NUSA vs. FLOT
Compare and contrast key facts about Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF (NUSA) and iShares Floating Rate Bond ETF (FLOT).
NUSA and FLOT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NUSA is a passively managed fund by Nuveen that tracks the performance of the ICE BofA Enhanced Yield US Broad Bond (1-5 Y). It was launched on Mar 31, 2017. FLOT is a passively managed fund by iShares that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Jun 14, 2011. Both NUSA and FLOT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NUSA or FLOT.
Performance
NUSA vs. FLOT - Performance Comparison
Returns By Period
In the year-to-date period, NUSA achieves a 3.02% return, which is significantly lower than FLOT's 5.76% return.
NUSA
3.02%
-0.66%
2.82%
5.37%
1.24%
N/A
FLOT
5.76%
0.79%
2.92%
6.53%
2.99%
2.34%
Key characteristics
| NUSA | FLOT | |
|---|---|---|
| Sharpe Ratio | 2.07 | 8.07 |
| Sortino Ratio | 3.18 | 14.77 |
| Omega Ratio | 1.42 | 4.47 |
| Calmar Ratio | 1.18 | 14.78 |
| Martin Ratio | 9.68 | 159.76 |
| Ulcer Index | 0.63% | 0.04% |
| Daily Std Dev | 2.88% | 0.81% |
| Max Drawdown | -9.44% | -13.54% |
| Current Drawdown | -1.47% | -0.00% |
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NUSA vs. FLOT - Expense Ratio Comparison
Both NUSA and FLOT have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between NUSA and FLOT is 0.10, 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.
Risk-Adjusted Performance
NUSA vs. FLOT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF (NUSA) and iShares Floating Rate Bond ETF (FLOT). 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
NUSA vs. FLOT - Dividend Comparison
NUSA's dividend yield for the trailing twelve months is around 4.13%, less than FLOT's 5.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUSA Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF | 4.13% | 3.54% | 2.44% | 2.16% | 2.51% | 2.85% | 3.22% | 2.21% | 0.00% | 0.00% | 0.00% | 0.00% |
FLOT iShares Floating Rate Bond ETF | 5.92% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.45% | 0.97% | 0.53% | 0.44% | 0.48% |
Drawdowns
NUSA vs. FLOT - Drawdown Comparison
The maximum NUSA drawdown since its inception was -9.44%, smaller than the maximum FLOT drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for NUSA and FLOT. For additional features, visit the drawdowns tool.
Volatility
NUSA vs. FLOT - Volatility Comparison
Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF (NUSA) has a higher volatility of 0.66% compared to iShares Floating Rate Bond ETF (FLOT) at 0.20%. This indicates that NUSA's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.