NFTY vs. ^NDX
NFTY (First Trust India NIFTY 50 Equal Weight ETF) is India Equities fund tracking the NIFTY 50 Equal Weight Index, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, NFTY returned 7.63%/yr vs 20.03%/yr for ^NDX. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
NFTY vs. ^NDX - Performance Comparison
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Returns By Period
In the year-to-date period, NFTY achieves a -4.28% return, which is significantly lower than ^NDX's 17.76% return. Over the past 10 years, NFTY has underperformed ^NDX with an annualized return of 7.63%, while ^NDX has yielded a comparatively higher 20.03% annualized return.
NFTY
- 1D
- 0.84%
- 1M
- 2.61%
- 6M
- -3.38%
- YTD
- -4.28%
- 1Y
- -0.22%
- 3Y*
- 6.73%
- 5Y*
- 5.88%
- 10Y*
- 7.63%
- ALL TIME*
- 6.12%
^NDX
- 1D
- 3.32%
- 1M
- 1.38%
- 6M
- 17.34%
- YTD
- 17.76%
- 1Y
- 28.22%
- 3Y*
- 24.86%
- 5Y*
- 14.39%
- 10Y*
- 20.03%
- ALL TIME*
- 14.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^NDX NASDAQ 100 Index | $228.62T | $225.98T | $284.18T |
| $2.51M | $1.71M | $1.63M |
NFTY vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFTY First Trust India NIFTY 50 Equal Weight ETF | -4.28% | 5.47% | 5.18% | 24.00% | -3.46% | 26.83% | 10.04% | 0.58% | -1.51% | 21.78% |
^NDX NASDAQ 100 Index | 17.76% | 20.17% | 24.88% | 53.81% | -32.97% | 26.63% | 47.58% | 37.96% | -1.04% | 31.52% |
Correlation
The correlation between NFTY and ^NDX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2012 | 0.31 |
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Return for Risk
NFTY vs. ^NDX — Risk / Return Rank
NFTY
^NDX
NFTY vs. ^NDX - 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 NASDAQ 100 Index (^NDX). 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 | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 2.34 | -2.35 |
| Martin ratioReturn relative to average drawdown | -0.03 | 7.41 | -7.44 |
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Drawdowns
NFTY vs. ^NDX - Drawdown Comparison
The maximum NFTY drawdown since its inception was -47.67%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for NFTY and ^NDX.
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Drawdown Indicators
| NFTY | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.67% | -82.90% | +35.23% |
Max Drawdown (1Y)Largest decline over 1 year | -16.14% | -12.12% | -4.02% |
Max Drawdown (3Y)Largest decline over 3 years | -21.55% | -22.93% | +1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -21.55% | -35.56% | +14.01% |
Max Drawdown (10Y)Largest decline over 10 years | -47.67% | -35.56% | -12.11% |
Current DrawdownCurrent decline from peak | -12.50% | -3.02% | -9.48% |
Average DrawdownAverage peak-to-trough decline | -9.65% | -24.54% | +14.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.00% | 3.82% | +3.18% |
Volatility
NFTY vs. ^NDX - Volatility Comparison
The current volatility for First Trust India NIFTY 50 Equal Weight ETF (NFTY) is 3.63%, while NASDAQ 100 Index (^NDX) has a volatility of 7.60%. This indicates that NFTY experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFTY | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 7.60% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 12.22% | 16.32% | -4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.87% | 19.60% | -4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.42% | 23.16% | -5.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.65% | 22.76% | -2.11% |
Frequently Asked Questions
NFTY and ^NDX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^NDX has higher volatility (7.60%) compared to NFTY (3.63%). In terms of maximum drawdown, NFTY dropped -47.67% vs ^NDX's -82.90%.
^NDX currently has the higher Sharpe Ratio (1.45 vs -0.01), 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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