FTCB vs. NFTY

Last updated Jun 24, 2026

FTCB (First Trust Core Investment Grade ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - FTCB is a Intermediate Core Bond fund actively managed by First Trust, while NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index. FTCB is actively managed, while NFTY is passively managed. Over the past year, FTCB returned 4.91% vs -6.58% for NFTY. At a 0.18 correlation, their price movements are largely independent. FTCB charges 0.55%/yr vs 0.80%/yr for NFTY.

Performance

FTCB vs. NFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Core Investment Grade ETF (FTCB) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTCB achieves a 0.45% return, which is significantly higher than NFTY's -7.30% return.

FTCB

• 1D: 0.05%
• 1M: 0.77%
• YTD: 0.45%
• 6M: 0.76%
• 1Y: 4.91%
• 3Y*: —
• 5Y*: —
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTCB vs. NFTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FTCB First Trust Core Investment Grade ETF	0.45%	8.12%	2.57%	5.69%
NFTY First Trust India NIFTY 50 Equal Weight ETF	-7.30%	5.47%	5.18%	11.46%

Correlation

The correlation between FTCB and NFTY is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Nov 8, 2023	0.18

The correlation between FTCB and NFTY shifts across timeframes, from 0.18 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FTCB vs. NFTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTCB

FTCB Risk / Return Rank: 35
FTCB Sharpe Ratio Rank: 37
FTCB Sortino Ratio Rank: 38
FTCB Omega Ratio Rank: 34
FTCB Calmar Ratio Rank: 35
FTCB Martin Ratio Rank: 33

NFTY

NFTY Risk / Return Rank: 5
NFTY Sharpe Ratio Rank: 5
NFTY Sortino Ratio Rank: 5
NFTY Omega Ratio Rank: 5
NFTY Calmar Ratio Rank: 5
NFTY Martin Ratio Rank: 4

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.

FTCB vs. NFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Core Investment Grade ETF (FTCB) 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.

	FTCB	NFTY	Difference
Sharpe ratio: Return per unit of total volatility	1.24	-0.45	+1.69
Sortino ratio: Return per unit of downside risk	1.83	-0.58	+2.41
Omega ratio: Gain probability vs. loss probability	1.22	0.94	+0.28
Calmar ratio: Return relative to maximum drawdown	1.62	-0.41	+2.03
Martin ratio: Return relative to average drawdown	4.73	-1.01	+5.73

FTCB vs. NFTY - Sharpe Ratio Comparison

The current FTCB Sharpe Ratio is 1.24, which is higher than the NFTY Sharpe Ratio of -0.45. The chart below compares the historical Sharpe Ratios of FTCB and NFTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTCB vs. NFTY - Drawdown Comparison

The maximum FTCB drawdown since its inception was -4.99%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for FTCB and NFTY.

Drawdown Indicators

	FTCB	NFTY	Difference
Max Drawdown Largest peak-to-trough decline	-4.99%	-47.67%	+42.68%
Max Drawdown (1Y) Largest decline over 1 year	-3.04%	-16.14%	+13.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.67%	—
Current Drawdown Current decline from peak	-1.44%	-15.26%	+13.82%
Average Drawdown Average peak-to-trough decline	-1.27%	-9.60%	+8.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	6.56%	-5.52%

Volatility

FTCB vs. NFTY - Volatility Comparison

The current volatility for First Trust Core Investment Grade ETF (FTCB) is 1.10%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 4.23%. This indicates that FTCB 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.

Volatility by Period

	FTCB	NFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	4.23%	-3.13%
Volatility (6M) Calculated over the trailing 6-month period	2.98%	12.75%	-9.77%
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	14.75%	-10.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.18%	17.41%	-12.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.18%	20.72%	-15.54%

FTCB vs. NFTY - Expense Ratio Comparison

FTCB has a 0.55% expense ratio, which is lower than NFTY's 0.80% expense ratio.

Dividends

FTCB vs. NFTY - Dividend Comparison

FTCB's dividend yield for the trailing twelve months is around 5.29%, more than NFTY's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTCB First Trust Core Investment Grade ETF	5.29%	4.99%	5.19%	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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

Can I hold both FTCB and NFTY in my portfolio?

FTCB and NFTY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTCB or NFTY?

NFTY has higher volatility (4.23%) compared to FTCB (1.10%). In terms of maximum drawdown, FTCB dropped -4.99% vs NFTY's -47.67%.

Which ETF is better, FTCB or NFTY?

On 1-year performance, FTCB leads with 4.91% vs -6.58% for NFTY. On fees, FTCB is cheaper at 0.55% per year. On volatility, FTCB has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTCB or NFTY?

Over the 1-year period, FTCB has performed better with a 4.91% return vs -6.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTCB or NFTY?

FTCB is cheaper with a 0.55% expense ratio, compared with 0.80% for NFTY.

Which ETF pays a higher dividend yield, FTCB or NFTY?

FTCB has the higher dividend yield at 5.29%, compared with 1.91% for NFTY.

What is the main difference between FTCB and NFTY?

FTCB is categorized as Intermediate Core Bond, while NFTY is Asia Pacific Equities. Their fees differ too: 0.55% for FTCB and 0.80% for NFTY.

Which has better risk-adjusted returns?

FTCB currently has the higher Sharpe Ratio (1.24 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.