FBDC vs. INDF

Last updated Apr 2, 2026

Compare and contrast key facts about FT Confluence BDC & Specialty Finance Income ETF (FBDC) and Nifty India Financials ETF (INDF).

FBDC and INDF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBDC is an actively managed fund by First Trust. It was launched on Jun 30, 2025. INDF is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Nifty Financial Services 25/50 Index. It was launched on Oct 20, 2020.

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.

FBDC vs. INDF - Yearly Performance Comparison

	2026 (YTD)	2025
FBDC FT Confluence BDC & Specialty Finance Income ETF	-11.13%	-2.43%
INDF Nifty India Financials ETF	0.00%	-5.78%

Returns By Period

FBDC

• 1D: -1.40%
• 1M: -0.93%
• YTD: -11.13%
• 6M: -9.15%
• 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 - Expense Ratio Comparison

FBDC has a 13.69% expense ratio, which is higher than INDF's 0.75% expense ratio.

FBDC

FT Confluence BDC & Specialty Finance Income ETF

INDF

Nifty India Financials ETF

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.

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

Sharpe Ratios by Period

	FBDC	INDF	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	—	—

Correlation

The correlation between FBDC and INDF is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

FBDC vs. INDF - Dividend Comparison

FBDC's dividend yield for the trailing twelve months is around 9.41%, less than INDF's 21.29% yield.

	TTM	2025	2024	2023	2022	2021
FBDC FT Confluence BDC & Specialty Finance Income ETF	9.41%	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%

Drawdowns

Drawdown Indicators

	FBDC	INDF	Difference
Max Drawdown Largest peak-to-trough decline	-20.60%	—	—
Current Drawdown Current decline from peak	-18.72%	—	—
Average Drawdown Average peak-to-trough decline	-9.16%	—	—

Volatility

Volatility by Period

	FBDC	INDF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.38%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.38%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.38%	—	—