ENIAX vs. FLTR
Compare and contrast key facts about SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR).
ENIAX is managed by SEI. It was launched on Dec 13, 2006. FLTR is a passively managed fund by VanEck that tracks the performance of the MVIS US Investment Grade Floating Rate Index. It was launched on Apr 25, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENIAX or FLTR.
Key characteristics
| ENIAX | FLTR | |
|---|---|---|
| YTD Return | 3.19% | 3.10% |
| 1Y Return | 9.51% | 8.15% |
| 3Y Return (Ann) | 4.29% | 3.74% |
| 5Y Return (Ann) | 4.14% | 3.11% |
| 10Y Return (Ann) | 3.53% | 2.42% |
| Sharpe Ratio | 3.48 | 8.02 |
| Daily Std Dev | 2.77% | 1.02% |
| Max Drawdown | -30.62% | -17.84% |
| Current Drawdown | -1.11% | 0.00% |
Correlation
The correlation between ENIAX and FLTR is 0.09, 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
ENIAX vs. FLTR - Performance Comparison
The year-to-date returns for both stocks are quite close, with ENIAX having a 3.19% return and FLTR slightly lower at 3.10%. Over the past 10 years, ENIAX has outperformed FLTR with an annualized return of 3.53%, while FLTR has yielded a comparatively lower 2.42% annualized 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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ENIAX vs. FLTR - Expense Ratio Comparison
ENIAX has a 0.23% expense ratio, which is higher than FLTR's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ENIAX vs. FLTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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
ENIAX vs. FLTR - Dividend Comparison
ENIAX's dividend yield for the trailing twelve months is around 7.01%, more than FLTR's 6.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 7.01% | 7.09% | 4.07% | 2.66% | 4.05% | 4.32% | 3.96% | 3.02% | 2.75% | 2.54% | 2.56% | 1.69% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 6.25% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% | 0.66% | 0.65% |
Drawdowns
ENIAX vs. FLTR - Drawdown Comparison
The maximum ENIAX drawdown since its inception was -30.62%, which is greater than FLTR's maximum drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for ENIAX and FLTR. For additional features, visit the drawdowns tool.
Volatility
ENIAX vs. FLTR - Volatility Comparison
SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) has a higher volatility of 0.31% compared to VanEck Vectors Investment Grade Floating Rate ETF (FLTR) at 0.25%. This indicates that ENIAX's price experiences larger fluctuations and is considered to be riskier than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.