Correlation
The correlation between HYFI and FLRN 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.
HYFI vs. FLRN
Compare and contrast key facts about AB High Yield ETF (HYFI) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN).
HYFI and FLRN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYFI is an actively managed fund by AB Funds. It was launched on Jul 26, 2016. FLRN is a passively managed fund by State Street that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Nov 30, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYFI or FLRN.
Performance
HYFI vs. FLRN - Performance Comparison
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Key characteristics
HYFI:
1.48
FLRN:
2.84
HYFI:
1.97
FLRN:
3.62
HYFI:
1.34
FLRN:
2.24
HYFI:
1.46
FLRN:
3.74
HYFI:
9.63
FLRN:
30.63
HYFI:
0.96%
FLRN:
0.17%
HYFI:
6.28%
FLRN:
1.88%
HYFI:
-6.34%
FLRN:
-14.64%
HYFI:
0.00%
FLRN:
-0.00%
Returns By Period
In the year-to-date period, HYFI achieves a 2.93% return, which is significantly higher than FLRN's 1.90% return.
HYFI
2.93%
2.03%
2.20%
9.22%
N/A
N/A
N/A
FLRN
1.90%
0.50%
2.41%
5.32%
5.48%
3.55%
2.56%
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HYFI vs. FLRN - Expense Ratio Comparison
HYFI has a 0.40% expense ratio, which is higher than FLRN's 0.15% expense ratio.
Risk-Adjusted Performance
HYFI vs. FLRN — Risk-Adjusted Performance Rank
HYFI
FLRN
HYFI vs. FLRN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB High Yield ETF (HYFI) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN). 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
HYFI vs. FLRN - Dividend Comparison
HYFI's dividend yield for the trailing twelve months is around 6.60%, more than FLRN's 5.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYFI AB High Yield ETF | 6.60% | 6.58% | 4.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 5.41% | 5.67% | 5.68% | 1.95% | 0.39% | 1.22% | 2.76% | 2.39% | 1.64% | 1.06% | 0.63% | 0.53% |
Drawdowns
HYFI vs. FLRN - Drawdown Comparison
The maximum HYFI drawdown since its inception was -6.34%, smaller than the maximum FLRN drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for HYFI and FLRN.
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Volatility
HYFI vs. FLRN - Volatility Comparison
AB High Yield ETF (HYFI) has a higher volatility of 1.17% compared to SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) at 0.25%. This indicates that HYFI's price experiences larger fluctuations and is considered to be riskier than FLRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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