EPI vs. NFTY

Last updated Aug 2, 2026

EPI (WisdomTree India Earnings Fund) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both India Equities funds - EPI tracks the WisdomTree India Earnings Index while NFTY tracks the NIFTY 50 Equal Weight Index. Both are passively managed. Over the past 10 years, EPI returned 8.68%/yr vs 7.50%/yr for NFTY. Their 0.55 correlation means they have sometimes moved together and sometimes differently. EPI charges 0.84%/yr vs 0.80%/yr for NFTY.

Performance

EPI vs. NFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree India Earnings Fund (EPI) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPI achieves a -7.13% return, which is significantly lower than NFTY's -5.91% return. Over the past 10 years, EPI has outperformed NFTY with an annualized return of 8.68%, while NFTY has yielded a comparatively lower 7.50% annualized return.

EPI

• 1D: 0.07%
• 1M: 0.16%
• 6M: -4.00%
• YTD: -7.13%
• 1Y: -3.95%
• 3Y*: 5.78%
• 5Y*: 6.02%
• 10Y*: 8.68%
• ALL TIME*: 3.91%

NFTY

• 1D: -0.10%
• 1M: 0.86%
• 6M: -2.37%
• YTD: -5.91%
• 1Y: -2.47%
• 3Y*: 5.47%
• 5Y*: 5.91%
• 10Y*: 7.50%
• ALL TIME*: 6.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EPI WisdomTree India Earnings Fund	$17.75M	$16.45M	$21.29M
NFTY First Trust India NIFTY 50 Equal Weight ETF	$2.39M	$1.68M	$1.69M

EPI vs. NFTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPI WisdomTree India Earnings Fund	-7.13%	2.25%	10.70%	26.03%	-4.74%	26.41%	18.55%	1.53%	-9.88%	39.14%
NFTY First Trust India NIFTY 50 Equal Weight ETF	-5.91%	5.47%	5.18%	24.00%	-3.46%	26.83%	10.04%	0.58%	-1.51%	21.78%

Correlation

The correlation between EPI and NFTY is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (10Y) Provides a long-term view across more market conditions.	0.69
Correlation (All Time) Calculated using the full available price history since Feb 28, 2012	0.55

Over the past year, EPI and NFTY have become more correlated (0.93) than their long-term average of 0.55, meaning their price movements have been converging.

EPI vs. NFTY - Sectors Allocation Comparison

Sectors	EPI	NFTY
Financial Services	24.3%	22.0%
Energy	15.6%	7.9%
Basic Materials	14.3%	11.9%
Industrials	10.1%	8.1%
Utilities	8.0%	4.0%
Consumer Cyclical	7.7%	16.2%
Technology	7.5%	9.7%
Healthcare	6.1%	10.2%
Consumer Defensive	3.4%	8.0%
Communication Services	2.0%	2.0%
Real Estate	0.9%	-

Return for Risk

EPI vs. NFTY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EPI

EPI Risk / Return Rank: 7
EPI Sharpe Ratio Rank: 7
EPI Sortino Ratio Rank: 7
EPI Omega Ratio Rank: 7
EPI Calmar Ratio Rank: 8
EPI Martin Ratio Rank: 7

NFTY

NFTY Risk / Return Rank: 8
NFTY Sharpe Ratio Rank: 9
NFTY Sortino Ratio Rank: 8
NFTY Omega Ratio Rank: 8
NFTY Calmar Ratio Rank: 9
NFTY Martin Ratio Rank: 9

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EPI vs. NFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Earnings Fund (EPI) 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.

	EPI	NFTY	Difference
Sharpe ratio: Return per unit of total volatility	-0.26	-0.15	-0.11
Sortino ratio: Return per unit of downside risk	-0.27	-0.11	-0.15
Omega ratio: Gain probability vs. loss probability	0.97	0.99	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.25	-0.14	-0.12
Martin ratio: Return relative to average drawdown	-0.59	-0.31	-0.28

EPI vs. NFTY - Sharpe Ratio Comparison

The current EPI Sharpe Ratio is -0.26, which is lower than the NFTY Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of EPI and NFTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EPI vs. NFTY - Drawdown Comparison

The maximum EPI drawdown since its inception was -66.21%, which is greater than NFTY's maximum drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for EPI and NFTY.

Drawdown Indicators

	EPI	NFTY	Difference
Max Drawdown Largest peak-to-trough decline	-66.21%	-47.67%	-18.54%
Max Drawdown (1Y) Largest decline over 1 year	-15.69%	-16.14%	+0.45%
Max Drawdown (3Y) Largest decline over 3 years	-21.89%	-21.55%	-0.34%
Max Drawdown (5Y) Largest decline over 5 years	-21.89%	-21.55%	-0.34%
Max Drawdown (10Y) Largest decline over 10 years	-50.29%	-47.67%	-2.62%
Current Drawdown Current decline from peak	-15.19%	-13.99%	-1.20%
Average Drawdown Average peak-to-trough decline	-18.63%	-9.65%	-8.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.67%	6.98%	-0.31%

Volatility

EPI vs. NFTY - Volatility Comparison

WisdomTree India Earnings Fund (EPI) and First Trust India NIFTY 50 Equal Weight ETF (NFTY) have volatilities of 3.62% and 3.54%, 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.

Volatility by Period

	EPI	NFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.62%	3.54%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	13.01%	12.71%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	15.28%	14.82%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.29%	17.42%	-1.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.27%	20.64%	-0.37%

EPI vs. NFTY - Expense Ratio Comparison

EPI has a 0.84% expense ratio, which is higher than NFTY's 0.80% expense ratio.

Dividends

EPI vs. NFTY - Dividend Comparison

EPI has not paid dividends to shareholders, while NFTY's dividend yield for the trailing twelve months is around 1.88%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPI WisdomTree India Earnings Fund	0.00%	0.00%	0.27%	0.15%	6.01%	1.18%	0.78%	1.17%	1.18%	0.85%	1.05%	1.20%
NFTY First Trust India NIFTY 50 Equal Weight ETF	1.88%	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 EPI and NFTY in my portfolio?

With a correlation of 0.93, EPI and NFTY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EPI or NFTY?

EPI has higher volatility (3.62%) compared to NFTY (3.54%). In terms of maximum drawdown, EPI dropped -66.21% vs NFTY's -47.67%.

Which ETF is better, EPI or NFTY?

On 10-year performance, EPI leads with 8.68% vs 7.50% for NFTY. On fees, NFTY is cheaper at 0.80% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPI or NFTY?

Over the 10-year period, EPI has performed better with a 8.68% return vs 7.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPI or NFTY?

NFTY is cheaper with a 0.80% expense ratio, compared with 0.84% for EPI.

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

NFTY has the higher dividend yield at 1.88%, compared with 0.00% for EPI.

What is the main difference between EPI and NFTY?

EPI tracks WisdomTree India Earnings Index, while NFTY tracks NIFTY 50 Equal Weight Index. They also come from different issuers: WisdomTree and First Trust. Their fees differ too: 0.84% for EPI and 0.80% for NFTY.

Which has better risk-adjusted returns?

NFTY currently has the higher Sharpe Ratio (-0.15 vs -0.26), 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.