NFTY vs. TATAELXSI.NS

Last updated Jul 16, 2026

NFTY (First Trust India NIFTY 50 Equal Weight ETF) is India Equities fund tracking the NIFTY 50 Equal Weight Index, while TATAELXSI.NS (Tata Elxsi Limited) is a stock. Over the past 10 years, NFTY returned 7.54%/yr vs 21.14%/yr for TATAELXSI.NS. At a 0.23 correlation, their price movements are largely independent.

Performance

NFTY vs. TATAELXSI.NS - 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 Tata Elxsi Limited (TATAELXSI.NS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NFTY is traded in USD, while TATAELXSI.NS is traded in INR. To make them comparable, the TATAELXSI.NS values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, NFTY achieves a -8.16% return, which is significantly higher than TATAELXSI.NS's -36.23% return. Over the past 10 years, NFTY has underperformed TATAELXSI.NS with an annualized return of 7.54%, while TATAELXSI.NS has yielded a comparatively higher 21.14% annualized return.

NFTY

• 1D: -0.06%
• 1M: -1.43%
• 6M: -7.38%
• YTD: -8.16%
• 1Y: -8.20%
• 3Y*: 4.59%
• 5Y*: 5.61%
• 10Y*: 7.54%

TATAELXSI.NS

• 1D: -4.87%
• 1M: -14.93%
• 6M: -39.02%
• YTD: -36.23%
• 1Y: -49.87%
• 3Y*: -26.13%
• 5Y*: -7.77%
• 10Y*: 21.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NFTY vs. TATAELXSI.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NFTY First Trust India NIFTY 50 Equal Weight ETF	-8.16%	5.47%	5.18%	24.00%	-3.46%	26.83%	10.04%	0.58%	-1.51%	21.78%
TATAELXSI.NS Tata Elxsi Limited	-36.23%	-25.74%	-23.75%	39.63%	-3.10%	217.43%	121.33%	-19.87%	-3.57%	201.77%

Correlation

The correlation between NFTY and TATAELXSI.NS is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Feb 28, 2012	0.23

The correlation between NFTY and TATAELXSI.NS shifts across timeframes, from 0.23 (all time) to 0.37 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

NFTY vs. TATAELXSI.NS — Risk / Return Rank

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

NFTY

NFTY Risk / Return Rank: 4
NFTY Sharpe Ratio Rank: 5
NFTY Sortino Ratio Rank: 4
NFTY Omega Ratio Rank: 4
NFTY Calmar Ratio Rank: 5
NFTY Martin Ratio Rank: 3

TATAELXSI.NS

TATAELXSI.NS Risk / Return Rank: 1
TATAELXSI.NS Sharpe Ratio Rank: 1
TATAELXSI.NS Sortino Ratio Rank: 2
TATAELXSI.NS Omega Ratio Rank: 3
TATAELXSI.NS Calmar Ratio Rank: 0
TATAELXSI.NS Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NFTY vs. TATAELXSI.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust India NIFTY 50 Equal Weight ETF (NFTY) and Tata Elxsi Limited (TATAELXSI.NS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NFTY	TATAELXSI.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.56	-1.56	+1.00
Sortino ratio: Return per unit of downside risk	-0.75	-2.68	+1.93
Omega ratio: Gain probability vs. loss probability	0.92	0.70	+0.21
Calmar ratio: Return relative to maximum drawdown	-0.51	-1.03	+0.52
Martin ratio: Return relative to average drawdown	-1.21	-1.81	+0.60

NFTY vs. TATAELXSI.NS - Sharpe Ratio Comparison

The current NFTY Sharpe Ratio is -0.56, which is higher than the TATAELXSI.NS Sharpe Ratio of -1.56. The chart below compares the historical Sharpe Ratios of NFTY and TATAELXSI.NS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NFTY vs. TATAELXSI.NS - Drawdown Comparison

The maximum NFTY drawdown since its inception was -47.67%, smaller than the maximum TATAELXSI.NS drawdown of -80.14%. Use the drawdown chart below to compare losses from any high point for NFTY and TATAELXSI.NS.

Drawdown Indicators

	NFTY	TATAELXSI.NS	Difference
Max Drawdown Largest peak-to-trough decline	-47.67%	-80.14%	+32.47%
Max Drawdown (1Y) Largest decline over 1 year	-16.14%	-49.39%	+33.25%
Max Drawdown (3Y) Largest decline over 3 years	-21.55%	-65.25%	+43.70%
Max Drawdown (5Y) Largest decline over 5 years	-21.55%	-71.58%	+50.03%
Max Drawdown (10Y) Largest decline over 10 years	-47.67%	-71.58%	+23.91%
Current Drawdown Current decline from peak	-16.05%	-71.58%	+55.53%
Average Drawdown Average peak-to-trough decline	-9.63%	-30.33%	+20.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.79%	28.28%	-21.49%

Volatility

NFTY vs. TATAELXSI.NS - Volatility Comparison

The current volatility for First Trust India NIFTY 50 Equal Weight ETF (NFTY) is 3.71%, while Tata Elxsi Limited (TATAELXSI.NS) has a volatility of 11.76%. This indicates that NFTY experiences smaller price fluctuations and is considered to be less risky than TATAELXSI.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFTY	TATAELXSI.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	11.76%	-8.05%
Volatility (6M) Calculated over the trailing 6-month period	12.61%	25.33%	-12.72%
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	32.87%	-18.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.41%	34.20%	-16.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.65%	48.14%	-27.49%

Dividends

NFTY vs. TATAELXSI.NS - Dividend Comparison

NFTY's dividend yield for the trailing twelve months is around 1.93%, less than TATAELXSI.NS's 2.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NFTY First Trust India NIFTY 50 Equal Weight ETF	1.93%	1.24%	1.61%	0.13%	5.89%	1.53%	0.61%	0.97%	0.00%	4.10%	3.28%	4.39%
TATAELXSI.NS Tata Elxsi Limited	2.13%	1.43%	1.03%	0.69%	0.68%	0.82%	0.90%	1.63%	1.08%	0.82%	1.99%	0.98%

Frequently Asked Questions

Can I hold both NFTY and TATAELXSI.NS in my portfolio?

NFTY and TATAELXSI.NS have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.