CAAA vs. NFTY
Compare and contrast key facts about First Trust Commercial Mortgage Opportunities ETF (CAAA) and First Trust India NIFTY 50 Equal Weight ETF (NFTY).
CAAA and NFTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CAAA is an actively managed fund by First Trust. It was launched on Feb 26, 2024. 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
CAAA vs. NFTY - Performance Comparison
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CAAA vs. NFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CAAA First Trust Commercial Mortgage Opportunities ETF | 0.24% | 8.03% | 4.65% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | -11.54% | 5.47% | 1.18% |
Returns By Period
In the year-to-date period, CAAA achieves a 0.24% return, which is significantly higher than NFTY's -11.54% return.
CAAA
- 1D
- 0.07%
- 1M
- -0.95%
- YTD
- 0.24%
- 6M
- 1.43%
- 1Y
- 5.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFTY
- 1D
- -0.40%
- 1M
- -8.21%
- YTD
- -11.54%
- 6M
- -8.94%
- 1Y
- -5.66%
- 3Y*
- 8.12%
- 5Y*
- 5.79%
- 10Y*
- 7.60%
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CAAA vs. NFTY - Expense Ratio Comparison
CAAA has a 0.55% expense ratio, which is lower than NFTY's 0.80% expense ratio.
Return for Risk
CAAA vs. NFTY — Risk / Return Rank
CAAA
NFTY
CAAA vs. NFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Commercial Mortgage Opportunities ETF (CAAA) 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.
| CAAA | NFTY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | -0.36 | +2.01 |
Sortino ratioReturn per unit of downside risk | 2.40 | -0.43 | +2.82 |
Omega ratioGain probability vs. loss probability | 1.30 | 0.95 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 2.72 | -0.39 | +3.11 |
Martin ratioReturn relative to average drawdown | 9.51 | -1.37 | +10.89 |
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
| CAAA | NFTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | -0.36 | +2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.33 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.92 | 0.27 | +1.65 |
Correlation
The correlation between CAAA and NFTY is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CAAA vs. NFTY - Dividend Comparison
CAAA's dividend yield for the trailing twelve months is around 5.68%, more than NFTY's 2.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAAA First Trust Commercial Mortgage Opportunities ETF | 5.68% | 6.09% | 4.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 2.00% | 1.24% | 1.61% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.39% |
Drawdowns
CAAA vs. NFTY - Drawdown Comparison
The maximum CAAA drawdown since its inception was -2.24%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for CAAA and NFTY.
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Drawdown Indicators
| CAAA | NFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.24% | -47.67% | +45.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.08% | -16.14% | +14.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.67% | — |
Current DrawdownCurrent decline from peak | -1.35% | -19.14% | +17.79% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -9.51% | +8.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 4.59% | -4.00% |
Volatility
CAAA vs. NFTY - Volatility Comparison
The current volatility for First Trust Commercial Mortgage Opportunities ETF (CAAA) is 1.20%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 7.42%. This indicates that CAAA experiences smaller price fluctuations and is considered to be less risky 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
| CAAA | NFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 7.42% | -6.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.18% | 11.42% | -9.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 15.79% | -12.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.23% | 17.53% | -14.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.23% | 20.72% | -17.49% |