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IMVP vs. NFTY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMVP vs. NFTY

Last updated Jun 4, 2026

IMVP (Invesco India ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - IMVP is a Emerging Markets Equities fund tracking the FTSE India Quality and Yield Select 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, IMVP returned 8.19%/yr vs 8.13%/yr for NFTY. A 0.53 correlation means they provide meaningful diversification when combined. IMVP charges 0.78%/yr vs 0.80%/yr for NFTY.

Performance

IMVP vs. NFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco India ETF (IMVP) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IMVP achieves a -16.08% return, which is significantly lower than NFTY's -9.70% return. Both investments have delivered pretty close results over the past 10 years, with IMVP having a 8.19% annualized return and NFTY not far behind at 8.13%.

IMVP

1D
-2.11%
1M
-2.53%
YTD
-16.08%
6M
-14.80%
1Y
-16.87%
3Y*
2.95%
5Y*
2.42%
10Y*
8.19%

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)

IMVP vs. NFTY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IMVP
Invesco India ETF		-16.08%1.30%9.07%22.82%-9.35%23.68%18.41%14.26%-7.55%38.51%
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 IMVP and NFTY is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.92

Correlation (3Y)
Calculated over the trailing 3-year period

0.87

Correlation (5Y)
Calculated over the trailing 5-year period

0.84

Correlation (10Y)
Calculated over the trailing 10-year period

0.67

Correlation (All Time)
Calculated using the full available price history since Feb 29, 2012

0.53

Over the past year, IMVP and NFTY have become more correlated (0.92) than their long-term average of 0.53, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco India ETF

First Trust India NIFTY 50 Equal Weight ETF

Often compared with IMVP:
IMVP vs. INDAIMVP vs. INDEIMVP vs. GLINIMVP vs. INDYIMVP vs. RSPIMVP vs. EPIIMVP vs. FLIN
Often compared with NFTY:
NFTY vs. SPYNFTY vs. INDYNFTY vs. TCS.NSNFTY vs. FLINNFTY vs. EPINFTY vs. QQQNFTY vs. ^BSE500

Return for Risk

IMVP vs. NFTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMVP
IMVP Risk / Return Rank: 11
Overall Rank
IMVP Sharpe Ratio Rank: 11
Sharpe Ratio Rank
IMVP Sortino Ratio Rank: 22
Sortino Ratio Rank
IMVP Omega Ratio Rank: 22
Omega Ratio Rank
IMVP Calmar Ratio Rank: 22
Calmar Ratio Rank
IMVP Martin Ratio Rank: 00
Martin Ratio Rank
NFTY
NFTY Risk / Return Rank: 33
Overall Rank
NFTY Sharpe Ratio Rank: 44
Sharpe Ratio Rank
NFTY Sortino Ratio Rank: 44
Sortino Ratio Rank
NFTY Omega Ratio Rank: 44
Omega Ratio Rank
NFTY Calmar Ratio Rank: 44
Calmar Ratio Rank
NFTY Martin Ratio Rank: 22
Martin Ratio Rank
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.

IMVP vs. NFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) 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.

IMVPNFTYDifference
Sharpe ratioReturn per unit of total volatility
-1.05
-0.58

-0.47

Sortino ratioReturn per unit of downside risk
-1.46
-0.78

-0.68

Omega ratioGain probability vs. loss probability

0.83

0.91

-0.08

Calmar ratioReturn relative to maximum drawdown

-0.79

-0.53

-0.26

Martin ratioReturn relative to average drawdown

-1.84

-1.39

-0.46

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMVP vs. NFTY - Sharpe Ratio Comparison

The current IMVP Sharpe Ratio is -1.05, which is lower than the NFTY Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of IMVP 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.

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Sharpe Ratios by Period

IMVPNFTYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.05

-0.58

-0.47

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.15

0.27

-0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.42

0.39

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.12

0.28

-0.16

Drawdowns

IMVP vs. NFTY - Drawdown Comparison

The maximum IMVP drawdown since its inception was -64.54%, which is greater than NFTY's maximum drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for IMVP and NFTY.

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Drawdown Indicators

IMVPNFTYDifference

Max Drawdown

Largest peak-to-trough decline

-64.54%

-47.67%

-16.87%

Max Drawdown (1Y)

Largest decline over 1 year

-21.44%

-16.14%

-5.30%

Max Drawdown (3Y)

Largest decline over 3 years

-25.80%

-21.55%

-4.25%

Max Drawdown (5Y)

Largest decline over 5 years

-25.80%

-21.55%

-4.25%

Max Drawdown (10Y)

Largest decline over 10 years

-39.69%

-47.67%

+7.98%

Current Drawdown

Current decline from peak

-23.71%

-17.45%

-6.26%

Average Drawdown

Average peak-to-trough decline

-16.70%

-9.58%

-7.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.16%

6.12%

+3.04%

Volatility

IMVP vs. NFTY - Volatility Comparison

Invesco India ETF (IMVP) has a higher volatility of 6.00% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 4.58%. This indicates that IMVP'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.

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Volatility by Period

IMVPNFTYDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.00%

4.58%

+1.42%

Volatility (6M)

Calculated over the trailing 6-month period

14.16%

12.57%

+1.59%

Volatility (1Y)

Calculated over the trailing 1-year period

16.17%

14.72%

+1.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.11%

17.39%

-1.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.59%

20.72%

-1.13%

IMVP vs. NFTY - Expense Ratio Comparison

IMVP has a 0.78% expense ratio, which is lower than NFTY's 0.80% expense ratio.

Dividends

IMVP vs. NFTY - Dividend Comparison

IMVP's dividend yield for the trailing twelve months is around 8.81%, more than NFTY's 1.96% yield.

PositionTTM20252024202320222021202020192018201720162015
IMVP
Invesco India ETF		8.81%7.39%8.48%2.08%14.07%6.95%0.72%36.35%0.96%1.01%1.18%0.61%
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

With a correlation of 0.92, IMVP and NFTY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

IMVP has higher volatility (6.00%) compared to NFTY (4.58%). In terms of maximum drawdown, IMVP dropped -64.54% vs NFTY's -47.67%.

On 10-year performance, IMVP leads with 8.19% vs 8.13% for NFTY. On fees, IMVP is cheaper at 0.78% 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.

Over the 10-year period, IMVP has performed better with a 8.19% return vs 8.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IMVP is cheaper with a 0.78% expense ratio, compared with 0.80% for NFTY.

IMVP has the higher dividend yield at 8.81%, compared with 1.96% for NFTY.

IMVP is categorized as Emerging Markets Equities, while NFTY is Asia Pacific Equities. IMVP tracks FTSE India Quality and Yield Select Index, while NFTY tracks NIFTY 50 Equal Weight Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.78% for IMVP and 0.80% for NFTY.

NFTY currently has the higher Sharpe Ratio (-0.58 vs -1.05), 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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