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.
Correlation
The correlation between NFTY and INDY is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NFTY vs. INDY - Performance Comparison
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Key characteristics
NFTY:
0.30
INDY:
0.45
NFTY:
0.58
INDY:
0.79
NFTY:
1.07
INDY:
1.11
NFTY:
0.28
INDY:
0.43
NFTY:
0.56
INDY:
0.89
NFTY:
10.09%
INDY:
8.49%
NFTY:
17.48%
INDY:
15.22%
NFTY:
-47.67%
INDY:
-44.74%
NFTY:
-8.24%
INDY:
-5.88%
Returns By Period
The year-to-date returns for both stocks are quite close, with NFTY having a 5.86% return and INDY slightly lower at 5.82%. Over the past 10 years, NFTY has underperformed INDY with an annualized return of 6.37%, while INDY has yielded a comparatively higher 7.46% annualized return.
NFTY
5.86%
6.77%
3.69%
5.27%
21.20%
6.37%
INDY
5.82%
6.43%
4.87%
6.87%
17.39%
7.46%
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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.
Risk-Adjusted Performance
NFTY vs. INDY — Risk-Adjusted Performance Rank
NFTY
INDY
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.
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Dividends
NFTY vs. INDY - Dividend Comparison
NFTY's dividend yield for the trailing twelve months is around 1.39%, more than INDY's 0.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.39% | 1.61% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.40% | 0.52% |
INDY iShares India 50 ETF | 0.23% | 0.24% | 0.39% | 3.75% | 7.12% | 0.08% | 0.58% | 0.59% | 0.27% | 0.48% | 0.57% | 0.52% |
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.
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Volatility
NFTY vs. INDY - Volatility Comparison
First Trust India NIFTY 50 Equal Weight ETF (NFTY) and iShares India 50 ETF (INDY) have volatilities of 6.10% and 6.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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