FCT vs. VARBX
Compare and contrast key facts about First Trust Senior Floating Rate Income Fund II (FCT) and Vivaldi Merger Arbitrage Fund Class I (VARBX).
FCT is managed by First Trust. It was launched on Jan 1, 2013. VARBX is managed by First Trust. It was launched on Oct 1, 2015.
Performance
FCT vs. VARBX - Performance Comparison
Loading graphics...
FCT vs. VARBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCT First Trust Senior Floating Rate Income Fund II | -1.43% | 9.24% | 14.91% | 18.06% | -14.54% | 13.72% | 2.73% | 20.13% | -8.07% | -1.07% |
VARBX Vivaldi Merger Arbitrage Fund Class I | 0.76% | 6.06% | 12.64% | 3.30% | 2.38% | 5.42% | 4.00% | 4.28% | 4.11% | 2.39% |
Returns By Period
In the year-to-date period, FCT achieves a -1.43% return, which is significantly lower than VARBX's 0.76% return. Over the past 10 years, FCT has outperformed VARBX with an annualized return of 6.06%, while VARBX has yielded a comparatively lower 4.44% annualized return.
FCT
- 1D
- 1.26%
- 1M
- -1.46%
- YTD
- -1.43%
- 6M
- 2.26%
- 1Y
- 6.86%
- 3Y*
- 11.06%
- 5Y*
- 5.40%
- 10Y*
- 6.06%
VARBX
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 0.76%
- 6M
- 2.21%
- 1Y
- 5.36%
- 3Y*
- 7.33%
- 5Y*
- 5.43%
- 10Y*
- 4.44%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FCT vs. VARBX - Expense Ratio Comparison
FCT has a 0.03% expense ratio, which is lower than VARBX's 1.81% expense ratio.
Return for Risk
FCT vs. VARBX — Risk / Return Rank
FCT
VARBX
FCT vs. VARBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Senior Floating Rate Income Fund II (FCT) and Vivaldi Merger Arbitrage Fund Class I (VARBX). 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.
| FCT | VARBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 4.06 | -3.51 |
Sortino ratioReturn per unit of downside risk | 0.89 | 6.90 | -6.01 |
Omega ratioGain probability vs. loss probability | 1.15 | 2.36 | -1.21 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 8.40 | -7.73 |
Martin ratioReturn relative to average drawdown | 3.05 | 36.29 | -33.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FCT | VARBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 4.06 | -3.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 1.65 | -1.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 1.33 | -0.87 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 1.40 | -1.12 |
Correlation
The correlation between FCT and VARBX is 0.14, 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.
Dividends
FCT vs. VARBX - Dividend Comparison
FCT's dividend yield for the trailing twelve months is around 12.07%, more than VARBX's 5.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCT First Trust Senior Floating Rate Income Fund II | 11.07% | 11.56% | 11.25% | 10.62% | 9.03% | 9.23% | 9.88% | 6.60% | 6.49% | 6.16% | 6.11% | 7.17% |
VARBX Vivaldi Merger Arbitrage Fund Class I | 5.99% | 6.04% | 12.59% | 4.07% | 0.75% | 8.42% | 0.81% | 5.54% | 2.15% | 1.70% | 0.06% | 0.04% |
Drawdowns
FCT vs. VARBX - Drawdown Comparison
The maximum FCT drawdown since its inception was -67.23%, which is greater than VARBX's maximum drawdown of -5.12%. Use the drawdown chart below to compare losses from any high point for FCT and VARBX.
Loading graphics...
Drawdown Indicators
| FCT | VARBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.23% | -5.12% | -62.11% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -0.64% | -9.19% |
Max Drawdown (5Y)Largest decline over 5 years | -23.86% | -1.79% | -22.07% |
Max Drawdown (10Y)Largest decline over 10 years | -39.88% | -5.12% | -34.76% |
Current DrawdownCurrent decline from peak | -2.77% | 0.00% | -2.77% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -0.57% | -8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 0.15% | +2.03% |
Volatility
FCT vs. VARBX - Volatility Comparison
First Trust Senior Floating Rate Income Fund II (FCT) has a higher volatility of 2.70% compared to Vivaldi Merger Arbitrage Fund Class I (VARBX) at 0.32%. This indicates that FCT's price experiences larger fluctuations and is considered to be riskier than VARBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FCT | VARBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 0.32% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 0.73% | +6.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 1.35% | +11.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.12% | 3.31% | +8.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.35% | 3.35% | +10.00% |