FTSM vs. NFTY
FTSM (First Trust Enhanced Short Maturity ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - FTSM is a Ultrashort Bond fund actively managed by First Trust, while NFTY is a India Equities fund tracking the NIFTY 50 Equal Weight Index. FTSM is actively managed, while NFTY is passively managed. Over the past 10 years, FTSM returned 2.58%/yr vs 7.23%/yr for NFTY. At a 0.05 correlation, their price movements are largely independent. FTSM charges 0.44%/yr vs 0.80%/yr for NFTY.
Performance
FTSM vs. NFTY - Performance Comparison
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Returns By Period
In the year-to-date period, FTSM achieves a 1.90% return, which is significantly higher than NFTY's -8.35% return. Over the past 10 years, FTSM has underperformed NFTY with an annualized return of 2.58%, while NFTY has yielded a comparatively higher 7.23% annualized return.
FTSM
- 1D
- 0.04%
- 1M
- 0.29%
- 6M
- 1.78%
- YTD
- 1.90%
- 1Y
- 4.07%
- 3Y*
- 4.81%
- 5Y*
- 3.55%
- 10Y*
- 2.58%
NFTY
- 1D
- -0.21%
- 1M
- -1.78%
- 6M
- -7.54%
- YTD
- -8.35%
- 1Y
- -9.06%
- 3Y*
- 4.29%
- 5Y*
- 5.57%
- 10Y*
- 7.23%
FTSM vs. NFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTSM First Trust Enhanced Short Maturity ETF | 1.90% | 4.66% | 5.22% | 5.12% | 1.02% | -0.01% | 1.12% | 2.82% | 1.94% | 1.57% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | -8.35% | 5.47% | 5.18% | 24.00% | -3.46% | 26.83% | 10.04% | 0.58% | -1.51% | 21.78% |
Correlation
The correlation between FTSM and NFTY is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2014 | 0.05 |
Over the past year, FTSM and NFTY have become more correlated (0.31) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
FTSM vs. NFTY — Risk / Return Rank
FTSM
NFTY
FTSM vs. NFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Short Maturity ETF (FTSM) 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.
| FTSM | NFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.95 | ||
| Sortino ratioReturn per unit of downside risk | +19.41 | ||
| Omega ratioGain probability vs. loss probability | 4.03 | 0.91 | +3.12 |
| Calmar ratioReturn relative to maximum drawdown | 34.95 | -0.56 | +35.52 |
| Martin ratioReturn relative to average drawdown | 168.92 | -1.34 | +170.26 |
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Drawdowns
FTSM vs. NFTY - Drawdown Comparison
The maximum FTSM drawdown since its inception was -4.12%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for FTSM and NFTY.
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Drawdown Indicators
| FTSM | NFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -47.67% | +43.55% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -16.14% | +16.02% |
Max Drawdown (3Y)Largest decline over 3 years | -0.15% | -21.55% | +21.40% |
Max Drawdown (5Y)Largest decline over 5 years | -0.65% | -21.55% | +20.90% |
Max Drawdown (10Y)Largest decline over 10 years | -4.12% | -47.67% | +43.55% |
Current DrawdownCurrent decline from peak | 0.00% | -16.22% | +16.22% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -9.63% | +9.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 6.82% | -6.80% |
Volatility
FTSM vs. NFTY - Volatility Comparison
The current volatility for First Trust Enhanced Short Maturity ETF (FTSM) is 0.16%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 3.01%. This indicates that FTSM 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
| FTSM | NFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 3.01% | -2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 0.38% | 12.58% | -12.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.49% | 14.72% | -14.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.50% | 17.40% | -16.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.88% | 20.64% | -19.76% |
FTSM vs. NFTY - Expense Ratio Comparison
FTSM has a 0.44% expense ratio, which is lower than NFTY's 0.80% expense ratio.
Dividends
FTSM vs. NFTY - Dividend Comparison
FTSM's dividend yield for the trailing twelve months is around 4.13%, more than NFTY's 1.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSM First Trust Enhanced Short Maturity ETF | 4.13% | 4.28% | 4.91% | 4.62% | 1.62% | 0.39% | 1.20% | 2.38% | 2.14% | 1.49% | 1.03% | 0.48% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.93% | 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
FTSM and NFTY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFTY has higher volatility (3.01%) compared to FTSM (0.16%). In terms of maximum drawdown, FTSM dropped -4.12% vs NFTY's -47.67%.
On 10-year performance, NFTY leads with 7.23% vs 2.58% for FTSM. On fees, FTSM is cheaper at 0.44% per year. On volatility, FTSM has been the lower-risk option at 0.16%. 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 7.23% return vs 2.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTSM is cheaper with a 0.44% expense ratio, compared with 0.80% for NFTY.
FTSM has the higher dividend yield at 4.13%, compared with 1.93% for NFTY.
FTSM is categorized as Ultrashort Bond, while NFTY is India Equities. Their fees differ too: 0.44% for FTSM and 0.80% for NFTY.
FTSM currently has the higher Sharpe Ratio (8.33 vs -0.62), 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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