FJP vs. NFTY
Compare and contrast key facts about First Trust Japan AlphaDEX Fund (FJP) and First Trust India NIFTY 50 Equal Weight ETF (NFTY).
FJP and NFTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FJP is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Japan Index. It was launched on Apr 18, 2011. NFTY is a passively managed fund by First Trust that tracks the performance of the NIFTY 50 Equal Weight Index. It was launched on Feb 14, 2012. Both FJP and NFTY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FJP vs. NFTY - Performance Comparison
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FJP vs. NFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FJP First Trust Japan AlphaDEX Fund | 11.49% | 33.60% | 5.80% | 23.00% | -12.83% | -1.13% | 3.60% | 7.72% | -18.60% | 27.63% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | -11.54% | 5.47% | 5.18% | 24.00% | -3.46% | 26.83% | 10.04% | 0.58% | -1.51% | 21.78% |
Returns By Period
In the year-to-date period, FJP achieves a 11.49% return, which is significantly higher than NFTY's -11.54% return. Both investments have delivered pretty close results over the past 10 years, with FJP having a 7.83% annualized return and NFTY not far behind at 7.60%.
FJP
- 1D
- 3.00%
- 1M
- -7.04%
- YTD
- 11.49%
- 6M
- 17.65%
- 1Y
- 41.85%
- 3Y*
- 21.92%
- 5Y*
- 9.87%
- 10Y*
- 7.83%
NFTY
- 1D
- -0.40%
- 1M
- -8.21%
- YTD
- -11.54%
- 6M
- -8.94%
- 1Y
- -5.66%
- 3Y*
- 8.12%
- 5Y*
- 5.79%
- 10Y*
- 7.60%
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FJP vs. NFTY - Expense Ratio Comparison
Both FJP and NFTY have an expense ratio of 0.80%.
Return for Risk
FJP vs. NFTY — Risk / Return Rank
FJP
NFTY
FJP vs. NFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Japan AlphaDEX Fund (FJP) 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.
| FJP | NFTY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.88 | -0.36 | +2.24 |
Sortino ratioReturn per unit of downside risk | 2.45 | -0.43 | +2.88 |
Omega ratioGain probability vs. loss probability | 1.34 | 0.95 | +0.39 |
Calmar ratioReturn relative to maximum drawdown | 2.80 | -0.39 | +3.19 |
Martin ratioReturn relative to average drawdown | 10.48 | -1.37 | +11.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FJP | NFTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | -0.36 | +2.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.33 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.37 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.27 | +0.05 |
Correlation
The correlation between FJP and NFTY is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FJP vs. NFTY - Dividend Comparison
FJP's dividend yield for the trailing twelve months is around 2.56%, more than NFTY's 2.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJP First Trust Japan AlphaDEX Fund | 2.56% | 2.68% | 3.18% | 3.49% | 2.21% | 2.43% | 0.99% | 2.80% | 1.54% | 1.29% | 1.46% | 0.85% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 2.00% | 1.24% | 1.61% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.39% |
Drawdowns
FJP vs. NFTY - Drawdown Comparison
The maximum FJP drawdown since its inception was -41.51%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for FJP and NFTY.
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Drawdown Indicators
| FJP | NFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.51% | -47.67% | +6.16% |
Max Drawdown (1Y)Largest decline over 1 year | -14.43% | -16.14% | +1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -31.88% | -21.55% | -10.33% |
Max Drawdown (10Y)Largest decline over 10 years | -41.51% | -47.67% | +6.16% |
Current DrawdownCurrent decline from peak | -8.63% | -19.14% | +10.51% |
Average DrawdownAverage peak-to-trough decline | -11.51% | -9.51% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 4.59% | -0.73% |
Volatility
FJP vs. NFTY - Volatility Comparison
First Trust Japan AlphaDEX Fund (FJP) has a higher volatility of 8.60% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 7.42%. This indicates that FJP'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
| FJP | NFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.60% | 7.42% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 11.42% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 15.79% | +6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.03% | 17.53% | +2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.77% | 20.72% | -1.95% |