NFTY vs. ^N225
NFTY (First Trust India NIFTY 50 Equal Weight ETF) is Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index, while ^N225 (Nikkei 225) is an index. Over the past 10 years, NFTY returned 8.70%/yr vs 11.10%/yr for ^N225. At a 0.11 correlation, their price movements are largely independent.
Performance
NFTY vs. ^N225 - Performance Comparison
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Different Trading Currencies
NFTY is traded in USD, while ^N225 is traded in JPY. To make them comparable, the ^N225 values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NFTY achieves a -6.80% return, which is significantly lower than ^N225's 32.90% return. Over the past 10 years, NFTY has underperformed ^N225 with an annualized return of 8.70%, while ^N225 has yielded a comparatively higher 11.10% annualized return.
NFTY
- 1D
- -0.41%
- 1M
- 1.28%
- YTD
- -6.80%
- 6M
- -6.38%
- 1Y
- -7.03%
- 3Y*
- 6.25%
- 5Y*
- 5.83%
- 10Y*
- 8.70%
^N225
- 1D
- 0.00%
- 1M
- 4.78%
- YTD
- 32.90%
- 6M
- 32.08%
- 1Y
- 59.47%
- 3Y*
- 23.71%
- 5Y*
- 10.26%
- 10Y*
- 11.10%
NFTY vs. ^N225 - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFTY First Trust India NIFTY 50 Equal Weight ETF | -6.80% | 5.47% | 5.18% | 24.00% | -3.46% | 26.83% | 10.04% | 0.58% | -1.51% | 21.78% |
^N225 Nikkei 225 | 32.90% | 26.56% | 7.17% | 19.21% | -20.48% | -5.90% | 22.42% | 19.73% | -10.20% | 23.76% |
Correlation
The correlation between NFTY and ^N225 is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2012 | 0.11 |
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Return for Risk
NFTY vs. ^N225 — Risk / Return Rank
NFTY
^N225
NFTY vs. ^N225 - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust India NIFTY 50 Equal Weight ETF (NFTY) and Nikkei 225 (^N225). 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.
| NFTY | ^N225 | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.75 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.37 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 3.99 | -4.43 |
| Martin ratioReturn relative to average drawdown | -1.07 | 12.69 | -13.76 |
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Drawdowns
NFTY vs. ^N225 - Drawdown Comparison
The maximum NFTY drawdown since its inception was -47.67%, smaller than the maximum ^N225 drawdown of -52.46%. Use the drawdown chart below to compare losses from any high point for NFTY and ^N225.
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Drawdown Indicators
| NFTY | ^N225 | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.67% | -52.46% | +4.79% |
Max Drawdown (1Y)Largest decline over 1 year | -16.14% | -14.75% | -1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -21.55% | -24.78% | +3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -21.55% | -36.26% | +14.71% |
Max Drawdown (10Y)Largest decline over 10 years | -47.67% | -37.97% | -9.70% |
Current DrawdownCurrent decline from peak | -14.80% | -4.52% | -10.28% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -13.67% | +4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.60% | 4.55% | +2.05% |
Volatility
NFTY vs. ^N225 - Volatility Comparison
The current volatility for First Trust India NIFTY 50 Equal Weight ETF (NFTY) is 4.34%, while Nikkei 225 (^N225) has a volatility of 9.50%. This indicates that NFTY experiences smaller price fluctuations and is considered to be less risky than ^N225 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFTY | ^N225 | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 9.50% | -5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.64% | 21.58% | -8.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 26.53% | -11.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 23.92% | -6.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 21.58% | -0.87% |
Frequently Asked Questions
NFTY and ^N225 have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^N225 has higher volatility (9.50%) compared to NFTY (4.34%). In terms of maximum drawdown, NFTY dropped -47.67% vs ^N225's -52.46%.
^N225 currently has the higher Sharpe Ratio (2.23 vs -0.48), 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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