CTRE vs. FALN
Compare and contrast key facts about CareTrust REIT, Inc. (CTRE) and iShares Fallen Angels USD Bond ETF (FALN).
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: CTRE or FALN.
Key characteristics
| CTRE | FALN | |
|---|---|---|
| YTD Return | 12.29% | 2.95% |
| 1Y Return | 34.41% | 14.63% |
| 3Y Return (Ann) | 8.81% | 1.53% |
| 5Y Return (Ann) | 4.94% | 5.44% |
| Sharpe Ratio | 1.59 | 2.40 |
| Daily Std Dev | 19.91% | 5.82% |
| Max Drawdown | -67.43% | -29.22% |
| Current Drawdown | -1.90% | -0.07% |
Correlation
The correlation between CTRE and FALN is 0.33, 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
CTRE vs. FALN - Performance Comparison
In the year-to-date period, CTRE achieves a 12.29% return, which is significantly higher than FALN's 2.95% 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
CTRE vs. FALN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CareTrust REIT, Inc. (CTRE) 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
CTRE vs. FALN - Dividend Comparison
CTRE's dividend yield for the trailing twelve months is around 4.55%, less than FALN's 5.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CTRE CareTrust REIT, Inc. | 4.55% | 5.00% | 5.92% | 4.64% | 4.51% | 4.36% | 5.55% | 5.52% | 4.44% | 5.84% | 48.73% |
FALN iShares Fallen Angels USD Bond ETF | 5.75% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% | 0.00% | 0.00% |
Drawdowns
CTRE vs. FALN - Drawdown Comparison
The maximum CTRE drawdown since its inception was -67.43%, which is greater than FALN's maximum drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for CTRE and FALN. For additional features, visit the drawdowns tool.
Volatility
CTRE vs. FALN - Volatility Comparison
CareTrust REIT, Inc. (CTRE) has a higher volatility of 3.72% compared to iShares Fallen Angels USD Bond ETF (FALN) at 1.40%. This indicates that CTRE'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.