THD vs. NFTY

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI Thailand ETF (THD) and First Trust India NIFTY 50 Equal Weight ETF (NFTY).

THD and NFTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. THD is a passively managed fund by iShares that tracks the performance of the MSCI Thailand Investable Market Index. It was launched on Mar 26, 2008. NFTY is a passively managed fund by First Trust that tracks the performance of the NIFTY 50 Equal Weight Index. It was launched on Feb 14, 2012. Both THD and NFTY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

THD vs. NFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Thailand ETF (THD) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). The values are adjusted to include any dividend payments, if applicable.

THD vs. NFTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
THD iShares MSCI Thailand ETF	16.27%	2.36%	-2.21%	-12.63%	1.22%	1.87%	-9.89%	8.32%	-8.25%	31.45%
NFTY First Trust India NIFTY 50 Equal Weight ETF	-11.19%	5.47%	5.18%	24.00%	-3.46%	26.83%	10.04%	0.58%	-1.51%	21.78%

Returns By Period

In the year-to-date period, THD achieves a 16.27% return, which is significantly higher than NFTY's -11.19% return. Over the past 10 years, THD has underperformed NFTY with an annualized return of 3.09%, while NFTY has yielded a comparatively higher 7.64% annualized return.

THD

• 1D: 3.63%
• 1M: -7.55%
• YTD: 16.27%
• 6M: 19.40%
• 1Y: 38.44%
• 3Y*: 1.39%
• 5Y*: -0.40%
• 10Y*: 3.09%

NFTY

• 1D: 3.49%
• 1M: -9.46%
• YTD: -11.19%
• 6M: -7.86%
• 1Y: -5.94%
• 3Y*: 8.26%
• 5Y*: 5.87%
• 10Y*: 7.64%

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

THD vs. NFTY - Expense Ratio Comparison

THD has a 0.59% expense ratio, which is lower than NFTY's 0.80% expense ratio.

NFTY

First Trust India NIFTY 50 Equal Weight ETF

THD

iShares MSCI Thailand ETF

Return for Risk

THD vs. NFTY — Risk / Return Rank

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

THD

THD Risk / Return Rank: 80
THD Sharpe Ratio Rank: 79
THD Sortino Ratio Rank: 85
THD Omega Ratio Rank: 77
THD Calmar Ratio Rank: 88
THD Martin Ratio Rank: 74

NFTY

NFTY Risk / Return Rank: 5
NFTY Sharpe Ratio Rank: 6
NFTY Sortino Ratio Rank: 5
NFTY Omega Ratio Rank: 5
NFTY Calmar Ratio Rank: 7
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.

THD vs. NFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Thailand ETF (THD) 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.

	THD	NFTY	Difference
Sharpe ratio Return per unit of total volatility	1.47	-0.38	+1.85
Sortino ratio Return per unit of downside risk	2.25	-0.46	+2.71
Omega ratio Gain probability vs. loss probability	1.29	0.95	+0.34
Calmar ratio Return relative to maximum drawdown	2.79	-0.34	+3.13
Martin ratio Return relative to average drawdown	7.61	-1.21	+8.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THD vs. NFTY - Sharpe Ratio Comparison

The current THD Sharpe Ratio is 1.47, which is higher than the NFTY Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of THD and NFTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	THD	NFTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	-0.38	+1.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	0.34	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	0.37	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.27	-0.11

Correlation

The correlation between THD and NFTY is 0.32, 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.

Dividends

THD vs. NFTY - Dividend Comparison

THD's dividend yield for the trailing twelve months is around 2.89%, more than NFTY's 1.99% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
THD iShares MSCI Thailand ETF	2.89%	3.36%	3.15%	2.92%	2.41%	3.16%	2.31%	2.42%	2.57%	2.16%	2.61%	3.58%
NFTY First Trust India NIFTY 50 Equal Weight ETF	1.99%	1.24%	1.61%	0.13%	5.89%	1.53%	0.61%	0.97%	0.00%	4.10%	3.28%	4.39%

Drawdowns

THD vs. NFTY - Drawdown Comparison

The maximum THD drawdown since its inception was -64.22%, which is greater than NFTY's maximum drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for THD and NFTY.

Drawdown Indicators

	THD	NFTY	Difference
Max Drawdown Largest peak-to-trough decline	-64.22%	-47.67%	-16.55%
Max Drawdown (1Y) Largest decline over 1 year	-13.43%	-16.14%	+2.71%
Max Drawdown (5Y) Largest decline over 5 years	-40.24%	-21.55%	-18.69%
Max Drawdown (10Y) Largest decline over 10 years	-49.32%	-47.67%	-1.65%
Current Drawdown Current decline from peak	-14.62%	-18.81%	+4.19%
Average Drawdown Average peak-to-trough decline	-18.34%	-9.51%	-8.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.93%	4.51%	+0.42%

Volatility

THD vs. NFTY - Volatility Comparison

iShares MSCI Thailand ETF (THD) has a higher volatility of 10.58% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 7.54%. This indicates that THD's price experiences larger fluctuations and is considered to be riskier than NFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THD	NFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.58%	7.54%	+3.04%
Volatility (6M) Calculated over the trailing 6-month period	17.11%	11.42%	+5.69%
Volatility (1Y) Calculated over the trailing 1-year period	26.30%	15.79%	+10.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.59%	17.54%	+2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.50%	20.72%	+0.78%