FBDC vs. INDF
FBDC (FT Confluence BDC & Specialty Finance Income ETF) and INDF (Nifty India Financials ETF) are both Financials Equities funds. FBDC is actively managed, while INDF is passively managed. At a correlation of -0.00, they often move in opposite directions. FBDC charges 1.35%/yr vs 0.75%/yr for INDF.
Performance
FBDC vs. INDF - Performance Comparison
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Returns By Period
FBDC
- 1D
- 1.74%
- 1M
- 4.48%
- 6M
- -6.58%
- YTD
- -4.10%
- 1Y
- -11.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INDF
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBDC vs. INDF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | -4.10% | -2.66% |
INDF Nifty India Financials ETF | 0.00% | -5.87% |
Correlation
The correlation between FBDC and INDF is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | -0.00 |
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Return for Risk
FBDC vs. INDF — Risk / Return Rank
FBDC
INDF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FBDC vs. INDF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Confluence BDC & Specialty Finance Income ETF (FBDC) and Nifty India Financials ETF (INDF). 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.
| FBDC | INDF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.91 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | — | — |
| Martin ratioReturn relative to average drawdown | -0.93 | — | — |
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Drawdowns
FBDC vs. INDF - Drawdown Comparison
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Drawdown Indicators
| FBDC | INDF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.60% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -20.60% | — | — |
Current DrawdownCurrent decline from peak | -12.29% | — | — |
Average DrawdownAverage peak-to-trough decline | -10.74% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.23% | — | — |
Volatility
FBDC vs. INDF - Volatility Comparison
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Volatility by Period
| FBDC | INDF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.59% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.06% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | — | — |
FBDC vs. INDF - Expense Ratio Comparison
FBDC has a 1.35% expense ratio, which is higher than INDF's 0.75% expense ratio.
Dividends
FBDC vs. INDF - Dividend Comparison
FBDC's dividend yield for the trailing twelve months is around 11.99%, while INDF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | 11.99% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% |
INDF Nifty India Financials ETF | 21.29% | 21.29% | 6.15% | 8.84% | 3.12% | 1.58% |
Frequently Asked Questions
FBDC and INDF have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, INDF is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
INDF is cheaper with a 0.75% expense ratio, compared with 1.35% for FBDC.
INDF has the higher dividend yield at 21.29%, compared with 11.99% for FBDC.
They also come from different issuers: First Trust and Exchange Traded Concepts. Their fees differ too: 1.35% for FBDC and 0.75% for INDF.
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