NFTY vs SPY
Comparison between FIRST TRUST INDIA NIFTY 50 EQUAL WEIGHT ETF (NFTY, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed NFTY, delivering a return of +13.3% compared to +4.6%
NFTY vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NFTY vs SPY - Historical Returns
Returns include dividend reinvestment.
NFTY vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NFTY | SPY |
|---|---|---|
| 2026 | -10.49% | +8.26% |
| 2025 | +3.36% | +18.00% |
| 2024 | +4.68% | +25.59% |
| 2023 | +23.54% | +26.72% |
| 2022 | -5.37% | -18.64% |
| 2021 | +24.73% | +30.52% |
| 2020 | +8.43% | +17.28% |
| 2019 | +1.27% | +31.09% |
| 2018 | -1.51% | -5.24% |
| 2017 | +21.71% | +20.78% |
| 2016 | +13.47% | +13.59% |
| 2015 | -17.96% | +1.31% |
| 2014 | +14.73% | +14.56% |
| 2013 | +7.78% | +29.00% |
| 2012 | -4.33% | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
NFTY vs SPY Drawdown Comparison
The maximum drawdown for NFTY was -47.66%, occurring on Mar 23, 2020. Recovery took 685 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NFTY drawdown is -17.67%. The current SPY drawdown is -2.90%.
| Rank | NFTY | SPY |
|---|---|---|
| #1 | -47.66% Apr 16, 2018 - Jan 4, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -37.70% Apr 27, 2015 - Jan 17, 2018 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -21.54% Sep 27, 2024 - Mar 30, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -19.09% Oct 14, 2021 - Jul 5, 2023 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -14.83% Jul 23, 2014 - Apr 6, 2015 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -14.52% Feb 28, 2012 - May 2, 2013 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -9.44% May 8, 2013 - Sep 19, 2013 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -8.34% Jan 26, 2018 - Mar 21, 2018 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.28% Mar 11, 2021 - May 7, 2021 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -7.81% Sep 20, 2013 - Apr 8, 2014 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -6.75% Jan 13, 2021 - Feb 2, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.68% Sep 11, 2023 - Nov 17, 2023 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.41% Jun 3, 2024 - Jun 12, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.56% Mar 8, 2024 - May 23, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.48% Jul 31, 2024 - Aug 30, 2024 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NFTY and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
NFTY vs SPY dividend yield comparison.
| Year | NFTY | SPY |
|---|---|---|
| 2026 | 0.58% | 0.24% |
| 2025 | 1.24% | 1.07% |
| 2024 | 1.61% | 1.21% |
| 2023 | 0.13% | 1.40% |
| 2022 | 5.89% | 1.65% |
| 2021 | 1.53% | 1.20% |
| 2020 | 0.61% | 1.52% |
| 2019 | 0.97% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 4.10% | 1.80% |
| 2016 | 3.28% | 2.03% |
| 2015 | 4.39% | 2.06% |
| 2014 | 0.52% | 1.87% |
| 2013 | 1.72% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
Select Stocks to Compare
More Comparisons
Compare with similar stocks