NFTY vs. FLIN
Compare and contrast key facts about First Trust India NIFTY 50 Equal Weight ETF (NFTY) and Franklin FTSE India ETF (FLIN).
NFTY and FLIN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FLIN is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE India RIC Capped Index. It was launched on Feb 6, 2018. Both NFTY and FLIN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NFTY or FLIN.
Performance
NFTY vs. FLIN - Performance Comparison
Returns By Period
In the year-to-date period, NFTY achieves a 7.38% return, which is significantly lower than FLIN's 9.90% return.
NFTY
7.38%
-7.34%
0.85%
17.58%
12.83%
7.34%
FLIN
9.90%
-7.05%
1.11%
19.92%
12.24%
N/A
Key characteristics
| NFTY | FLIN | |
|---|---|---|
| Sharpe Ratio | 1.15 | 1.35 |
| Sortino Ratio | 1.60 | 1.76 |
| Omega Ratio | 1.22 | 1.27 |
| Calmar Ratio | 1.56 | 1.91 |
| Martin Ratio | 5.95 | 7.29 |
| Ulcer Index | 3.02% | 2.73% |
| Daily Std Dev | 15.63% | 14.81% |
| Max Drawdown | -47.67% | -41.90% |
| Current Drawdown | -11.51% | -10.44% |
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NFTY vs. FLIN - Expense Ratio Comparison
NFTY has a 0.80% expense ratio, which is higher than FLIN's 0.19% expense ratio.
Correlation
The correlation between NFTY and FLIN is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
NFTY vs. FLIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust India NIFTY 50 Equal Weight ETF (NFTY) and Franklin FTSE India ETF (FLIN). 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.
Dividends
NFTY vs. FLIN - Dividend Comparison
NFTY's dividend yield for the trailing twelve months is around 0.24%, less than FLIN's 1.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFTY First Trust India NIFTY 50 Equal Weight ETF | 0.24% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.40% | 0.52% | 1.72% |
FLIN Franklin FTSE India ETF | 1.60% | 0.73% | 0.73% | 2.26% | 0.69% | 0.90% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NFTY vs. FLIN - Drawdown Comparison
The maximum NFTY drawdown since its inception was -47.67%, which is greater than FLIN's maximum drawdown of -41.90%. Use the drawdown chart below to compare losses from any high point for NFTY and FLIN. For additional features, visit the drawdowns tool.
Volatility
NFTY vs. FLIN - Volatility Comparison
First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a higher volatility of 4.24% compared to Franklin FTSE India ETF (FLIN) at 3.28%. This indicates that NFTY's price experiences larger fluctuations and is considered to be riskier than FLIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.