QCJA vs. NFTY

Last updated Aug 5, 2026

QCJA (FT Vest Nasdaq-100 Conservative Buffer ETF - January) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - QCJA is a Defined Outcome fund actively managed by First Trust, while NFTY is a India Equities fund tracking the NIFTY 50 Equal Weight Index. QCJA is actively managed, while NFTY is passively managed. Over the past year, QCJA returned 12.59% vs -0.22% for NFTY. Their 0.36 correlation means their historical movements had little consistent relationship. QCJA charges 0.90%/yr vs 0.80%/yr for NFTY.

Performance

QCJA vs. NFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Nasdaq-100 Conservative Buffer ETF - January (QCJA) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCJA achieves a 6.60% return, which is significantly higher than NFTY's -4.28% return.

QCJA

• 1D: 0.68%
• 1M: 1.29%
• 6M: 6.42%
• YTD: 6.60%
• 1Y: 12.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.63%

NFTY

• 1D: 0.84%
• 1M: 2.61%
• 6M: -3.38%
• YTD: -4.28%
• 1Y: -0.22%
• 3Y*: 6.73%
• 5Y*: 5.88%
• 10Y*: 7.63%
• ALL TIME*: 6.12%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NFTY First Trust India NIFTY 50 Equal Weight ETF	$2.51M	$1.71M	$1.63M
QCJA FT Vest Nasdaq-100 Conservative Buffer ETF - January	$86.35K	$90.33K	$195.80K

QCJA vs. NFTY - Yearly Performance Comparison

	2026 (YTD)	2025
QCJA FT Vest Nasdaq-100 Conservative Buffer ETF - January	6.60%	11.05%
NFTY First Trust India NIFTY 50 Equal Weight ETF	-4.28%	7.37%

Correlation

The correlation between QCJA and NFTY is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (All Time) Calculated using the full available price history since Jan 21, 2025	0.36

Return for Risk

QCJA vs. NFTY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QCJA

QCJA Risk / Return Rank: 78
QCJA Sharpe Ratio Rank: 80
QCJA Sortino Ratio Rank: 82
QCJA Omega Ratio Rank: 85
QCJA Calmar Ratio Rank: 64
QCJA Martin Ratio Rank: 80

NFTY

NFTY Risk / Return Rank: 10
NFTY Sharpe Ratio Rank: 10
NFTY Sortino Ratio Rank: 10
NFTY Omega Ratio Rank: 10
NFTY Calmar Ratio Rank: 10
NFTY Martin Ratio Rank: 10

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QCJA vs. NFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Nasdaq-100 Conservative Buffer ETF - January (QCJA) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). 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.

	QCJA	NFTY	Difference
Sharpe ratio: Return per unit of total volatility	2.06	-0.01	+2.08
Sortino ratio: Return per unit of downside risk	2.99	0.09	+2.90
Omega ratio: Gain probability vs. loss probability	1.40	1.01	+0.39
Calmar ratio: Return relative to maximum drawdown	2.54	-0.01	+2.55
Martin ratio: Return relative to average drawdown	11.87	-0.03	+11.90

QCJA vs. NFTY - Sharpe Ratio Comparison

The current QCJA Sharpe Ratio is 2.06, which is higher than the NFTY Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of QCJA and NFTY, 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

QCJA vs. NFTY - Drawdown Comparison

The maximum QCJA drawdown since its inception was -10.67%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for QCJA and NFTY.

Drawdown Indicators

	QCJA	NFTY	Difference
Max Drawdown Largest peak-to-trough decline	-10.67%	-47.67%	+37.00%
Max Drawdown (1Y) Largest decline over 1 year	-4.98%	-16.14%	+11.16%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.67%	—
Current Drawdown Current decline from peak	0.00%	-12.50%	+12.50%
Average Drawdown Average peak-to-trough decline	-1.13%	-9.65%	+8.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	7.00%	-5.94%

Volatility

QCJA vs. NFTY - Volatility Comparison

The current volatility for FT Vest Nasdaq-100 Conservative Buffer ETF - January (QCJA) is 1.91%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 3.63%. This indicates that QCJA experiences smaller price fluctuations and is considered to be less risky than NFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QCJA	NFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.91%	3.63%	-1.72%
Volatility (6M) Calculated over the trailing 6-month period	5.19%	12.22%	-7.03%
Volatility (1Y) Calculated over the trailing 1-year period	6.16%	14.87%	-8.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.23%	17.42%	-8.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.23%	20.65%	-11.42%

QCJA vs. NFTY - Expense Ratio Comparison

QCJA has a 0.90% expense ratio, which is higher than NFTY's 0.80% expense ratio.

Dividends

QCJA vs. NFTY - Dividend Comparison

QCJA has not paid dividends to shareholders, while NFTY's dividend yield for the trailing twelve months is around 1.85%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NFTY First Trust India NIFTY 50 Equal Weight ETF	1.85%	1.24%	1.61%	0.13%	5.89%	1.53%	0.61%	0.97%	0.00%	4.10%	3.28%	4.39%
QCJA FT Vest Nasdaq-100 Conservative Buffer ETF - January	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QCJA and NFTY in my portfolio?

QCJA and NFTY have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QCJA or NFTY?

NFTY has higher volatility (3.63%) compared to QCJA (1.91%). In terms of maximum drawdown, QCJA dropped -10.67% vs NFTY's -47.67%.

Which ETF is better, QCJA or NFTY?

On 1-year performance, QCJA leads with 12.59% vs -0.22% for NFTY. On fees, NFTY is cheaper at 0.80% per year. On volatility, QCJA has been the lower-risk option at 1.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QCJA or NFTY?

Over the 1-year period, QCJA has performed better with a 12.59% return vs -0.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QCJA or NFTY?

NFTY is cheaper with a 0.80% expense ratio, compared with 0.90% for QCJA.

Which ETF pays a higher dividend yield, QCJA or NFTY?

NFTY has the higher dividend yield at 1.85%, compared with 0.00% for QCJA.

What is the main difference between QCJA and NFTY?

QCJA is categorized as Defined Outcome, while NFTY is India Equities. Their fees differ too: 0.90% for QCJA and 0.80% for NFTY.

Which has better risk-adjusted returns?

QCJA currently has the higher Sharpe Ratio (2.06 vs -0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.