FCVT vs. FALN
Compare and contrast key facts about First Trust SSI Strategic Convertible Securities ETF (FCVT) and iShares Fallen Angels USD Bond ETF (FALN).
FCVT and FALN 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. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCVT or FALN.
Key characteristics
| FCVT | FALN | |
|---|---|---|
| YTD Return | 12.14% | 8.24% |
| 1Y Return | 24.60% | 14.78% |
| 3Y Return (Ann) | -3.82% | 1.75% |
| 5Y Return (Ann) | 9.30% | 5.63% |
| Sharpe Ratio | 2.40 | 3.05 |
| Sortino Ratio | 3.32 | 4.69 |
| Omega Ratio | 1.44 | 1.60 |
| Calmar Ratio | 0.79 | 1.69 |
| Martin Ratio | 13.75 | 21.66 |
| Ulcer Index | 1.75% | 0.69% |
| Daily Std Dev | 10.04% | 4.93% |
| Max Drawdown | -31.79% | -29.22% |
| Current Drawdown | -12.72% | -0.03% |
Correlation
The correlation between FCVT and FALN is 0.50, 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. FALN - Performance Comparison
In the year-to-date period, FCVT achieves a 12.14% return, which is significantly higher than FALN's 8.24% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FCVT vs. FALN - Expense Ratio Comparison
FCVT has a 0.95% expense ratio, which is higher than FALN's 0.25% expense ratio.
Risk-Adjusted Performance
FCVT vs. FALN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust SSI Strategic Convertible Securities ETF (FCVT) and iShares Fallen Angels USD Bond ETF (FALN). 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. FALN - Dividend Comparison
FCVT's dividend yield for the trailing twelve months is around 1.59%, less than FALN's 6.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCVT First Trust SSI Strategic Convertible Securities ETF | 1.59% | 1.76% | 3.71% | 23.07% | 1.72% | 1.60% | 1.85% | 2.18% | 1.88% | 0.59% |
FALN iShares Fallen Angels USD Bond ETF | 6.06% | 5.38% | 5.08% | 3.39% | 5.14% | 5.35% | 5.97% | 6.99% | 3.54% | 0.00% |
Drawdowns
FCVT vs. FALN - Drawdown Comparison
The maximum FCVT drawdown since its inception was -31.79%, which is greater than FALN's maximum drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for FCVT and FALN. For additional features, visit the drawdowns tool.
Volatility
FCVT vs. FALN - Volatility Comparison
First Trust SSI Strategic Convertible Securities ETF (FCVT) has a higher volatility of 3.07% compared to iShares Fallen Angels USD Bond ETF (FALN) at 1.35%. This indicates that FCVT's price experiences larger fluctuations and is considered to be riskier than FALN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.