Correlation
The correlation between ROOF and UCON is 0.18, 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.
ROOF vs. UCON
Compare and contrast key facts about IQ US Real Estate Small Cap ETF (ROOF) and First Trust TCW Unconstrained Plus Bond ETF (UCON).
ROOF and UCON are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROOF is a passively managed fund by New York Life that tracks the performance of the IQ US Real Estate Small Cap Index. It was launched on Jun 14, 2011. UCON is an actively managed fund by First Trust. It was launched on Jun 4, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ROOF or UCON.
Performance
ROOF vs. UCON - Performance Comparison
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Key characteristics
Returns By Period
ROOF
N/A
N/A
N/A
N/A
N/A
N/A
N/A
UCON
2.13%
0.37%
1.90%
6.33%
4.19%
3.29%
N/A
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ROOF vs. UCON - Expense Ratio Comparison
ROOF has a 0.70% expense ratio, which is lower than UCON's 0.76% expense ratio.
Risk-Adjusted Performance
ROOF vs. UCON — Risk-Adjusted Performance Rank
ROOF
UCON
ROOF vs. UCON - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ US Real Estate Small Cap ETF (ROOF) and First Trust TCW Unconstrained Plus Bond ETF (UCON). 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.
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Dividends
ROOF vs. UCON - Dividend Comparison
ROOF has not paid dividends to shareholders, while UCON's dividend yield for the trailing twelve months is around 4.73%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROOF IQ US Real Estate Small Cap ETF | 1.74% | 2.15% | 2.78% | 4.39% | 3.61% | 4.01% | 5.67% | 6.81% | 5.56% | 5.84% | 3.36% | 5.31% |
UCON First Trust TCW Unconstrained Plus Bond ETF | 4.73% | 4.95% | 4.75% | 3.12% | 2.20% | 3.14% | 3.50% | 1.76% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ROOF vs. UCON - Drawdown Comparison
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Volatility
ROOF vs. UCON - Volatility Comparison
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