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NFTY vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NFTY and SPY 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. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust India NIFTY 50 Equal Weight ETF (NFTY) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

NFTY:

0.34

SPY:

0.64

Sortino Ratio

NFTY:

0.67

SPY:

1.16

Omega Ratio

NFTY:

1.08

SPY:

1.17

Calmar Ratio

NFTY:

0.34

SPY:

0.79

Martin Ratio

NFTY:

0.68

SPY:

3.04

Ulcer Index

NFTY:

10.08%

SPY:

4.87%

Daily Std Dev

NFTY:

17.47%

SPY:

20.29%

Max Drawdown

NFTY:

-47.67%

SPY:

-55.19%

Current Drawdown

NFTY:

-7.92%

SPY:

-3.38%

Returns By Period

In the year-to-date period, NFTY achieves a 6.23% return, which is significantly higher than SPY's 1.05% return. Over the past 10 years, NFTY has underperformed SPY with an annualized return of 6.40%, while SPY has yielded a comparatively higher 12.69% annualized return.


NFTY

YTD

6.23%

1M

7.38%

6M

3.20%

1Y

5.84%

5Y*

21.31%

10Y*

6.40%

SPY

YTD

1.05%

1M

9.83%

6M

0.15%

1Y

12.87%

5Y*

17.33%

10Y*

12.69%

*Annualized

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NFTY vs. SPY - Expense Ratio Comparison

NFTY has a 0.80% expense ratio, which is higher than SPY's 0.09% expense ratio.


Risk-Adjusted Performance

NFTY vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NFTY
The Risk-Adjusted Performance Rank of NFTY is 3737
Overall Rank
The Sharpe Ratio Rank of NFTY is 3636
Sharpe Ratio Rank
The Sortino Ratio Rank of NFTY is 4141
Sortino Ratio Rank
The Omega Ratio Rank of NFTY is 3838
Omega Ratio Rank
The Calmar Ratio Rank of NFTY is 4242
Calmar Ratio Rank
The Martin Ratio Rank of NFTY is 2828
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 7171
Overall Rank
The Sharpe Ratio Rank of SPY is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 7070
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 7474
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 7474
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 7373
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NFTY vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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.


The current NFTY Sharpe Ratio is 0.34, which is lower than the SPY Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of NFTY and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

NFTY vs. SPY - Dividend Comparison

NFTY's dividend yield for the trailing twelve months is around 1.38%, more than SPY's 1.21% yield.


TTM20242023202220212020201920182017201620152014
NFTY
First Trust India NIFTY 50 Equal Weight ETF
1.38%1.61%0.13%5.89%1.53%0.61%0.97%0.00%4.10%3.28%4.40%0.52%
SPY
SPDR S&P 500 ETF
1.21%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

NFTY vs. SPY - Drawdown Comparison

The maximum NFTY drawdown since its inception was -47.67%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NFTY and SPY. For additional features, visit the drawdowns tool.


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Volatility

NFTY vs. SPY - Volatility Comparison

First Trust India NIFTY 50 Equal Weight ETF (NFTY) and SPDR S&P 500 ETF (SPY) have volatilities of 6.07% and 6.19%, 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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