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 Asia Pacific 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 12.06%/yr vs 8.36%/yr for NFTY. At a 0.29 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 24.74% return, which is significantly higher than NFTY's -7.30% return. Over the past 10 years, FCVT has outperformed NFTY with an annualized return of 12.06%, while NFTY has yielded a comparatively lower 8.36% annualized return.
FCVT
- 1D
- -2.29%
- 1M
- 2.99%
- YTD
- 24.74%
- 6M
- 22.65%
- 1Y
- 43.93%
- 3Y*
- 20.64%
- 5Y*
- 6.75%
- 10Y*
- 12.06%
NFTY
- 1D
- -1.31%
- 1M
- 1.01%
- YTD
- -7.30%
- 6M
- -7.62%
- 1Y
- -6.58%
- 3Y*
- 6.30%
- 5Y*
- 5.79%
- 10Y*
- 8.36%
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 | 24.74% | 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 | -7.30% | 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 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
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 | 0.29 |
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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 | +3.02 | ||
| Sortino ratioReturn per unit of downside risk | +3.80 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.94 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 5.21 | -0.41 | +5.62 |
| Martin ratioReturn relative to average drawdown | 18.41 | -1.01 | +19.41 |
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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 | -2.29% | -15.26% | +12.97% |
Average DrawdownAverage peak-to-trough decline | -10.32% | -9.60% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 6.56% | -4.17% |
Volatility
FCVT vs. NFTY - Volatility Comparison
First Trust SSI Strategic Convertible Securities ETF (FCVT) has a higher volatility of 7.27% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 4.23%. 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 | 7.27% | 4.23% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 14.25% | 12.75% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 14.75% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.37% | 17.41% | -3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.99% | 20.72% | -5.73% |
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 1.20%, less than NFTY's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVT First Trust SSI Strategic Convertible Securities ETF | 1.20% | 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 | 1.91% | 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 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCVT has higher volatility (7.27%) compared to NFTY (4.23%). In terms of maximum drawdown, FCVT dropped -31.79% vs NFTY's -47.67%.
On 10-year performance, FCVT leads with 12.06% vs 8.36% for NFTY. On fees, NFTY is cheaper at 0.80% per year. On volatility, NFTY has been the lower-risk option at 4.23%. 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 12.06% return vs 8.36%. 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 1.91%, compared with 1.20% for FCVT.
FCVT is categorized as Preferred Stock/Convertible Bonds, while NFTY is Asia Pacific Equities. Their fees differ too: 0.95% for FCVT and 0.80% for NFTY.
FCVT currently has the higher Sharpe Ratio (2.57 vs -0.45), 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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