FBDC vs. INDF

Last updated Jun 24, 2026

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 -0.01, they often move in opposite directions. FBDC charges 1.35%/yr vs 0.75%/yr for INDF.

Performance

FBDC vs. INDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Confluence BDC & Specialty Finance Income ETF (FBDC) and Nifty India Financials ETF (INDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FBDC

• 1D: 0.30%
• 1M: -1.24%
• YTD: -10.39%
• 6M: -8.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

INDF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FBDC vs. INDF - Yearly Performance Comparison

	2026 (YTD)	2025
FBDC FT Confluence BDC & Specialty Finance Income ETF	-10.39%	-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 (All Time) Calculated using the full available price history since Jun 30, 2025	-0.01

Return for Risk

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.

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

Drawdowns

Drawdown Indicators

	FBDC	INDF	Difference
Max Drawdown Largest peak-to-trough decline	-20.60%	—	—
Current Drawdown Current decline from peak	-18.04%	—	—
Average Drawdown Average peak-to-trough decline	-10.44%	—	—

Volatility

Volatility by Period

	FBDC	INDF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.00%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.00%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.00%	—	—

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 11.63%, while INDF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FBDC FT Confluence BDC & Specialty Finance Income ETF	11.63%	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

Can I hold both FBDC and INDF in my portfolio?

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.

Which ETF is better, FBDC or INDF?

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.

Which ETF is cheaper, FBDC or INDF?

INDF is cheaper with a 0.75% expense ratio, compared with 1.35% for FBDC.

Which ETF pays a higher dividend yield, FBDC or INDF?

INDF has the higher dividend yield at 21.29%, compared with 11.63% for FBDC.

What is the main difference between FBDC and INDF?

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.