^BSE500 vs. NFTY
Compare and contrast key facts about S&P BSE-500 (^BSE500) and First Trust India NIFTY 50 Equal Weight ETF (NFTY).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^BSE500 or NFTY.
Correlation
The correlation between ^BSE500 and NFTY is 0.39, 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.
Performance
^BSE500 vs. NFTY - Performance Comparison
Key characteristics
^BSE500:
1.02
NFTY:
0.63
^BSE500:
1.36
NFTY:
0.96
^BSE500:
1.22
NFTY:
1.12
^BSE500:
1.37
NFTY:
0.74
^BSE500:
4.38
NFTY:
2.21
^BSE500:
3.46%
NFTY:
4.44%
^BSE500:
14.78%
NFTY:
15.59%
^BSE500:
-38.39%
NFTY:
-47.67%
^BSE500:
-9.05%
NFTY:
-13.10%
Returns By Period
In the year-to-date period, ^BSE500 achieves a 14.34% return, which is significantly higher than NFTY's 5.45% return. Over the past 10 years, ^BSE500 has outperformed NFTY with an annualized return of 12.92%, while NFTY has yielded a comparatively lower 6.98% annualized return.
^BSE500
14.34%
1.37%
0.04%
17.29%
17.60%
12.92%
NFTY
5.45%
-2.27%
-4.23%
8.32%
11.99%
6.98%
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Risk-Adjusted Performance
^BSE500 vs. NFTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P BSE-500 (^BSE500) 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.
Drawdowns
^BSE500 vs. NFTY - Drawdown Comparison
The maximum ^BSE500 drawdown since its inception was -38.39%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for ^BSE500 and NFTY. For additional features, visit the drawdowns tool.
Volatility
^BSE500 vs. NFTY - Volatility Comparison
S&P BSE-500 (^BSE500) has a higher volatility of 4.58% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 4.17%. This indicates that ^BSE500'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.