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FRI vs. NFTY
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FRI vs. NFTY

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust S&P REIT Index Fund (FRI) and First Trust India NIFTY 50 Equal Weight ETF (NFTY).

FRI and NFTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FRI is a passively managed fund by First Trust that tracks the performance of the S&P United States REIT. It was launched on May 8, 2007. 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 FRI 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

FRI vs. NFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust S&P REIT Index Fund (FRI) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). The values are adjusted to include any dividend payments, if applicable.

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FRI vs. NFTY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FRI
First Trust S&P REIT Index Fund		4.55%2.80%7.84%13.33%-24.66%42.55%-7.90%23.67%-4.28%3.86%
NFTY
First Trust India NIFTY 50 Equal Weight ETF		-11.19%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, FRI achieves a 4.55% return, which is significantly higher than NFTY's -11.19% return. Over the past 10 years, FRI has underperformed NFTY with an annualized return of 4.97%, while NFTY has yielded a comparatively higher 7.64% annualized return.

FRI

1D
1.58%
1M
-5.55%
YTD
4.55%
6M
2.82%
1Y
6.47%
3Y*
8.59%
5Y*
5.00%
10Y*
4.97%

NFTY

1D
3.49%
1M
-9.46%
YTD
-11.19%
6M
-7.86%
1Y
-5.94%
3Y*
8.26%
5Y*
5.87%
10Y*
7.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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First Trust S&P REIT Index Fund

First Trust India NIFTY 50 Equal Weight ETF

Often compared with FRI:
FRI vs. IYRFRI vs. ^TNXFRI vs. RWRFRI vs. VNQFRI vs. VWUAXFRI vs. KBWYFRI vs. DLR
Often compared with NFTY:
NFTY vs. SPYNFTY vs. INDYNFTY vs. TCS.NSNFTY vs. FLINNFTY vs. EPINFTY vs. ^BSE500NFTY vs. QQQ

FRI vs. NFTY - Expense Ratio Comparison

FRI has a 0.50% expense ratio, which is lower than NFTY's 0.80% expense ratio.

NFTY
First Trust India NIFTY 50 Equal Weight ETF
FRI
First Trust S&P REIT Index Fund

Return for Risk

FRI vs. NFTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FRI
FRI Risk / Return Rank: 2525
Overall Rank
FRI Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
FRI Sortino Ratio Rank: 2323
Sortino Ratio Rank
FRI Omega Ratio Rank: 2424
Omega Ratio Rank
FRI Calmar Ratio Rank: 2626
Calmar Ratio Rank
FRI Martin Ratio Rank: 3030
Martin Ratio Rank
NFTY
NFTY Risk / Return Rank: 55
Overall Rank
NFTY Sharpe Ratio Rank: 66
Sharpe Ratio Rank
NFTY Sortino Ratio Rank: 55
Sortino Ratio Rank
NFTY Omega Ratio Rank: 55
Omega Ratio Rank
NFTY Calmar Ratio Rank: 77
Calmar Ratio Rank
NFTY Martin Ratio Rank: 33
Martin Ratio Rank
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.

FRI vs. NFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust S&P REIT Index Fund (FRI) 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.

FRINFTYDifference

Sharpe ratio

Return per unit of total volatility

0.39

-0.38

+0.77

Sortino ratio

Return per unit of downside risk

0.64

-0.46

+1.10

Omega ratio

Gain probability vs. loss probability

1.09

0.95

+0.14

Calmar ratio

Return relative to maximum drawdown

0.59

-0.34

+0.92

Martin ratio

Return relative to average drawdown

2.57

-1.21

+3.78

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRI vs. NFTY - Sharpe Ratio Comparison

The current FRI Sharpe Ratio is 0.39, which is higher than the NFTY Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of FRI and NFTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FRINFTYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.39

-0.38

+0.77

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.27

0.34

-0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.24

0.37

-0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.17

0.27

-0.11

Correlation

The correlation between FRI and NFTY is 0.24, 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

FRI vs. NFTY - Dividend Comparison

FRI's dividend yield for the trailing twelve months is around 2.78%, more than NFTY's 1.99% yield.

TTM20252024202320222021202020192018201720162015
FRI
First Trust S&P REIT Index Fund		2.78%2.99%3.33%3.24%2.52%1.44%3.08%2.28%3.21%2.82%3.27%2.66%
NFTY
First Trust India NIFTY 50 Equal Weight ETF		1.99%1.24%1.61%0.13%5.89%1.53%0.61%0.97%0.00%4.10%3.28%4.39%

Drawdowns

FRI vs. NFTY - Drawdown Comparison

The maximum FRI drawdown since its inception was -71.95%, which is greater than NFTY's maximum drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for FRI and NFTY.

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Drawdown Indicators

FRINFTYDifference

Max Drawdown

Largest peak-to-trough decline

-71.95%

-47.67%

-24.28%

Max Drawdown (1Y)

Largest decline over 1 year

-13.12%

-16.14%

+3.02%

Max Drawdown (5Y)

Largest decline over 5 years

-31.21%

-21.55%

-9.66%

Max Drawdown (10Y)

Largest decline over 10 years

-44.16%

-47.67%

+3.51%

Current Drawdown

Current decline from peak

-5.88%

-18.81%

+12.93%

Average Drawdown

Average peak-to-trough decline

-13.82%

-9.51%

-4.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.99%

4.51%

-1.52%

Volatility

FRI vs. NFTY - Volatility Comparison

The current volatility for First Trust S&P REIT Index Fund (FRI) is 4.33%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 7.54%. This indicates that FRI 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

FRINFTYDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.33%

7.54%

-3.21%

Volatility (6M)

Calculated over the trailing 6-month period

9.01%

11.42%

-2.41%

Volatility (1Y)

Calculated over the trailing 1-year period

16.75%

15.79%

+0.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.67%

17.54%

+1.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.06%

20.72%

+0.34%