FPEI vs. NFTY
FPEI (First Trust Institutional Preferred Securities & Income ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - FPEI 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. FPEI is actively managed, while NFTY is passively managed. Over the past 5 years, FPEI returned 4.17%/yr vs 5.79%/yr for NFTY. At a 0.28 correlation, their price movements are largely independent. FPEI charges 0.85%/yr vs 0.80%/yr for NFTY.
Performance
FPEI vs. NFTY - Performance Comparison
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Returns By Period
In the year-to-date period, FPEI achieves a 1.95% return, which is significantly higher than NFTY's -7.30% return.
FPEI
- 1D
- 0.03%
- 1M
- 0.81%
- YTD
- 1.95%
- 6M
- 2.11%
- 1Y
- 7.87%
- 3Y*
- 11.03%
- 5Y*
- 4.17%
- 10Y*
- —
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%
FPEI vs. NFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPEI First Trust Institutional Preferred Securities & Income ETF | 1.95% | 9.82% | 10.94% | 6.29% | -8.19% | 4.63% | 7.08% | 15.86% | -4.29% | 2.07% |
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% | 0.55% |
Correlation
The correlation between FPEI and NFTY is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2017 | 0.28 |
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Return for Risk
FPEI vs. NFTY — Risk / Return Rank
FPEI
NFTY
FPEI vs. NFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Institutional Preferred Securities & Income ETF (FPEI) 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.
| FPEI | NFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.57 | ||
| Sortino ratioReturn per unit of downside risk | +3.97 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.94 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | -0.41 | +2.59 |
| Martin ratioReturn relative to average drawdown | 10.82 | -1.01 | +11.82 |
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Drawdowns
FPEI vs. NFTY - Drawdown Comparison
The maximum FPEI drawdown since its inception was -27.51%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for FPEI and NFTY.
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Drawdown Indicators
| FPEI | NFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.51% | -47.67% | +20.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -16.14% | +12.51% |
Max Drawdown (3Y)Largest decline over 3 years | -4.26% | -21.55% | +17.29% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -21.55% | +5.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.67% | — |
Current DrawdownCurrent decline from peak | -0.08% | -15.26% | +15.18% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -9.60% | +6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 6.56% | -5.83% |
Volatility
FPEI vs. NFTY - Volatility Comparison
The current volatility for First Trust Institutional Preferred Securities & Income ETF (FPEI) is 0.82%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 4.23%. This indicates that FPEI 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
| FPEI | NFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 4.23% | -3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 12.75% | -9.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 14.75% | -11.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 17.41% | -11.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 20.72% | -11.89% |
FPEI vs. NFTY - Expense Ratio Comparison
FPEI has a 0.85% expense ratio, which is higher than NFTY's 0.80% expense ratio.
Dividends
FPEI vs. NFTY - Dividend Comparison
FPEI's dividend yield for the trailing twelve months is around 5.70%, more than NFTY's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPEI First Trust Institutional Preferred Securities & Income ETF | 5.70% | 5.62% | 5.55% | 5.76% | 5.20% | 4.46% | 4.90% | 5.02% | 5.81% | 1.50% | 0.00% | 0.00% |
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
FPEI and NFTY have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFTY has higher volatility (4.23%) compared to FPEI (0.82%). In terms of maximum drawdown, FPEI dropped -27.51% vs NFTY's -47.67%.
On 5-year performance, NFTY leads with 5.79% vs 4.17% for FPEI. On fees, NFTY is cheaper at 0.80% per year. On volatility, FPEI has been the lower-risk option at 0.82%. 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 5.79% return vs 4.17%. 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 0.85% for FPEI.
FPEI has the higher dividend yield at 5.70%, compared with 1.91% for NFTY.
FPEI is categorized as Preferred Stock/Convertible Bonds, while NFTY is Asia Pacific Equities. Their fees differ too: 0.85% for FPEI and 0.80% for NFTY.
FPEI currently has the higher Sharpe Ratio (2.12 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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