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XID.TO vs. NFTY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XID.TO vs. NFTY

Last updated Jun 4, 2026

XID.TO (iShares India Index ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both Asia Pacific Equities funds - XID.TO tracks the Morningstar Gbl GR CAD while NFTY tracks the NIFTY 50 Equal Weight Index. Both are passively managed. Over the past 10 years, XID.TO returned 6.69%/yr vs 8.91%/yr for NFTY. At a 0.45 correlation, their price movements are largely independent. XID.TO charges 1.08%/yr vs 0.80%/yr for NFTY.

Performance

XID.TO vs. NFTY - Performance Comparison

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

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Different Trading Currencies

XID.TO is traded in CAD, while NFTY is traded in USD. To make them comparable, the NFTY values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XID.TO achieves a -14.17% return, which is significantly lower than NFTY's -8.55% return. Over the past 10 years, XID.TO has underperformed NFTY with an annualized return of 6.69%, while NFTY has yielded a comparatively higher 8.91% annualized return.

XID.TO

1D
-0.95%
1M
-1.28%
YTD
-14.17%
6M
-14.49%
1Y
-13.67%
3Y*
2.43%
5Y*
3.77%
10Y*
6.69%

NFTY

1D
-0.93%
1M
0.32%
YTD
-8.55%
6M
-8.35%
1Y
-7.30%
3Y*
6.95%
5Y*
7.61%
10Y*
8.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XID.TO vs. NFTY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XID.TO
iShares India Index ETF		-14.17%-0.28%12.36%14.07%-0.64%17.51%7.86%4.33%3.73%26.87%
NFTY
First Trust India NIFTY 50 Equal Weight ETF		-8.55%0.63%14.22%21.26%3.42%25.68%8.18%-4.37%6.85%14.03%

Correlation

The correlation between XID.TO and NFTY is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.87

Correlation (3Y)
Calculated over the trailing 3-year period

0.80

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Feb 29, 2012

0.45

Over the past year, XID.TO and NFTY have become more correlated (0.87) than their long-term average of 0.45, meaning their price movements have been converging.

XID.TO vs. NFTY - Sectors Allocation Comparison

Sectors
XID.TO
NFTY

Financial Services

35.4%
21.2%

Energy

11.3%
8.5%

Consumer Cyclical

10.8%
16.3%

Technology

8.5%
9.2%

Industrials

7.7%
8.3%

Basic Materials

7.3%
12.5%

Consumer Defensive

6.2%
8.3%

Communication Services

5.2%
2.0%

Healthcare

4.5%
9.7%

Utilities

3.0%
4.0%

Real Estate

-

-

Financial Services

XID.TO
35.4%
NFTY
21.2%

Energy

XID.TO
11.3%
NFTY
8.5%

Consumer Cyclical

XID.TO
10.8%
NFTY
16.3%

Technology

XID.TO
8.5%
NFTY
9.2%

Industrials

XID.TO
7.7%
NFTY
8.3%

Basic Materials

XID.TO
7.3%
NFTY
12.5%

Consumer Defensive

XID.TO
6.2%
NFTY
8.3%

Communication Services

XID.TO
5.2%
NFTY
2.0%

Healthcare

XID.TO
4.5%
NFTY
9.7%

Utilities

XID.TO
3.0%
NFTY
4.0%

Real Estate

XID.TO

-

NFTY

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares India Index ETF

First Trust India NIFTY 50 Equal Weight ETF

Often compared with XID.TO:
XID.TO vs. ZID.TOXID.TO vs. FLINXID.TO vs. GLINXID.TO vs. VOOXID.TO vs. VGRO.TOXID.TO vs. ZCN.TOXID.TO vs. ^GSPC
Often compared with NFTY:
NFTY vs. SPYNFTY vs. INDYNFTY vs. TCS.NSNFTY vs. FLINNFTY vs. EPINFTY vs. QQQNFTY vs. ^BSE500

Return for Risk

XID.TO vs. NFTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XID.TO
XID.TO Risk / Return Rank: 22
Overall Rank
XID.TO Sharpe Ratio Rank: 22
Sharpe Ratio Rank
XID.TO Sortino Ratio Rank: 22
Sortino Ratio Rank
XID.TO Omega Ratio Rank: 22
Omega Ratio Rank
XID.TO Calmar Ratio Rank: 33
Calmar Ratio Rank
XID.TO Martin Ratio Rank: 11
Martin Ratio Rank
NFTY
NFTY Risk / Return Rank: 33
Overall Rank
NFTY Sharpe Ratio Rank: 44
Sharpe Ratio Rank
NFTY Sortino Ratio Rank: 44
Sortino Ratio Rank
NFTY Omega Ratio Rank: 44
Omega Ratio Rank
NFTY Calmar Ratio Rank: 44
Calmar Ratio Rank
NFTY Martin Ratio Rank: 22
Martin Ratio Rank
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.

XID.TO vs. NFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares India Index ETF (XID.TO) 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.

XID.TONFTYDifference
Sharpe ratioReturn per unit of total volatility
-0.93
-0.50

-0.43

Sortino ratioReturn per unit of downside risk
-1.34
-0.66

-0.68

Omega ratioGain probability vs. loss probability

0.85

0.93

-0.07

Calmar ratioReturn relative to maximum drawdown

-0.73

-0.44

-0.29

Martin ratioReturn relative to average drawdown

-1.60

-1.05

-0.55

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XID.TO vs. NFTY - Sharpe Ratio Comparison

The current XID.TO Sharpe Ratio is -0.93, which is lower than the NFTY Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of XID.TO 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.

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Sharpe Ratios by Period

XID.TONFTYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.93

-0.50

-0.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.26

0.47

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.37

0.45

-0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

0.42

-0.09

Drawdowns

XID.TO vs. NFTY - Drawdown Comparison

The maximum XID.TO drawdown since its inception was -42.26%, roughly equal to the maximum NFTY drawdown of -41.79%. Use the drawdown chart below to compare losses from any high point for XID.TO and NFTY.

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Drawdown Indicators

XID.TONFTYDifference

Max Drawdown

Largest peak-to-trough decline

-42.26%

-41.79%

-0.47%

Max Drawdown (1Y)

Largest decline over 1 year

-18.75%

-16.56%

-2.19%

Max Drawdown (3Y)

Largest decline over 3 years

-20.11%

-19.16%

-0.95%

Max Drawdown (5Y)

Largest decline over 5 years

-20.11%

-19.16%

-0.95%

Max Drawdown (10Y)

Largest decline over 10 years

-39.46%

-41.79%

+2.33%

Current Drawdown

Current decline from peak

-18.69%

-15.10%

-3.59%

Average Drawdown

Average peak-to-trough decline

-10.43%

-7.39%

-3.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.57%

6.98%

+1.59%

Volatility

XID.TO vs. NFTY - Volatility Comparison

iShares India Index ETF (XID.TO) has a higher volatility of 4.96% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 4.59%. This indicates that XID.TO'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.

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Volatility by Period

XID.TONFTYDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.96%

4.59%

+0.37%

Volatility (6M)

Calculated over the trailing 6-month period

12.55%

12.65%

-0.10%

Volatility (1Y)

Calculated over the trailing 1-year period

14.84%

14.81%

+0.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.32%

16.15%

-1.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.22%

19.74%

-1.52%

XID.TO vs. NFTY - Expense Ratio Comparison

XID.TO has a 1.08% expense ratio, which is higher than NFTY's 0.80% expense ratio.

Dividends

XID.TO vs. NFTY - Dividend Comparison

XID.TO's dividend yield for the trailing twelve months is around 16.69%, more than NFTY's 1.96% yield.

PositionTTM20252024202320222021202020192018201720162015
NFTY
First Trust India NIFTY 50 Equal Weight ETF		1.96%1.24%1.61%0.13%5.89%1.53%0.61%0.97%0.00%4.10%3.28%4.39%
XID.TO
iShares India Index ETF		16.69%14.32%0.17%0.42%3.45%6.82%0.03%0.43%0.39%0.16%0.36%0.36%

Frequently Asked Questions

XID.TO and NFTY have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, NFTY is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.

NFTY is cheaper with a 0.80% expense ratio, compared with 1.08% for XID.TO.

XID.TO tracks Morningstar Gbl GR CAD, while NFTY tracks NIFTY 50 Equal Weight Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 1.08% for XID.TO and 0.80% for NFTY.

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