NFTY vs. RFEM
Compare and contrast key facts about First Trust India NIFTY 50 Equal Weight ETF (NFTY) and First Trust RiverFront Dynamic Emerging Markets ETF (RFEM).
NFTY and RFEM 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. RFEM is an actively managed fund by First Trust. It was launched on Jun 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NFTY or RFEM.
Performance
NFTY vs. RFEM - Performance Comparison
Returns By Period
In the year-to-date period, NFTY achieves a 7.38% return, which is significantly lower than RFEM's 9.27% return.
NFTY
7.38%
-7.34%
0.85%
17.58%
12.83%
7.34%
RFEM
9.27%
-4.95%
-1.53%
16.82%
4.70%
N/A
Key characteristics
| NFTY | RFEM | |
|---|---|---|
| Sharpe Ratio | 1.15 | 1.04 |
| Sortino Ratio | 1.60 | 1.52 |
| Omega Ratio | 1.22 | 1.19 |
| Calmar Ratio | 1.56 | 0.89 |
| Martin Ratio | 5.95 | 4.97 |
| Ulcer Index | 3.02% | 3.25% |
| Daily Std Dev | 15.63% | 15.55% |
| Max Drawdown | -47.67% | -42.22% |
| Current Drawdown | -11.51% | -9.20% |
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NFTY vs. RFEM - Expense Ratio Comparison
NFTY has a 0.80% expense ratio, which is lower than RFEM's 0.95% expense ratio.
Correlation
The correlation between NFTY and RFEM is 0.44, 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. RFEM - 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 First Trust RiverFront Dynamic Emerging Markets ETF (RFEM). 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. RFEM - Dividend Comparison
NFTY's dividend yield for the trailing twelve months is around 0.24%, less than RFEM's 2.65% 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% |
RFEM First Trust RiverFront Dynamic Emerging Markets ETF | 2.65% | 3.28% | 7.74% | 3.21% | 1.22% | 3.75% | 2.37% | 1.62% | 3.73% | 0.00% | 0.00% | 0.00% |
Drawdowns
NFTY vs. RFEM - Drawdown Comparison
The maximum NFTY drawdown since its inception was -47.67%, which is greater than RFEM's maximum drawdown of -42.22%. Use the drawdown chart below to compare losses from any high point for NFTY and RFEM. For additional features, visit the drawdowns tool.
Volatility
NFTY vs. RFEM - Volatility Comparison
First Trust India NIFTY 50 Equal Weight ETF (NFTY) and First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) have volatilities of 4.24% and 4.16%, 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.