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 Asia Pacific 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 -0.25%/yr vs 5.83%/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 0.84% return, which is significantly higher than NFTY's -6.80% return.
FIXD
- 1D
- 0.00%
- 1M
- 0.88%
- YTD
- 0.84%
- 6M
- 0.64%
- 1Y
- 4.72%
- 3Y*
- 4.06%
- 5Y*
- -0.25%
- 10Y*
- —
NFTY
- 1D
- -0.41%
- 1M
- 1.28%
- YTD
- -6.80%
- 6M
- -6.38%
- 1Y
- -7.03%
- 3Y*
- 6.25%
- 5Y*
- 5.83%
- 10Y*
- 8.70%
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 | 0.84% | 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 | -6.80% | 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 | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
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 | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.93 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | -0.44 | +1.92 |
| Martin ratioReturn relative to average drawdown | 4.19 | -1.07 | +5.26 |
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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 | -2.90% | -14.80% | +11.90% |
Average DrawdownAverage peak-to-trough decline | -5.48% | -9.61% | +4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 6.60% | -5.47% |
Volatility
FIXD vs. NFTY - Volatility Comparison
The current volatility for First Trust Smith Opportunistic Fixed Income ETF (FIXD) is 1.23%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 4.34%. 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 | 1.23% | 4.34% | -3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 12.64% | -9.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 14.75% | -10.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.60% | 17.41% | -10.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 20.71% | -14.88% |
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 5.06%, more than NFTY's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIXD First Trust Smith Opportunistic Fixed Income ETF | 5.06% | 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 | 1.90% | 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 (4.34%) compared to FIXD (1.23%). In terms of maximum drawdown, FIXD dropped -20.44% vs NFTY's -47.67%.
On 5-year performance, NFTY leads with 5.83% vs -0.25% for FIXD. On fees, FIXD is cheaper at 0.65% per year. On volatility, FIXD has been the lower-risk option at 1.23%. 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 5.83% return vs -0.25%. 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 5.06%, compared with 1.90% for NFTY.
FIXD is categorized as Intermediate Core-Plus Bond, while NFTY is Asia Pacific Equities. Their fees differ too: 0.65% for FIXD and 0.80% for NFTY.
FIXD currently has the higher Sharpe Ratio (1.14 vs -0.48), 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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