FTSL vs. NFTY
FTSL (First Trust Senior Loan Fund) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - FTSL is a Bank Loan fund actively managed by First Trust, while NFTY is a India Equities fund tracking the NIFTY 50 Equal Weight Index. FTSL is actively managed, while NFTY is passively managed. Over the past 10 years, FTSL returned 4.42%/yr vs 7.50%/yr for NFTY. Their 0.20 correlation means their historical movements had little consistent relationship. FTSL charges 0.70%/yr vs 0.80%/yr for NFTY.
Performance
FTSL vs. NFTY - Performance Comparison
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Returns By Period
In the year-to-date period, FTSL achieves a 1.33% return, which is significantly higher than NFTY's -5.91% return. Over the past 10 years, FTSL has underperformed NFTY with an annualized return of 4.42%, while NFTY has yielded a comparatively higher 7.50% annualized return.
FTSL
- 1D
- 0.11%
- 1M
- 0.51%
- 6M
- 1.82%
- YTD
- 1.33%
- 1Y
- 3.96%
- 3Y*
- 6.74%
- 5Y*
- 5.15%
- 10Y*
- 4.42%
- ALL TIME*
- 4.00%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.60M | $10.00M | $9.63M | |
| $2.39M | $1.68M | $1.69M |
FTSL vs. NFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTSL First Trust Senior Loan Fund | 1.33% | 5.98% | 8.27% | 11.58% | -2.50% | 3.94% | 2.99% | 10.11% | -1.30% | 2.59% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | -5.91% | 5.47% | 5.18% | 24.00% | -3.46% | 26.83% | 10.04% | 0.58% | -1.51% | 21.78% |
Correlation
The correlation between FTSL and NFTY is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 2, 2013 | 0.20 |
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Return for Risk
FTSL vs. NFTY — Risk / Return Rank
FTSL
NFTY
FTSL vs. NFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Senior Loan Fund (FTSL) 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.
| FTSL | NFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.99 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | -0.14 | +1.84 |
| Martin ratioReturn relative to average drawdown | 6.32 | -0.31 | +6.64 |
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Drawdowns
FTSL vs. NFTY - Drawdown Comparison
The maximum FTSL drawdown since its inception was -22.67%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for FTSL and NFTY.
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Drawdown Indicators
| FTSL | NFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.67% | -47.67% | +25.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.33% | -16.14% | +13.81% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -21.55% | +18.89% |
Max Drawdown (5Y)Largest decline over 5 years | -6.96% | -21.55% | +14.59% |
Max Drawdown (10Y)Largest decline over 10 years | -22.67% | -47.67% | +25.00% |
Current DrawdownCurrent decline from peak | 0.00% | -13.99% | +13.99% |
Average DrawdownAverage peak-to-trough decline | -0.75% | -9.65% | +8.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 6.98% | -6.35% |
Volatility
FTSL vs. NFTY - Volatility Comparison
The current volatility for First Trust Senior Loan Fund (FTSL) is 0.47%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 3.54%. This indicates that FTSL 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
| FTSL | NFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 3.54% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 12.71% | -10.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.15% | 14.82% | -12.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.35% | 17.42% | -14.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.18% | 20.64% | -15.46% |
FTSL vs. NFTY - Expense Ratio Comparison
FTSL has a 0.70% expense ratio, which is lower than NFTY's 0.80% expense ratio.
Dividends
FTSL vs. NFTY - Dividend Comparison
FTSL's dividend yield for the trailing twelve months is around 6.37%, more than NFTY's 1.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSL First Trust Senior Loan Fund | 6.37% | 6.59% | 7.56% | 7.59% | 4.77% | 3.17% | 3.48% | 4.44% | 4.29% | 3.64% | 3.70% | 3.95% |
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
FTSL 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.
NFTY has higher volatility (3.54%) compared to FTSL (0.47%). In terms of maximum drawdown, FTSL dropped -22.67% vs NFTY's -47.67%.
On 10-year performance, NFTY leads with 7.50% vs 4.42% for FTSL. On fees, FTSL is cheaper at 0.70% per year. On volatility, FTSL has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NFTY has performed better with a 7.50% return vs 4.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTSL is cheaper with a 0.70% expense ratio, compared with 0.80% for NFTY.
FTSL has the higher dividend yield at 6.37%, compared with 1.88% for NFTY.
FTSL is categorized as Bank Loan, while NFTY is India Equities. Their fees differ too: 0.70% for FTSL and 0.80% for NFTY.
FTSL currently has the higher Sharpe Ratio (1.85 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.
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