NFTY vs. INDY
Compare and contrast key facts about First Trust India NIFTY 50 Equal Weight ETF (NFTY) and iShares India 50 ETF (INDY).
NFTY and INDY 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. INDY is a passively managed fund by iShares that tracks the performance of the S&P CNX Nifty Index. It was launched on Nov 18, 2009. Both NFTY and INDY 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 INDY.
Performance
NFTY vs. INDY - Performance Comparison
Returns By Period
In the year-to-date period, NFTY achieves a 7.38% return, which is significantly higher than INDY's 4.41% return. Over the past 10 years, NFTY has outperformed INDY with an annualized return of 7.34%, while INDY has yielded a comparatively lower 6.48% annualized return.
NFTY
7.38%
-7.34%
0.85%
17.58%
12.83%
7.34%
INDY
4.41%
-6.05%
1.34%
13.43%
8.96%
6.48%
Key characteristics
| NFTY | INDY | |
|---|---|---|
| Sharpe Ratio | 1.15 | 1.00 |
| Sortino Ratio | 1.60 | 1.38 |
| Omega Ratio | 1.22 | 1.19 |
| Calmar Ratio | 1.56 | 1.31 |
| Martin Ratio | 5.95 | 4.84 |
| Ulcer Index | 3.02% | 2.77% |
| Daily Std Dev | 15.63% | 13.38% |
| Max Drawdown | -47.67% | -44.74% |
| Current Drawdown | -11.51% | -10.25% |
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NFTY vs. INDY - Expense Ratio Comparison
NFTY has a 0.80% expense ratio, which is lower than INDY's 0.94% expense ratio.
Correlation
The correlation between NFTY and INDY is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
NFTY vs. INDY - 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 iShares India 50 ETF (INDY). 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. INDY - Dividend Comparison
NFTY's dividend yield for the trailing twelve months is around 0.24%, less than INDY's 0.31% 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% |
INDY iShares India 50 ETF | 0.31% | 0.39% | 3.75% | 7.12% | 0.08% | 0.58% | 0.59% | 0.27% | 0.48% | 0.57% | 0.52% | 0.77% |
Drawdowns
NFTY vs. INDY - Drawdown Comparison
The maximum NFTY drawdown since its inception was -47.67%, which is greater than INDY's maximum drawdown of -44.74%. Use the drawdown chart below to compare losses from any high point for NFTY and INDY. For additional features, visit the drawdowns tool.
Volatility
NFTY vs. INDY - Volatility Comparison
First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a higher volatility of 4.24% compared to iShares India 50 ETF (INDY) at 2.99%. This indicates that NFTY's price experiences larger fluctuations and is considered to be riskier than INDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.