NFTY vs. ^N225

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust India NIFTY 50 Equal Weight ETF (NFTY) and Nikkei 225 (^N225).

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.

Performance

NFTY vs. ^N225 - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust India NIFTY 50 Equal Weight ETF (NFTY) and Nikkei 225 (^N225). The values are adjusted to include any dividend payments, if applicable.

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	-11.54%	5.47%	5.18%	24.00%	-3.46%	26.83%	10.04%	0.58%	-1.51%	21.78%
^N225 Nikkei 225	-0.20%	26.56%	7.17%	19.21%	-20.48%	-5.90%	22.42%	19.73%	-10.20%	23.76%

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 -11.54% return, which is significantly lower than ^N225's -0.06% return. Over the past 10 years, NFTY has underperformed ^N225 with an annualized return of 7.60%, while ^N225 has yielded a comparatively higher 8.30% annualized return.

NFTY

• 1D: -0.40%
• 1M: -8.21%
• YTD: -11.54%
• 6M: -8.94%
• 1Y: -5.66%
• 3Y*: 8.12%
• 5Y*: 5.79%
• 10Y*: 7.60%

^N225

• 1D: 0.00%
• 1M: -12.84%
• YTD: -0.06%
• 6M: 6.16%
• 1Y: 35.11%
• 3Y*: 14.74%
• 5Y*: 3.57%
• 10Y*: 8.30%

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

Return for Risk

NFTY vs. ^N225 — Risk / Return Rank

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

NFTY

NFTY Risk / Return Rank: 5
NFTY Sharpe Ratio Rank: 6
NFTY Sortino Ratio Rank: 5
NFTY Omega Ratio Rank: 5
NFTY Calmar Ratio Rank: 6
NFTY Martin Ratio Rank: 2

^N225

^N225 Risk / Return Rank: 92
^N225 Sharpe Ratio Rank: 94
^N225 Sortino Ratio Rank: 97
^N225 Omega Ratio Rank: 94
^N225 Calmar Ratio Rank: 87
^N225 Martin Ratio Rank: 87

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.

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.

	NFTY	^N225	Difference
Sharpe ratio Return per unit of total volatility	-0.36	1.25	-1.61
Sortino ratio Return per unit of downside risk	-0.43	1.91	-2.34
Omega ratio Gain probability vs. loss probability	0.95	1.25	-0.29
Calmar ratio Return relative to maximum drawdown	-0.39	1.74	-2.13
Martin ratio Return relative to average drawdown	-1.37	6.12	-7.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NFTY vs. ^N225 - Sharpe Ratio Comparison

The current NFTY Sharpe Ratio is -0.36, which is lower than the ^N225 Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of NFTY and ^N225, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NFTY	^N225	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.36	1.25	-1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.16	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.40	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.19	+0.08

Correlation

The correlation between NFTY and ^N225 is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

NFTY vs. ^N225 - Drawdown Comparison

The maximum NFTY drawdown since its inception was -47.67%, smaller than the maximum ^N225 drawdown of -52.37%. Use the drawdown chart below to compare losses from any high point for NFTY and ^N225.

Drawdown Indicators

	NFTY	^N225	Difference
Max Drawdown Largest peak-to-trough decline	-47.67%	-81.87%	+34.20%
Max Drawdown (1Y) Largest decline over 1 year	-16.14%	-13.23%	-2.91%
Max Drawdown (5Y) Largest decline over 5 years	-21.55%	-26.26%	+4.71%
Max Drawdown (10Y) Largest decline over 10 years	-47.67%	-31.80%	-15.87%
Current Drawdown Current decline from peak	-19.14%	-7.92%	-11.22%
Average Drawdown Average peak-to-trough decline	-9.51%	-34.31%	+24.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	4.61%	-0.02%

Volatility

NFTY vs. ^N225 - Volatility Comparison

The current volatility for First Trust India NIFTY 50 Equal Weight ETF (NFTY) is 7.42%, while Nikkei 225 (^N225) has a volatility of 9.66%. 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.

Volatility by Period

	NFTY	^N225	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.42%	9.66%	-2.24%
Volatility (6M) Calculated over the trailing 6-month period	11.42%	18.72%	-7.30%
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	28.11%	-12.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.53%	23.18%	-5.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.72%	21.27%	-0.55%