FALN vs. FCVT
Compare and contrast key facts about iShares Fallen Angels USD Bond ETF (FALN) and First Trust SSI Strategic Convertible Securities ETF (FCVT).
FALN and FCVT 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. FCVT is an actively managed fund by First Trust. It was launched on Nov 4, 2015.
Performance
FALN vs. FCVT - Performance Comparison
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FALN vs. FCVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FALN iShares Fallen Angels USD Bond ETF | -1.06% | 8.92% | 7.68% | 13.47% | -13.79% | 5.40% | 14.85% | 17.42% | -4.97% | 8.70% |
FCVT First Trust SSI Strategic Convertible Securities ETF | 2.96% | 19.60% | 11.92% | 7.12% | -20.88% | 4.23% | 51.02% | 22.30% | -2.28% | 12.66% |
Returns By Period
In the year-to-date period, FALN achieves a -1.06% return, which is significantly lower than FCVT's 2.96% return.
FALN
- 1D
- 1.04%
- 1M
- -2.55%
- YTD
- -1.06%
- 6M
- -0.67%
- 1Y
- 6.34%
- 3Y*
- 8.32%
- 5Y*
- 3.59%
- 10Y*
- —
FCVT
- 1D
- 2.83%
- 1M
- -3.42%
- YTD
- 2.96%
- 6M
- 3.95%
- 1Y
- 28.88%
- 3Y*
- 13.46%
- 5Y*
- 3.16%
- 10Y*
- 10.49%
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FALN vs. FCVT - Expense Ratio Comparison
FALN has a 0.25% expense ratio, which is lower than FCVT's 0.95% expense ratio.
Return for Risk
FALN vs. FCVT — Risk / Return Rank
FALN
FCVT
FALN vs. FCVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels USD Bond ETF (FALN) and First Trust SSI Strategic Convertible Securities ETF (FCVT). 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.
| FALN | FCVT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 1.81 | -0.88 |
Sortino ratioReturn per unit of downside risk | 1.31 | 2.38 | -1.06 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 3.37 | -2.22 |
Martin ratioReturn relative to average drawdown | 4.96 | 11.45 | -6.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FALN | FCVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.81 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.23 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.57 | +0.15 |
Correlation
The correlation between FALN and FCVT is 0.50, 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.
Dividends
FALN vs. FCVT - Dividend Comparison
FALN's dividend yield for the trailing twelve months is around 6.51%, more than FCVT's 1.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FALN iShares Fallen Angels USD Bond ETF | 6.51% | 6.31% | 6.24% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% | 0.00% |
FCVT First Trust SSI Strategic Convertible Securities ETF | 1.65% | 1.98% | 1.30% | 1.76% | 3.71% | 23.07% | 1.72% | 1.60% | 1.85% | 2.18% | 1.88% | 0.59% |
Drawdowns
FALN vs. FCVT - Drawdown Comparison
The maximum FALN drawdown since its inception was -29.22%, smaller than the maximum FCVT drawdown of -31.79%. Use the drawdown chart below to compare losses from any high point for FALN and FCVT.
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Drawdown Indicators
| FALN | FCVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.22% | -31.79% | +2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -8.47% | +2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -18.78% | -30.43% | +11.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.79% | — |
Current DrawdownCurrent decline from peak | -2.83% | -5.88% | +3.05% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -10.52% | +7.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 2.49% | -1.20% |
Volatility
FALN vs. FCVT - Volatility Comparison
The current volatility for iShares Fallen Angels USD Bond ETF (FALN) is 2.77%, while First Trust SSI Strategic Convertible Securities ETF (FCVT) has a volatility of 7.16%. This indicates that FALN experiences smaller price fluctuations and is considered to be less risky than FCVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FALN | FCVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 7.16% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 12.93% | -9.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.90% | 16.06% | -9.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.28% | 13.94% | -6.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.01% | 16.94% | -7.93% |