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BKAG vs. TFLO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BKAG and TFLO is 0.00, 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.


-0.50.00.51.00.0

Performance

BKAG vs. TFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Core Bond ETF (BKAG) and iShares Treasury Floating Rate Bond ETF (TFLO). The values are adjusted to include any dividend payments, if applicable.

-1.00%0.00%1.00%2.00%3.00%4.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
1.06%
2.44%
BKAG
TFLO

Key characteristics

Sharpe Ratio

BKAG:

0.27

TFLO:

16.29

Sortino Ratio

BKAG:

0.41

TFLO:

63.22

Omega Ratio

BKAG:

1.05

TFLO:

16.00

Calmar Ratio

BKAG:

0.11

TFLO:

207.29

Martin Ratio

BKAG:

0.74

TFLO:

978.40

Ulcer Index

BKAG:

2.00%

TFLO:

0.01%

Daily Std Dev

BKAG:

5.49%

TFLO:

0.33%

Max Drawdown

BKAG:

-18.52%

TFLO:

-5.01%

Current Drawdown

BKAG:

-9.25%

TFLO:

-0.02%

Returns By Period

In the year-to-date period, BKAG achieves a 1.07% return, which is significantly lower than TFLO's 5.20% return.


BKAG

YTD

1.07%

1M

-0.50%

6M

1.07%

1Y

1.47%

5Y*

N/A

10Y*

N/A

TFLO

YTD

5.20%

1M

0.37%

6M

2.43%

1Y

5.28%

5Y*

2.53%

10Y*

1.92%

Compare stocks, funds, or ETFs

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BKAG vs. TFLO - Expense Ratio Comparison

BKAG has a 0.00% expense ratio, which is lower than TFLO's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


TFLO
iShares Treasury Floating Rate Bond ETF
Expense ratio chart for TFLO: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%
Expense ratio chart for BKAG: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Risk-Adjusted Performance

BKAG vs. TFLO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Bond ETF (BKAG) and iShares Treasury Floating Rate Bond ETF (TFLO). 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.


Sharpe ratio
The chart of Sharpe ratio for BKAG, currently valued at 0.27, compared to the broader market0.002.004.000.2716.16
The chart of Sortino ratio for BKAG, currently valued at 0.41, compared to the broader market-2.000.002.004.006.008.0010.000.4162.74
The chart of Omega ratio for BKAG, currently valued at 1.05, compared to the broader market0.501.001.502.002.503.001.0515.89
The chart of Calmar ratio for BKAG, currently valued at 0.11, compared to the broader market0.005.0010.0015.000.11205.66
The chart of Martin ratio for BKAG, currently valued at 0.74, compared to the broader market0.0020.0040.0060.0080.00100.000.74946.10
BKAG
TFLO

The current BKAG Sharpe Ratio is 0.27, which is lower than the TFLO Sharpe Ratio of 16.29. The chart below compares the historical Sharpe Ratios of BKAG and TFLO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.005.0010.0015.00JulyAugustSeptemberOctoberNovemberDecember
0.27
16.16
BKAG
TFLO

Dividends

BKAG vs. TFLO - Dividend Comparison

BKAG's dividend yield for the trailing twelve months is around 4.07%, less than TFLO's 5.22% yield.


TTM2023202220212020201920182017201620152014
BKAG
BNY Mellon Core Bond ETF
4.07%3.33%2.49%1.55%1.16%0.00%0.00%0.00%0.00%0.00%0.00%
TFLO
iShares Treasury Floating Rate Bond ETF
5.22%4.89%1.67%0.00%0.36%2.08%1.65%0.86%0.30%0.15%0.08%

Drawdowns

BKAG vs. TFLO - Drawdown Comparison

The maximum BKAG drawdown since its inception was -18.52%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for BKAG and TFLO. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-9.25%
-0.02%
BKAG
TFLO

Volatility

BKAG vs. TFLO - Volatility Comparison

BNY Mellon Core Bond ETF (BKAG) has a higher volatility of 1.54% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.11%. This indicates that BKAG's price experiences larger fluctuations and is considered to be riskier than TFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.54%
0.11%
BKAG
TFLO
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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