NFLT vs. BYLD
Compare and contrast key facts about Virtus Newfleet Multi-Sector Bond ETF (NFLT) and iShares Yield Optimized Bond ETF (BYLD).
NFLT and BYLD 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. BYLD is a passively managed fund by iShares that tracks the performance of the Morningstar U.S. Bond Market Yield-Optimized Index. It was launched on Apr 22, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NFLT or BYLD.
Key characteristics
| NFLT | BYLD | |
|---|---|---|
| YTD Return | 5.66% | 4.34% |
| 1Y Return | 13.63% | 12.80% |
| 3Y Return (Ann) | 1.57% | 0.80% |
| 5Y Return (Ann) | 3.06% | 1.18% |
| Sharpe Ratio | 2.98 | 2.69 |
| Sortino Ratio | 4.47 | 4.14 |
| Omega Ratio | 1.57 | 1.53 |
| Calmar Ratio | 1.59 | 1.21 |
| Martin Ratio | 23.70 | 18.25 |
| Ulcer Index | 0.59% | 0.73% |
| Daily Std Dev | 4.67% | 4.93% |
| Max Drawdown | -15.17% | -14.75% |
| Current Drawdown | -1.60% | -1.53% |
Correlation
The correlation between NFLT and BYLD is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NFLT vs. BYLD - Performance Comparison
In the year-to-date period, NFLT achieves a 5.66% return, which is significantly higher than BYLD's 4.34% 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. BYLD - Expense Ratio Comparison
NFLT has a 0.50% expense ratio, which is higher than BYLD's 0.20% expense ratio.
Risk-Adjusted Performance
NFLT vs. BYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Bond ETF (NFLT) and iShares Yield Optimized Bond ETF (BYLD). 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. BYLD - Dividend Comparison
NFLT's dividend yield for the trailing twelve months is around 5.44%, more than BYLD's 5.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
BYLD iShares Yield Optimized Bond ETF | 5.03% | 4.81% | 3.39% | 2.18% | 3.41% | 3.67% | 4.22% | 3.22% | 3.14% | 3.37% | 2.12% |
Drawdowns
NFLT vs. BYLD - Drawdown Comparison
The maximum NFLT drawdown since its inception was -15.17%, roughly equal to the maximum BYLD drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for NFLT and BYLD. For additional features, visit the drawdowns tool.
Volatility
NFLT vs. BYLD - Volatility Comparison
Virtus Newfleet Multi-Sector Bond ETF (NFLT) has a higher volatility of 1.33% compared to iShares Yield Optimized Bond ETF (BYLD) at 1.07%. This indicates that NFLT's price experiences larger fluctuations and is considered to be riskier than BYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.