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NFTY vs. EPP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NFTY vs. EPP

Last updated Jun 24, 2026

NFTY (First Trust India NIFTY 50 Equal Weight ETF) and EPP (iShares MSCI Pacific ex Japan ETF) are both Asia Pacific Equities funds - NFTY tracks the NIFTY 50 Equal Weight Index while EPP tracks the MSCI Pacific ex-Japan Index. Both are passively managed. Over the past 10 years, NFTY returned 8.36%/yr vs 7.62%/yr for EPP. At a 0.37 correlation, their price movements are largely independent. NFTY charges 0.80%/yr vs 0.48%/yr for EPP.

Performance

NFTY vs. EPP - 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 iShares MSCI Pacific ex Japan ETF (EPP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NFTY achieves a -7.30% return, which is significantly lower than EPP's 6.84% return. Over the past 10 years, NFTY has outperformed EPP with an annualized return of 8.36%, while EPP has yielded a comparatively lower 7.62% annualized return.

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%

EPP

1D
-1.34%
1M
-1.93%
YTD
6.84%
6M
5.29%
1Y
13.95%
3Y*
12.66%
5Y*
4.60%
10Y*
7.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NFTY vs. EPP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
EPP
iShares MSCI Pacific ex Japan ETF		6.84%19.70%4.76%5.76%-6.59%4.26%6.04%18.30%-10.78%26.05%

Correlation

The correlation between NFTY and EPP is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.45

Correlation (10Y)
Calculated over the trailing 10-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2012

0.37

NFTY vs. EPP - Sectors Allocation Comparison

Sectors
NFTY
EPP

Financial Services

20.9%
44.9%

Consumer Cyclical

16.6%
6.2%

Basic Materials

13.1%
17.0%

Healthcare

9.9%
3.3%

Technology

9.0%
1.0%

Energy

8.5%
2.7%

Industrials

8.5%
8.5%

Consumer Defensive

8.1%
2.9%

Utilities

3.7%
3.5%

Communication Services

1.9%
2.6%

Real Estate

-

7.4%

Financial Services

NFTY
20.9%
EPP
44.9%

Consumer Cyclical

NFTY
16.6%
EPP
6.2%

Basic Materials

NFTY
13.1%
EPP
17.0%

Healthcare

NFTY
9.9%
EPP
3.3%

Technology

NFTY
9.0%
EPP
1.0%

Energy

NFTY
8.5%
EPP
2.7%

Industrials

NFTY
8.5%
EPP
8.5%

Consumer Defensive

NFTY
8.1%
EPP
2.9%

Utilities

NFTY
3.7%
EPP
3.5%

Communication Services

NFTY
1.9%
EPP
2.6%

Real Estate

NFTY

-

EPP
7.4%

Compare stocks, funds, or ETFs

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First Trust India NIFTY 50 Equal Weight ETF

iShares MSCI Pacific ex Japan ETF

Often compared with NFTY:
NFTY vs. SPYNFTY vs. INDYNFTY vs. TCS.NSNFTY vs. FLINNFTY vs. EPINFTY vs. QQQNFTY vs. ^BSE500
Often compared with EPP:
EPP vs. EWTEPP vs. AAXJEPP vs. BBAXEPP vs. EWHEPP vs. AIAEPP vs. EWYEPP vs. VPL

Return for Risk

NFTY vs. EPP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NFTY
NFTY Risk / Return Rank: 55
Overall Rank
NFTY Sharpe Ratio Rank: 55
Sharpe Ratio Rank
NFTY Sortino Ratio Rank: 55
Sortino Ratio Rank
NFTY Omega Ratio Rank: 55
Omega Ratio Rank
NFTY Calmar Ratio Rank: 55
Calmar Ratio Rank
NFTY Martin Ratio Rank: 44
Martin Ratio Rank
EPP
EPP Risk / Return Rank: 2929
Overall Rank
EPP Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
EPP Sortino Ratio Rank: 2626
Sortino Ratio Rank
EPP Omega Ratio Rank: 2626
Omega Ratio Rank
EPP Calmar Ratio Rank: 3434
Calmar Ratio Rank
EPP Martin Ratio Rank: 3434
Martin Ratio Rank
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. EPP - 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 iShares MSCI Pacific ex Japan ETF (EPP). 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.

NFTYEPPDifference
Sharpe ratioReturn per unit of total volatility
-0.45
0.92

-1.37

Sortino ratioReturn per unit of downside risk
-0.58
1.36

-1.94

Omega ratioGain probability vs. loss probability

0.94

1.17

-0.24

Calmar ratioReturn relative to maximum drawdown

-0.41

1.59

-2.00

Martin ratioReturn relative to average drawdown

-1.01

4.68

-5.69

NFTY vs. EPP - Sharpe Ratio Comparison

The current NFTY Sharpe Ratio is -0.45, which is lower than the EPP Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of NFTY and EPP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

NFTY vs. EPP - Drawdown Comparison

The maximum NFTY drawdown since its inception was -47.67%, smaller than the maximum EPP drawdown of -66.01%. Use the drawdown chart below to compare losses from any high point for NFTY and EPP.

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Drawdown Indicators

NFTYEPPDifference

Max Drawdown

Largest peak-to-trough decline

-47.67%

-66.01%

+18.34%

Max Drawdown (1Y)

Largest decline over 1 year

-16.14%

-8.79%

-7.35%

Max Drawdown (3Y)

Largest decline over 3 years

-21.55%

-19.29%

-2.26%

Max Drawdown (5Y)

Largest decline over 5 years

-21.55%

-24.79%

+3.24%

Max Drawdown (10Y)

Largest decline over 10 years

-47.67%

-39.30%

-8.37%

Current Drawdown

Current decline from peak

-15.26%

-5.22%

-10.04%

Average Drawdown

Average peak-to-trough decline

-9.60%

-10.61%

+1.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.56%

2.99%

+3.57%

Volatility

NFTY vs. EPP - Volatility Comparison

The current volatility for First Trust India NIFTY 50 Equal Weight ETF (NFTY) is 4.23%, while iShares MSCI Pacific ex Japan ETF (EPP) has a volatility of 5.38%. This indicates that NFTY experiences smaller price fluctuations and is considered to be less risky than EPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NFTYEPPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.23%

5.38%

-1.15%

Volatility (6M)

Calculated over the trailing 6-month period

12.75%

12.79%

-0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

14.75%

15.18%

-0.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.41%

17.52%

-0.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.72%

19.06%

+1.66%

NFTY vs. EPP - Expense Ratio Comparison

NFTY has a 0.80% expense ratio, which is higher than EPP's 0.48% expense ratio.

Dividends

NFTY vs. EPP - Dividend Comparison

NFTY's dividend yield for the trailing twelve months is around 1.91%, less than EPP's 3.52% yield.

PositionTTM20252024202320222021202020192018201720162015
EPP
iShares MSCI Pacific ex Japan ETF		3.52%3.77%3.81%4.10%4.37%4.58%2.28%3.89%5.00%4.15%3.96%4.90%
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

NFTY and EPP have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EPP has higher volatility (5.38%) compared to NFTY (4.23%). In terms of maximum drawdown, NFTY dropped -47.67% vs EPP's -66.01%.

On 10-year performance, NFTY leads with 8.36% vs 7.62% for EPP. On fees, EPP is cheaper at 0.48% per year. On volatility, NFTY has been the lower-risk option at 4.23%. 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 7.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EPP is cheaper with a 0.48% expense ratio, compared with 0.80% for NFTY.

EPP has the higher dividend yield at 3.52%, compared with 1.91% for NFTY.

NFTY tracks NIFTY 50 Equal Weight Index, while EPP tracks MSCI Pacific ex-Japan Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.80% for NFTY and 0.48% for EPP.

EPP currently has the higher Sharpe Ratio (0.92 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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