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FLTR vs. ICSH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FLTR vs. ICSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and iShares Ultra Short-Term Bond ETF (ICSH). The values are adjusted to include any dividend payments, if applicable.

0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%JuneJulyAugustSeptemberOctoberNovember
2.99%
2.79%
FLTR
ICSH

Returns By Period

In the year-to-date period, FLTR achieves a 6.60% return, which is significantly higher than ICSH's 4.94% return. Over the past 10 years, FLTR has outperformed ICSH with an annualized return of 2.71%, while ICSH has yielded a comparatively lower 2.43% annualized return.


FLTR

YTD

6.60%

1M

0.58%

6M

3.07%

1Y

7.55%

5Y (annualized)

3.40%

10Y (annualized)

2.71%

ICSH

YTD

4.94%

1M

0.31%

6M

2.81%

1Y

5.76%

5Y (annualized)

2.68%

10Y (annualized)

2.43%

Key characteristics


FLTRICSH
Sharpe Ratio7.4413.41
Sortino Ratio12.2136.60
Omega Ratio3.838.13
Calmar Ratio10.2583.36
Martin Ratio114.61501.98
Ulcer Index0.07%0.01%
Daily Std Dev1.02%0.43%
Max Drawdown-17.84%-3.94%
Current Drawdown-0.04%0.00%

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FLTR vs. ICSH - Expense Ratio Comparison

FLTR has a 0.14% expense ratio, which is higher than ICSH's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


FLTR
VanEck Vectors Investment Grade Floating Rate ETF
Expense ratio chart for FLTR: current value at 0.14% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.14%
Expense ratio chart for ICSH: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Correlation

-0.50.00.51.00.1

The correlation between FLTR and ICSH 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.

Risk-Adjusted Performance

FLTR vs. ICSH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and iShares Ultra Short-Term Bond ETF (ICSH). 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.


Sharpe ratio
The chart of Sharpe ratio for FLTR, currently valued at 7.44, compared to the broader market0.002.004.006.007.4413.41
The chart of Sortino ratio for FLTR, currently valued at 12.21, compared to the broader market-2.000.002.004.006.008.0010.0012.0012.2136.60
The chart of Omega ratio for FLTR, currently valued at 3.83, compared to the broader market0.501.001.502.002.503.003.838.13
The chart of Calmar ratio for FLTR, currently valued at 10.25, compared to the broader market0.005.0010.0015.0010.2583.36
The chart of Martin ratio for FLTR, currently valued at 114.61, compared to the broader market0.0020.0040.0060.0080.00100.00114.61501.98
FLTR
ICSH

The current FLTR Sharpe Ratio is 7.44, which is lower than the ICSH Sharpe Ratio of 13.41. The chart below compares the historical Sharpe Ratios of FLTR and ICSH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio6.008.0010.0012.0014.00JuneJulyAugustSeptemberOctoberNovember
7.44
13.41
FLTR
ICSH

Dividends

FLTR vs. ICSH - Dividend Comparison

FLTR's dividend yield for the trailing twelve months is around 6.10%, more than ICSH's 5.27% yield.


TTM20232022202120202019201820172016201520142013
FLTR
VanEck Vectors Investment Grade Floating Rate ETF
6.10%6.08%2.30%0.63%1.49%3.05%2.67%1.69%1.16%0.71%0.66%0.65%
ICSH
iShares Ultra Short-Term Bond ETF
5.27%4.78%1.66%0.42%1.22%2.60%2.19%1.36%0.88%0.54%0.46%0.00%

Drawdowns

FLTR vs. ICSH - Drawdown Comparison

The maximum FLTR drawdown since its inception was -17.84%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for FLTR and ICSH. For additional features, visit the drawdowns tool.


-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.04%
0
FLTR
ICSH

Volatility

FLTR vs. ICSH - Volatility Comparison

VanEck Vectors Investment Grade Floating Rate ETF (FLTR) has a higher volatility of 0.26% compared to iShares Ultra Short-Term Bond ETF (ICSH) at 0.14%. This indicates that FLTR's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.10%0.20%0.30%0.40%0.50%0.60%0.70%JuneJulyAugustSeptemberOctoberNovember
0.26%
0.14%
FLTR
ICSH