RATE vs. FLTR
Compare and contrast key facts about Global X Interest Rate Hedge ETF (RATE) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR).
RATE and FLTR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RATE is an actively managed fund by Global X. It was launched on Jul 5, 2022. FLTR is a passively managed fund by VanEck that tracks the performance of the MVIS US Investment Grade Floating Rate Index. It was launched on Apr 25, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RATE or FLTR.
Key characteristics
| RATE | FLTR | |
|---|---|---|
| YTD Return | 8.05% | 6.35% |
| 1Y Return | -9.90% | 7.59% |
| Sharpe Ratio | -0.28 | 7.21 |
| Sortino Ratio | -0.24 | 11.69 |
| Omega Ratio | 0.97 | 3.71 |
| Calmar Ratio | -0.25 | 10.25 |
| Martin Ratio | -0.52 | 113.04 |
| Ulcer Index | 13.63% | 0.07% |
| Daily Std Dev | 25.69% | 1.05% |
| Max Drawdown | -28.48% | -17.84% |
| Current Drawdown | -18.02% | -0.04% |
Correlation
The correlation between RATE and FLTR is 0.01, 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
RATE vs. FLTR - Performance Comparison
In the year-to-date period, RATE achieves a 8.05% return, which is significantly higher than FLTR's 6.35% 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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RATE vs. FLTR - Expense Ratio Comparison
RATE has a 0.50% expense ratio, which is higher than FLTR's 0.14% expense ratio.
Risk-Adjusted Performance
RATE vs. FLTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Interest Rate Hedge ETF (RATE) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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
RATE vs. FLTR - Dividend Comparison
RATE's dividend yield for the trailing twelve months is around 30.40%, more than FLTR's 6.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RATE Global X Interest Rate Hedge ETF | 30.40% | 35.06% | 15.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 6.11% | 6.08% | 2.30% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% | 0.66% | 0.65% |
Drawdowns
RATE vs. FLTR - Drawdown Comparison
The maximum RATE drawdown since its inception was -28.48%, which is greater than FLTR's maximum drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for RATE and FLTR. For additional features, visit the drawdowns tool.
Volatility
RATE vs. FLTR - Volatility Comparison
Global X Interest Rate Hedge ETF (RATE) has a higher volatility of 9.37% compared to VanEck Vectors Investment Grade Floating Rate ETF (FLTR) at 0.27%. This indicates that RATE's price experiences larger fluctuations and is considered to be riskier than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.