FCVT vs. NFTY
FCVT (First Trust SSI Strategic Convertible Securities ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - FCVT is a Preferred Stock/Convertible Bonds fund actively managed by First Trust, while NFTY is a India Equities fund tracking the NIFTY 50 Equal Weight Index. FCVT is actively managed, while NFTY is passively managed. Over the past 10 years, FCVT returned 11.48%/yr vs 7.60%/yr for NFTY. At a 0.28 correlation, their price movements are largely independent. FCVT charges 0.95%/yr vs 0.80%/yr for NFTY.
Performance
FCVT vs. NFTY - Performance Comparison
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Returns By Period
In the year-to-date period, FCVT achieves a 18.52% return, which is significantly higher than NFTY's -7.65% return. Over the past 10 years, FCVT has outperformed NFTY with an annualized return of 11.48%, while NFTY has yielded a comparatively lower 7.60% annualized return.
FCVT
- 1D
- -1.90%
- 1M
- -3.89%
- 6M
- 12.76%
- YTD
- 18.52%
- 1Y
- 30.82%
- 3Y*
- 17.33%
- 5Y*
- 6.23%
- 10Y*
- 11.48%
NFTY
- 1D
- -0.54%
- 1M
- 1.23%
- 6M
- -7.33%
- YTD
- -7.65%
- 1Y
- -7.96%
- 3Y*
- 4.78%
- 5Y*
- 5.61%
- 10Y*
- 7.60%
FCVT vs. NFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCVT First Trust SSI Strategic Convertible Securities ETF | 18.52% | 19.60% | 11.92% | 7.12% | -20.88% | 4.23% | 51.02% | 22.30% | -2.28% | 12.66% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | -7.65% | 5.47% | 5.18% | 24.00% | -3.46% | 26.83% | 10.04% | 0.58% | -1.51% | 21.78% |
Correlation
The correlation between FCVT and NFTY is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2015 | 0.28 |
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Return for Risk
FCVT vs. NFTY — Risk / Return Rank
FCVT
NFTY
FCVT vs. NFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust SSI Strategic Convertible Securities ETF (FCVT) 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.
| FCVT | NFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.92 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | -0.50 | +4.15 |
| Martin ratioReturn relative to average drawdown | 11.74 | -1.18 | +12.92 |
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Drawdowns
FCVT vs. NFTY - Drawdown Comparison
The maximum FCVT drawdown since its inception was -31.79%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for FCVT and NFTY.
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Drawdown Indicators
| FCVT | NFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.79% | -47.67% | +15.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -16.14% | +7.67% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | -21.55% | +6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -30.43% | -21.55% | -8.88% |
Max Drawdown (10Y)Largest decline over 10 years | -31.79% | -47.67% | +15.88% |
Current DrawdownCurrent decline from peak | -7.16% | -15.58% | +8.42% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -9.62% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 6.73% | -4.10% |
Volatility
FCVT vs. NFTY - Volatility Comparison
First Trust SSI Strategic Convertible Securities ETF (FCVT) has a higher volatility of 7.14% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 3.74%. This indicates that FCVT'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
| FCVT | NFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 3.74% | +3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 12.64% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.91% | 14.74% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 17.41% | -2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.86% | 20.65% | -5.79% |
FCVT vs. NFTY - Expense Ratio Comparison
FCVT has a 0.95% expense ratio, which is higher than NFTY's 0.80% expense ratio.
Dividends
FCVT vs. NFTY - Dividend Comparison
FCVT's dividend yield for the trailing twelve months is around 1.16%, less than NFTY's 1.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVT First Trust SSI Strategic Convertible Securities ETF | 1.16% | 1.98% | 1.30% | 1.76% | 3.71% | 23.07% | 1.72% | 1.60% | 1.85% | 2.18% | 1.88% | 0.59% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.92% | 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
FCVT and NFTY have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCVT has higher volatility (7.14%) compared to NFTY (3.74%). In terms of maximum drawdown, FCVT dropped -31.79% vs NFTY's -47.67%.
On 10-year performance, FCVT leads with 11.48% vs 7.60% for NFTY. On fees, NFTY is cheaper at 0.80% per year. On volatility, NFTY has been the lower-risk option at 3.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FCVT has performed better with a 11.48% return vs 7.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NFTY is cheaper with a 0.80% expense ratio, compared with 0.95% for FCVT.
NFTY has the higher dividend yield at 1.92%, compared with 1.16% for FCVT.
FCVT is categorized as Preferred Stock/Convertible Bonds, while NFTY is India Equities. Their fees differ too: 0.95% for FCVT and 0.80% for NFTY.
FCVT currently has the higher Sharpe Ratio (1.73 vs -0.54), 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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