FTCE vs. NFTY

Last updated Aug 2, 2026

FTCE (First Trust New Constructs Core Earnings Leaders ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - FTCE is a Large Cap Blend Equities fund tracking the Bloomberg New Constructs Core Earnings Leaders Index, while NFTY is a India Equities fund tracking the NIFTY 50 Equal Weight Index. Both are passively managed. Over the past year, FTCE returned 24.21% vs -2.47% for NFTY. Their 0.37 correlation means their historical movements had little consistent relationship. FTCE charges 0.60%/yr vs 0.80%/yr for NFTY.

Performance

FTCE vs. NFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust New Constructs Core Earnings Leaders ETF (FTCE) 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, FTCE achieves a 9.29% return, which is significantly higher than NFTY's -5.91% return.

FTCE

• 1D: -0.09%
• 1M: -0.49%
• 6M: 7.29%
• YTD: 9.29%
• 1Y: 24.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.24%

NFTY

• 1D: -0.10%
• 1M: 0.86%
• 6M: -2.37%
• YTD: -5.91%
• 1Y: -2.47%
• 3Y*: 5.47%
• 5Y*: 5.91%
• 10Y*: 7.50%
• ALL TIME*: 6.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTCE First Trust New Constructs Core Earnings Leaders ETF	$134.84K	$169.05K	$267.54K
NFTY First Trust India NIFTY 50 Equal Weight ETF	$2.39M	$1.68M	$1.69M

FTCE vs. NFTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FTCE First Trust New Constructs Core Earnings Leaders ETF	9.29%	26.14%	-0.02%
NFTY First Trust India NIFTY 50 Equal Weight ETF	-5.91%	5.47%	-11.04%

Correlation

The correlation between FTCE and NFTY is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024	0.37

FTCE vs. NFTY - Sectors Allocation Comparison

Sectors	FTCE	NFTY
Technology	36.3%	9.7%
Consumer Cyclical	12.2%	16.2%
Financial Services	11.6%	22.0%
Healthcare	9.8%	10.2%
Industrials	8.9%	8.1%
Communication Services	7.4%	2.0%
Consumer Defensive	4.3%	8.0%
Energy	3.4%	7.9%
Utilities	2.2%	4.0%
Real Estate	2.0%	-
Basic Materials	1.9%	11.9%

Return for Risk

FTCE vs. NFTY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FTCE

FTCE Risk / Return Rank: 66
FTCE Sharpe Ratio Rank: 71
FTCE Sortino Ratio Rank: 70
FTCE Omega Ratio Rank: 69
FTCE Calmar Ratio Rank: 63
FTCE Martin Ratio Rank: 58

NFTY

NFTY Risk / Return Rank: 8
NFTY Sharpe Ratio Rank: 9
NFTY Sortino Ratio Rank: 8
NFTY Omega Ratio Rank: 8
NFTY Calmar Ratio Rank: 9
NFTY Martin Ratio Rank: 9

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FTCE vs. NFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust New Constructs Core Earnings Leaders ETF (FTCE) 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.

	FTCE	NFTY	Difference
Sharpe ratio: Return per unit of total volatility	1.64	-0.15	+1.79
Sortino ratio: Return per unit of downside risk	2.29	-0.11	+2.41
Omega ratio: Gain probability vs. loss probability	1.29	0.99	+0.30
Calmar ratio: Return relative to maximum drawdown	2.23	-0.14	+2.37
Martin ratio: Return relative to average drawdown	6.99	-0.31	+7.30

FTCE vs. NFTY - Sharpe Ratio Comparison

The current FTCE Sharpe Ratio is 1.64, which is higher than the NFTY Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of FTCE 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

FTCE vs. NFTY - Drawdown Comparison

The maximum FTCE drawdown since its inception was -18.11%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for FTCE and NFTY.

Drawdown Indicators

	FTCE	NFTY	Difference
Max Drawdown Largest peak-to-trough decline	-18.11%	-47.67%	+29.56%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	-16.14%	+5.98%
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	-4.71%	-13.99%	+9.28%
Average Drawdown Average peak-to-trough decline	-2.68%	-9.65%	+6.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	6.98%	-3.74%

Volatility

FTCE vs. NFTY - Volatility Comparison

The current volatility for First Trust New Constructs Core Earnings Leaders ETF (FTCE) is 3.32%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 3.54%. This indicates that FTCE 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

	FTCE	NFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	3.54%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	11.16%	12.71%	-1.55%
Volatility (1Y) Calculated over the trailing 1-year period	13.83%	14.82%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.59%	17.42%	-0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	20.64%	-4.05%

FTCE vs. NFTY - Expense Ratio Comparison

FTCE has a 0.60% expense ratio, which is lower than NFTY's 0.80% expense ratio.

Dividends

FTCE vs. NFTY - Dividend Comparison

FTCE's dividend yield for the trailing twelve months is around 0.66%, less than NFTY's 1.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTCE First Trust New Constructs Core Earnings Leaders ETF	0.66%	0.96%	0.28%	0.00%	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	1.88%	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 FTCE and NFTY in my portfolio?

FTCE and NFTY have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTCE or NFTY?

NFTY has higher volatility (3.54%) compared to FTCE (3.32%). In terms of maximum drawdown, FTCE dropped -18.11% vs NFTY's -47.67%.

Which ETF is better, FTCE or NFTY?

On 1-year performance, FTCE leads with 24.21% vs -2.47% for NFTY. On fees, FTCE is cheaper at 0.60% per year. On volatility, FTCE has been the lower-risk option at 3.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTCE or NFTY?

Over the 1-year period, FTCE has performed better with a 24.21% return vs -2.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTCE or NFTY?

FTCE is cheaper with a 0.60% expense ratio, compared with 0.80% for NFTY.

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

NFTY has the higher dividend yield at 1.88%, compared with 0.66% for FTCE.

What is the main difference between FTCE and NFTY?

FTCE is categorized as Large Cap Blend Equities, while NFTY is India Equities. FTCE tracks Bloomberg New Constructs Core Earnings Leaders Index, while NFTY tracks NIFTY 50 Equal Weight Index. Their fees differ too: 0.60% for FTCE and 0.80% for NFTY.

Which has better risk-adjusted returns?

FTCE currently has the higher Sharpe Ratio (1.64 vs -0.15), 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.