FALN vs. SCYB
Compare and contrast key facts about iShares Fallen Angels USD Bond ETF (FALN) and Schwab High Yield Bond ETF (SCYB).
FALN and SCYB 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. SCYB is a passively managed fund by Charles Schwab that tracks the performance of the ICE BofA US Cash Pay High Yield Constrained Index. It was launched on Jul 10, 2023. Both FALN and SCYB 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: FALN or SCYB.
Correlation
The correlation between FALN and SCYB is 0.61, 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
FALN vs. SCYB - Performance Comparison
Key characteristics
FALN:
1.04
SCYB:
1.83
FALN:
1.48
SCYB:
2.68
FALN:
1.23
SCYB:
1.40
FALN:
1.18
SCYB:
2.16
FALN:
6.16
SCYB:
11.69
FALN:
1.14%
SCYB:
0.91%
FALN:
6.74%
SCYB:
5.81%
FALN:
-29.22%
SCYB:
-4.92%
FALN:
-1.79%
SCYB:
-0.96%
Returns By Period
In the year-to-date period, FALN achieves a 0.32% return, which is significantly lower than SCYB's 1.14% return.
FALN
0.32%
-1.30%
0.74%
7.25%
7.16%
N/A
SCYB
1.14%
-0.13%
2.03%
11.11%
N/A
N/A
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FALN vs. SCYB - Expense Ratio Comparison
FALN has a 0.25% expense ratio, which is higher than SCYB's 0.03% 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
FALN vs. SCYB — Risk-Adjusted Performance Rank
FALN
SCYB
FALN vs. SCYB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels USD Bond ETF (FALN) and Schwab High Yield Bond ETF (SCYB). 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
FALN vs. SCYB - Dividend Comparison
FALN's dividend yield for the trailing twelve months is around 6.30%, less than SCYB's 7.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
FALN iShares Fallen Angels USD Bond ETF | 6.30% | 6.24% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% |
SCYB Schwab High Yield Bond ETF | 7.18% | 7.07% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FALN vs. SCYB - Drawdown Comparison
The maximum FALN drawdown since its inception was -29.22%, which is greater than SCYB's maximum drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for FALN and SCYB. For additional features, visit the drawdowns tool.
Volatility
FALN vs. SCYB - Volatility Comparison
iShares Fallen Angels USD Bond ETF (FALN) has a higher volatility of 5.26% compared to Schwab High Yield Bond ETF (SCYB) at 4.33%. This indicates that FALN's price experiences larger fluctuations and is considered to be riskier than SCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.