NFLT vs. FLM

Last updated Jun 25, 2026

NFLT (Virtus Newfleet Multi-Sector Bond ETF) and FLM (First Trust Global Engineering and Construction ETF) are both exchange-traded funds - NFLT is a Multisector Bonds fund actively managed by Virtus, while FLM is a Building & Construction fund tracking the ISE Global Engineering & Construction Index. NFLT is actively managed, while FLM is passively managed. At a 0.08 correlation, their price movements are largely independent. NFLT charges 0.50%/yr vs 0.70%/yr for FLM.

Performance

NFLT vs. FLM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Newfleet Multi-Sector Bond ETF (NFLT) and First Trust Global Engineering and Construction ETF (FLM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NFLT

• 1D: 0.09%
• 1M: 0.90%
• YTD: 1.91%
• 6M: 1.56%
• 1Y: 6.69%
• 3Y*: 7.47%
• 5Y*: 3.15%
• 10Y*: 4.07%

FLM

• 1D: -4.55%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NFLT vs. FLM - Yearly Performance Comparison

	2026 (YTD)
NFLT Virtus Newfleet Multi-Sector Bond ETF	0.33%
FLM First Trust Global Engineering and Construction ETF	-4.55%

Correlation

The correlation between NFLT and FLM is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2026	0.08

Return for Risk

NFLT vs. FLM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NFLT

NFLT Risk / Return Rank: 60
NFLT Sharpe Ratio Rank: 53
NFLT Sortino Ratio Rank: 56
NFLT Omega Ratio Rank: 54
NFLT Calmar Ratio Rank: 63
NFLT Martin Ratio Rank: 73

FLM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NFLT vs. FLM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Bond ETF (NFLT) and First Trust Global Engineering and Construction ETF (FLM). 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	FLM	Difference
Sharpe ratio: Return per unit of total volatility	1.61	—	—
Sortino ratio: Return per unit of downside risk	2.38	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.78	—	—
Martin ratio: Return relative to average drawdown	12.05	—	—

Drawdowns

NFLT vs. FLM - Drawdown Comparison

The maximum NFLT drawdown since its inception was -15.17%, which is greater than FLM's maximum drawdown of -4.55%. Use the drawdown chart below to compare losses from any high point for NFLT and FLM.

Drawdown Indicators

	NFLT	FLM	Difference
Max Drawdown Largest peak-to-trough decline	-15.17%	-4.55%	-10.62%
Max Drawdown (1Y) Largest decline over 1 year	-2.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.17%	—	—
Current Drawdown Current decline from peak	-0.49%	-4.55%	+4.06%
Average Drawdown Average peak-to-trough decline	-2.09%	-2.27%	+0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	—	—

Volatility

Volatility by Period

	NFLT	FLM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.18%	51.02%	-46.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.47%	51.02%	-46.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.94%	51.02%	-46.08%

NFLT vs. FLM - Expense Ratio Comparison

NFLT has a 0.50% expense ratio, which is lower than FLM's 0.70% expense ratio.

Dividends

NFLT vs. FLM - Dividend Comparison

NFLT's dividend yield for the trailing twelve months is around 5.49%, while FLM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLM First Trust Global Engineering and Construction ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NFLT Virtus Newfleet Multi-Sector Bond ETF	5.49%	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

Can I hold both NFLT and FLM in my portfolio?

NFLT and FLM have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NFLT or FLM?

On fees, NFLT is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NFLT or FLM?

NFLT is cheaper with a 0.50% expense ratio, compared with 0.70% for FLM.

Which ETF pays a higher dividend yield, NFLT or FLM?

NFLT has the higher dividend yield at 5.49%, compared with 0.00% for FLM.

What is the main difference between NFLT and FLM?

NFLT is categorized as Multisector Bonds, while FLM is Building & Construction. They also come from different issuers: Virtus and First Trust. Their fees differ too: 0.50% for NFLT and 0.70% for FLM.