FXH vs. NFTY

Last updated Aug 4, 2026

FXH (First Trust Health Care AlphaDEX Fund) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - FXH is a Health & Biotech Equities fund tracking the StrataQuant Health Care Index, while NFTY is a India Equities fund tracking the NIFTY 50 Equal Weight Index. Both are passively managed. Over the past 10 years, FXH returned 7.76%/yr vs 7.54%/yr for NFTY. Their 0.27 correlation means their historical movements had little consistent relationship. FXH charges 0.61%/yr vs 0.80%/yr for NFTY.

Performance

FXH vs. NFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Health Care AlphaDEX Fund (FXH) 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, FXH achieves a 12.75% return, which is significantly higher than NFTY's -5.08% return. Both investments have delivered pretty close results over the past 10 years, with FXH having a 7.76% annualized return and NFTY not far behind at 7.54%.

FXH

• 1D: 0.72%
• 1M: 1.42%
• 6M: 11.87%
• YTD: 12.75%
• 1Y: 30.98%
• 3Y*: 7.54%
• 5Y*: 1.03%
• 10Y*: 7.76%
• ALL TIME*: 10.27%

NFTY

• 1D: 0.88%
• 1M: 1.75%
• 6M: -5.04%
• YTD: -5.08%
• 1Y: -1.61%
• 3Y*: 6.43%
• 5Y*: 5.70%
• 10Y*: 7.54%
• ALL TIME*: 6.06%

*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)
FXH First Trust Health Care AlphaDEX Fund	$8.23M	$7.53M	$5.49M
NFTY First Trust India NIFTY 50 Equal Weight ETF	$2.50M	$1.73M	$1.67M

FXH vs. NFTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FXH First Trust Health Care AlphaDEX Fund	12.75%	10.16%	0.96%	-4.53%	-12.24%	15.20%	28.00%	22.26%	-1.33%	21.82%
NFTY First Trust India NIFTY 50 Equal Weight ETF	-5.08%	5.47%	5.18%	24.00%	-3.46%	26.83%	10.04%	0.58%	-1.51%	21.78%

Correlation

The correlation between FXH and NFTY is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.33
Correlation (3Y) Balances recent behavior with more history.	0.35
Correlation (5Y) Shows whether the relationship held over a longer period.	0.36
Correlation (10Y) Provides a long-term view across more market conditions.	0.28
Correlation (All Time) Calculated using the full available price history since Feb 28, 2012	0.27

FXH vs. NFTY - Sectors Allocation Comparison

Sectors	FXH	NFTY
Healthcare	97.3%	10.2%
Technology	1.4%	9.7%
Basic Materials	-	11.9%
Communication Services	-	2.0%
Consumer Cyclical	-	16.2%
Consumer Defensive	-	8.0%
Energy	-	7.9%
Financial Services	-	22.0%
Industrials	-	8.1%
Real Estate	-	-
Utilities	-	4.0%

Return for Risk

FXH vs. NFTY — Risk / Return Rank

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

FXH

FXH Risk / Return Rank: 74
FXH Sharpe Ratio Rank: 79
FXH Sortino Ratio Rank: 83
FXH Omega Ratio Rank: 75
FXH Calmar Ratio Rank: 69
FXH Martin Ratio Rank: 63

NFTY

NFTY Risk / Return Rank: 9
NFTY Sharpe Ratio Rank: 9
NFTY Sortino Ratio Rank: 9
NFTY Omega Ratio Rank: 9
NFTY Calmar Ratio Rank: 10
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.

FXH vs. NFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Health Care AlphaDEX Fund (FXH) 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.

	FXH	NFTY	Difference
Sharpe ratio: Return per unit of total volatility	1.92	-0.11	+2.03
Sortino ratio: Return per unit of downside risk	2.87	-0.05	+2.92
Omega ratio: Gain probability vs. loss probability	1.33	0.99	+0.34
Calmar ratio: Return relative to maximum drawdown	2.55	-0.10	+2.65
Martin ratio: Return relative to average drawdown	7.98	-0.23	+8.21

FXH vs. NFTY - Sharpe Ratio Comparison

The current FXH Sharpe Ratio is 1.92, which is higher than the NFTY Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of FXH 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

FXH vs. NFTY - Drawdown Comparison

The maximum FXH drawdown since its inception was -43.70%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for FXH and NFTY.

Drawdown Indicators

	FXH	NFTY	Difference
Max Drawdown Largest peak-to-trough decline	-43.70%	-47.67%	+3.97%
Max Drawdown (1Y) Largest decline over 1 year	-12.20%	-16.14%	+3.94%
Max Drawdown (3Y) Largest decline over 3 years	-17.53%	-21.55%	+4.02%
Max Drawdown (5Y) Largest decline over 5 years	-29.49%	-21.55%	-7.94%
Max Drawdown (10Y) Largest decline over 10 years	-30.61%	-47.67%	+17.06%
Current Drawdown Current decline from peak	-0.24%	-13.23%	+12.99%
Average Drawdown Average peak-to-trough decline	-9.41%	-9.65%	+0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.89%	6.99%	-3.10%

Volatility

FXH vs. NFTY - Volatility Comparison

First Trust Health Care AlphaDEX Fund (FXH) has a higher volatility of 4.86% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 3.57%. This indicates that FXH's price experiences larger fluctuations and is considered to be riskier than NFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXH	NFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.86%	3.57%	+1.29%
Volatility (6M) Calculated over the trailing 6-month period	12.08%	12.74%	-0.66%
Volatility (1Y) Calculated over the trailing 1-year period	16.25%	14.87%	+1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.72%	17.41%	-0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.51%	20.65%	-2.14%

FXH vs. NFTY - Expense Ratio Comparison

FXH has a 0.61% expense ratio, which is lower than NFTY's 0.80% expense ratio.

Dividends

FXH vs. NFTY - Dividend Comparison

FXH's dividend yield for the trailing twelve months is around 0.80%, less than NFTY's 1.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXH First Trust Health Care AlphaDEX Fund	0.80%	0.75%	0.41%	0.24%	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NFTY First Trust India NIFTY 50 Equal Weight ETF	1.87%	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 FXH and NFTY in my portfolio?

FXH and NFTY have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FXH or NFTY?

FXH has higher volatility (4.86%) compared to NFTY (3.57%). In terms of maximum drawdown, FXH dropped -43.70% vs NFTY's -47.67%.

Which ETF is better, FXH or NFTY?

On 10-year performance, FXH leads with 7.76% vs 7.54% for NFTY. On fees, FXH is cheaper at 0.61% per year. On volatility, NFTY has been the lower-risk option at 3.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FXH or NFTY?

Over the 10-year period, FXH has performed better with a 7.76% return vs 7.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FXH or NFTY?

FXH is cheaper with a 0.61% expense ratio, compared with 0.80% for NFTY.

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

NFTY has the higher dividend yield at 1.87%, compared with 0.80% for FXH.

What is the main difference between FXH and NFTY?

FXH is categorized as Health & Biotech Equities, while NFTY is India Equities. FXH tracks StrataQuant Health Care Index, while NFTY tracks NIFTY 50 Equal Weight Index. Their fees differ too: 0.61% for FXH and 0.80% for NFTY.

Which has better risk-adjusted returns?

FXH currently has the higher Sharpe Ratio (1.92 vs -0.11), 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.