AAA vs. FTSL
Compare and contrast key facts about AAF First Priority CLO Bond ETF (AAA) and First Trust Senior Loan Fund (FTSL).
AAA and FTSL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020. FTSL is an actively managed fund by First Trust. It was launched on May 1, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAA or FTSL.
Performance
AAA vs. FTSL - Performance Comparison
Returns By Period
In the year-to-date period, AAA achieves a 5.98% return, which is significantly lower than FTSL's 6.94% return.
AAA
5.98%
0.42%
3.12%
7.30%
N/A
N/A
FTSL
6.94%
0.63%
3.77%
8.66%
4.84%
4.03%
Key characteristics
| AAA | FTSL | |
|---|---|---|
| Sharpe Ratio | 3.65 | 4.33 |
| Sortino Ratio | 5.97 | 6.31 |
| Omega Ratio | 1.81 | 2.12 |
| Calmar Ratio | 15.37 | 8.05 |
| Martin Ratio | 69.79 | 54.02 |
| Ulcer Index | 0.10% | 0.16% |
| Daily Std Dev | 1.98% | 2.02% |
| Max Drawdown | -2.63% | -22.67% |
| Current Drawdown | -0.24% | -0.54% |
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AAA vs. FTSL - Expense Ratio Comparison
AAA has a 0.25% expense ratio, which is lower than FTSL's 0.86% expense ratio.
Correlation
The correlation between AAA and FTSL is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
AAA vs. FTSL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AAF First Priority CLO Bond ETF (AAA) and First Trust Senior Loan Fund (FTSL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AAA vs. FTSL - Dividend Comparison
AAA's dividend yield for the trailing twelve months is around 6.30%, less than FTSL's 7.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAA AAF First Priority CLO Bond ETF | 6.30% | 6.12% | 2.78% | 1.06% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTSL First Trust Senior Loan Fund | 7.02% | 7.59% | 4.77% | 3.18% | 3.48% | 4.45% | 4.29% | 3.64% | 3.70% | 3.95% | 3.75% | 2.64% |
Drawdowns
AAA vs. FTSL - Drawdown Comparison
The maximum AAA drawdown since its inception was -2.63%, smaller than the maximum FTSL drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for AAA and FTSL. For additional features, visit the drawdowns tool.
Volatility
AAA vs. FTSL - Volatility Comparison
The current volatility for AAF First Priority CLO Bond ETF (AAA) is 0.54%, while First Trust Senior Loan Fund (FTSL) has a volatility of 0.77%. This indicates that AAA experiences smaller price fluctuations and is considered to be less risky than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.