^NIFTY500 vs. NFTY
Compare and contrast key facts about Nifty 500 (^NIFTY500) 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: ^NIFTY500 or NFTY.
Key characteristics
| ^NIFTY500 | NFTY | |
|---|---|---|
| YTD Return | 20.87% | 15.89% |
| 1Y Return | 34.45% | 27.65% |
| 3Y Return (Ann) | 14.28% | 9.66% |
| 5Y Return (Ann) | 20.10% | 14.60% |
| 10Y Return (Ann) | 14.41% | 8.66% |
| Sharpe Ratio | 2.73 | 1.81 |
| Sortino Ratio | 3.23 | 2.40 |
| Omega Ratio | 1.59 | 1.34 |
| Calmar Ratio | 5.78 | 4.90 |
| Martin Ratio | 25.13 | 14.72 |
| Ulcer Index | 1.55% | 1.89% |
| Daily Std Dev | 14.40% | 15.37% |
| Max Drawdown | -68.02% | -47.67% |
| Current Drawdown | -4.13% | -4.49% |
Correlation
The correlation between ^NIFTY500 and NFTY is 0.38, 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
^NIFTY500 vs. NFTY - Performance Comparison
In the year-to-date period, ^NIFTY500 achieves a 20.87% return, which is significantly higher than NFTY's 15.89% return. Over the past 10 years, ^NIFTY500 has outperformed NFTY with an annualized return of 14.41%, while NFTY has yielded a comparatively lower 8.66% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^NIFTY500 vs. NFTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nifty 500 (^NIFTY500) 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
^NIFTY500 vs. NFTY - Drawdown Comparison
The maximum ^NIFTY500 drawdown since its inception was -68.02%, which is greater than NFTY's maximum drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for ^NIFTY500 and NFTY. For additional features, visit the drawdowns tool.
Volatility
^NIFTY500 vs. NFTY - Volatility Comparison
The current volatility for Nifty 500 (^NIFTY500) is 4.00%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 4.41%. This indicates that ^NIFTY500 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.