FTSL vs. HYLB
Compare and contrast key facts about First Trust Senior Loan Fund (FTSL) and Xtrackers USD High Yield Corporate Bond ETF (HYLB).
FTSL and HYLB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTSL is an actively managed fund by First Trust. It was launched on May 1, 2013. HYLB is a passively managed fund by DWS that tracks the performance of the Solactive USD High Yield Corporates Total Market Index. It was launched on Dec 7, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTSL or HYLB.
Key characteristics
| FTSL | HYLB | |
|---|---|---|
| YTD Return | 2.64% | 0.77% |
| 1Y Return | 10.49% | 8.36% |
| 3Y Return (Ann) | 4.55% | 1.10% |
| 5Y Return (Ann) | 4.26% | 2.97% |
| Sharpe Ratio | 4.56 | 1.46 |
| Daily Std Dev | 2.30% | 6.03% |
| Max Drawdown | -22.67% | -22.91% |
| Current Drawdown | 0.00% | -0.84% |
Correlation
The correlation between FTSL and HYLB is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FTSL vs. HYLB - Performance Comparison
In the year-to-date period, FTSL achieves a 2.64% return, which is significantly higher than HYLB's 0.77% 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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FTSL vs. HYLB - Expense Ratio Comparison
FTSL has a 0.86% expense ratio, which is higher than HYLB's 0.15% expense ratio.
Risk-Adjusted Performance
FTSL vs. HYLB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Senior Loan Fund (FTSL) and Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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
FTSL vs. HYLB - Dividend Comparison
FTSL's dividend yield for the trailing twelve months is around 7.73%, more than HYLB's 6.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSL First Trust Senior Loan Fund | 7.73% | 7.59% | 4.77% | 3.17% | 3.48% | 4.43% | 4.29% | 3.64% | 3.70% | 3.95% | 3.74% | 2.64% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 5.56% | 5.84% | 5.53% | 4.45% | 5.23% | 5.71% | 5.95% | 5.85% | 0.27% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTSL vs. HYLB - Drawdown Comparison
The maximum FTSL drawdown since its inception was -22.67%, roughly equal to the maximum HYLB drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for FTSL and HYLB. For additional features, visit the drawdowns tool.
Volatility
FTSL vs. HYLB - Volatility Comparison
The current volatility for First Trust Senior Loan Fund (FTSL) is 0.53%, while Xtrackers USD High Yield Corporate Bond ETF (HYLB) has a volatility of 1.54%. This indicates that FTSL experiences smaller price fluctuations and is considered to be less risky than HYLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.