PTIAX vs. FTSL
Compare and contrast key facts about Performance Trust Strategic Bond Fund (PTIAX) and First Trust Senior Loan Fund (FTSL).
PTIAX is managed by Performance Trust Asset Management. It was launched on Aug 31, 2010. FTSL is an actively managed fund by First Trust. It was launched on May 1, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PTIAX or FTSL.
Key characteristics
| PTIAX | FTSL | |
|---|---|---|
| YTD Return | 4.34% | 7.22% |
| 1Y Return | 10.97% | 9.33% |
| 3Y Return (Ann) | -0.87% | 5.45% |
| 5Y Return (Ann) | 1.11% | 4.95% |
| 10Y Return (Ann) | 3.04% | 4.09% |
| Sharpe Ratio | 1.92 | 4.73 |
| Sortino Ratio | 2.77 | 7.19 |
| Omega Ratio | 1.34 | 2.24 |
| Calmar Ratio | 0.81 | 8.48 |
| Martin Ratio | 8.58 | 58.06 |
| Ulcer Index | 1.20% | 0.16% |
| Daily Std Dev | 5.34% | 1.95% |
| Max Drawdown | -16.42% | -22.67% |
| Current Drawdown | -3.13% | 0.00% |
Correlation
The correlation between PTIAX and FTSL is 0.04, 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
PTIAX vs. FTSL - Performance Comparison
In the year-to-date period, PTIAX achieves a 4.34% return, which is significantly lower than FTSL's 7.22% return. Over the past 10 years, PTIAX has underperformed FTSL with an annualized return of 3.04%, while FTSL has yielded a comparatively higher 4.09% annualized 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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PTIAX vs. FTSL - Expense Ratio Comparison
PTIAX has a 0.76% expense ratio, which is lower than FTSL's 0.86% expense ratio.
Risk-Adjusted Performance
PTIAX vs. FTSL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Performance Trust Strategic Bond Fund (PTIAX) and First Trust Senior Loan Fund (FTSL). 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
PTIAX vs. FTSL - Dividend Comparison
PTIAX's dividend yield for the trailing twelve months is around 4.34%, less than FTSL's 7.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTIAX Performance Trust Strategic Bond Fund | 4.34% | 4.03% | 3.96% | 3.26% | 3.86% | 4.12% | 4.47% | 5.51% | 5.49% | 4.87% | 4.54% | 4.20% |
FTSL First Trust Senior Loan Fund | 7.64% | 7.59% | 4.77% | 3.18% | 3.48% | 4.45% | 4.29% | 3.64% | 3.70% | 3.95% | 3.75% | 2.64% |
Drawdowns
PTIAX vs. FTSL - Drawdown Comparison
The maximum PTIAX drawdown since its inception was -16.42%, smaller than the maximum FTSL drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for PTIAX and FTSL. For additional features, visit the drawdowns tool.
Volatility
PTIAX vs. FTSL - Volatility Comparison
Performance Trust Strategic Bond Fund (PTIAX) has a higher volatility of 1.66% compared to First Trust Senior Loan Fund (FTSL) at 0.49%. This indicates that PTIAX's price experiences larger fluctuations and is considered to be riskier than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.