BBBIX vs. FLTR
Compare and contrast key facts about BBH Limited Duration Fund (BBBIX) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR).
BBBIX is managed by BBH. It was launched on Jul 20, 2000. FLTR is a passively managed fund by VanEck that tracks the performance of the MVIS US Investment Grade Floating Rate Index. It was launched on Apr 25, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBBIX or FLTR.
Key characteristics
| BBBIX | FLTR | |
|---|---|---|
| YTD Return | 5.39% | 6.35% |
| 1Y Return | 7.61% | 7.59% |
| 3Y Return (Ann) | 3.97% | 4.74% |
| 5Y Return (Ann) | 3.34% | 3.37% |
| 10Y Return (Ann) | 2.81% | 2.71% |
| Sharpe Ratio | 4.55 | 7.21 |
| Sortino Ratio | 11.99 | 11.69 |
| Omega Ratio | 3.14 | 3.71 |
| Calmar Ratio | 19.62 | 10.25 |
| Martin Ratio | 59.88 | 113.04 |
| Ulcer Index | 0.13% | 0.07% |
| Daily Std Dev | 1.65% | 1.05% |
| Max Drawdown | -6.60% | -17.84% |
| Current Drawdown | -0.29% | -0.04% |
Correlation
The correlation between BBBIX and FLTR is 0.07, 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.
Performance
BBBIX vs. FLTR - Performance Comparison
In the year-to-date period, BBBIX achieves a 5.39% return, which is significantly lower than FLTR's 6.35% return. Both investments have delivered pretty close results over the past 10 years, with BBBIX having a 2.81% annualized return and FLTR not far behind at 2.71%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBBIX vs. FLTR - Expense Ratio Comparison
BBBIX has a 0.27% expense ratio, which is higher than FLTR's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BBBIX vs. FLTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BBH Limited Duration Fund (BBBIX) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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
BBBIX vs. FLTR - Dividend Comparison
BBBIX's dividend yield for the trailing twelve months is around 4.46%, less than FLTR's 6.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBBIX BBH Limited Duration Fund | 4.46% | 4.29% | 2.37% | 1.46% | 2.30% | 3.01% | 2.67% | 2.09% | 2.23% | 2.11% | 1.57% | 1.60% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 6.11% | 6.08% | 2.30% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% | 0.66% | 0.65% |
Drawdowns
BBBIX vs. FLTR - Drawdown Comparison
The maximum BBBIX drawdown since its inception was -6.60%, smaller than the maximum FLTR drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for BBBIX and FLTR. For additional features, visit the drawdowns tool.
Volatility
BBBIX vs. FLTR - Volatility Comparison
BBH Limited Duration Fund (BBBIX) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR) have volatilities of 0.28% and 0.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.