EMDM vs. NFTY
EMDM (First Trust Bloomberg Emerging Market Democracies ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - EMDM is a Emerging Markets Diversified fund tracking the Bloomberg Emerging Market Democracies Index - Benchmark TR Net, while NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index. Both are passively managed. Over the past 3 years, EMDM returned 30.82%/yr vs 6.30%/yr for NFTY. At a 0.48 correlation, their price movements are largely independent. EMDM charges 0.75%/yr vs 0.80%/yr for NFTY.
Performance
EMDM vs. NFTY - Performance Comparison
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Returns By Period
In the year-to-date period, EMDM achieves a 35.53% return, which is significantly higher than NFTY's -7.30% return.
EMDM
- 1D
- -5.54%
- 1M
- 3.57%
- YTD
- 35.53%
- 6M
- 38.16%
- 1Y
- 81.79%
- 3Y*
- 30.82%
- 5Y*
- —
- 10Y*
- —
NFTY
- 1D
- -1.31%
- 1M
- 1.01%
- YTD
- -7.30%
- 6M
- -7.62%
- 1Y
- -6.58%
- 3Y*
- 6.30%
- 5Y*
- 5.79%
- 10Y*
- 8.36%
EMDM vs. NFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 35.53% | 59.68% | -4.93% | 14.75% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | -7.30% | 5.47% | 5.18% | 28.50% |
Correlation
The correlation between EMDM and NFTY is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2023 | 0.48 |
The correlation between EMDM and NFTY has been stable across timeframes, ranging from 0.48 to 0.53 - a consistent structural relationship.
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Return for Risk
EMDM vs. NFTY — Risk / Return Rank
EMDM
NFTY
EMDM vs. NFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Emerging Market Democracies ETF (EMDM) 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.
| EMDM | NFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.60 | ||
| Sortino ratioReturn per unit of downside risk | +4.23 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 0.94 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 5.25 | -0.41 | +5.66 |
| Martin ratioReturn relative to average drawdown | 20.82 | -1.01 | +21.83 |
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Drawdowns
EMDM vs. NFTY - Drawdown Comparison
The maximum EMDM drawdown since its inception was -18.81%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for EMDM and NFTY.
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Drawdown Indicators
| EMDM | NFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.81% | -47.67% | +28.86% |
Max Drawdown (1Y)Largest decline over 1 year | -15.65% | -16.14% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -18.81% | -21.55% | +2.74% |
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 | -5.54% | -15.26% | +9.72% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -9.60% | +5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 6.56% | -2.62% |
Volatility
EMDM vs. NFTY - Volatility Comparison
First Trust Bloomberg Emerging Market Democracies ETF (EMDM) has a higher volatility of 13.23% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 4.23%. This indicates that EMDM'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
| EMDM | NFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.23% | 4.23% | +9.00% |
Volatility (6M)Calculated over the trailing 6-month period | 23.83% | 12.75% | +11.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.11% | 14.75% | +11.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 17.41% | +3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.67% | 20.72% | -0.05% |
EMDM vs. NFTY - Expense Ratio Comparison
EMDM has a 0.75% expense ratio, which is lower than NFTY's 0.80% expense ratio.
Dividends
EMDM vs. NFTY - Dividend Comparison
EMDM's dividend yield for the trailing twelve months is around 2.63%, more than NFTY's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 2.63% | 3.57% | 5.87% | 2.16% | 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 | 1.91% | 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
EMDM and NFTY have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMDM has higher volatility (13.23%) compared to NFTY (4.23%). In terms of maximum drawdown, EMDM dropped -18.81% vs NFTY's -47.67%.
On 3-year performance, EMDM leads with 30.82% vs 6.30% for NFTY. On fees, EMDM is cheaper at 0.75% per year. On volatility, NFTY has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EMDM has performed better with a 30.82% return vs 6.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMDM is cheaper with a 0.75% expense ratio, compared with 0.80% for NFTY.
EMDM has the higher dividend yield at 2.63%, compared with 1.91% for NFTY.
EMDM is categorized as Emerging Markets Diversified, while NFTY is Asia Pacific Equities. EMDM tracks Bloomberg Emerging Market Democracies Index - Benchmark TR Net, while NFTY tracks NIFTY 50 Equal Weight Index. Their fees differ too: 0.75% for EMDM and 0.80% for NFTY.
EMDM currently has the higher Sharpe Ratio (3.15 vs -0.45), 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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