HYTR vs. FLTR
HYTR (CP High Yield Trend ETF) and FLTR (VanEck Vectors Investment Grade Floating Rate ETF) are both exchange-traded funds - HYTR is a High Yield Bonds fund tracking the CP High Yield Trend Index, while FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index. Both are passively managed. Over the past 5 years, HYTR returned 2.09%/yr vs 4.50%/yr for FLTR. At a 0.13 correlation, their price movements are largely independent. HYTR charges 0.97%/yr vs 0.14%/yr for FLTR.
Performance
HYTR vs. FLTR - Performance Comparison
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Returns By Period
In the year-to-date period, HYTR achieves a 0.35% return, which is significantly lower than FLTR's 1.95% return.
HYTR
- 1D
- 0.11%
- 1M
- 0.37%
- YTD
- 0.35%
- 6M
- 0.72%
- 1Y
- 5.23%
- 3Y*
- 6.52%
- 5Y*
- 2.09%
- 10Y*
- —
FLTR
- 1D
- 0.04%
- 1M
- 0.50%
- YTD
- 1.95%
- 6M
- 2.48%
- 1Y
- 5.30%
- 3Y*
- 6.10%
- 5Y*
- 4.50%
- 10Y*
- 3.50%
HYTR vs. FLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HYTR CP High Yield Trend ETF | 0.35% | 5.95% | 7.25% | 8.31% | -11.29% | 2.75% | -0.95% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 1.95% | 5.22% | 7.38% | 7.41% | 0.74% | 0.55% | 1.20% |
Correlation
The correlation between HYTR and FLTR is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.13 |
The correlation between HYTR and FLTR shifts across timeframes, from 0.13 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HYTR vs. FLTR — Risk / Return Rank
HYTR
FLTR
HYTR vs. FLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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.
| HYTR | FLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.34 | ||
| Sortino ratioReturn per unit of downside risk | -10.68 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 3.15 | -1.87 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 16.96 | -14.65 |
| Martin ratioReturn relative to average drawdown | 7.61 | 101.22 | -93.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYTR | FLTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 6.77 | -5.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 2.12 | -1.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.53 | -0.23 |
Drawdowns
HYTR vs. FLTR - Drawdown Comparison
The maximum HYTR drawdown since its inception was -13.25%, smaller than the maximum FLTR drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for HYTR and FLTR.
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Drawdown Indicators
| HYTR | FLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.25% | -17.84% | +4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.28% | -0.31% | -1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -4.93% | -1.93% | -3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -13.25% | -3.06% | -10.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.84% | — |
Current DrawdownCurrent decline from peak | -0.56% | 0.00% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -0.67% | -3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.05% | +0.64% |
Volatility
HYTR vs. FLTR - Volatility Comparison
CP High Yield Trend ETF (HYTR) has a higher volatility of 1.09% compared to VanEck Vectors Investment Grade Floating Rate ETF (FLTR) at 0.25%. This indicates that HYTR's price experiences larger fluctuations and is considered to be riskier than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYTR | FLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.25% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 0.62% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 0.79% | +2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.62% | 2.13% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 5.00% | +0.86% |
HYTR vs. FLTR - Expense Ratio Comparison
HYTR has a 0.97% expense ratio, which is higher than FLTR's 0.14% expense ratio.
Dividends
HYTR vs. FLTR - Dividend Comparison
HYTR's dividend yield for the trailing twelve months is around 5.70%, more than FLTR's 4.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 4.73% | 4.97% | 5.93% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% |
HYTR CP High Yield Trend ETF | 5.70% | 5.78% | 5.55% | 5.43% | 1.24% | 3.70% | 3.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYTR and FLTR have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYTR has higher volatility (1.09%) compared to FLTR (0.25%). In terms of maximum drawdown, HYTR dropped -13.25% vs FLTR's -17.84%.
On 5-year performance, FLTR leads with 4.50% vs 2.09% for HYTR. On fees, FLTR is cheaper at 0.14% per year. On volatility, FLTR has been the lower-risk option at 0.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLTR has performed better with a 4.50% return vs 2.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLTR is cheaper with a 0.14% expense ratio, compared with 0.97% for HYTR.
HYTR has the higher dividend yield at 5.70%, compared with 4.73% for FLTR.
HYTR is categorized as High Yield Bonds, while FLTR is Corporate Bonds. HYTR tracks CP High Yield Trend Index, while FLTR tracks MVIS US Investment Grade Floating Rate Index. They also come from different issuers: Counterpoint Mutual Funds LLC and VanEck. Their fees differ too: 0.97% for HYTR and 0.14% for FLTR.
FLTR currently has the higher Sharpe Ratio (6.77 vs 1.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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