NFTY vs FIAX
Comparison between FIRST TRUST INDIA NIFTY 50 EQUAL WEIGHT ETF (NFTY, ETF) and NICHOLAS FIXED INCOME ALTERNATIVE ETF (FIAX, ETF).
NFTY vs FIAX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NFTY
$132M
Winner
FIAX
$132M
Expense Ratio
Winner
NFTY
0.80%
FIAX
0.97%
Max Drawdown
NFTY
50.59%
Winner
FIAX
13.81%
Sharpe Ratio
NFTY
-0.83
Winner
FIAX
0.03
5Y Beta
NFTY
0.46
Winner
FIAX
0.15
5Y Dividends CAGR
NFTY
22.71%
FIAX
N/A
NFTY vs FIAX - Historical Returns
Returns include dividend reinvestment.
1M
NFTY
-2.33%
Winner
FIAX
+0.05%
3M
NFTY
-2.70%
Winner
FIAX
+0.53%
6M
NFTY
-5.13%
Winner
FIAX
+1.55%
1Y
NFTY
-9.39%
Winner
FIAX
+3.83%
5Y(CAGR)
NFTY
+5.18%
FIAX
N/A
10Y(CAGR)
NFTY
+7.11%
FIAX
N/A
Max(CAGR)
Winner
NFTY
+5.67%
FIAX
+3.17%
NFTY vs FIAX - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | NFTY | FIAX |
|---|---|---|
| 2026 | -10.00% | +1.36% |
| 2025 | +3.36% | +2.71% |
| 2024 | +4.68% | +4.87% |
| 2023 | +23.54% | +3.44% |
| 2022 | -5.37% | -0.30% |
| 2021 | +24.73% | N/A |
| 2020 | +8.43% | N/A |
| 2019 | +1.27% | N/A |
| 2018 | -1.51% | N/A |
| 2017 | +21.71% | N/A |
| 2016 | +13.47% | N/A |
| 2015 | -17.96% | N/A |
| 2014 | +14.73% | N/A |
| 2013 | +7.78% | N/A |
| 2012 | -4.33% | N/A |
NFTY vs FIAX Drawdown Comparison
The maximum drawdown for NFTY was -47.66%, occurring on Mar 23, 2020. Recovery took 685 trading sessions.
The maximum drawdown for FIAX was -6.26%, occurring on Apr 21, 2025. Recovery took 229 trading sessions.
The current NFTY drawdown is -17.22%. The current FIAX drawdown is -0.63%.
| Rank | NFTY | FIAX |
|---|---|---|
| #1 | -47.66% Apr 16, 2018 - Jan 4, 2021 | -6.26% Dec 11, 2024 - Nov 11, 2025 |
| #2 | -37.70% Apr 27, 2015 - Jan 17, 2018 | -2.97% Aug 31, 2023 - Dec 8, 2023 |
| #3 | -21.54% Sep 27, 2024 - Mar 30, 2026 | -2.40% Feb 10, 2026 - Apr 15, 2026 |
| #4 | -19.09% Oct 14, 2021 - Jul 5, 2023 | -1.98% Nov 7, 2024 - Nov 29, 2024 |
| #5 | -14.83% Jul 23, 2014 - Apr 6, 2015 | -1.71% Feb 1, 2024 - May 15, 2024 |
| #6 | -14.52% Feb 28, 2012 - May 2, 2013 | -1.52% Dec 1, 2022 - Feb 23, 2023 |
| #7 | -9.44% May 8, 2013 - Sep 19, 2013 | -1.52% May 6, 2026 - Jun 16, 2026 |
| #8 | -8.34% Jan 26, 2018 - Mar 21, 2018 | -1.21% Oct 14, 2024 - Nov 7, 2024 |
| #9 | -8.28% Mar 11, 2021 - May 7, 2021 | -1.14% Jan 15, 2026 - Feb 9, 2026 |
| #10 | -7.81% Sep 20, 2013 - Apr 8, 2014 | -1.12% Nov 11, 2025 - Nov 26, 2025 |
| #11 | -6.75% Jan 13, 2021 - Feb 2, 2021 | -1.08% Aug 23, 2024 - Sep 13, 2024 |
| #12 | -5.68% Sep 11, 2023 - Nov 17, 2023 | -0.93% Jul 31, 2024 - Aug 13, 2024 |
| #13 | -5.41% Jun 3, 2024 - Jun 12, 2024 | -0.71% Sep 19, 2024 - Oct 14, 2024 |
| #14 | -4.56% Mar 8, 2024 - May 23, 2024 | -0.69% Aug 14, 2023 - Aug 28, 2023 |
| #15 | -4.48% Jul 31, 2024 - Aug 30, 2024 | -0.65% Apr 17, 2026 - May 6, 2026 |
Correlation
Correlation between NFTY and FIAX is 0.71 which considered as a strong positive correlation - the stocks tend to move together.
0.71
-101
Dividend Comparison (2013 - 2026)
NFTY vs FIAX dividend yield comparison.
| Year | NFTY | FIAX |
|---|---|---|
| 2026 | 0.58% | 4.76% |
| 2025 | 1.24% | 8.17% |
| 2024 | 1.61% | 8.11% |
| 2023 | 0.13% | 4.81% |
| 2022 | 5.89% | 0.00% |
| 2021 | 1.53% | 0.00% |
| 2020 | 0.61% | 0.00% |
| 2019 | 0.97% | 0.00% |
| 2017 | 4.10% | 0.00% |
| 2016 | 3.28% | 0.00% |
| 2015 | 4.39% | 0.00% |
| 2014 | 0.52% | 0.00% |
| 2013 | 1.72% | 0.00% |
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