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 4.44%/yr vs 8.36%/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 0.43% return, which is significantly higher than NFTY's -7.30% return. Over the past 10 years, HYLS has underperformed NFTY with an annualized return of 4.44%, while NFTY has yielded a comparatively higher 8.36% annualized return.
HYLS
- 1D
- -0.02%
- 1M
- 0.42%
- YTD
- 0.43%
- 6M
- 0.59%
- 1Y
- 4.69%
- 3Y*
- 8.00%
- 5Y*
- 2.88%
- 10Y*
- 4.44%
NFTY
- 1D
- -1.31%
- 1M
- 1.01%
- YTD
- -7.30%
- 6M
- -7.62%
- 1Y
- -6.58%
- 3Y*
- 6.30%
- 5Y*
- 5.79%
- 10Y*
- 8.36%
HYLS vs. NFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYLS First Trust Tactical High Yield ETF | 0.43% | 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 | -7.30% | 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 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
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 27, 2013 | 0.28 |
The correlation between HYLS and NFTY shifts across timeframes, from 0.28 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
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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.
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.
| HYLS | NFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.94 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | -0.41 | +1.93 |
| Martin ratioReturn relative to average drawdown | 6.46 | -1.01 | +7.47 |
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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 | -0.17% | -15.26% | +15.09% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -9.60% | +7.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 6.56% | -5.83% |
Volatility
HYLS vs. NFTY - Volatility Comparison
The current volatility for First Trust Tactical High Yield ETF (HYLS) is 0.85%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 4.23%. 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 | 0.85% | 4.23% | -3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 12.75% | -9.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 14.75% | -11.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 17.41% | -10.79% |
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 6.69%, more than NFTY's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLS First Trust Tactical High Yield ETF | 6.69% | 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 | 1.91% | 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 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFTY has higher volatility (4.23%) compared to HYLS (0.85%). In terms of maximum drawdown, HYLS dropped -22.99% vs NFTY's -47.67%.
On 10-year performance, NFTY leads with 8.36% vs 4.44% for HYLS. On fees, NFTY is cheaper at 0.80% per year. On volatility, HYLS has been the lower-risk option at 0.85%. 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 8.36% return vs 4.44%. 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 6.69%, compared with 1.91% 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 (1.33 vs -0.45), 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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