BND.TO vs. FALN
Compare and contrast key facts about Purpose Global Bond Fund (BND.TO) and iShares Fallen Angels USD Bond ETF (FALN).
BND.TO and FALN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FALN is a passively managed fund by iShares that tracks the performance of the Bloomberg US High Yield Fallen Angel 3% Capped Index. It was launched on Jun 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BND.TO or FALN.
Key characteristics
| BND.TO | FALN | |
|---|---|---|
| YTD Return | 0.67% | 2.21% |
| 1Y Return | 6.19% | 13.30% |
| 3Y Return (Ann) | 0.64% | 1.31% |
| 5Y Return (Ann) | 2.39% | 5.17% |
| Sharpe Ratio | 1.17 | 2.13 |
| Daily Std Dev | 4.94% | 5.89% |
| Max Drawdown | -16.55% | -29.22% |
| Current Drawdown | -0.62% | -0.78% |
Correlation
The correlation between BND.TO and FALN is 0.40, 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
BND.TO vs. FALN - Performance Comparison
In the year-to-date period, BND.TO achieves a 0.67% return, which is significantly lower than FALN's 2.21% return. 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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Risk-Adjusted Performance
BND.TO vs. FALN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Global Bond Fund (BND.TO) and iShares Fallen Angels USD Bond ETF (FALN). 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
BND.TO vs. FALN - Dividend Comparison
BND.TO's dividend yield for the trailing twelve months is around 5.36%, less than FALN's 5.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 5.36% | 5.20% | 4.14% | 3.89% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
FALN iShares Fallen Angels USD Bond ETF | 5.79% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% | 0.00% |
Drawdowns
BND.TO vs. FALN - Drawdown Comparison
The maximum BND.TO drawdown since its inception was -16.55%, smaller than the maximum FALN drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for BND.TO and FALN. For additional features, visit the drawdowns tool.
Volatility
BND.TO vs. FALN - Volatility Comparison
Purpose Global Bond Fund (BND.TO) has a higher volatility of 2.15% compared to iShares Fallen Angels USD Bond ETF (FALN) at 1.90%. This indicates that BND.TO's price experiences larger fluctuations and is considered to be riskier than FALN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.