NUSIX vs. FLOT
Compare and contrast key facts about Navigator Ultra Short Term Bond Fund (NUSIX) and iShares Floating Rate Bond ETF (FLOT).
NUSIX is managed by Navigator Funds. It was launched on Mar 21, 2019. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NUSIX or FLOT.
Key characteristics
| NUSIX | FLOT | |
|---|---|---|
| YTD Return | 2.16% | 2.76% |
| 1Y Return | 5.89% | 7.01% |
| 3Y Return (Ann) | 2.99% | 3.51% |
| 5Y Return (Ann) | 2.47% | 2.72% |
| Sharpe Ratio | 8.81 | 10.43 |
| Daily Std Dev | 0.67% | 0.67% |
| Max Drawdown | -2.69% | -13.54% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between NUSIX and FLOT is 0.09, 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
NUSIX vs. FLOT - Performance Comparison
In the year-to-date period, NUSIX achieves a 2.16% return, which is significantly lower than FLOT's 2.76% 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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NUSIX vs. FLOT - Expense Ratio Comparison
NUSIX has a 0.71% expense ratio, which is higher than FLOT's 0.20% expense ratio.
Risk-Adjusted Performance
NUSIX vs. FLOT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Navigator Ultra Short Term Bond Fund (NUSIX) 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
NUSIX vs. FLOT - Dividend Comparison
NUSIX's dividend yield for the trailing twelve months is around 5.11%, less than FLOT's 5.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUSIX Navigator Ultra Short Term Bond Fund | 5.11% | 4.92% | 1.74% | 0.66% | 1.08% | 1.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLOT iShares Floating Rate Bond ETF | 5.86% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% | 0.44% | 0.47% |
Drawdowns
NUSIX vs. FLOT - Drawdown Comparison
The maximum NUSIX drawdown since its inception was -2.69%, smaller than the maximum FLOT drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for NUSIX and FLOT. For additional features, visit the drawdowns tool.
Volatility
NUSIX vs. FLOT - Volatility Comparison
Navigator Ultra Short Term Bond Fund (NUSIX) has a higher volatility of 0.18% compared to iShares Floating Rate Bond ETF (FLOT) at 0.17%. This indicates that NUSIX'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.