First Trust India NIFTY 50 Equal Weight ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
The First Trust India NIFTY 50 Equal Weight ETF tracks an index of the 50 largest and most liquid Indian equity securities, equally weighted. |
Category | Emerging Market Equities |
Fund Sponsor | First Trust |
Website | www.ftportfolios.com |
Inception date | Feb 14, 2012 |
Assets (mns) | $210 |
Currency | USD |
Expense ratio | 80 bp |
Distributions | Quarterly |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Equal |
Index replication | |
Uses derivatives | No |
Options available | Yes |
No. of constituents | 52 |
Wgt avg mkt cap (mns) | $39,482 |
Large cap (>$10bn) | 91.9% |
Mid cap ($2-10bn) | 8.1% |
Small cap (<$2bn) | 0.0% |
Developed mkts | 0.0% |
Emerging mkts | 100.0% |
BAJAJ FINANCE LIMITED | 17.2 % |
JIO FINANCIAL SERVICES LIMITED | 2.2 % |
ASIAN PAINTS LTD | 1.9 % |
POWER GRID CORP OF INDIA LTD | 1.9 % |
ULTRATECH CEMENT LTD | 1.8 % |
SUN PHARMACEUTICAL INDUS | 1.8 % |
HINDUSTAN UNILEVER LIMITED | 1.8 % |
NTPC LIMITED | 1.8 % |
APOLLO HOSPITALS ENTERPRISE | 1.8 % |
TATA STEEL LTD | 1.8 % | Total | 33.9 % |
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INDIA | 97.8 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
7.1% | -0.5% | 18.2% | 6.9% | 7.2% |
versus... | Beta | R-squared |
S&P500 | 0.51 | 30% |
MSCI EAFE | 0.47 | 27% |
MSCI Emg. Mkts. | 0.44 | 24% |
Recent close | $59.21 |
30d moving avg. | $59.13 |
Annualized volatility | 14.9% |
Short interest (ETF) | 0.4% |
Relative strength (RSI) | 54 |
Avg. volume (thou.) | 46 |
Turnover | 1.3% |
Bid/Ask (% of price) | 0.53% |
ADV underlying (mns) | $503 |
FINDING ALTERNATIVE FUNDS
Below is a list of 130 potential alternatives to the First Trust India NIFTY 50 Equal Weight ETF ETF based on the alternatives' overlap in portfolio holdings with NFTY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | NFTY | Expense: | 80 bp | ALTAR Score™: | 5.0% |
Ticker | Fund Name |
Overlap1 vs NFTY (%) |
Expense ratio (bp) |
Savings vs NFTY (bp) |
ALTAR Score™ (%) |
ALTAR vs NFTY (%) |
INDY | iShares India 50 ETF | 52.9 | 89 | -9 | 4.7 | -0.3 |
INDA | iShares MSCI India ETF | 43.5 | 65 | 15 | 4.5 | -0.5 |
FLIN | Franklin FTSE India ETF | 43.2 | 19 | 61 | 4.0 | -1.0 |
PIN | Invesco India ETF | 39.2 | 78 | 2 | 4.4 | -0.6 |
EPI | WisdomTree India Earnings Fund | 38.6 | 85 | -5 | 4.9 | -0.2 |
NDIA | Global X India Active ETF | 24.1 | 75 | 5 | 4.8 | -0.3 |
INCO | Columbia India Consumer ETF | 21.8 | 75 | 5 | 2.0 | -3.1 |
RFEM | First Trust Riverfront Dynamic Emerging Markets ETF | 21.0 | 95 | -15 | 12.9 | +7.8 |
STXE | Strive Emerging Markets Ex-China ETF | 20.9 | 32 | 48 | 7.9 | +2.9 |
RNEM | First Trust Emerging Markets Equity Select ETF | 20.4 | 75 | 5 | 7.1 | +2.1 |
BKF | iShares MSCI BIC ETF | 19.9 | 69 | 11 | 13.4 | +8.4 |
INDF | Nifty India Financials ETF | 19.3 | 75 | 5 | 6.4 | +1.4 |
KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 16.6 | 24 | 56 | 8.2 | +3.2 |
GLIN | VanEck India Growth Leaders ETF | 16.1 | 77 | 3 | 6.5 | +1.5 |
DGRE | WisdomTree Emerging Markets Quality Dividend Growth Fund | 16.0 | 32 | 48 | 6.9 | +1.9 |
EMXC | iShares MSCI Emerging Markets ex China ETF | 15.4 | 25 | 55 | 7.8 | +2.8 |
XC | WisdomTree Emerging Markets Ex-China Fund | 15.1 | 32 | 48 | 6.2 | +1.1 |
EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 15.1 | 75 | 5 | 10.0 | +5.0 |
XCNY | SPDR S&P Emerging Markets ex-China ETF | 14.6 | 15 | 65 | 7.8 | +2.7 |
QLVE | FlexShares Emerging Markets Quality Low Volatility Index Fun | 14.5 | 40 | 40 | 7.1 | +2.1 |
EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | 14.2 | 25 | 55 | 6.5 | +1.5 |
EEMA | iShares MSCI Emerging Markets Asia ETF | 13.9 | 49 | 31 | 10.1 | +5.1 |
SCHE | Schwab Emerging Markets Equity ETF | 13.7 | 11 | 69 | 11.2 | +6.2 |
NUEM | Nuveen ESG Emerging Markets Equity ETF | 12.9 | 36 | 44 | 7.8 | +2.8 |
JHEM | John Hancock Multifactor Emerging Markets ETF | 12.8 | 49 | 31 | 10.5 | +5.5 |
EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 12.8 | 20 | 60 | 10.8 | +5.8 |
AAXJ | iShares MSCI All Country Asia ex Japan ETF | 12.7 | 70 | 10 | 9.3 | +4.3 |
ECON | Columbia Emerging Markets Consumer ETF | 11.6 | 49 | 31 | 12.5 | +7.4 |
INQQ | India Internet & Ecommerce ETF | 11.5 | 86 | -6 | 1.2 | -3.8 |
FLAX | Franklin FTSE Asia Ex Japan ETF | 11.4 | 19 | 61 | 9.5 | +4.5 |
EEM | iShares MSCI Emerging Markets ETF | 11.1 | 69 | 11 | 10.4 | +5.3 |
VWO | Vanguard FTSE Emerging Markets ETF | 10.9 | 7 | 73 | 10.6 | +5.6 |
EMMF | WisdomTree Emerging Markets Multifactor Fund | 10.9 | 48 | 32 | 7.9 | +2.8 |
BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 10.9 | 15 | 65 | 10.4 | +5.4 |
LDEM | iShares ESG MSCI EM Leaders ETF | 10.9 | 17 | 63 | 13.2 | +8.2 |
AVXC | Avantis Emerging Markets Ex-China Equity ETF | 10.8 | 33 | 47 | 8.7 | +3.7 |
ESGE | iShares ESG Aware MSCI EM ETF | 10.8 | 25 | 55 | 10.1 | +5.1 |
QEMM | SPDR MSCI Emerging Markets StrategicFactors ETF | 10.8 | 30 | 50 | 9.9 | +4.9 |
BKEM | BNY Mellon Emerging Markets Equity ETF | 10.7 | 11 | 69 | 10.2 | +5.2 |
GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 10.6 | 36 | 44 | 9.9 | +4.9 |
GMF | SPDR S&P Emerging Asia Pacific ETF | 10.4 | 49 | 31 | 9.6 | +4.5 |
DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 10.4 | 66 | 14 | 9.9 | +4.9 |
FDEM | Fidelity Emerging Markets Multifactor ETF | 10.4 | 25 | 55 | 12.9 | +7.9 |
EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 10.4 | 15 | 65 | 8.2 | +3.2 |
EVLU | iShares MSCI Emerging Markets Value Factor ETF | 10.3 | 35 | 45 | 19.3 | +14.2 |
EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 10.1 | 30 | 50 | 10.4 | +5.4 |
XSOE | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 10.1 | 32 | 48 | 9.4 | +4.4 |
IEMG | iShares Core MSCI Emerging Markets ETF | 9.6 | 9 | 71 | 10.6 | +5.5 |
EMGF | iShares Emerging Markets Equity Factor ETF | 9.5 | 25 | 55 | 12.0 | +6.9 |
JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 9.5 | 33 | 47 | 10.2 | +5.2 |
MINV | Matthews Asia Innovators Active ETF | 9.2 | 79 | 1 | 7.6 | +2.6 |
DEHP | Dimensional Emerging Markets High Profitability ETF | 8.8 | 41 | 39 | 6.9 | +1.9 |
GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 8.7 | 45 | 35 | 10.6 | +5.6 |
MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 8.7 | 50 | 30 | 11.4 | +6.3 |
EMXF | iShares ESG Advanced MSCI EM ETF | 8.5 | 16 | 64 | 8.5 | +3.5 |
AVSE | Avantis Responsible Emerging Markets Equity ETF | 8.4 | 33 | 47 | 8.6 | +3.6 |
PXH | Invesco FTSE RAFI Emerging Markets ETF | 8.3 | 49 | 31 | 16.0 | +11.0 |
DGIN | VanEck Digital India ETF | 8.2 | 71 | 9 | 2.0 | -3.0 |
SPEM | SPDR Portfolio Emerging Markets ETF | 8.0 | 7 | 73 | 10.7 | +5.7 |
AVES | Avantis Emerging Markets Value ETF | 7.6 | 36 | 44 | 11.6 | +6.6 |
FMQQ | FMQQ The Next Frontier Internet & Ecommerce ETF | 7.6 | 86 | -6 | 0.9 | -4.2 |
EMC | Global X Emerging Markets Great Consumer ETF | 7.5 | 75 | 5 | 8.9 | +3.9 |
ROAM | Hartford Multifactor Emerging Markets ETF | 7.5 | 44 | 36 | 12.0 | +7.0 |
DFAE | Dimensional Emerging Core Equity Market ETF | 7.5 | 35 | 45 | 9.5 | +4.5 |
DFEV | Dimensional Emerging Markets Value ETF | 7.3 | 43 | 37 | 13.2 | +8.2 |
EMDV | ProShares MSCI Emerging Markets Dividend Growers ETF | 7.3 | 60 | 20 | 7.2 | +2.2 |
FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 7.3 | 39 | 41 | 16.2 | +11.2 |
IPAV | Global X Infrastructure Development ex-U.S. ETF | 7.1 | 55 | 25 | 7.5 | +2.5 |
JPEM | JPMorgan Diversified Return Emerging Markets Equity ETF | 6.9 | 44 | 36 | 11.0 | +6.0 |
RAYE | Rayliant Quantamental Emerging Market ex-China Equity ETF | 6.9 | 88 | -8 | 9.4 | +4.4 |
DEXC | Dimensional Emerging Markets ex China Core EquityETF | 6.3 | 53 | 27 | 7.8 | +2.7 |
UEVM | VictoryShares Emerging Markets Value Momentum ETF | 6.3 | 45 | 35 | 10.7 | +5.7 |
AVEM | Avantis Emerging Markets Equity ETF | 6.2 | 33 | 47 | 9.2 | +4.2 |
XCEM | Columbia EM Core ex-China ETF | 6.2 | 16 | 64 | 8.2 | +3.2 |
DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 5.8 | 38 | 42 | 9.4 | +4.4 |
TLTE | FlexShares Morningstar Emerging Markets Factor Tilt Index | 5.7 | 59 | 21 | 11.8 | +6.8 |
EEMO | Invesco S&P Emerging Markets Momentum ETF | 5.7 | 29 | 51 | 6.5 | +1.5 |
EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 5.3 | 86 | -6 | 13.6 | +8.6 |
DFSE | Dimensional Emerging Markets Sustainability Core 1 ETF | 4.8 | 41 | 39 | 8.9 | +3.9 |
MEM | Matthews Emerging Markets Equity Active ETF | 4.5 | 79 | 1 | 8.0 | +3.0 |
NXTG | First Trust Indxx NextG ETF | 4.0 | 70 | 10 | 5.3 | +0.3 |
ACWV | iShares MSCI Global Min Vol Factor ETF | 3.8 | 20 | 60 | 6.0 | +1.0 |
VIGI | Vanguard International Dividend Appreciation ETF | 3.6 | 10 | 70 | 6.3 | +1.3 |
SCHY | Schwab International Dividend Equity ETF | 3.5 | 14 | 66 | 9.6 | +4.6 |
CGXU | Capital Group International Focus Equity ETF | 3.5 | 54 | 26 | 5.8 | +0.8 |
ACWX | iShares MSCI ACWI ex U.S. ETF | 3.3 | 34 | 46 | 7.9 | +2.9 |
VEU | Vanguard FTSE All-World ex-US Index Fund | 3.2 | 4 | 76 | 8.2 | +3.2 |
GXUS | Goldman Sachs MarketBeta Total International Equity ETF | 3.2 | 18 | 62 | 7.9 | +2.9 |
VXUS | Vanguard Total International Stock ETF | 3.0 | 5 | 75 | 8.1 | +3.1 |
PICK | iShares MSCI Global Metals & Mining Producers ETF | 3.0 | 39 | 41 | 13.5 | +8.5 |
IXUS | iShares Core MSCI Total International Stock ETF | 2.9 | 7 | 73 | 8.0 | +3.0 |
FEM | First Trust Emerging Markets AlphaDEX Fund | 2.8 | 80 | 0 | 12.2 | +7.2 |
LEGR | First Trust Indxx Innovative Transaction & Process ETF | 2.7 | 65 | 15 | 7.4 | +2.4 |
DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 2.7 | 41 | 39 | 7.7 | +2.7 |
IGRO | iShares International Dividend Growth ETF | 2.6 | 15 | 65 | 7.3 | +2.3 |
VSGX | Vanguard ESG International Stock ETF | 2.6 | 10 | 70 | 7.9 | +2.9 |
CWI | SPDR MSCI ACWI ex-US ETF | 2.5 | 30 | 50 | 7.8 | +2.8 |
FILL | iShares MSCI Global Energy Producers ETF | 2.2 | 39 | 41 | 11.8 | +6.8 |
DFAX | Dimensional World ex U.S. Core Equity 2 ETF | 1.8 | 30 | 50 | 8.1 | +3.1 |
FTRI | First Trust Indxx Global Natural Resources Income ETF | 1.7 | 70 | 10 | 8.1 | +3.1 |
SDEM | Global X MSCI SuperDividend Emerging Markets ETF | 1.7 | 67 | 13 | 13.9 | +8.9 |
DVYE | iShares Emerging Markets Dividend ETF | 1.7 | 49 | 31 | 18.8 | +13.8 |
FTAG | First Trust Indxx Global Agriculture ETF | 1.7 | 70 | 10 | 8.3 | +3.3 |
ADIV | SmartETFs Asia Pacific Dividend Builder ETF | 1.6 | 78 | 2 | 9.3 | +4.3 |
EDIV | SPDR S&P Emerging Markets Dividend ETF | 1.6 | 49 | 31 | 11.9 | +6.9 |
KEMQ | KraneShares Emerging Markets Consumer Technology Index ETF | 1.6 | 60 | 20 | 10.4 | +5.4 |
VEGI | iShares MSCI Agriculture Producers ETF | 1.6 | 39 | 41 | 8.6 | +3.6 |
DEM | WisdomTree Emerging Markets High Dividend Fund | 1.4 | 63 | 17 | 13.2 | +8.2 |
EYLD | Cambria Emerging Shareholder Yield ETF | 1.3 | 66 | 14 | 12.3 | +7.3 |
GTEK | Goldman Sachs Future Tech Leaders Equity ETF | 1.3 | 75 | 5 | 3.1 | -1.9 |
KLMT | Invesco MSCI Global Climate 500 ETF | 1.3 | 10 | 70 | 5.9 | +0.9 |
KNCT | Invesco Next Gen Connectivity ETF | 1.2 | 40 | 40 | 5.0 | 0.0 |
JIG | JPMorgan International Growth ETF | 1.2 | 55 | 25 | 4.7 | -0.3 |
IQDF | FlexShares International Quality Dividend Index Fund | 1.2 | 47 | 33 | 9.3 | +4.3 |
ACWI | iShares MSCI ACWI ETF | 1.2 | 32 | 48 | 5.7 | +0.7 |
CRBN | iShares MSCI ACWI Low Carbon Target ETF | 1.1 | 20 | 60 | 5.8 | +0.8 |
XT | iShares Exponential Technologies ETF | 1.1 | 46 | 34 | 4.8 | -0.2 |
VT | Vanguard Total World Stock ETF | 1.1 | 6 | 74 | 6.0 | +1.0 |
IQDY | FlexShares International Quality Dividend Dynamic Index Fund | 0.9 | 47 | 33 | 8.5 | +3.5 |
DGT | SPDR Global Dow ETF | 0.8 | 50 | 30 | 7.3 | +2.3 |
DNL | WisdomTree Global ex-US Quality Dividend Growth Fund | 0.8 | 42 | 38 | 6.8 | +1.7 |
NFRA | FlexShares STOXX Global Broad Infrastructure Index Fund | 0.8 | 47 | 33 | 5.8 | +0.8 |
VYMI | Vanguard International High Dividend Yield ETF | 0.7 | 17 | 63 | 9.8 | +4.8 |
GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 0.7 | 46 | 34 | 10.3 | +5.3 |
NZAC | SPDR MSCI ACWI Climate Paris Aligned ETF | 0.7 | 12 | 68 | 5.3 | +0.2 |
CGGO | Capital Group Global Growth Equity ETF | 0.4 | 47 | 33 | 4.7 | -0.3 |
SDG | iShares MSCI Global Sustainable Development Goals ETF | 0.3 | 49 | 31 | 6.2 | +1.2 |
GLOF | iShares Global Equity Factor ETF | 0.3 | 20 | 60 | 6.7 | +1.7 |
DEW | WisdomTree Global High Dividend Fund | 0.3 | 58 | 22 | 8.6 | +3.6 |
SPGM | SPDR Portfolio MSCI Global Stock Market ETF | 0.2 | 9 | 71 | 5.9 | +0.9 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2024 | 2025E | 2026E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
First Trust India NIFTY 50 Equal Weight ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
AVOID |
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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