FLTR vs. ENIAX
Compare and contrast key facts about VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX).
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. ENIAX is managed by SEI. It was launched on Dec 13, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTR or ENIAX.
Correlation
The correlation between FLTR and ENIAX is 0.16, 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. ENIAX - Performance Comparison
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Key characteristics
FLTR:
2.38
ENIAX:
2.38
FLTR:
2.76
ENIAX:
2.69
FLTR:
2.02
ENIAX:
2.62
FLTR:
0.14
ENIAX:
2.36
FLTR:
20.82
ENIAX:
10.05
FLTR:
0.27%
ENIAX:
0.52%
FLTR:
2.34%
ENIAX:
2.17%
FLTR:
-56.97%
ENIAX:
-30.62%
FLTR:
-37.49%
ENIAX:
-0.74%
Returns By Period
In the year-to-date period, FLTR achieves a 1.48% return, which is significantly higher than ENIAX's 0.38% return. Over the past 10 years, FLTR has underperformed ENIAX with an annualized return of -4.20%, while ENIAX has yielded a comparatively higher 3.86% annualized return.
FLTR
1.48%
0.78%
2.34%
5.53%
4.10%
-4.20%
ENIAX
0.38%
1.13%
1.16%
5.12%
5.27%
3.86%
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FLTR vs. ENIAX - Expense Ratio Comparison
FLTR has a 0.14% expense ratio, which is lower than ENIAX's 0.23% 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. ENIAX — Risk-Adjusted Performance Rank
FLTR
ENIAX
FLTR vs. ENIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX). 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.
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Dividends
FLTR vs. ENIAX - Dividend Comparison
FLTR's dividend yield for the trailing twelve months is around 5.51%, less than ENIAX's 6.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 5.51% | 5.93% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 0.84% | 0.58% | 0.35% | 0.33% |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 6.57% | 6.78% | 7.08% | 4.07% | 2.67% | 4.06% | 4.32% | 3.97% | 3.01% | 2.76% | 2.55% | 2.56% |
Drawdowns
FLTR vs. ENIAX - Drawdown Comparison
The maximum FLTR drawdown since its inception was -56.97%, which is greater than ENIAX's maximum drawdown of -30.62%. Use the drawdown chart below to compare losses from any high point for FLTR and ENIAX. For additional features, visit the drawdowns tool.
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Volatility
FLTR vs. ENIAX - Volatility Comparison
The current volatility for VanEck Vectors Investment Grade Floating Rate ETF (FLTR) is 0.30%, while SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) has a volatility of 0.39%. This indicates that FLTR experiences smaller price fluctuations and is considered to be less risky than ENIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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