NFLT vs. FTLB
Compare and contrast key facts about Virtus Newfleet Multi-Sector Bond ETF (NFLT) and First Trust Hedged BuyWrite Income ETF (FTLB).
NFLT and FTLB 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. FTLB is an actively managed fund by First Trust. It was launched on Jan 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NFLT or FTLB.
Key characteristics
| NFLT | FTLB |
|---|
Correlation
The correlation between NFLT and FTLB is 0.12, 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. FTLB - Performance Comparison
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. FTLB - Expense Ratio Comparison
NFLT has a 0.50% expense ratio, which is lower than FTLB's 0.85% expense ratio.
Risk-Adjusted Performance
NFLT vs. FTLB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Bond ETF (NFLT) and First Trust Hedged BuyWrite Income ETF (FTLB). 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. FTLB - Dividend Comparison
NFLT's dividend yield for the trailing twelve months is around 5.44%, while FTLB has not paid dividends to shareholders.
| 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% |
FTLB First Trust Hedged BuyWrite Income ETF | 8.79% | 11.49% | 9.85% | 3.05% | 3.27% | 2.95% | 1.82% | 2.74% | 3.02% | 1.20% | 3.30% |
Drawdowns
NFLT vs. FTLB - Drawdown Comparison
Volatility
NFLT vs. FTLB - Volatility Comparison
Virtus Newfleet Multi-Sector Bond ETF (NFLT) has a higher volatility of 1.33% compared to First Trust Hedged BuyWrite Income ETF (FTLB) at 0.00%. This indicates that NFLT's price experiences larger fluctuations and is considered to be riskier than FTLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.