FDAAX vs. VNLA
Compare and contrast key facts about Franklin Floating Rate Daily Access Fund (FDAAX) and Janus Henderson Short Duration Income ETF (VNLA).
FDAAX is managed by Franklin Templeton Investments. It was launched on Apr 30, 2001. VNLA is an actively managed fund by Janus Henderson. It was launched on Nov 16, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDAAX or VNLA.
Key characteristics
| FDAAX | VNLA | |
|---|---|---|
| YTD Return | 7.15% | 5.56% |
| 1Y Return | 9.75% | 7.04% |
| 3Y Return (Ann) | 6.97% | 3.79% |
| 5Y Return (Ann) | 5.28% | 2.88% |
| Sharpe Ratio | 3.19 | 7.06 |
| Sortino Ratio | 8.22 | 13.28 |
| Omega Ratio | 2.60 | 3.04 |
| Calmar Ratio | 8.51 | 24.21 |
| Martin Ratio | 41.56 | 112.76 |
| Ulcer Index | 0.24% | 0.06% |
| Daily Std Dev | 3.11% | 0.99% |
| Max Drawdown | -25.73% | -4.49% |
| Current Drawdown | -0.13% | 0.00% |
Correlation
The correlation between FDAAX and VNLA is 0.08, 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.
Performance
FDAAX vs. VNLA - Performance Comparison
In the year-to-date period, FDAAX achieves a 7.15% return, which is significantly higher than VNLA's 5.56% 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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FDAAX vs. VNLA - Expense Ratio Comparison
FDAAX has a 0.67% expense ratio, which is higher than VNLA's 0.26% expense ratio.
Risk-Adjusted Performance
FDAAX vs. VNLA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Floating Rate Daily Access Fund (FDAAX) and Janus Henderson Short Duration Income ETF (VNLA). 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
FDAAX vs. VNLA - Dividend Comparison
FDAAX's dividend yield for the trailing twelve months is around 9.07%, more than VNLA's 4.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDAAX Franklin Floating Rate Daily Access Fund | 9.07% | 8.34% | 5.91% | 3.70% | 5.07% | 5.63% | 5.20% | 3.81% | 4.58% | 5.12% | 4.16% | 3.84% |
VNLA Janus Henderson Short Duration Income ETF | 4.82% | 3.95% | 4.35% | 1.67% | 1.21% | 3.13% | 3.74% | 1.79% | 0.08% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDAAX vs. VNLA - Drawdown Comparison
The maximum FDAAX drawdown since its inception was -25.73%, which is greater than VNLA's maximum drawdown of -4.49%. Use the drawdown chart below to compare losses from any high point for FDAAX and VNLA. For additional features, visit the drawdowns tool.
Volatility
FDAAX vs. VNLA - Volatility Comparison
Franklin Floating Rate Daily Access Fund (FDAAX) has a higher volatility of 0.79% compared to Janus Henderson Short Duration Income ETF (VNLA) at 0.22%. This indicates that FDAAX's price experiences larger fluctuations and is considered to be riskier than VNLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.