FTLB vs. NFLT
Compare and contrast key facts about First Trust Hedged BuyWrite Income ETF (FTLB) and Virtus Newfleet Multi-Sector Bond ETF (NFLT).
FTLB and NFLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTLB is an actively managed fund by First Trust. It was launched on Jan 6, 2014. NFLT is an actively managed fund by Virtus Investment Partners. It was launched on Aug 11, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTLB or NFLT.
Correlation
The correlation between FTLB and NFLT is 0.12, 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
FTLB vs. NFLT - Performance Comparison
Key characteristics
Returns By Period
FTLB
N/A
N/A
N/A
N/A
N/A
N/A
NFLT
0.60%
0.47%
3.30%
6.91%
2.71%
N/A
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FTLB vs. NFLT - Expense Ratio Comparison
FTLB has a 0.85% expense ratio, which is higher than NFLT's 0.50% expense ratio.
Risk-Adjusted Performance
FTLB vs. NFLT — Risk-Adjusted Performance Rank
FTLB
NFLT
FTLB vs. NFLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Hedged BuyWrite Income ETF (FTLB) and Virtus Newfleet Multi-Sector Bond ETF (NFLT). 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
FTLB vs. NFLT - Dividend Comparison
FTLB has not paid dividends to shareholders, while NFLT's dividend yield for the trailing twelve months is around 5.73%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTLB First Trust Hedged BuyWrite Income ETF | 5.99% | 5.99% | 11.49% | 9.85% | 3.05% | 3.27% | 2.95% | 1.82% | 2.74% | 3.02% | 1.20% | 3.30% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.73% | 5.77% | 6.02% | 4.16% | 3.40% | 3.64% | 4.33% | 4.81% | 6.22% | 5.28% | 0.67% | 0.00% |
Drawdowns
FTLB vs. NFLT - Drawdown Comparison
Volatility
FTLB vs. NFLT - Volatility Comparison
The current volatility for First Trust Hedged BuyWrite Income ETF (FTLB) is 0.00%, while Virtus Newfleet Multi-Sector Bond ETF (NFLT) has a volatility of 1.84%. This indicates that FTLB experiences smaller price fluctuations and is considered to be less risky than NFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.