JANM vs. NFTY

Last updated Jun 23, 2026

JANM (FT Vest U.S. Equity Max Buffer ETF - January) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - JANM is a Defined Outcome fund actively managed by First Trust, while NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index. JANM is actively managed, while NFTY is passively managed. Over the past year, JANM returned 7.67% vs -4.69% for NFTY. At a 0.41 correlation, their price movements are largely independent. JANM charges 0.85%/yr vs 0.80%/yr for NFTY.

Performance

JANM vs. NFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Max Buffer ETF - January (JANM) 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, JANM achieves a 2.47% return, which is significantly higher than NFTY's -6.07% return.

JANM

• 1D: -0.04%
• 1M: 0.24%
• YTD: 2.47%
• 6M: 2.70%
• 1Y: 7.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NFTY

• 1D: 0.94%
• 1M: 2.35%
• YTD: -6.07%
• 6M: -6.17%
• 1Y: -4.69%
• 3Y*: 6.77%
• 5Y*: 6.14%
• 10Y*: 8.50%

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

JANM vs. NFTY - Yearly Performance Comparison

	2026 (YTD)	2025
JANM FT Vest U.S. Equity Max Buffer ETF - January	2.47%	6.18%
NFTY First Trust India NIFTY 50 Equal Weight ETF	-6.07%	7.37%

Correlation

The correlation between JANM and NFTY is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jan 21, 2025	0.41

Return for Risk

JANM vs. NFTY — Risk / Return Rank

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

JANM

JANM Risk / Return Rank: 92
JANM Sharpe Ratio Rank: 93
JANM Sortino Ratio Rank: 95
JANM Omega Ratio Rank: 95
JANM Calmar Ratio Rank: 85
JANM Martin Ratio Rank: 94

NFTY

NFTY Risk / Return Rank: 6
NFTY Sharpe Ratio Rank: 6
NFTY Sortino Ratio Rank: 5
NFTY Omega Ratio Rank: 5
NFTY Calmar Ratio Rank: 6
NFTY Martin Ratio Rank: 5

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.

JANM vs. NFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Max Buffer ETF - January (JANM) 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.

	JANM	NFTY	Difference
Sharpe ratio: Return per unit of total volatility	3.22	-0.32	+3.55
Sortino ratio: Return per unit of downside risk	5.00	-0.38	+5.38
Omega ratio: Gain probability vs. loss probability	1.73	0.96	+0.77
Calmar ratio: Return relative to maximum drawdown	4.54	-0.29	+4.83
Martin ratio: Return relative to average drawdown	24.47	-0.72	+25.19

JANM vs. NFTY - Sharpe Ratio Comparison

The current JANM Sharpe Ratio is 3.22, which is higher than the NFTY Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of JANM 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.

Drawdowns

JANM vs. NFTY - Drawdown Comparison

The maximum JANM drawdown since its inception was -2.83%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for JANM and NFTY.

Drawdown Indicators

	JANM	NFTY	Difference
Max Drawdown Largest peak-to-trough decline	-2.83%	-47.67%	+44.84%
Max Drawdown (1Y) Largest decline over 1 year	-1.70%	-16.14%	+14.44%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.67%	—
Current Drawdown Current decline from peak	-0.13%	-14.13%	+14.00%
Average Drawdown Average peak-to-trough decline	-0.35%	-9.60%	+9.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	6.53%	-6.22%

Volatility

JANM vs. NFTY - Volatility Comparison

The current volatility for FT Vest U.S. Equity Max Buffer ETF - January (JANM) is 0.73%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 3.99%. This indicates that JANM 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.

Volatility by Period

	JANM	NFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	3.99%	-3.26%
Volatility (6M) Calculated over the trailing 6-month period	1.92%	12.70%	-10.78%
Volatility (1Y) Calculated over the trailing 1-year period	2.39%	14.73%	-12.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.91%	17.40%	-14.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.91%	20.71%	-17.80%

JANM vs. NFTY - Expense Ratio Comparison

JANM has a 0.85% expense ratio, which is higher than NFTY's 0.80% expense ratio.

Dividends

JANM vs. NFTY - Dividend Comparison

JANM has not paid dividends to shareholders, while NFTY's dividend yield for the trailing twelve months is around 1.88%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JANM FT Vest U.S. Equity Max Buffer ETF - January	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NFTY First Trust India NIFTY 50 Equal Weight ETF	1.88%	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 JANM and NFTY in my portfolio?

JANM and NFTY have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JANM or NFTY?

NFTY has higher volatility (3.99%) compared to JANM (0.73%). In terms of maximum drawdown, JANM dropped -2.83% vs NFTY's -47.67%.

Which ETF is better, JANM or NFTY?

On 1-year performance, JANM leads with 7.67% vs -4.69% for NFTY. On fees, NFTY is cheaper at 0.80% per year. On volatility, JANM has been the lower-risk option at 0.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JANM or NFTY?

Over the 1-year period, JANM has performed better with a 7.67% return vs -4.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JANM or NFTY?

NFTY is cheaper with a 0.80% expense ratio, compared with 0.85% for JANM.

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

NFTY has the higher dividend yield at 1.88%, compared with 0.00% for JANM.

What is the main difference between JANM and NFTY?

JANM is categorized as Defined Outcome, while NFTY is Asia Pacific Equities. Their fees differ too: 0.85% for JANM and 0.80% for NFTY.

Which has better risk-adjusted returns?

JANM currently has the higher Sharpe Ratio (3.22 vs -0.32), 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.