR | NFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 3.99% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 14.62% | 12.63% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.74% | 14.69% | +4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.05% | 17.42% | +7.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.49% | 20.67% | +3.82% |
AFGR vs. NFTY - Expense Ratio Comparison
AFGR has a 0.65% expense ratio, which is lower than NFTY's 0.80% expense ratio.
Dividends
AFGR vs. NFTY - Dividend Comparison
AFGR has not paid dividends to shareholders, while NFTY's dividend yield for the trailing twelve months is around 1.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFGR First Trust Active Factor Large Cap Growth ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.90% | 1.24% | 1.61% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.39% |
Frequently Asked Questions
AFGR and NFTY have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AFGR has higher volatility (6.19%) compared to NFTY (3.99%). In terms of maximum drawdown, AFGR dropped -45.97% vs NFTY's -47.67%.
On 5-year performance, AFGR leads with 6.28% vs 5.95% for NFTY. On fees, AFGR is cheaper at 0.65% per year. On volatility, NFTY has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AFGR has performed better with a 6.28% return vs 5.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AFGR is cheaper with a 0.65% expense ratio, compared with 0.80% for NFTY.
NFTY has the higher dividend yield at 1.90%, compared with 0.00% for AFGR.
AFGR is categorized as Large Cap Growth Equities, while NFTY is India Equities. Their fees differ too: 0.65% for AFGR and 0.80% for NFTY.
AFGR currently has the higher Sharpe Ratio (0.49 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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