NFTY vs. IXSE
Compare and contrast key facts about First Trust India NIFTY 50 Equal Weight ETF (NFTY) and WisdomTree India ex-State-Owned Enterprises Fund (IXSE).
NFTY and IXSE 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. IXSE is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree India ex-State-Owned Enterprises Index. It was launched on Apr 4, 2019. Both NFTY and IXSE 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 IXSE.
Performance
NFTY vs. IXSE - Performance Comparison
Returns By Period
NFTY
7.38%
-7.34%
0.85%
17.58%
12.83%
7.34%
IXSE
N/A
N/A
N/A
N/A
N/A
N/A
Key characteristics
| NFTY | IXSE |
|---|
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NFTY vs. IXSE - Expense Ratio Comparison
NFTY has a 0.80% expense ratio, which is higher than IXSE's 0.58% expense ratio.
Correlation
The correlation between NFTY and IXSE is 0.67, 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. IXSE - 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 WisdomTree India ex-State-Owned Enterprises Fund (IXSE). 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. IXSE - Dividend Comparison
NFTY's dividend yield for the trailing twelve months is around 0.24%, while IXSE has not paid dividends to shareholders.
| 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% |
IXSE WisdomTree India ex-State-Owned Enterprises Fund | 0.00% | 0.27% | 0.90% | 0.03% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NFTY vs. IXSE - Drawdown Comparison
Volatility
NFTY vs. IXSE - Volatility Comparison
First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a higher volatility of 4.24% compared to WisdomTree India ex-State-Owned Enterprises Fund (IXSE) at 0.00%. This indicates that NFTY's price experiences larger fluctuations and is considered to be riskier than IXSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.