EBLU vs. AIRR
Compare and contrast key facts about Ecofin Global Water ESG Fund (EBLU) and First Trust RBA American Industrial Renaissance ETF (AIRR).
EBLU and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EBLU is a passively managed fund by Tortoise that tracks the performance of the Ecofin Water ESG Index. It was launched on Feb 15, 2017. AIRR is a passively managed fund by First Trust that tracks the performance of the Richard Bernstein Advisors American Industrial Renaissance (TR). It was launched on Mar 10, 2014. Both EBLU and AIRR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EBLU or AIRR.
Key characteristics
| EBLU | AIRR | |
|---|---|---|
| YTD Return | 16.37% | 46.22% |
| 1Y Return | 34.01% | 77.25% |
| 3Y Return (Ann) | 1.88% | 21.69% |
| 5Y Return (Ann) | 10.50% | 24.23% |
| Sharpe Ratio | 2.36 | 3.10 |
| Sortino Ratio | 3.33 | 3.94 |
| Omega Ratio | 1.41 | 1.50 |
| Calmar Ratio | 1.42 | 5.43 |
| Martin Ratio | 12.36 | 18.68 |
| Ulcer Index | 2.71% | 4.08% |
| Daily Std Dev | 14.24% | 24.59% |
| Max Drawdown | -37.58% | -42.37% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between EBLU and AIRR is 0.65, 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
EBLU vs. AIRR - Performance Comparison
In the year-to-date period, EBLU achieves a 16.37% return, which is significantly lower than AIRR's 46.22% 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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EBLU vs. AIRR - Expense Ratio Comparison
EBLU has a 0.40% expense ratio, which is lower than AIRR's 0.70% expense ratio.
Risk-Adjusted Performance
EBLU vs. AIRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ecofin Global Water ESG Fund (EBLU) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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
EBLU vs. AIRR - Dividend Comparison
EBLU's dividend yield for the trailing twelve months is around 1.12%, more than AIRR's 0.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
EBLU Ecofin Global Water ESG Fund | 1.12% | 1.46% | 0.00% | 1.55% | 1.42% | 1.58% | 1.35% | 0.20% | 0.00% | 0.00% | 0.00% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.15% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.37% |
Drawdowns
EBLU vs. AIRR - Drawdown Comparison
The maximum EBLU drawdown since its inception was -37.58%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for EBLU and AIRR. For additional features, visit the drawdowns tool.
Volatility
EBLU vs. AIRR - Volatility Comparison
The current volatility for Ecofin Global Water ESG Fund (EBLU) is 4.70%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 9.31%. This indicates that EBLU experiences smaller price fluctuations and is considered to be less risky than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.