HYLS vs. NFTY
HYLS (First Trust Tactical High Yield ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - HYLS is a High Yield Bonds fund actively managed by First Trust, while NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index. HYLS is actively managed, while NFTY is passively managed. Over the past 10 years, HYLS returned 4.35%/yr vs 8.13%/yr for NFTY. At a 0.28 correlation, their price movements are largely independent. HYLS charges 1.01%/yr vs 0.80%/yr for NFTY.
Performance
HYLS vs. NFTY - Performance Comparison
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Returns By Period
In the year-to-date period, HYLS achieves a 0.28% return, which is significantly higher than NFTY's -9.70% return. Over the past 10 years, HYLS has underperformed NFTY with an annualized return of 4.35%, while NFTY has yielded a comparatively higher 8.13% annualized return.
HYLS
- 1D
- -0.17%
- 1M
- 0.39%
- YTD
- 0.28%
- 6M
- 0.70%
- 1Y
- 5.37%
- 3Y*
- 7.73%
- 5Y*
- 2.94%
- 10Y*
- 4.35%
NFTY
- 1D
- -1.34%
- 1M
- -1.64%
- YTD
- -9.70%
- 6M
- -7.99%
- 1Y
- -8.48%
- 3Y*
- 5.72%
- 5Y*
- 4.62%
- 10Y*
- 8.13%
HYLS vs. NFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYLS First Trust Tactical High Yield ETF | 0.28% | 8.00% | 5.85% | 13.66% | -12.83% | 3.69% | 5.32% | 14.66% | -2.46% | 6.39% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | -9.70% | 5.47% | 5.18% | 24.00% | -3.46% | 26.83% | 10.04% | 0.58% | -1.51% | 21.78% |
Correlation
The correlation between HYLS and NFTY is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2013 | 0.28 |
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Return for Risk
HYLS vs. NFTY — Risk / Return Rank
HYLS
NFTY
HYLS vs. NFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Tactical High Yield ETF (HYLS) 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.
| HYLS | NFTY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.54 | -0.58 | +2.12 |
Sortino ratioReturn per unit of downside risk | 2.38 | -0.78 | +3.16 |
Omega ratioGain probability vs. loss probability | 1.29 | 0.91 | +0.38 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | -0.53 | +2.27 |
Martin ratioReturn relative to average drawdown | 7.42 | -1.39 | +8.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYLS | NFTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | -0.58 | +2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.27 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.39 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.28 | +0.40 |
Drawdowns
HYLS vs. NFTY - Drawdown Comparison
The maximum HYLS drawdown since its inception was -22.99%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for HYLS and NFTY.
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Drawdown Indicators
| HYLS | NFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.99% | -47.67% | +24.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -16.14% | +13.05% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -21.55% | +17.59% |
Max Drawdown (5Y)Largest decline over 5 years | -15.75% | -21.55% | +5.80% |
Max Drawdown (10Y)Largest decline over 10 years | -22.99% | -47.67% | +24.68% |
Current DrawdownCurrent decline from peak | -0.20% | -17.45% | +17.25% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -9.58% | +7.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 6.12% | -5.39% |
Volatility
HYLS vs. NFTY - Volatility Comparison
The current volatility for First Trust Tactical High Yield ETF (HYLS) is 1.16%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 4.58%. This indicates that HYLS 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
| HYLS | NFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 4.58% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 12.57% | -9.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 14.72% | -11.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 17.39% | -10.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.70% | 20.72% | -14.02% |
HYLS vs. NFTY - Expense Ratio Comparison
HYLS has a 1.01% expense ratio, which is higher than NFTY's 0.80% expense ratio.
Dividends
HYLS vs. NFTY - Dividend Comparison
HYLS's dividend yield for the trailing twelve months is around 6.70%, more than NFTY's 1.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLS First Trust Tactical High Yield ETF | 6.70% | 6.38% | 6.25% | 5.98% | 7.38% | 5.48% | 5.09% | 5.17% | 5.81% | 5.53% | 5.37% | 6.11% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.96% | 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
HYLS and NFTY have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFTY has higher volatility (4.58%) compared to HYLS (1.16%). In terms of maximum drawdown, HYLS dropped -22.99% vs NFTY's -47.67%.
On 10-year performance, NFTY leads with 8.13% vs 4.35% for HYLS. On fees, NFTY is cheaper at 0.80% per year. On volatility, HYLS has been the lower-risk option at 1.16%. 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 8.13% return vs 4.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NFTY is cheaper with a 0.80% expense ratio, compared with 1.01% for HYLS.
HYLS has the higher dividend yield at 6.70%, compared with 1.96% for NFTY.
HYLS is categorized as High Yield Bonds, while NFTY is Asia Pacific Equities. Their fees differ too: 1.01% for HYLS and 0.80% for NFTY.
HYLS currently has the higher Sharpe Ratio (1.54 vs -0.58), 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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