NFTY vs. ^NDX

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust India NIFTY 50 Equal Weight ETF (NFTY) and NASDAQ 100 Index (^NDX).

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. ^NDX - 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 NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

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	-11.54%	5.47%	5.18%	24.00%	-3.46%	26.83%	10.04%	0.58%	-1.51%	21.78%
^NDX NASDAQ 100 Index	-4.87%	20.17%	24.88%	53.81%	-32.97%	26.63%	47.58%	37.96%	-1.04%	31.52%

Returns By Period

In the year-to-date period, NFTY achieves a -11.54% return, which is significantly lower than ^NDX's -4.87% return. Over the past 10 years, NFTY has underperformed ^NDX with an annualized return of 7.60%, while ^NDX has yielded a comparatively higher 18.15% 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%

^NDX

• 1D: 1.18%
• 1M: -3.89%
• YTD: -4.87%
• 6M: -3.15%
• 1Y: 23.58%
• 3Y*: 22.14%
• 5Y*: 12.50%
• 10Y*: 18.15%

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

Return for Risk

NFTY vs. ^NDX — 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

^NDX

^NDX Risk / Return Rank: 76
^NDX Sharpe Ratio Rank: 70
^NDX Sortino Ratio Rank: 74
^NDX Omega Ratio Rank: 74
^NDX Calmar Ratio Rank: 81
^NDX Martin Ratio Rank: 80

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. ^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.

	NFTY	^NDX	Difference
Sharpe ratio Return per unit of total volatility	-0.36	1.04	-1.40
Sortino ratio Return per unit of downside risk	-0.43	1.62	-2.05
Omega ratio Gain probability vs. loss probability	0.95	1.23	-0.28
Calmar ratio Return relative to maximum drawdown	-0.39	1.93	-2.32
Martin ratio Return relative to average drawdown	-1.37	7.05	-8.42
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. ^NDX - Sharpe Ratio Comparison

The current NFTY Sharpe Ratio is -0.36, which is lower than the ^NDX Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of NFTY and ^NDX, 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	^NDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.36	1.04	-1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.56	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.81	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.55	-0.28

Correlation

The correlation between NFTY and ^NDX is 0.30, 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. ^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.

Drawdown Indicators

	NFTY	^NDX	Difference
Max Drawdown Largest peak-to-trough decline	-47.67%	-82.90%	+35.23%
Max Drawdown (1Y) Largest decline over 1 year	-16.14%	-12.72%	-3.42%
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 Drawdown Current decline from peak	-19.14%	-8.04%	-11.10%
Average Drawdown Average peak-to-trough decline	-9.51%	-24.72%	+15.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	3.49%	+1.10%

Volatility

NFTY vs. ^NDX - Volatility Comparison

First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a higher volatility of 7.42% compared to NASDAQ 100 Index (^NDX) at 6.65%. This indicates that NFTY's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFTY	^NDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.42%	6.65%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	11.42%	12.93%	-1.51%
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	22.77%	-6.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.53%	22.61%	-5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.72%	22.48%	-1.76%