NFLT vs. BBP
NFLT (Virtus Newfleet Multi-Sector Bond ETF) and BBP (Virtus LifeSci Biotech Products ETF) are both exchange-traded funds - NFLT is a Multisector Bonds fund actively managed by Virtus, while BBP is a Health & Biotech Equities fund tracking the LifeSci Biotechnology Products Index. NFLT is actively managed, while BBP is passively managed. Over the past 10 years, NFLT returned 3.83%/yr vs 11.65%/yr for BBP. Their 0.16 correlation means their historical movements had little consistent relationship. NFLT charges 0.50%/yr vs 0.79%/yr for BBP.
Performance
NFLT vs. BBP - Performance Comparison
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Returns By Period
In the year-to-date period, NFLT achieves a 1.48% return, which is significantly lower than BBP's 17.46% return. Over the past 10 years, NFLT has underperformed BBP with an annualized return of 3.83%, while BBP has yielded a comparatively higher 11.65% annualized return.
NFLT
- 1D
- 0.00%
- 1M
- -0.58%
- 6M
- 0.73%
- YTD
- 1.48%
- 1Y
- 4.92%
- 3Y*
- 6.96%
- 5Y*
- 2.99%
- 10Y*
- 3.83%
- ALL TIME*
- 4.02%
BBP
- 1D
- -2.71%
- 1M
- -5.26%
- 6M
- 15.00%
- YTD
- 17.46%
- 1Y
- 51.33%
- 3Y*
- 19.80%
- 5Y*
- 13.17%
- 10Y*
- 11.65%
- ALL TIME*
- 12.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.01M | $1.06M | $1.01M | |
| $2.33M | $1.94M | $2.09M |
NFLT vs. BBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFLT Virtus Newfleet Multi-Sector Bond ETF | 1.48% | 8.77% | 6.05% | 9.16% | -9.49% | 1.18% | 8.02% | 10.13% | -2.68% | 6.30% |
BBP Virtus LifeSci Biotech Products ETF | 17.46% | 33.15% | 3.32% | 17.88% | 0.85% | -8.17% | 22.24% | 24.73% | -13.95% | 24.07% |
Correlation
The correlation between NFLT and BBP is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2015 | 0.16 |
The correlation between NFLT and BBP shifts across timeframes, from 0.16 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NFLT vs. BBP — Risk / Return Rank
NFLT
BBP
NFLT vs. BBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Bond ETF (NFLT) and Virtus LifeSci Biotech Products ETF (BBP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NFLT | BBP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.36 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 5.61 | -3.40 |
| Martin ratioReturn relative to average drawdown | 9.06 | 15.91 | -6.85 |
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Drawdowns
NFLT vs. BBP - Drawdown Comparison
The maximum NFLT drawdown since its inception was -15.17%, smaller than the maximum BBP drawdown of -44.32%. Use the drawdown chart below to compare losses from any high point for NFLT and BBP.
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Drawdown Indicators
| NFLT | BBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.17% | -44.32% | +29.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -9.41% | +6.99% |
Max Drawdown (3Y)Largest decline over 3 years | -3.15% | -26.09% | +22.94% |
Max Drawdown (5Y)Largest decline over 5 years | -13.42% | -37.77% | +24.35% |
Max Drawdown (10Y)Largest decline over 10 years | -15.17% | -44.32% | +29.15% |
Current DrawdownCurrent decline from peak | -0.92% | -9.41% | +8.49% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -11.90% | +9.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 3.31% | -2.72% |
Volatility
NFLT vs. BBP - Volatility Comparison
The current volatility for Virtus Newfleet Multi-Sector Bond ETF (NFLT) is 0.97%, while Virtus LifeSci Biotech Products ETF (BBP) has a volatility of 8.02%. This indicates that NFLT experiences smaller price fluctuations and is considered to be less risky than BBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFLT | BBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 8.02% | -7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 19.16% | -15.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 24.07% | -20.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 26.42% | -21.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 27.34% | -22.42% |
NFLT vs. BBP - Expense Ratio Comparison
NFLT has a 0.50% expense ratio, which is lower than BBP's 0.79% expense ratio.
Dividends
NFLT vs. BBP - Dividend Comparison
NFLT's dividend yield for the trailing twelve months is around 5.48%, while BBP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBP Virtus LifeSci Biotech Products ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.00% | 1.29% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.48% | 5.74% | 5.76% | 6.02% | 4.16% | 3.41% | 3.63% | 4.33% | 4.81% | 6.23% | 5.30% | 0.67% |
Frequently Asked Questions
NFLT and BBP have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBP has higher volatility (8.02%) compared to NFLT (0.97%). In terms of maximum drawdown, NFLT dropped -15.17% vs BBP's -44.32%.
On 10-year performance, BBP leads with 11.65% vs 3.83% for NFLT. On fees, NFLT is cheaper at 0.50% per year. On volatility, NFLT has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BBP has performed better with a 11.65% return vs 3.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NFLT is cheaper with a 0.50% expense ratio, compared with 0.79% for BBP.
NFLT has the higher dividend yield at 5.48%, compared with 0.00% for BBP.
NFLT is categorized as Multisector Bonds, while BBP is Health & Biotech Equities. Their fees differ too: 0.50% for NFLT and 0.79% for BBP.
BBP currently has the higher Sharpe Ratio (2.19 vs 1.32), 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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