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ETFs

First Trust India Nifty 50 Equal Weight ETF

NFTY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 14 2012
Expense Ratio
0.80%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$248,024
AUM
$89,311,083
Associated Index
NIFTY 50 Equal Weight Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

500875
ITC Ltd.
2.42%
532755
Tech Mahindra Ltd.
2.31%
532977
Bajaj Auto Ltd
2.28%
500547
Bharat Petroleum Corporation Ltd.
2.27%
500570
Tata Motors Ltd.
2.26%
500312
Oil & Natural Gas Corporation Ltd.
2.24%
NTPC
NTPC Ltd.
2.24%
532898
Power Grid Corporation of India Ltd.
2.22%
500124
Dr. Reddy`s Laboratories Ltd.
2.22%
532538
UltraTech Cement Ltd.
2.21%
Invest with NFTY

What is NFTY?

The First Trust India NIFTY 50 Equal Weight ETF (the "Fund"), formerly First Trust Taiwan AlphaDEX Fund, seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the NIFTY 50 Equal Weight Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The NIFTY 50 Equal Weight Index is an equally weighted index that consists of the same companies as the NIFTY 50 Index, an index that tracks the performance of the 50 largest and most liquid Indian securities listed on the National Stock Exchange of India. The NIFTY 50 Equal Weight Index gives equal exposure to all 50 constituents. The same weight, or importance, is given to each stock in the index, allowing for the performance of smaller companies to contribute as much as the larger companies within the index.

ETFs related toNFTY

ETFs correlated to NFTY include INDA, EPI, INDY

NFTY
First Trust Exchange-Traded Fund III - First Trust India Nifty 50 Equal Weight ETF
INDA
BlackRock Institutional Trust Company N.A. - iShares MSCI India ETF
EPI
WisdomTree Trust - WisdomTree India Earnings Fund
INDY
BlackRock Institutional Trust Company N.A. - iShares India 50 ETF
SMIN
BlackRock Institutional Trust Company N.A. - iShares MSCI India Small-Cap ETF
EMXC
BlackRock Institutional Trust Company N.A. - IShares MSCI Emerging Markets ex China ETF
EEMS
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets Small-Cap ETF
EEMV
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets Min Vol Factor ETF
XCEM
Columbia ETF Trust II - Columbia EM Core ex-China ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toNFTY

#TOTAL

The Total Package

Category

Getting Started, Go Global

Risk Rating

Moderate

#SWENS

The Swensen

Category

Classic

Risk Rating

Moderate

Create your own algorithmic trading strategy with NFTY using Composer

FAQ

NFTY is a Global Ex. US Equities ETF. The First Trust India NIFTY 50 Equal Weight ETF (the "Fund"), formerly First Trust Taiwan AlphaDEX Fund, seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the NIFTY 50 Equal Weight Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The NIFTY 50 Equal Weight Index is an equally weighted index that consists of the same companies as the NIFTY 50 Index, an index that tracks the performance of the 50 largest and most liquid Indian securities listed on the National Stock Exchange of India. The NIFTY 50 Equal Weight Index gives equal exposure to all 50 constituents. The same weight, or importance, is given to each stock in the index, allowing for the performance of smaller companies to contribute as much as the larger companies within the index.

NFTY tracks the NIFTY 50 Equal Weight Index.

No, NFTY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, NFTY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on NFTY is -0.0192%. This is the percent change in the value of NFTY over the most recent 1-month period. The 3-month return on NFTY is -0.0575%. This is the percent change in the value of NFTY over the most recent 3-month period.

The standard deviation of NFTY for the past year is 0.2145%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to NFTY include EWW, EWC, and EWY.

ETFs correlated to NFTY include INDA, EPI, and INDY.

ETFs that are inversely correlated to NFTY include EUM, EFZ, and EDZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.