NFLT vs. BOND
Compare and contrast key facts about Virtus Newfleet Multi-Sector Bond ETF (NFLT) and PIMCO Active Bond ETF (BOND).
NFLT and BOND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NFLT is an actively managed fund by Virtus Investment Partners. It was launched on Aug 11, 2015. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NFLT or BOND.
Key characteristics
| NFLT | BOND | |
|---|---|---|
| YTD Return | 5.66% | 3.71% |
| 1Y Return | 13.63% | 14.31% |
| 3Y Return (Ann) | 1.57% | -1.55% |
| 5Y Return (Ann) | 3.06% | 0.41% |
| Sharpe Ratio | 2.98 | 2.48 |
| Sortino Ratio | 4.47 | 3.63 |
| Omega Ratio | 1.57 | 1.46 |
| Calmar Ratio | 1.59 | 0.80 |
| Martin Ratio | 23.70 | 12.76 |
| Ulcer Index | 0.59% | 1.13% |
| Daily Std Dev | 4.67% | 5.83% |
| Max Drawdown | -15.17% | -19.71% |
| Current Drawdown | -1.60% | -6.25% |
Correlation
The correlation between NFLT and BOND is 0.40, 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.
Performance
NFLT vs. BOND - Performance Comparison
In the year-to-date period, NFLT achieves a 5.66% return, which is significantly higher than BOND's 3.71% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NFLT vs. BOND - Expense Ratio Comparison
NFLT has a 0.50% expense ratio, which is lower than BOND's 0.57% expense ratio.
Risk-Adjusted Performance
NFLT vs. BOND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Bond ETF (NFLT) and PIMCO Active Bond ETF (BOND). 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.
Dividends
NFLT vs. BOND - Dividend Comparison
NFLT's dividend yield for the trailing twelve months is around 5.44%, which matches BOND's 5.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.44% | 6.02% | 4.16% | 3.41% | 3.62% | 4.26% | 4.81% | 6.23% | 5.30% | 0.67% | 0.00% | 0.00% |
BOND PIMCO Active Bond ETF | 5.43% | 4.78% | 3.44% | 2.58% | 2.66% | 3.38% | 3.47% | 2.87% | 2.85% | 4.14% | 4.13% | 2.82% |
Drawdowns
NFLT vs. BOND - Drawdown Comparison
The maximum NFLT drawdown since its inception was -15.17%, smaller than the maximum BOND drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for NFLT and BOND. For additional features, visit the drawdowns tool.
Volatility
NFLT vs. BOND - Volatility Comparison
Virtus Newfleet Multi-Sector Bond ETF (NFLT) and PIMCO Active Bond ETF (BOND) have volatilities of 1.33% and 1.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.