ICLO vs. VMFXX

In the year-to-date period, ICLO achieves a 6.37% return, which is significantly higher than VMFXX's 4.46% return.

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ICLO has a 0.26% expense ratio, which is higher than VMFXX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

This table presents a comparison of risk-adjusted performance metrics for Invesco Aaa Clo Floating Rate Note ETF (ICLO) and Vanguard Federal Money Market Fund (VMFXX). 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.

The current ICLO Sharpe Ratio is 6.44, which is higher than the VMFXX Sharpe Ratio of 3.63. The chart below compares the historical Sharpe Ratios of ICLO and VMFXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

ICLO's dividend yield for the trailing twelve months is around 7.02%, more than VMFXX's 5.24% yield.

The maximum ICLO drawdown since its inception was -0.83%, which is greater than VMFXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ICLO and VMFXX. For additional features, visit the drawdowns tool.

The current volatility for Invesco Aaa Clo Floating Rate Note ETF (ICLO) is 0.23%, while Vanguard Federal Money Market Fund (VMFXX) has a volatility of 0.41%. This indicates that ICLO experiences smaller price fluctuations and is considered to be less risky than VMFXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.