AFSM vs. NFTY
Compare and contrast key facts about First Trust Active Factor Small Cap ETF (AFSM) and First Trust India NIFTY 50 Equal Weight ETF (NFTY).
AFSM and NFTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AFSM is an actively managed fund by First Trust. It was launched on Dec 3, 2019. NFTY is a passively managed fund by First Trust that tracks the performance of the NIFTY 50 Equal Weight Index. It was launched on Feb 14, 2012.
Performance
AFSM vs. NFTY - Performance Comparison
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AFSM vs. NFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AFSM First Trust Active Factor Small Cap ETF | 0.06% | 9.99% | 10.55% | 22.23% | -17.50% | 26.03% | 8.44% | 2.63% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | -11.19% | 5.47% | 5.18% | 24.00% | -3.46% | 26.83% | 10.04% | 2.45% |
Returns By Period
In the year-to-date period, AFSM achieves a 0.06% return, which is significantly higher than NFTY's -11.19% return.
AFSM
- 1D
- 3.20%
- 1M
- -4.89%
- YTD
- 0.06%
- 6M
- 0.77%
- 1Y
- 18.24%
- 3Y*
- 13.07%
- 5Y*
- 6.13%
- 10Y*
- —
NFTY
- 1D
- 3.49%
- 1M
- -9.46%
- YTD
- -11.19%
- 6M
- -7.86%
- 1Y
- -5.94%
- 3Y*
- 8.26%
- 5Y*
- 5.87%
- 10Y*
- 7.64%
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AFSM vs. NFTY - Expense Ratio Comparison
AFSM has a 0.77% expense ratio, which is lower than NFTY's 0.80% expense ratio.
Return for Risk
AFSM vs. NFTY — Risk / Return Rank
AFSM
NFTY
AFSM vs. NFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Small Cap ETF (AFSM) 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.
| AFSM | NFTY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | -0.38 | +1.23 |
Sortino ratioReturn per unit of downside risk | 1.34 | -0.46 | +1.80 |
Omega ratioGain probability vs. loss probability | 1.17 | 0.95 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | -0.34 | +1.91 |
Martin ratioReturn relative to average drawdown | 5.76 | -1.21 | +6.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AFSM | NFTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | -0.38 | +1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.34 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.27 | +0.08 |
Correlation
The correlation between AFSM and NFTY is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AFSM vs. NFTY - Dividend Comparison
AFSM's dividend yield for the trailing twelve months is around 0.55%, less than NFTY's 1.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFSM First Trust Active Factor Small Cap ETF | 0.55% | 0.58% | 0.58% | 0.92% | 1.28% | 0.35% | 0.53% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.99% | 1.24% | 1.61% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.39% |
Drawdowns
AFSM vs. NFTY - Drawdown Comparison
The maximum AFSM drawdown since its inception was -43.54%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for AFSM and NFTY.
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Drawdown Indicators
| AFSM | NFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.54% | -47.67% | +4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -12.41% | -16.14% | +3.73% |
Max Drawdown (5Y)Largest decline over 5 years | -28.27% | -21.55% | -6.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.67% | — |
Current DrawdownCurrent decline from peak | -6.67% | -18.81% | +12.14% |
Average DrawdownAverage peak-to-trough decline | -9.71% | -9.51% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 4.51% | -1.12% |
Volatility
AFSM vs. NFTY - Volatility Comparison
First Trust Active Factor Small Cap ETF (AFSM) and First Trust India NIFTY 50 Equal Weight ETF (NFTY) have volatilities of 7.78% and 7.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFSM | NFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 7.54% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.43% | 11.42% | +2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.43% | 15.79% | +5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.86% | 17.54% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.57% | 20.72% | +4.85% |