FIXD vs. NFTY
FIXD (First Trust Smith Opportunistic Fixed Income ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - FIXD is a Intermediate Core-Plus Bond fund actively managed by First Trust, while NFTY is a India Equities fund tracking the NIFTY 50 Equal Weight Index. FIXD is actively managed, while NFTY is passively managed. Over the past 5 years, FIXD returned -0.60%/yr vs 5.57%/yr for NFTY. At a 0.06 correlation, their price movements are largely independent. FIXD charges 0.65%/yr vs 0.80%/yr for NFTY.
Performance
FIXD vs. NFTY - Performance Comparison
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Returns By Period
In the year-to-date period, FIXD achieves a -0.03% return, which is significantly higher than NFTY's -8.35% return.
FIXD
- 1D
- -0.11%
- 1M
- -0.62%
- 6M
- -0.40%
- YTD
- -0.03%
- 1Y
- 4.49%
- 3Y*
- 3.81%
- 5Y*
- -0.60%
- 10Y*
- —
NFTY
- 1D
- -0.21%
- 1M
- -1.78%
- 6M
- -7.54%
- YTD
- -8.35%
- 1Y
- -9.06%
- 3Y*
- 4.29%
- 5Y*
- 5.57%
- 10Y*
- 7.23%
FIXD vs. NFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIXD First Trust Smith Opportunistic Fixed Income ETF | -0.03% | 7.95% | 0.75% | 5.72% | -15.00% | -1.07% | 8.99% | 10.56% | -0.00% | 3.40% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | -8.35% | 5.47% | 5.18% | 24.00% | -3.46% | 26.83% | 10.04% | 0.58% | -1.51% | 10.19% |
Correlation
The correlation between FIXD and NFTY is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2017 | 0.06 |
Over the past year, FIXD and NFTY have become more correlated (0.34) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
FIXD vs. NFTY — Risk / Return Rank
FIXD
NFTY
FIXD vs. NFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Smith Opportunistic Fixed Income ETF (FIXD) 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.
| FIXD | NFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.91 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | -0.56 | +1.97 |
| Martin ratioReturn relative to average drawdown | 3.85 | -1.34 | +5.19 |
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Drawdowns
FIXD vs. NFTY - Drawdown Comparison
The maximum FIXD drawdown since its inception was -20.44%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for FIXD and NFTY.
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Drawdown Indicators
| FIXD | NFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.44% | -47.67% | +27.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -16.14% | +12.93% |
Max Drawdown (3Y)Largest decline over 3 years | -6.97% | -21.55% | +14.58% |
Max Drawdown (5Y)Largest decline over 5 years | -20.44% | -21.55% | +1.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.67% | — |
Current DrawdownCurrent decline from peak | -3.74% | -16.22% | +12.48% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -9.63% | +4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 6.82% | -5.65% |
Volatility
FIXD vs. NFTY - Volatility Comparison
The current volatility for First Trust Smith Opportunistic Fixed Income ETF (FIXD) is 1.25%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 3.01%. This indicates that FIXD 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.
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Volatility by Period
| FIXD | NFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 3.01% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 12.58% | -9.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 14.72% | -10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.60% | 17.40% | -10.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.82% | 20.64% | -14.82% |
FIXD vs. NFTY - Expense Ratio Comparison
FIXD has a 0.65% expense ratio, which is lower than NFTY's 0.80% expense ratio.
Dividends
FIXD vs. NFTY - Dividend Comparison
FIXD's dividend yield for the trailing twelve months is around 4.74%, more than NFTY's 1.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIXD First Trust Smith Opportunistic Fixed Income ETF | 4.74% | 4.50% | 4.56% | 3.93% | 3.07% | 1.74% | 3.14% | 5.10% | 2.81% | 1.95% | 0.00% | 0.00% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.93% | 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
FIXD and NFTY have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFTY has higher volatility (3.01%) compared to FIXD (1.25%). In terms of maximum drawdown, FIXD dropped -20.44% vs NFTY's -47.67%.
On 5-year performance, NFTY leads with 5.57% vs -0.60% for FIXD. On fees, FIXD is cheaper at 0.65% per year. On volatility, FIXD has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NFTY has performed better with a 5.57% return vs -0.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FIXD is cheaper with a 0.65% expense ratio, compared with 0.80% for NFTY.
FIXD has the higher dividend yield at 4.74%, compared with 1.93% for NFTY.
FIXD is categorized as Intermediate Core-Plus Bond, while NFTY is India Equities. Their fees differ too: 0.65% for FIXD and 0.80% for NFTY.
FIXD currently has the higher Sharpe Ratio (1.09 vs -0.62), 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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