FDAAX vs. VONE
Compare and contrast key facts about Franklin Floating Rate Daily Access Fund (FDAAX) and Vanguard Russell 1000 ETF (VONE).
FDAAX is managed by Franklin Templeton Investments. It was launched on Apr 30, 2001. VONE is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Index. It was launched on Sep 20, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDAAX or VONE.
Key characteristics
| FDAAX | VONE | |
|---|---|---|
| YTD Return | 7.15% | 25.71% |
| 1Y Return | 9.75% | 34.08% |
| 3Y Return (Ann) | 6.97% | 9.10% |
| 5Y Return (Ann) | 5.28% | 15.35% |
| 10Y Return (Ann) | 4.03% | 13.04% |
| Sharpe Ratio | 3.19 | 2.81 |
| Sortino Ratio | 8.22 | 3.74 |
| Omega Ratio | 2.60 | 1.53 |
| Calmar Ratio | 8.51 | 4.02 |
| Martin Ratio | 41.56 | 18.26 |
| Ulcer Index | 0.24% | 1.88% |
| Daily Std Dev | 3.11% | 12.23% |
| Max Drawdown | -25.73% | -34.67% |
| Current Drawdown | -0.13% | -1.05% |
Correlation
The correlation between FDAAX and VONE is 0.17, 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. VONE - Performance Comparison
In the year-to-date period, FDAAX achieves a 7.15% return, which is significantly lower than VONE's 25.71% return. Over the past 10 years, FDAAX has underperformed VONE with an annualized return of 4.03%, while VONE has yielded a comparatively higher 13.04% annualized 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. VONE - Expense Ratio Comparison
FDAAX has a 0.67% expense ratio, which is higher than VONE's 0.08% expense ratio.
Risk-Adjusted Performance
FDAAX vs. VONE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Floating Rate Daily Access Fund (FDAAX) and Vanguard Russell 1000 ETF (VONE). 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. VONE - Dividend Comparison
FDAAX's dividend yield for the trailing twelve months is around 9.07%, more than VONE's 1.21% 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% |
VONE Vanguard Russell 1000 ETF | 1.21% | 1.40% | 1.59% | 1.16% | 1.45% | 1.66% | 1.96% | 1.69% | 1.89% | 1.89% | 1.68% | 1.70% |
Drawdowns
FDAAX vs. VONE - Drawdown Comparison
The maximum FDAAX drawdown since its inception was -25.73%, smaller than the maximum VONE drawdown of -34.67%. Use the drawdown chart below to compare losses from any high point for FDAAX and VONE. For additional features, visit the drawdowns tool.
Volatility
FDAAX vs. VONE - Volatility Comparison
The current volatility for Franklin Floating Rate Daily Access Fund (FDAAX) is 0.79%, while Vanguard Russell 1000 ETF (VONE) has a volatility of 3.88%. This indicates that FDAAX experiences smaller price fluctuations and is considered to be less risky than VONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.