LMBS vs. NFTY
LMBS (First Trust Low Duration Mortgage Opportunities ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - LMBS is a Mortgage Backed Securities fund actively managed by First Trust, while NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index. LMBS is actively managed, while NFTY is passively managed. Over the past 10 years, LMBS returned 2.67%/yr vs 8.36%/yr for NFTY. At a 0.02 correlation, their price movements are largely independent. LMBS charges 0.68%/yr vs 0.80%/yr for NFTY.
Performance
LMBS vs. NFTY - Performance Comparison
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Returns By Period
In the year-to-date period, LMBS achieves a 1.44% return, which is significantly higher than NFTY's -7.30% return. Over the past 10 years, LMBS has underperformed NFTY with an annualized return of 2.67%, while NFTY has yielded a comparatively higher 8.36% annualized return.
LMBS
- 1D
- 0.03%
- 1M
- 0.40%
- YTD
- 1.44%
- 6M
- 1.43%
- 1Y
- 5.52%
- 3Y*
- 5.80%
- 5Y*
- 3.11%
- 10Y*
- 2.67%
NFTY
- 1D
- -1.31%
- 1M
- 1.01%
- YTD
- -7.30%
- 6M
- -7.62%
- 1Y
- -6.58%
- 3Y*
- 6.30%
- 5Y*
- 5.79%
- 10Y*
- 8.36%
LMBS vs. NFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LMBS First Trust Low Duration Mortgage Opportunities ETF | 1.44% | 7.05% | 5.15% | 6.10% | -3.07% | -0.91% | 1.64% | 4.10% | 1.62% | 1.68% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | -7.30% | 5.47% | 5.18% | 24.00% | -3.46% | 26.83% | 10.04% | 0.58% | -1.51% | 21.78% |
Correlation
The correlation between LMBS and NFTY is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2014 | 0.02 |
Over the past year, LMBS and NFTY have become more correlated (0.30) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
LMBS vs. NFTY — Risk / Return Rank
LMBS
NFTY
LMBS vs. NFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Low Duration Mortgage Opportunities ETF (LMBS) 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.
| LMBS | NFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.31 | ||
| Sortino ratioReturn per unit of downside risk | +4.94 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 0.94 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 3.88 | -0.41 | +4.29 |
| Martin ratioReturn relative to average drawdown | 16.33 | -1.01 | +17.33 |
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Drawdowns
LMBS vs. NFTY - Drawdown Comparison
The maximum LMBS drawdown since its inception was -6.49%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for LMBS and NFTY.
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Drawdown Indicators
| LMBS | NFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.49% | -47.67% | +41.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | -16.14% | +14.71% |
Max Drawdown (3Y)Largest decline over 3 years | -1.72% | -21.55% | +19.83% |
Max Drawdown (5Y)Largest decline over 5 years | -6.06% | -21.55% | +15.49% |
Max Drawdown (10Y)Largest decline over 10 years | -6.49% | -47.67% | +41.18% |
Current DrawdownCurrent decline from peak | -0.17% | -15.26% | +15.09% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -9.60% | +8.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 6.56% | -6.22% |
Volatility
LMBS vs. NFTY - Volatility Comparison
The current volatility for First Trust Low Duration Mortgage Opportunities ETF (LMBS) is 0.54%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 4.23%. This indicates that LMBS 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.
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Volatility by Period
| LMBS | NFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 4.23% | -3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.47% | 12.75% | -11.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 14.75% | -12.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.57% | 17.41% | -14.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.35% | 20.72% | -18.37% |
LMBS vs. NFTY - Expense Ratio Comparison
LMBS has a 0.68% expense ratio, which is lower than NFTY's 0.80% expense ratio.
Dividends
LMBS vs. NFTY - Dividend Comparison
LMBS's dividend yield for the trailing twelve months is around 4.09%, more than NFTY's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LMBS First Trust Low Duration Mortgage Opportunities ETF | 4.09% | 4.08% | 4.28% | 3.96% | 2.22% | 2.04% | 2.27% | 2.55% | 2.76% | 2.73% | 2.84% | 3.03% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.91% | 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
LMBS and NFTY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFTY has higher volatility (4.23%) compared to LMBS (0.54%). In terms of maximum drawdown, LMBS dropped -6.49% vs NFTY's -47.67%.
On 10-year performance, NFTY leads with 8.36% vs 2.67% for LMBS. On fees, LMBS is cheaper at 0.68% per year. On volatility, LMBS has been the lower-risk option at 0.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NFTY has performed better with a 8.36% return vs 2.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LMBS is cheaper with a 0.68% expense ratio, compared with 0.80% for NFTY.
LMBS has the higher dividend yield at 4.09%, compared with 1.91% for NFTY.
LMBS is categorized as Mortgage Backed Securities, while NFTY is Asia Pacific Equities. Their fees differ too: 0.68% for LMBS and 0.80% for NFTY.
LMBS currently has the higher Sharpe Ratio (2.86 vs -0.45), 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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