INDF vs. FBDC

Last updated Apr 2, 2026

Compare and contrast key facts about Nifty India Financials ETF (INDF) and FT Confluence BDC & Specialty Finance Income ETF (FBDC).

INDF and FBDC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INDF is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Nifty Financial Services 25/50 Index. It was launched on Oct 20, 2020. FBDC is an actively managed fund by First Trust. It was launched on Jun 30, 2025.

Performance

INDF vs. FBDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nifty India Financials ETF (INDF) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). The values are adjusted to include any dividend payments, if applicable.

INDF vs. FBDC - Yearly Performance Comparison

	2026 (YTD)	2025
INDF Nifty India Financials ETF	0.00%	-5.78%
FBDC FT Confluence BDC & Specialty Finance Income ETF	-9.87%	-2.43%

Returns By Period

INDF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBDC

• 1D: 2.30%
• 1M: 2.24%
• YTD: -9.87%
• 6M: -9.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INDF vs. FBDC - Expense Ratio Comparison

INDF has a 0.75% expense ratio, which is lower than FBDC's 13.69% expense ratio.

FBDC

FT Confluence BDC & Specialty Finance Income ETF

INDF

Nifty India Financials ETF

Return for Risk

INDF vs. FBDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nifty India Financials ETF (INDF) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	INDF	FBDC	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.91	—

Correlation

The correlation between INDF and FBDC is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

INDF vs. FBDC - Dividend Comparison

INDF's dividend yield for the trailing twelve months is around 21.29%, more than FBDC's 9.28% yield.

	TTM	2025	2024	2023	2022	2021
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%
FBDC FT Confluence BDC & Specialty Finance Income ETF	9.28%	5.41%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	INDF	FBDC	Difference
Max Drawdown Largest peak-to-trough decline	—	-20.60%	—
Current Drawdown Current decline from peak	—	-17.57%	—
Average Drawdown Average peak-to-trough decline	—	-9.11%	—

Volatility

Volatility by Period

	INDF	FBDC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	17.36%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.36%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.36%	—