IYF vs. FBDC
IYF (iShares U.S. Financials ETF) and FBDC (FT Confluence BDC & Specialty Finance Income ETF) are both Financials Equities funds. IYF is passively managed, while FBDC is actively managed. A 0.52 correlation means they provide meaningful diversification when combined. IYF charges 0.42%/yr vs 1.35%/yr for FBDC.
Performance
IYF vs. FBDC - Performance Comparison
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Returns By Period
In the year-to-date period, IYF achieves a -5.20% return, which is significantly higher than FBDC's -9.51% return.
IYF
- 1D
- -1.13%
- 1M
- -1.00%
- YTD
- -5.20%
- 6M
- -3.00%
- 1Y
- 5.96%
- 3Y*
- 20.58%
- 5Y*
- 9.52%
- 10Y*
- 12.56%
FBDC
- 1D
- -2.98%
- 1M
- -7.81%
- YTD
- -9.51%
- 6M
- -10.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYF vs. FBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYF iShares U.S. Financials ETF | -5.20% | 7.37% |
FBDC FT Confluence BDC & Specialty Finance Income ETF | -9.51% | -2.43% |
Correlation
The correlation between IYF and FBDC is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.52 |
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Return for Risk
IYF vs. FBDC — Risk / Return Rank
IYF
FBDC
IYF vs. FBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financials ETF (IYF) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). 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.
| IYF | FBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.08 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | — | — |
| Martin ratioReturn relative to average drawdown | 1.18 | — | — |
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
| IYF | FBDC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.70 | +0.92 |
Drawdowns
IYF vs. FBDC - Drawdown Comparison
The maximum IYF drawdown since its inception was -79.09%, which is greater than FBDC's maximum drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for IYF and FBDC.
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Drawdown Indicators
| IYF | FBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.09% | -20.60% | -58.49% |
Max Drawdown (1Y)Largest decline over 1 year | -13.88% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.57% | — | — |
Current DrawdownCurrent decline from peak | -8.10% | -17.24% | +9.14% |
Average DrawdownAverage peak-to-trough decline | -17.61% | -10.14% | -7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.06% | — | — |
Volatility
IYF vs. FBDC - Volatility Comparison
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Volatility by Period
| IYF | FBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.34% | 18.06% | -3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 18.06% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 18.06% | +2.83% |
IYF vs. FBDC - Expense Ratio Comparison
IYF has a 0.42% expense ratio, which is lower than FBDC's 1.35% expense ratio.
Dividends
IYF vs. FBDC - Dividend Comparison
IYF's dividend yield for the trailing twelve months is around 1.57%, less than FBDC's 11.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | 11.52% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYF iShares U.S. Financials ETF | 1.57% | 1.32% | 1.29% | 1.67% | 1.86% | 1.27% | 1.72% | 1.64% | 1.90% | 1.46% | 1.67% | 1.66% |
Frequently Asked Questions
IYF and FBDC have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IYF is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IYF is cheaper with a 0.42% expense ratio, compared with 1.35% for FBDC.
FBDC has the higher dividend yield at 11.52%, compared with 1.57% for IYF.
They also come from different issuers: iShares and First Trust. Their fees differ too: 0.42% for IYF and 1.35% for FBDC.
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