FBDC vs. IYF
FBDC (FT Confluence BDC & Specialty Finance Income ETF) and IYF (iShares U.S. Financials ETF) are both Financials Equities funds. FBDC is actively managed, while IYF is passively managed. A 0.51 correlation means they provide meaningful diversification when combined. FBDC charges 1.35%/yr vs 0.42%/yr for IYF.
Performance
FBDC vs. IYF - Performance Comparison
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Returns By Period
In the year-to-date period, FBDC achieves a -10.39% return, which is significantly lower than IYF's 0.92% return.
FBDC
- 1D
- 0.30%
- 1M
- -1.24%
- YTD
- -10.39%
- 6M
- -8.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYF
- 1D
- 0.41%
- 1M
- 4.59%
- YTD
- 0.92%
- 6M
- -0.33%
- 1Y
- 11.89%
- 3Y*
- 23.15%
- 5Y*
- 11.53%
- 10Y*
- 13.90%
FBDC vs. IYF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | -10.39% | -2.66% |
IYF iShares U.S. Financials ETF | 0.92% | 8.26% |
Correlation
The correlation between FBDC and IYF is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.51 |
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Return for Risk
FBDC vs. IYF — Risk / Return Rank
FBDC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IYF
FBDC vs. IYF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Confluence BDC & Specialty Finance Income ETF (FBDC) and iShares U.S. Financials ETF (IYF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FBDC | IYF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.86 | — |
| Martin ratioReturn relative to average drawdown | — | 2.32 | — |
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Drawdowns
FBDC vs. IYF - Drawdown Comparison
The maximum FBDC drawdown since its inception was -20.60%, smaller than the maximum IYF drawdown of -79.09%. Use the drawdown chart below to compare losses from any high point for FBDC and IYF.
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Drawdown Indicators
| FBDC | IYF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.60% | -79.09% | +58.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.88% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.57% | — |
Current DrawdownCurrent decline from peak | -18.04% | -2.17% | -15.87% |
Average DrawdownAverage peak-to-trough decline | -10.44% | -17.58% | +7.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.14% | — |
Volatility
FBDC vs. IYF - Volatility Comparison
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Volatility by Period
| FBDC | IYF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.19% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 14.53% | +3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 19.00% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 20.84% | -2.84% |
FBDC vs. IYF - Expense Ratio Comparison
FBDC has a 1.35% expense ratio, which is higher than IYF's 0.42% expense ratio.
Dividends
FBDC vs. IYF - Dividend Comparison
FBDC's dividend yield for the trailing twelve months is around 11.63%, more than IYF's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | 11.63% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYF iShares U.S. Financials ETF | 1.48% | 1.32% | 1.29% | 1.67% | 1.86% | 1.27% | 1.72% | 1.64% | 1.90% | 1.46% | 1.67% | 1.66% |
Frequently Asked Questions
FBDC and IYF have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IYF is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IYF is cheaper with a 0.42% expense ratio, compared with 1.35% for FBDC.
FBDC has the higher dividend yield at 11.63%, compared with 1.48% for IYF.
They also come from different issuers: First Trust and iShares. Their fees differ too: 1.35% for FBDC and 0.42% for IYF.
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