NFTY vs. IBIC
NFTY (First Trust India NIFTY 50 Equal Weight ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, NFTY returned -4.69% vs 4.38% for IBIC. At a correlation of -0.04, they often move in opposite directions. NFTY charges 0.80%/yr vs 0.10%/yr for IBIC.
Performance
NFTY vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, NFTY achieves a -6.07% return, which is significantly lower than IBIC's 2.39% return.
NFTY
- 1D
- 0.94%
- 1M
- 2.35%
- YTD
- -6.07%
- 6M
- -6.17%
- 1Y
- -4.69%
- 3Y*
- 6.77%
- 5Y*
- 6.14%
- 10Y*
- 8.50%
IBIC
- 1D
- 0.06%
- 1M
- 0.08%
- YTD
- 2.39%
- 6M
- 2.49%
- 1Y
- 4.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFTY vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NFTY First Trust India NIFTY 50 Equal Weight ETF | -6.07% | 5.47% | 5.18% | 9.67% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.39% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between NFTY and IBIC is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.04 |
Over the past year, the inverse relationship between NFTY and IBIC has strengthened: their correlation has moved from -0.04 to -0.27, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
NFTY vs. IBIC — Risk / Return Rank
NFTY
IBIC
NFTY vs. IBIC - 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 iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.26 | ||
| Sortino ratioReturn per unit of downside risk | -9.27 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 2.21 | -1.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 16.41 | -16.71 |
| Martin ratioReturn relative to average drawdown | -0.72 | 58.11 | -58.83 |
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Drawdowns
NFTY vs. IBIC - Drawdown Comparison
The maximum NFTY drawdown since its inception was -47.67%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for NFTY and IBIC.
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Drawdown Indicators
| NFTY | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.67% | -0.90% | -46.77% |
Max Drawdown (1Y)Largest decline over 1 year | -16.14% | -0.27% | -15.87% |
Max Drawdown (3Y)Largest decline over 3 years | -21.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.67% | — | — |
Current DrawdownCurrent decline from peak | -14.13% | -0.11% | -14.02% |
Average DrawdownAverage peak-to-trough decline | -9.60% | -0.10% | -9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.53% | 0.08% | +6.45% |
Volatility
NFTY vs. IBIC - Volatility Comparison
First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a higher volatility of 3.99% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.16%. This indicates that NFTY's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFTY | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 0.16% | +3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 0.67% | +12.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.73% | 0.89% | +13.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 1.57% | +15.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 1.57% | +19.14% |
NFTY vs. IBIC - Expense Ratio Comparison
NFTY has a 0.80% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
NFTY vs. IBIC - Dividend Comparison
NFTY's dividend yield for the trailing twelve months is around 1.88%, less than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.88% | 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 IBIC have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFTY has higher volatility (3.99%) compared to IBIC (0.16%). In terms of maximum drawdown, NFTY dropped -47.67% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.38% vs -4.69% for NFTY. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.38% return vs -4.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.80% for NFTY.
IBIC has the higher dividend yield at 3.59%, compared with 1.88% for NFTY.
NFTY is categorized as Asia Pacific Equities, while IBIC is Inflation-Protected Bonds. NFTY tracks NIFTY 50 Equal Weight Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.80% for NFTY and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.94 vs -0.32), 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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