BBP vs. NFLT
BBP (Virtus LifeSci Biotech Products ETF) and NFLT (Virtus Newfleet Multi-Sector Bond ETF) are both exchange-traded funds - BBP is a Health & Biotech Equities fund tracking the LifeSci Biotechnology Products Index, while NFLT is a Multisector Bonds fund actively managed by Virtus. BBP is passively managed, while NFLT is actively managed. Over the past 10 years, BBP returned 11.61%/yr vs 3.82%/yr for NFLT. Their 0.16 correlation means their historical movements had little consistent relationship. BBP charges 0.79%/yr vs 0.50%/yr for NFLT.
Performance
BBP vs. NFLT - Performance Comparison
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Returns By Period
In the year-to-date period, BBP achieves a 17.95% return, which is significantly higher than NFLT's 1.65% return. Over the past 10 years, BBP has outperformed NFLT with an annualized return of 11.61%, while NFLT has yielded a comparatively lower 3.82% annualized return.
BBP
- 1D
- 0.42%
- 1M
- -4.86%
- 6M
- 13.89%
- YTD
- 17.95%
- 1Y
- 51.96%
- 3Y*
- 20.67%
- 5Y*
- 12.86%
- 10Y*
- 11.61%
- ALL TIME*
- 12.18%
NFLT
- 1D
- 0.17%
- 1M
- -0.41%
- 6M
- 1.08%
- YTD
- 1.65%
- 1Y
- 5.10%
- 3Y*
- 7.12%
- 5Y*
- 2.97%
- 10Y*
- 3.82%
- ALL TIME*
- 4.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $934.12K | $1.05M | $1.02M | |
| $2.33M | $1.91M | $2.12M |
BBP vs. NFLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBP Virtus LifeSci Biotech Products ETF | 17.95% | 33.15% | 3.32% | 17.88% | 0.85% | -8.17% | 22.24% | 24.73% | -13.95% | 24.07% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 1.65% | 8.77% | 6.05% | 9.16% | -9.49% | 1.18% | 8.02% | 10.13% | -2.68% | 6.30% |
Correlation
The correlation between BBP and NFLT is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2015 | 0.16 |
The correlation between BBP and NFLT shifts across timeframes, from 0.16 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BBP vs. NFLT — Risk / Return Rank
BBP
NFLT
BBP vs. NFLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus LifeSci Biotech Products ETF (BBP) and Virtus Newfleet Multi-Sector Bond ETF (NFLT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BBP | NFLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.23 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.55 | 2.12 | +3.43 |
| Martin ratioReturn relative to average drawdown | 15.50 | 8.64 | +6.86 |
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Drawdowns
BBP vs. NFLT - Drawdown Comparison
The maximum BBP drawdown since its inception was -44.32%, which is greater than NFLT's maximum drawdown of -15.17%. Use the drawdown chart below to compare losses from any high point for BBP and NFLT.
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Drawdown Indicators
| BBP | NFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.32% | -15.17% | -29.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -2.42% | -6.99% |
Max Drawdown (3Y)Largest decline over 3 years | -26.09% | -3.15% | -22.94% |
Max Drawdown (5Y)Largest decline over 5 years | -37.77% | -13.42% | -24.35% |
Max Drawdown (10Y)Largest decline over 10 years | -44.32% | -15.17% | -29.15% |
Current DrawdownCurrent decline from peak | -9.03% | -0.75% | -8.28% |
Average DrawdownAverage peak-to-trough decline | -11.90% | -2.08% | -9.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 0.59% | +2.77% |
Volatility
BBP vs. NFLT - Volatility Comparison
Virtus LifeSci Biotech Products ETF (BBP) has a higher volatility of 7.29% compared to Virtus Newfleet Multi-Sector Bond ETF (NFLT) at 0.97%. This indicates that BBP's price experiences larger fluctuations and is considered to be riskier than NFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBP | NFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 0.97% | +6.32% |
Volatility (6M)Calculated over the trailing 6-month period | 19.11% | 3.20% | +15.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.10% | 4.06% | +20.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.43% | 4.49% | +21.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.35% | 4.92% | +22.43% |
BBP vs. NFLT - Expense Ratio Comparison
BBP has a 0.79% expense ratio, which is higher than NFLT's 0.50% expense ratio.
Dividends
BBP vs. NFLT - Dividend Comparison
BBP has not paid dividends to shareholders, while NFLT's dividend yield for the trailing twelve months is around 5.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBP Virtus LifeSci Biotech Products ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.00% | 1.29% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.47% | 5.74% | 5.76% | 6.02% | 4.16% | 3.41% | 3.63% | 4.33% | 4.81% | 6.23% | 5.30% | 0.67% |
Frequently Asked Questions
BBP and NFLT have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBP has higher volatility (7.29%) compared to NFLT (0.97%). In terms of maximum drawdown, BBP dropped -44.32% vs NFLT's -15.17%.
On 10-year performance, BBP leads with 11.61% vs 3.82% for NFLT. On fees, NFLT is cheaper at 0.50% per year. On volatility, NFLT has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BBP has performed better with a 11.61% return vs 3.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NFLT is cheaper with a 0.50% expense ratio, compared with 0.79% for BBP.
NFLT has the higher dividend yield at 5.47%, compared with 0.00% for BBP.
BBP is categorized as Health & Biotech Equities, while NFLT is Multisector Bonds. Their fees differ too: 0.79% for BBP and 0.50% for NFLT.
BBP currently has the higher Sharpe Ratio (2.17 vs 1.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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