CEFD vs. TSLX
Compare and contrast key facts about ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and Sixth Street Specialty Lending, Inc. (TSLX).
CEFD is a passively managed fund by UBS that tracks the performance of the S-Network Composite Closed-End Fund Index (150%). It was launched on Jun 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CEFD or TSLX.
Key characteristics
| CEFD | TSLX | |
|---|---|---|
| YTD Return | 22.27% | 3.96% |
| 1Y Return | 32.66% | 9.22% |
| 3Y Return (Ann) | -2.28% | 5.45% |
| Sharpe Ratio | 2.83 | 0.75 |
| Sortino Ratio | 3.64 | 1.11 |
| Omega Ratio | 1.53 | 1.14 |
| Calmar Ratio | 1.21 | 1.19 |
| Martin Ratio | 16.54 | 3.54 |
| Ulcer Index | 2.17% | 2.91% |
| Daily Std Dev | 12.69% | 13.70% |
| Max Drawdown | -36.95% | -50.27% |
| Current Drawdown | -6.76% | -4.36% |
Correlation
The correlation between CEFD and TSLX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CEFD vs. TSLX - Performance Comparison
In the year-to-date period, CEFD achieves a 22.27% return, which is significantly higher than TSLX's 3.96% 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
CEFD vs. TSLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and Sixth Street Specialty Lending, Inc. (TSLX). 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
CEFD vs. TSLX - Dividend Comparison
CEFD's dividend yield for the trailing twelve months is around 13.24%, more than TSLX's 12.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 13.24% | 14.76% | 16.57% | 10.31% | 5.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSLX Sixth Street Specialty Lending, Inc. | 12.60% | 9.72% | 10.34% | 15.35% | 11.08% | 8.43% | 9.84% | 10.81% | 8.35% | 9.62% | 9.10% |
Drawdowns
CEFD vs. TSLX - Drawdown Comparison
The maximum CEFD drawdown since its inception was -36.95%, smaller than the maximum TSLX drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for CEFD and TSLX. For additional features, visit the drawdowns tool.
Volatility
CEFD vs. TSLX - Volatility Comparison
ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and Sixth Street Specialty Lending, Inc. (TSLX) have volatilities of 4.54% and 4.52%, 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.