FHDG vs. NFTY

Last updated Jun 23, 2026

FHDG (FT Vest U.S. Equity Quarterly Dynamic Buffer ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - FHDG is a Defined Outcome fund actively managed by First Trust, while NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index. FHDG is actively managed, while NFTY is passively managed. Over the past year, FHDG returned 15.57% vs -4.69% for NFTY. At a 0.39 correlation, their price movements are largely independent. FHDG charges 0.85%/yr vs 0.80%/yr for NFTY.

Performance

FHDG vs. NFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Quarterly Dynamic Buffer ETF (FHDG) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHDG achieves a 6.58% return, which is significantly higher than NFTY's -6.07% return.

FHDG

• 1D: -0.22%
• 1M: 0.54%
• YTD: 6.58%
• 6M: 6.54%
• 1Y: 15.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NFTY

• 1D: 0.94%
• 1M: 2.35%
• YTD: -6.07%
• 6M: -6.17%
• 1Y: -4.69%
• 3Y*: 6.77%
• 5Y*: 6.14%
• 10Y*: 8.50%

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

FHDG vs. NFTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FHDG FT Vest U.S. Equity Quarterly Dynamic Buffer ETF	6.58%	10.56%	0.61%
NFTY First Trust India NIFTY 50 Equal Weight ETF	-6.07%	5.47%	-2.05%

Correlation

The correlation between FHDG and NFTY is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024	0.39

Return for Risk

FHDG vs. NFTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FHDG

FHDG Risk / Return Rank: 88
FHDG Sharpe Ratio Rank: 88
FHDG Sortino Ratio Rank: 90
FHDG Omega Ratio Rank: 92
FHDG Calmar Ratio Rank: 78
FHDG Martin Ratio Rank: 91

NFTY

NFTY Risk / Return Rank: 6
NFTY Sharpe Ratio Rank: 6
NFTY Sortino Ratio Rank: 5
NFTY Omega Ratio Rank: 5
NFTY Calmar Ratio Rank: 6
NFTY Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FHDG vs. NFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Quarterly Dynamic Buffer ETF (FHDG) 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.

	FHDG	NFTY	Difference
Sharpe ratio: Return per unit of total volatility	2.78	-0.32	+3.10
Sortino ratio: Return per unit of downside risk	4.01	-0.38	+4.39
Omega ratio: Gain probability vs. loss probability	1.60	0.96	+0.64
Calmar ratio: Return relative to maximum drawdown	3.94	-0.29	+4.24
Martin ratio: Return relative to average drawdown	21.01	-0.72	+21.73

FHDG vs. NFTY - Sharpe Ratio Comparison

The current FHDG Sharpe Ratio is 2.78, which is higher than the NFTY Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of FHDG and NFTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FHDG vs. NFTY - Drawdown Comparison

The maximum FHDG drawdown since its inception was -14.01%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for FHDG and NFTY.

Drawdown Indicators

	FHDG	NFTY	Difference
Max Drawdown Largest peak-to-trough decline	-14.01%	-47.67%	+33.66%
Max Drawdown (1Y) Largest decline over 1 year	-3.96%	-16.14%	+12.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.67%	—
Current Drawdown Current decline from peak	-0.37%	-14.13%	+13.76%
Average Drawdown Average peak-to-trough decline	-1.11%	-9.60%	+8.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	6.53%	-5.79%

Volatility

FHDG vs. NFTY - Volatility Comparison

The current volatility for FT Vest U.S. Equity Quarterly Dynamic Buffer ETF (FHDG) is 2.05%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 3.99%. This indicates that FHDG experiences smaller price fluctuations and is considered to be less risky than NFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHDG	NFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	3.99%	-1.94%
Volatility (6M) Calculated over the trailing 6-month period	4.74%	12.70%	-7.96%
Volatility (1Y) Calculated over the trailing 1-year period	5.63%	14.73%	-9.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.63%	17.40%	-5.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.63%	20.71%	-9.08%

FHDG vs. NFTY - Expense Ratio Comparison

FHDG has a 0.85% expense ratio, which is higher than NFTY's 0.80% expense ratio.

Dividends

FHDG vs. NFTY - Dividend Comparison

FHDG has not paid dividends to shareholders, while NFTY's dividend yield for the trailing twelve months is around 1.88%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHDG FT Vest U.S. Equity Quarterly Dynamic Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NFTY First Trust India NIFTY 50 Equal Weight ETF	1.88%	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

Can I hold both FHDG and NFTY in my portfolio?

FHDG and NFTY have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHDG or NFTY?

NFTY has higher volatility (3.99%) compared to FHDG (2.05%). In terms of maximum drawdown, FHDG dropped -14.01% vs NFTY's -47.67%.

Which ETF is better, FHDG or NFTY?

On 1-year performance, FHDG leads with 15.57% vs -4.69% for NFTY. On fees, NFTY is cheaper at 0.80% per year. On volatility, FHDG has been the lower-risk option at 2.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FHDG or NFTY?

Over the 1-year period, FHDG has performed better with a 15.57% return vs -4.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FHDG or NFTY?

NFTY is cheaper with a 0.80% expense ratio, compared with 0.85% for FHDG.

Which ETF pays a higher dividend yield, FHDG or NFTY?

NFTY has the higher dividend yield at 1.88%, compared with 0.00% for FHDG.

What is the main difference between FHDG and NFTY?

FHDG is categorized as Defined Outcome, while NFTY is Asia Pacific Equities. Their fees differ too: 0.85% for FHDG and 0.80% for NFTY.

Which has better risk-adjusted returns?

FHDG currently has the higher Sharpe Ratio (2.78 vs -0.32), 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.