QCJL vs. NFTY

Last updated Jul 15, 2026

QCJL (FT Vest Nasdaq-100 Conservative Buffer ETF - July) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - QCJL is a Nasdaq-100 fund actively managed by First Trust, while NFTY is a India Equities fund tracking the NIFTY 50 Equal Weight Index. QCJL is actively managed, while NFTY is passively managed. Over the past year, QCJL returned 11.35% vs -8.34% for NFTY. At a 0.36 correlation, their price movements are largely independent. QCJL charges 0.90%/yr vs 0.80%/yr for NFTY.

Performance

QCJL vs. NFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Nasdaq-100 Conservative Buffer ETF - July (QCJL) 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, QCJL achieves a 5.84% return, which is significantly higher than NFTY's -8.10% return.

QCJL

• 1D: -0.02%
• 1M: 0.60%
• 6M: 5.22%
• YTD: 5.84%
• 1Y: 11.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NFTY

• 1D: -0.49%
• 1M: 0.74%
• 6M: -7.02%
• YTD: -8.10%
• 1Y: -8.34%
• 3Y*: 4.61%
• 5Y*: 5.42%
• 10Y*: 7.55%

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

QCJL vs. NFTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QCJL FT Vest Nasdaq-100 Conservative Buffer ETF - July	5.84%	13.10%	4.38%
NFTY First Trust India NIFTY 50 Equal Weight ETF	-8.10%	5.47%	-6.91%

Correlation

The correlation between QCJL and NFTY is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jul 22, 2024	0.36

Return for Risk

QCJL vs. NFTY — Risk / Return Rank

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

QCJL

QCJL Risk / Return Rank: 82
QCJL Sharpe Ratio Rank: 81
QCJL Sortino Ratio Rank: 84
QCJL Omega Ratio Rank: 86
QCJL Calmar Ratio Rank: 70
QCJL Martin Ratio Rank: 87

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

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.

QCJL vs. NFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Nasdaq-100 Conservative Buffer ETF - July (QCJL) 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.

	QCJL	NFTY	Difference
Sharpe ratio: Return per unit of total volatility	2.06	-0.57	+2.63
Sortino ratio: Return per unit of downside risk	2.99	-0.77	+3.76
Omega ratio: Gain probability vs. loss probability	1.42	0.92	+0.50
Calmar ratio: Return relative to maximum drawdown	2.85	-0.52	+3.37
Martin ratio: Return relative to average drawdown	14.54	-1.24	+15.78

QCJL vs. NFTY - Sharpe Ratio Comparison

The current QCJL Sharpe Ratio is 2.06, which is higher than the NFTY Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of QCJL 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

QCJL vs. NFTY - Drawdown Comparison

The maximum QCJL drawdown since its inception was -11.18%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for QCJL and NFTY.

Drawdown Indicators

	QCJL	NFTY	Difference
Max Drawdown Largest peak-to-trough decline	-11.18%	-47.67%	+36.49%
Max Drawdown (1Y) Largest decline over 1 year	-4.00%	-16.14%	+12.14%
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	-0.02%	-15.99%	+15.97%
Average Drawdown Average peak-to-trough decline	-1.01%	-9.62%	+8.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	6.76%	-5.98%

Volatility

QCJL vs. NFTY - Volatility Comparison

The current volatility for FT Vest Nasdaq-100 Conservative Buffer ETF - July (QCJL) is 0.47%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 3.75%. This indicates that QCJL 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

	QCJL	NFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.47%	3.75%	-3.28%
Volatility (6M) Calculated over the trailing 6-month period	4.14%	12.62%	-8.48%
Volatility (1Y) Calculated over the trailing 1-year period	5.54%	14.72%	-9.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.22%	17.41%	-8.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.22%	20.65%	-11.43%

QCJL vs. NFTY - Expense Ratio Comparison

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

Dividends

QCJL vs. NFTY - Dividend Comparison

QCJL has not paid dividends to shareholders, while NFTY's dividend yield for the trailing twelve months is around 1.93%.

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%
QCJL FT Vest Nasdaq-100 Conservative Buffer ETF - July	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 QCJL and NFTY in my portfolio?

QCJL and NFTY have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QCJL or NFTY?

NFTY has higher volatility (3.75%) compared to QCJL (0.47%). In terms of maximum drawdown, QCJL dropped -11.18% vs NFTY's -47.67%.

Which ETF is better, QCJL or NFTY?

On 1-year performance, QCJL leads with 11.35% vs -8.34% for NFTY. On fees, NFTY is cheaper at 0.80% per year. On volatility, QCJL has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QCJL or NFTY?

Over the 1-year period, QCJL has performed better with a 11.35% return vs -8.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QCJL or NFTY?

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

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

NFTY has the higher dividend yield at 1.93%, compared with 0.00% for QCJL.

What is the main difference between QCJL and NFTY?

QCJL is categorized as Nasdaq-100, while NFTY is India Equities. Their fees differ too: 0.90% for QCJL and 0.80% for NFTY.

Which has better risk-adjusted returns?

QCJL currently has the higher Sharpe Ratio (2.06 vs -0.57), 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.