INDY vs. NFTY
Compare and contrast key facts about iShares India 50 ETF (INDY) and First Trust India NIFTY 50 Equal Weight ETF (NFTY).
INDY and NFTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INDY is a passively managed fund by iShares that tracks the performance of the S&P CNX Nifty Index. It was launched on Nov 18, 2009. NFTY is a passively managed fund by First Trust that tracks the performance of the NIFTY 50 Equal Weight Index. It was launched on Feb 14, 2012. Both INDY and NFTY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INDY or NFTY.
Performance
INDY vs. NFTY - Performance Comparison
Returns By Period
In the year-to-date period, INDY achieves a 4.41% return, which is significantly lower than NFTY's 7.38% return. Over the past 10 years, INDY has underperformed NFTY with an annualized return of 6.48%, while NFTY has yielded a comparatively higher 7.34% annualized return.
INDY
4.41%
-6.05%
1.34%
13.43%
8.96%
6.48%
NFTY
7.38%
-7.34%
0.85%
17.58%
12.83%
7.34%
Key characteristics
| INDY | NFTY | |
|---|---|---|
| Sharpe Ratio | 1.00 | 1.15 |
| Sortino Ratio | 1.38 | 1.60 |
| Omega Ratio | 1.19 | 1.22 |
| Calmar Ratio | 1.31 | 1.56 |
| Martin Ratio | 4.84 | 5.95 |
| Ulcer Index | 2.77% | 3.02% |
| Daily Std Dev | 13.38% | 15.63% |
| Max Drawdown | -44.74% | -47.67% |
| Current Drawdown | -10.25% | -11.51% |
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INDY vs. NFTY - Expense Ratio Comparison
INDY has a 0.94% expense ratio, which is higher than NFTY's 0.80% expense ratio.
Correlation
The correlation between INDY and NFTY is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
INDY vs. NFTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares India 50 ETF (INDY) 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.
Dividends
INDY vs. NFTY - Dividend Comparison
INDY's dividend yield for the trailing twelve months is around 0.31%, more than NFTY's 0.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDY iShares India 50 ETF | 0.31% | 0.39% | 3.75% | 7.12% | 0.08% | 0.58% | 0.59% | 0.27% | 0.48% | 0.57% | 0.52% | 0.77% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 0.24% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.40% | 0.52% | 1.72% |
Drawdowns
INDY vs. NFTY - Drawdown Comparison
The maximum INDY drawdown since its inception was -44.74%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for INDY and NFTY. For additional features, visit the drawdowns tool.
Volatility
INDY vs. NFTY - Volatility Comparison
The current volatility for iShares India 50 ETF (INDY) is 2.99%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 4.24%. This indicates that INDY 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.