Correlation
The correlation between FCFY and VFLO is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
FCFY vs. VFLO
Compare and contrast key facts about First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) and Victoryshares Free Cash Flow ETF (VFLO).
FCFY and VFLO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCFY is a passively managed fund by First Trust that tracks the performance of the S&P 500 Sector-Neutral FCF Index - Benchmark TR Gross. It was launched on Aug 22, 2023. VFLO is a passively managed fund by VictoryShares that tracks the performance of the Victory U.S. Large Cap Free Cash Flow Index. It was launched on Jun 21, 2023. Both FCFY and VFLO 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: FCFY or VFLO.
Performance
FCFY vs. VFLO - Performance Comparison
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Key characteristics
FCFY:
0.37
VFLO:
0.55
FCFY:
0.69
VFLO:
0.87
FCFY:
1.10
VFLO:
1.12
FCFY:
0.38
VFLO:
0.57
FCFY:
1.41
VFLO:
2.03
FCFY:
5.80%
VFLO:
5.02%
FCFY:
21.49%
VFLO:
19.74%
FCFY:
-21.36%
VFLO:
-17.79%
FCFY:
-7.37%
VFLO:
-6.87%
Returns By Period
In the year-to-date period, FCFY achieves a -1.80% return, which is significantly lower than VFLO's -0.11% return.
FCFY
-1.80%
4.92%
-6.95%
6.48%
N/A
N/A
N/A
VFLO
-0.11%
3.14%
-6.72%
8.61%
N/A
N/A
N/A
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FCFY vs. VFLO - Expense Ratio Comparison
FCFY has a 0.60% expense ratio, which is higher than VFLO's 0.39% expense ratio.
Risk-Adjusted Performance
FCFY vs. VFLO — Risk-Adjusted Performance Rank
FCFY
VFLO
FCFY vs. VFLO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) and Victoryshares Free Cash Flow ETF (VFLO). 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.
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Dividends
FCFY vs. VFLO - Dividend Comparison
FCFY's dividend yield for the trailing twelve months is around 1.91%, more than VFLO's 1.31% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF | 1.91% | 1.77% | 0.73% |
VFLO Victoryshares Free Cash Flow ETF | 1.31% | 1.20% | 0.71% |
Drawdowns
FCFY vs. VFLO - Drawdown Comparison
The maximum FCFY drawdown since its inception was -21.36%, which is greater than VFLO's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for FCFY and VFLO.
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Volatility
FCFY vs. VFLO - Volatility Comparison
First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) has a higher volatility of 6.96% compared to Victoryshares Free Cash Flow ETF (VFLO) at 5.72%. This indicates that FCFY's price experiences larger fluctuations and is considered to be riskier than VFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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