IFV vs. NFTY

Last updated Jun 4, 2026

IFV (First Trust Dorsey Wright International Focus 5 ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - IFV is a Foreign Large Cap Equities fund tracking the Dorsey Wright International Focus Five Index, while NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index. Both are passively managed. Over the past 10 years, IFV returned 7.10%/yr vs 8.13%/yr for NFTY. At a 0.46 correlation, their price movements are largely independent. IFV charges 1.06%/yr vs 0.80%/yr for NFTY.

Performance

IFV vs. NFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dorsey Wright International Focus 5 ETF (IFV) 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, IFV achieves a 12.94% return, which is significantly higher than NFTY's -9.70% return. Over the past 10 years, IFV has underperformed NFTY with an annualized return of 7.10%, while NFTY has yielded a comparatively higher 8.13% annualized return.

IFV

• 1D: -0.63%
• 1M: 3.11%
• YTD: 12.94%
• 6M: 16.30%
• 1Y: 29.74%
• 3Y*: 19.18%
• 5Y*: 4.76%
• 10Y*: 7.10%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IFV vs. NFTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IFV First Trust Dorsey Wright International Focus 5 ETF	12.94%	32.26%	0.33%	20.45%	-25.39%	5.59%	6.15%	26.29%	-20.44%	32.58%
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 IFV and NFTY is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jul 24, 2014	0.46

The correlation between IFV and NFTY has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.

IFV vs. NFTY - Sectors Allocation Comparison

Sectors	IFV	NFTY
Industrials	31.1%	8.3%
Financial Services	11.6%	21.2%
Basic Materials	10.3%	12.5%
Consumer Cyclical	9.3%	16.3%
Energy	8.5%	8.5%
Technology	7.5%	9.2%
Real Estate	6.1%	-
Utilities	5.4%	4.0%
Healthcare	4.0%	9.7%
Consumer Defensive	3.9%	8.3%
Communication Services	2.6%	2.0%

Return for Risk

IFV vs. NFTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IFV

IFV Risk / Return Rank: 53
IFV Sharpe Ratio Rank: 54
IFV Sortino Ratio Rank: 54
IFV Omega Ratio Rank: 55
IFV Calmar Ratio Rank: 49
IFV Martin Ratio Rank: 53

NFTY

NFTY Risk / Return Rank: 3
NFTY Sharpe Ratio Rank: 4
NFTY Sortino Ratio Rank: 4
NFTY Omega Ratio Rank: 4
NFTY Calmar Ratio Rank: 4
NFTY Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IFV vs. NFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright International Focus 5 ETF (IFV) 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.

	IFV	NFTY	Difference
Sharpe ratio: Return per unit of total volatility	1.84	-0.58	+2.42
Sortino ratio: Return per unit of downside risk	2.59	-0.78	+3.37
Omega ratio: Gain probability vs. loss probability	1.33	0.91	+0.42
Calmar ratio: Return relative to maximum drawdown	2.38	-0.53	+2.90
Martin ratio: Return relative to average drawdown	8.97	-1.39	+10.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IFV vs. NFTY - Sharpe Ratio Comparison

The current IFV Sharpe Ratio is 1.84, which is higher than the NFTY Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of IFV 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.

Sharpe Ratios by Period

	IFV	NFTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	-0.58	+2.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.27	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.39	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.28	-0.04

Drawdowns

IFV vs. NFTY - Drawdown Comparison

The maximum IFV drawdown since its inception was -48.89%, roughly equal to the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for IFV and NFTY.

Drawdown Indicators

	IFV	NFTY	Difference
Max Drawdown Largest peak-to-trough decline	-48.89%	-47.67%	-1.22%
Max Drawdown (1Y) Largest decline over 1 year	-12.57%	-16.14%	+3.57%
Max Drawdown (3Y) Largest decline over 3 years	-14.66%	-21.55%	+6.89%
Max Drawdown (5Y) Largest decline over 5 years	-35.32%	-21.55%	-13.77%
Max Drawdown (10Y) Largest decline over 10 years	-48.89%	-47.67%	-1.22%
Current Drawdown Current decline from peak	-1.32%	-17.45%	+16.13%
Average Drawdown Average peak-to-trough decline	-13.23%	-9.58%	-3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	6.12%	-2.80%

Volatility

IFV vs. NFTY - Volatility Comparison

First Trust Dorsey Wright International Focus 5 ETF (IFV) has a higher volatility of 6.06% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 4.58%. This indicates that IFV'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

	IFV	NFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.06%	4.58%	+1.48%
Volatility (6M) Calculated over the trailing 6-month period	13.47%	12.57%	+0.90%
Volatility (1Y) Calculated over the trailing 1-year period	16.24%	14.72%	+1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.97%	17.39%	+0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.75%	20.72%	+0.03%

IFV vs. NFTY - Expense Ratio Comparison

IFV has a 1.06% expense ratio, which is higher than NFTY's 0.80% expense ratio.

Dividends

IFV vs. NFTY - Dividend Comparison

IFV's dividend yield for the trailing twelve months is around 1.76%, less than NFTY's 1.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IFV First Trust Dorsey Wright International Focus 5 ETF	1.76%	1.95%	2.31%	2.88%	3.79%	1.04%	1.53%	2.91%	1.86%	1.43%	1.10%	1.52%
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

Can I hold both IFV and NFTY in my portfolio?

IFV and NFTY have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IFV or NFTY?

IFV has higher volatility (6.06%) compared to NFTY (4.58%). In terms of maximum drawdown, IFV dropped -48.89% vs NFTY's -47.67%.

Which ETF is better, IFV or NFTY?

On 10-year performance, NFTY leads with 8.13% vs 7.10% for IFV. On fees, NFTY is cheaper at 0.80% per year. On volatility, NFTY has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IFV or NFTY?

Over the 10-year period, NFTY has performed better with a 8.13% return vs 7.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IFV or NFTY?

NFTY is cheaper with a 0.80% expense ratio, compared with 1.06% for IFV.

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

NFTY has the higher dividend yield at 1.96%, compared with 1.76% for IFV.

What is the main difference between IFV and NFTY?

IFV is categorized as Foreign Large Cap Equities, while NFTY is Asia Pacific Equities. IFV tracks Dorsey Wright International Focus Five Index, while NFTY tracks NIFTY 50 Equal Weight Index. Their fees differ too: 1.06% for IFV and 0.80% for NFTY.

Which has better risk-adjusted returns?

IFV currently has the higher Sharpe Ratio (1.84 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.