NFTY vs. QQQ
Compare and contrast key facts about First Trust India NIFTY 50 Equal Weight ETF (NFTY) and Invesco QQQ (QQQ).
NFTY and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both NFTY and QQQ 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 QQQ.
Performance
NFTY vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, NFTY achieves a 7.38% return, which is significantly lower than QQQ's 21.78% return. Over the past 10 years, NFTY has underperformed QQQ with an annualized return of 7.34%, while QQQ has yielded a comparatively higher 17.95% annualized return.
NFTY
7.38%
-7.34%
0.85%
17.58%
12.83%
7.34%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| NFTY | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.15 | 1.70 |
| Sortino Ratio | 1.60 | 2.29 |
| Omega Ratio | 1.22 | 1.31 |
| Calmar Ratio | 1.56 | 2.19 |
| Martin Ratio | 5.95 | 7.96 |
| Ulcer Index | 3.02% | 3.72% |
| Daily Std Dev | 15.63% | 17.39% |
| Max Drawdown | -47.67% | -82.98% |
| Current Drawdown | -11.51% | -3.42% |
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NFTY vs. QQQ - Expense Ratio Comparison
NFTY has a 0.80% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between NFTY and QQQ is 0.31, 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.
Risk-Adjusted Performance
NFTY vs. QQQ - 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 Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
NFTY's dividend yield for the trailing twelve months is around 0.24%, less than QQQ's 0.61% 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% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
NFTY vs. QQQ - Drawdown Comparison
The maximum NFTY drawdown since its inception was -47.67%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NFTY and QQQ. For additional features, visit the drawdowns tool.
Volatility
NFTY vs. QQQ - Volatility Comparison
The current volatility for First Trust India NIFTY 50 Equal Weight ETF (NFTY) is 4.24%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that NFTY experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.