RFEU vs. NFTY

Last updated Aug 4, 2026

RFEU (First Trust RiverFront Dynamic Europe ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - RFEU is a Europe Equities fund actively managed by First Trust, while NFTY is a India Equities fund tracking the NIFTY 50 Equal Weight Index. RFEU is actively managed, while NFTY is passively managed. Over the past 10 years, RFEU returned 7.22%/yr vs 7.54%/yr for NFTY. Their 0.34 correlation means their historical movements had little consistent relationship. RFEU charges 0.83%/yr vs 0.80%/yr for NFTY.

Performance

RFEU vs. NFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust RiverFront Dynamic Europe ETF (RFEU) 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, RFEU achieves a 1.50% return, which is significantly higher than NFTY's -5.08% return. Both investments have delivered pretty close results over the past 10 years, with RFEU having a 7.22% annualized return and NFTY not far ahead at 7.54%.

RFEU

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 1.50%
• 1Y: 15.37%
• 3Y*: 11.66%
• 5Y*: 2.74%
• 10Y*: 7.22%
• ALL TIME*: 7.20%

NFTY

• 1D: 0.88%
• 1M: 1.75%
• 6M: -5.04%
• YTD: -5.08%
• 1Y: -1.61%
• 3Y*: 6.43%
• 5Y*: 5.70%
• 10Y*: 7.54%
• ALL TIME*: 6.06%

*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	$2.50M	$1.73M	$1.67M
RFEU First Trust RiverFront Dynamic Europe ETF	$0.00	$0.00	$0.00

RFEU vs. NFTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RFEU First Trust RiverFront Dynamic Europe ETF	1.50%	30.78%	-1.78%	16.19%	-24.17%	22.83%	6.25%	23.21%	-17.57%	26.58%
NFTY First Trust India NIFTY 50 Equal Weight ETF	-5.08%	5.47%	5.18%	24.00%	-3.46%	26.83%	10.04%	0.58%	-1.51%	21.78%

Correlation

The correlation between RFEU and NFTY is 0.12, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.12
Correlation (3Y) Balances recent behavior with more history.	0.32
Correlation (5Y) Shows whether the relationship held over a longer period.	0.39
Correlation (10Y) Provides a long-term view across more market conditions.	0.34
Correlation (All Time) Calculated using the full available price history since Apr 14, 2016	0.34

Over the past year, the correlation between RFEU and NFTY has dropped to 0.12 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

RFEU vs. NFTY - Sectors Allocation Comparison

Sectors	RFEU	NFTY
Financial Services	18.9%	22.0%
Industrials	15.4%	8.1%
Healthcare	13.3%	10.2%
Technology	12.5%	9.7%
Consumer Cyclical	10.6%	16.2%
Consumer Defensive	9.3%	8.0%
Energy	8.7%	7.9%
Utilities	6.4%	4.0%
Communication Services	3.8%	2.0%
Basic Materials	1.2%	11.9%
Real Estate	-	-

Return for Risk

RFEU vs. NFTY — Risk / Return Rank

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

RFEU

RFEU Risk / Return Rank: 92
RFEU Sharpe Ratio Rank: 91
RFEU Sortino Ratio Rank: 93
RFEU Omega Ratio Rank: 96
RFEU Calmar Ratio Rank: 85
RFEU Martin Ratio Rank: 93

NFTY

NFTY Risk / Return Rank: 9
NFTY Sharpe Ratio Rank: 9
NFTY Sortino Ratio Rank: 9
NFTY Omega Ratio Rank: 9
NFTY Calmar Ratio Rank: 10
NFTY Martin Ratio Rank: 9

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.

RFEU vs. NFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust RiverFront Dynamic Europe ETF (RFEU) 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.

	RFEU	NFTY	Difference
Sharpe ratio: Return per unit of total volatility	2.42	-0.11	+2.53
Sortino ratio: Return per unit of downside risk	3.68	-0.05	+3.74
Omega ratio: Gain probability vs. loss probability	1.67	0.99	+0.68
Calmar ratio: Return relative to maximum drawdown	3.51	-0.10	+3.61
Martin ratio: Return relative to average drawdown	17.19	-0.23	+17.42

RFEU vs. NFTY - Sharpe Ratio Comparison

The current RFEU Sharpe Ratio is 2.42, which is higher than the NFTY Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of RFEU 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

RFEU vs. NFTY - Drawdown Comparison

The maximum RFEU drawdown since its inception was -39.74%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for RFEU and NFTY.

Drawdown Indicators

	RFEU	NFTY	Difference
Max Drawdown Largest peak-to-trough decline	-39.74%	-47.67%	+7.93%
Max Drawdown (1Y) Largest decline over 1 year	-4.83%	-16.14%	+11.31%
Max Drawdown (3Y) Largest decline over 3 years	-13.48%	-21.55%	+8.07%
Max Drawdown (5Y) Largest decline over 5 years	-35.92%	-21.55%	-14.37%
Max Drawdown (10Y) Largest decline over 10 years	-39.74%	-47.67%	+7.93%
Current Drawdown Current decline from peak	-0.11%	-13.23%	+13.12%
Average Drawdown Average peak-to-trough decline	-9.47%	-9.65%	+0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.30%	6.99%	-5.69%

Volatility

RFEU vs. NFTY - Volatility Comparison

The current volatility for First Trust RiverFront Dynamic Europe ETF (RFEU) is 0.00%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 3.57%. This indicates that RFEU 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

	RFEU	NFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	3.57%	-3.57%
Volatility (6M) Calculated over the trailing 6-month period	1.26%	12.74%	-11.48%
Volatility (1Y) Calculated over the trailing 1-year period	7.02%	14.87%	-7.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.67%	17.41%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.43%	20.65%	-3.22%

RFEU vs. NFTY - Expense Ratio Comparison

RFEU has a 0.83% expense ratio, which is higher than NFTY's 0.80% expense ratio.

Dividends

RFEU vs. NFTY - Dividend Comparison

RFEU's dividend yield for the trailing twelve months is around 1.37%, less than NFTY's 1.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NFTY First Trust India NIFTY 50 Equal Weight ETF	1.87%	1.24%	1.61%	0.13%	5.89%	1.53%	0.61%	0.97%	0.00%	4.10%	3.28%	4.39%
RFEU First Trust RiverFront Dynamic Europe ETF	1.37%	2.87%	5.45%	3.37%	4.98%	1.82%	2.32%	3.08%	2.84%	1.35%	3.16%	0.00%

Frequently Asked Questions

Can I hold both RFEU and NFTY in my portfolio?

RFEU and NFTY have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RFEU or NFTY?

NFTY has higher volatility (3.57%) compared to RFEU (0.00%). In terms of maximum drawdown, RFEU dropped -39.74% vs NFTY's -47.67%.

Which ETF is better, RFEU or NFTY?

On 10-year performance, NFTY leads with 7.54% vs 7.22% for RFEU. On fees, NFTY is cheaper at 0.80% per year. On volatility, RFEU has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RFEU or NFTY?

Over the 10-year period, NFTY has performed better with a 7.54% return vs 7.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RFEU or NFTY?

NFTY is cheaper with a 0.80% expense ratio, compared with 0.83% for RFEU.

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

NFTY has the higher dividend yield at 1.87%, compared with 1.37% for RFEU.

What is the main difference between RFEU and NFTY?

RFEU is categorized as Europe Equities, while NFTY is India Equities. Their fees differ too: 0.83% for RFEU and 0.80% for NFTY.

Which has better risk-adjusted returns?

RFEU currently has the higher Sharpe Ratio (2.42 vs -0.11), 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.