FLTR vs. EMNT
Compare and contrast key facts about VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT).
FLTR and EMNT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLTR is a passively managed fund by VanEck that tracks the performance of the MVIS US Investment Grade Floating Rate Index. It was launched on Apr 25, 2011. EMNT is an actively managed fund by PIMCO. It was launched on Dec 10, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTR or EMNT.
Key characteristics
| FLTR | EMNT | |
|---|---|---|
| YTD Return | 6.40% | 5.13% |
| 1Y Return | 7.64% | 6.20% |
| 3Y Return (Ann) | 4.76% | 3.44% |
| Sharpe Ratio | 7.26 | 5.18 |
| Sortino Ratio | 11.77 | 8.02 |
| Omega Ratio | 3.76 | 4.76 |
| Calmar Ratio | 10.31 | 8.52 |
| Martin Ratio | 113.75 | 128.89 |
| Ulcer Index | 0.07% | 0.05% |
| Daily Std Dev | 1.05% | 1.20% |
| Max Drawdown | -17.84% | -2.28% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FLTR and EMNT is 0.06, 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
FLTR vs. EMNT - Performance Comparison
In the year-to-date period, FLTR achieves a 6.40% return, which is significantly higher than EMNT's 5.13% 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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FLTR vs. EMNT - Expense Ratio Comparison
FLTR has a 0.14% expense ratio, which is lower than EMNT's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FLTR vs. EMNT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT). 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
FLTR vs. EMNT - Dividend Comparison
FLTR's dividend yield for the trailing twelve months is around 6.11%, more than EMNT's 5.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 6.11% | 6.08% | 2.30% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% | 0.66% | 0.65% |
EMNT PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund | 5.18% | 4.62% | 2.79% | 0.83% | 1.44% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLTR vs. EMNT - Drawdown Comparison
The maximum FLTR drawdown since its inception was -17.84%, which is greater than EMNT's maximum drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for FLTR and EMNT. For additional features, visit the drawdowns tool.
Volatility
FLTR vs. EMNT - Volatility Comparison
VanEck Vectors Investment Grade Floating Rate ETF (FLTR) has a higher volatility of 0.27% compared to PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT) at 0.20%. This indicates that FLTR's price experiences larger fluctuations and is considered to be riskier than EMNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.