FTSL vs. USHY
Compare and contrast key facts about First Trust Senior Loan Fund (FTSL) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
FTSL and USHY 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. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTSL or USHY.
Performance
FTSL vs. USHY - Performance Comparison
Returns By Period
In the year-to-date period, FTSL achieves a 7.45% return, which is significantly lower than USHY's 8.41% return.
FTSL
7.45%
1.13%
4.16%
9.28%
4.93%
4.11%
USHY
8.41%
0.06%
5.85%
13.21%
4.46%
N/A
Key characteristics
| FTSL | USHY | |
|---|---|---|
| Sharpe Ratio | 4.78 | 3.09 |
| Sortino Ratio | 7.29 | 4.85 |
| Omega Ratio | 2.28 | 1.62 |
| Calmar Ratio | 8.54 | 3.17 |
| Martin Ratio | 58.58 | 23.62 |
| Ulcer Index | 0.16% | 0.57% |
| Daily Std Dev | 1.94% | 4.35% |
| Max Drawdown | -22.67% | -22.44% |
| Current Drawdown | 0.00% | -0.48% |
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FTSL vs. USHY - Expense Ratio Comparison
FTSL has a 0.86% expense ratio, which is higher than USHY's 0.15% expense ratio.
Correlation
The correlation between FTSL and USHY is 0.48, 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.
Risk-Adjusted Performance
FTSL vs. USHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Senior Loan Fund (FTSL) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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. USHY - Dividend Comparison
FTSL's dividend yield for the trailing twelve months is around 7.62%, more than USHY's 6.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSL First Trust Senior Loan Fund | 7.62% | 7.59% | 4.77% | 3.18% | 3.48% | 4.45% | 4.29% | 3.64% | 3.70% | 3.95% | 3.75% | 2.64% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.69% | 6.62% | 6.08% | 5.07% | 5.31% | 5.91% | 6.30% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTSL vs. USHY - Drawdown Comparison
The maximum FTSL drawdown since its inception was -22.67%, roughly equal to the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for FTSL and USHY. For additional features, visit the drawdowns tool.
Volatility
FTSL vs. USHY - Volatility Comparison
The current volatility for First Trust Senior Loan Fund (FTSL) is 0.49%, while iShares Broad USD High Yield Corporate Bond ETF (USHY) has a volatility of 1.06%. This indicates that FTSL experiences smaller price fluctuations and is considered to be less risky than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.