First Trust TCW Unconstrained Plus Bond ETF (UCON)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust TCW Unconstrained Plus Bond ETF (UCON) is up 0.8% since the beginning of the year. UCON is currently trading at $25 per share. Investors who bought $1,000 worth of UCON shares 5 years ago would now be looking at an investment worth $1,147.

First Trust TCW Unconstrained Plus Bond ETF (UCON) has returned 0.76% so far this year and 5.01% over the past 12 months.

Based on dividend-adjusted daily data since Jun 5, 2018, UCON's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.

Historically, 71% of months were positive and 29% were negative. The best month was Apr 2020 with a return of +3.7%, while the worst month was Mar 2020 at -7.1%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, UCON closed higher 50% of trading days. The best single day was Mar 19, 2020 with a return of +3.4%, while the worst single day was Mar 18, 2020 at -9.9%.

First Trust TCW Unconstrained Plus Bond ETF has an annualized alpha of 2.94%, beta of 0.07, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since June 05, 2018.

• This ETF participated in 17.09% of S&P 500 Index downside but only 16.65% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.07 may look defensive, but with R2 of 0.05 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.05 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

UCON has an expense ratio of 0.86%, placing it in the medium range.

UCON ranks 50 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

First Trust TCW Unconstrained Plus Bond ETF provided a 4.66% dividend yield over the last twelve months, with an annual payout of $1.16 per share.

The table displays the monthly dividend distributions for First Trust TCW Unconstrained Plus Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the First Trust TCW Unconstrained Plus Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Trust TCW Unconstrained Plus Bond ETF was 15.31%, occurring on Mar 18, 2020. Recovery took 71 trading sessions.

The current First Trust TCW Unconstrained Plus Bond ETF drawdown is 0.43%.

The chart below shows the rolling one-month volatility.