NFTY vs. IGLD
NFTY (First Trust India NIFTY 50 Equal Weight ETF) and IGLD (FT Cboe Vest Gold Strategy Target Income ETF) are both exchange-traded funds - NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index, while IGLD is a Precious Metals fund actively managed by First Trust. NFTY is passively managed, while IGLD is actively managed. Over the past 5 years, NFTY returned 4.62%/yr vs 13.02%/yr for IGLD. At a 0.19 correlation, their price movements are largely independent. NFTY charges 0.80%/yr vs 0.85%/yr for IGLD.
Performance
NFTY vs. IGLD - Performance Comparison
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Returns By Period
In the year-to-date period, NFTY achieves a -9.70% return, which is significantly lower than IGLD's 1.69% return.
NFTY
- 1D
- -1.34%
- 1M
- -1.64%
- YTD
- -9.70%
- 6M
- -7.99%
- 1Y
- -8.48%
- 3Y*
- 5.72%
- 5Y*
- 4.62%
- 10Y*
- 8.13%
IGLD
- 1D
- -0.81%
- 1M
- -1.33%
- YTD
- 1.69%
- 6M
- 4.44%
- 1Y
- 24.53%
- 3Y*
- 23.01%
- 5Y*
- 13.02%
- 10Y*
- —
NFTY vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NFTY First Trust India NIFTY 50 Equal Weight ETF | -9.70% | 5.47% | 5.18% | 24.00% | -3.46% | 12.12% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 1.69% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
Correlation
The correlation between NFTY and IGLD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021 | 0.19 |
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Return for Risk
NFTY vs. IGLD — Risk / Return Rank
NFTY
IGLD
NFTY vs. IGLD - 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 FT Cboe Vest Gold Strategy Target Income ETF (IGLD). 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 | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.22 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 1.40 | -1.93 |
| Martin ratioReturn relative to average drawdown | -1.39 | 3.82 | -5.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NFTY | IGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.58 | 1.06 | -1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.86 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.94 | -0.66 |
Drawdowns
NFTY vs. IGLD - Drawdown Comparison
The maximum NFTY drawdown since its inception was -47.67%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for NFTY and IGLD.
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Drawdown Indicators
| NFTY | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.67% | -18.59% | -29.08% |
Max Drawdown (1Y)Largest decline over 1 year | -16.14% | -17.56% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -21.55% | -17.56% | -3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -21.55% | -18.59% | -2.96% |
Max Drawdown (10Y)Largest decline over 10 years | -47.67% | — | — |
Current DrawdownCurrent decline from peak | -17.45% | -15.16% | -2.29% |
Average DrawdownAverage peak-to-trough decline | -9.58% | -5.24% | -4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 6.43% | -0.31% |
Volatility
NFTY vs. IGLD - Volatility Comparison
The current volatility for First Trust India NIFTY 50 Equal Weight ETF (NFTY) is 4.58%, while FT Cboe Vest Gold Strategy Target Income ETF (IGLD) has a volatility of 5.12%. This indicates that NFTY experiences smaller price fluctuations and is considered to be less risky than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFTY | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 5.12% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 12.57% | 21.01% | -8.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.72% | 23.24% | -8.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.39% | 15.17% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 15.00% | +5.72% |
NFTY vs. IGLD - Expense Ratio Comparison
NFTY has a 0.80% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Dividends
NFTY vs. IGLD - Dividend Comparison
NFTY's dividend yield for the trailing twelve months is around 1.96%, less than IGLD's 17.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 17.92% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.96% | 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 IGLD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGLD has higher volatility (5.12%) compared to NFTY (4.58%). In terms of maximum drawdown, NFTY dropped -47.67% vs IGLD's -18.59%.
On 5-year performance, IGLD leads with 13.02% vs 4.62% for NFTY. On fees, NFTY is cheaper at 0.80% per year. On volatility, NFTY has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IGLD has performed better with a 13.02% return vs 4.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NFTY is cheaper with a 0.80% expense ratio, compared with 0.85% for IGLD.
IGLD has the higher dividend yield at 17.92%, compared with 1.96% for NFTY.
NFTY is categorized as Asia Pacific Equities, while IGLD is Precious Metals. Their fees differ too: 0.80% for NFTY and 0.85% for IGLD.
IGLD currently has the higher Sharpe Ratio (1.06 vs -0.58), 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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