NFTY vs. RELIANCE.BO
Compare and contrast key facts about First Trust India NIFTY 50 Equal Weight ETF (NFTY) and Reliance Industries Limited (RELIANCE.BO).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NFTY or RELIANCE.BO.
Performance
NFTY vs. RELIANCE.BO - Performance Comparison
Returns By Period
In the year-to-date period, NFTY achieves a 7.38% return, which is significantly higher than RELIANCE.BO's -1.58% return. Over the past 10 years, NFTY has underperformed RELIANCE.BO with an annualized return of 7.34%, while RELIANCE.BO has yielded a comparatively higher 20.17% annualized return.
NFTY
7.38%
-7.34%
0.85%
17.58%
12.83%
7.34%
RELIANCE.BO
-1.58%
-6.37%
-11.38%
7.64%
14.51%
20.17%
Key characteristics
| NFTY | RELIANCE.BO | |
|---|---|---|
| Sharpe Ratio | 1.15 | 0.40 |
| Sortino Ratio | 1.60 | 0.70 |
| Omega Ratio | 1.22 | 1.09 |
| Calmar Ratio | 1.56 | 0.41 |
| Martin Ratio | 5.95 | 1.27 |
| Ulcer Index | 3.02% | 6.92% |
| Daily Std Dev | 15.63% | 22.19% |
| Max Drawdown | -47.67% | -68.27% |
| Current Drawdown | -11.51% | -20.55% |
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Correlation
The correlation between NFTY and RELIANCE.BO is 0.26, 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. RELIANCE.BO - 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 Reliance Industries Limited (RELIANCE.BO). 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. RELIANCE.BO - Dividend Comparison
NFTY's dividend yield for the trailing twelve months is around 0.24%, less than RELIANCE.BO's 0.39% 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% |
RELIANCE.BO Reliance Industries Limited | 0.39% | 0.35% | 0.31% | 0.30% | 0.33% | 0.43% | 0.54% | 0.60% | 0.97% | 0.99% | 1.07% | 1.01% |
Drawdowns
NFTY vs. RELIANCE.BO - Drawdown Comparison
The maximum NFTY drawdown since its inception was -47.67%, smaller than the maximum RELIANCE.BO drawdown of -68.27%. Use the drawdown chart below to compare losses from any high point for NFTY and RELIANCE.BO. For additional features, visit the drawdowns tool.
Volatility
NFTY vs. RELIANCE.BO - Volatility Comparison
The current volatility for First Trust India NIFTY 50 Equal Weight ETF (NFTY) is 4.24%, while Reliance Industries Limited (RELIANCE.BO) has a volatility of 4.88%. This indicates that NFTY experiences smaller price fluctuations and is considered to be less risky than RELIANCE.BO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.