FCVT vs. ANGL
Compare and contrast key facts about First Trust SSI Strategic Convertible Securities ETF (FCVT) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL).
FCVT and ANGL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCVT is an actively managed fund by First Trust. It was launched on Nov 4, 2015. ANGL is a passively managed fund by VanEck that tracks the performance of the BofA Merrill Lynch US Fallen Angel High Yield Index. It was launched on Apr 10, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCVT or ANGL.
Key characteristics
| FCVT | ANGL | |
|---|---|---|
| YTD Return | 13.39% | 6.14% |
| 1Y Return | 24.01% | 11.66% |
| 3Y Return (Ann) | -2.95% | 0.85% |
| 5Y Return (Ann) | 9.46% | 4.99% |
| Sharpe Ratio | 2.60 | 2.55 |
| Sortino Ratio | 3.59 | 3.97 |
| Omega Ratio | 1.48 | 1.50 |
| Calmar Ratio | 0.90 | 1.42 |
| Martin Ratio | 14.85 | 17.48 |
| Ulcer Index | 1.75% | 0.74% |
| Daily Std Dev | 10.00% | 5.06% |
| Max Drawdown | -31.79% | -35.07% |
| Current Drawdown | -11.75% | -0.58% |
Correlation
The correlation between FCVT and ANGL is 0.48, 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
FCVT vs. ANGL - Performance Comparison
In the year-to-date period, FCVT achieves a 13.39% return, which is significantly higher than ANGL's 6.14% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FCVT vs. ANGL - Expense Ratio Comparison
FCVT has a 0.95% expense ratio, which is higher than ANGL's 0.35% expense ratio.
Risk-Adjusted Performance
FCVT vs. ANGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust SSI Strategic Convertible Securities ETF (FCVT) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL). 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
FCVT vs. ANGL - Dividend Comparison
FCVT's dividend yield for the trailing twelve months is around 1.57%, less than ANGL's 6.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVT First Trust SSI Strategic Convertible Securities ETF | 1.57% | 1.76% | 3.71% | 23.07% | 1.72% | 1.60% | 1.85% | 2.18% | 1.88% | 0.59% | 0.00% | 0.00% |
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 6.08% | 5.27% | 4.72% | 3.90% | 4.67% | 5.20% | 6.00% | 5.25% | 5.79% | 5.82% | 6.80% | 6.10% |
Drawdowns
FCVT vs. ANGL - Drawdown Comparison
The maximum FCVT drawdown since its inception was -31.79%, smaller than the maximum ANGL drawdown of -35.07%. Use the drawdown chart below to compare losses from any high point for FCVT and ANGL. For additional features, visit the drawdowns tool.
Volatility
FCVT vs. ANGL - Volatility Comparison
First Trust SSI Strategic Convertible Securities ETF (FCVT) has a higher volatility of 3.16% compared to VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) at 1.37%. This indicates that FCVT's price experiences larger fluctuations and is considered to be riskier than ANGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.