DGJA vs. NFTY

Last updated Jun 6, 2026

DGJA (FT Vest U.S. Equity Buffer & Digital Return ETF - January) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - DGJA is a Defined Outcome fund actively managed by First Trust, while NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index. DGJA is actively managed, while NFTY is passively managed. A 0.75 correlation means they provide meaningful diversification when combined. DGJA charges 0.85%/yr vs 0.80%/yr for NFTY.

Performance

DGJA vs. NFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Buffer & Digital Return ETF - January (DGJA) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DGJA

• 1D: -0.49%
• 1M: 0.46%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NFTY

• 1D: -1.11%
• 1M: -4.14%
• YTD: -9.95%
• 6M: -9.47%
• 1Y: -8.75%
• 3Y*: 5.74%
• 5Y*: 4.57%
• 10Y*: 7.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DGJA vs. NFTY - Yearly Performance Comparison

	2026 (YTD)
DGJA FT Vest U.S. Equity Buffer & Digital Return ETF - January	3.69%
NFTY First Trust India NIFTY 50 Equal Weight ETF	-6.66%

Correlation

The correlation between DGJA and NFTY is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 21, 2026	0.75

Return for Risk

DGJA vs. NFTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NFTY

NFTY Risk / Return Rank: 4
NFTY Sharpe Ratio Rank: 4
NFTY Sortino Ratio Rank: 4
NFTY Omega Ratio Rank: 4
NFTY Calmar Ratio Rank: 4
NFTY Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DGJA vs. NFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Buffer & Digital Return ETF - January (DGJA) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DGJA	NFTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.60	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.26	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	0.28	+1.45

Drawdowns

DGJA vs. NFTY - Drawdown Comparison

The maximum DGJA drawdown since its inception was -3.79%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for DGJA and NFTY.

Drawdown Indicators

	DGJA	NFTY	Difference
Max Drawdown Largest peak-to-trough decline	-3.79%	-47.67%	+43.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.14%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.67%	—
Current Drawdown Current decline from peak	-0.56%	-17.68%	+17.12%
Average Drawdown Average peak-to-trough decline	-0.56%	-9.59%	+9.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.21%	—

Volatility

Volatility by Period

	DGJA	NFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.88%	14.77%	-8.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.88%	17.38%	-11.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.88%	20.72%	-14.84%

DGJA vs. NFTY - Expense Ratio Comparison

DGJA has a 0.85% expense ratio, which is higher than NFTY's 0.80% expense ratio.

Dividends

DGJA vs. NFTY - Dividend Comparison

DGJA has not paid dividends to shareholders, while NFTY's dividend yield for the trailing twelve months is around 1.97%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGJA FT Vest U.S. Equity Buffer & Digital Return ETF - January	0.00%	0.00%	0.00%	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	1.97%	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

Can I hold both DGJA and NFTY in my portfolio?

DGJA and NFTY have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DGJA or NFTY?

On fees, NFTY is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DGJA or NFTY?

NFTY is cheaper with a 0.80% expense ratio, compared with 0.85% for DGJA.

Which ETF pays a higher dividend yield, DGJA or NFTY?

NFTY has the higher dividend yield at 1.97%, compared with 0.00% for DGJA.

What is the main difference between DGJA and NFTY?

DGJA is categorized as Defined Outcome, while NFTY is Asia Pacific Equities. Their fees differ too: 0.85% for DGJA and 0.80% for NFTY.