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SNLN vs. FFRHX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SNLN and FFRHX is 0.30, 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.


-0.50.00.51.00.3

Performance

SNLN vs. FFRHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Highland iBoxx Senior Loan ETF (SNLN) and Fidelity Floating Rate High Income Fund (FFRHX). The values are adjusted to include any dividend payments, if applicable.

20.00%30.00%40.00%50.00%60.00%70.00%JulyAugustSeptemberOctoberNovemberDecember
18.94%
66.91%
SNLN
FFRHX

Key characteristics

Returns By Period


SNLN

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

FFRHX

YTD

7.86%

1M

-0.21%

6M

3.75%

1Y

7.97%

5Y*

5.30%

10Y*

4.75%

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SNLN vs. FFRHX - Expense Ratio Comparison

SNLN has a 0.75% expense ratio, which is higher than FFRHX's 0.67% expense ratio.


SNLN
Highland iBoxx Senior Loan ETF
Expense ratio chart for SNLN: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for FFRHX: current value at 0.67% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.67%

Risk-Adjusted Performance

SNLN vs. FFRHX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Highland iBoxx Senior Loan ETF (SNLN) and Fidelity Floating Rate High Income Fund (FFRHX). 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.


Sharpe ratio
No data
The chart of Calmar ratio for SNLN, currently valued at 0.00, compared to the broader market0.005.0010.0015.000.009.09
SNLN
FFRHX


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
1.00
3.14
SNLN
FFRHX

Dividends

SNLN vs. FFRHX - Dividend Comparison

SNLN has not paid dividends to shareholders, while FFRHX's dividend yield for the trailing twelve months is around 7.64%.


TTM20232022202120202019201820172016201520142013
SNLN
Highland iBoxx Senior Loan ETF
0.00%8.22%4.88%2.83%3.21%4.72%5.03%4.75%4.36%4.36%4.41%5.30%
FFRHX
Fidelity Floating Rate High Income Fund
7.64%8.25%5.06%3.27%3.85%5.17%4.75%4.01%3.94%4.25%4.00%3.46%

Drawdowns

SNLN vs. FFRHX - Drawdown Comparison


-2.00%-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-2.35%
-0.54%
SNLN
FFRHX

Volatility

SNLN vs. FFRHX - Volatility Comparison

The current volatility for Highland iBoxx Senior Loan ETF (SNLN) is 0.00%, while Fidelity Floating Rate High Income Fund (FFRHX) has a volatility of 0.38%. This indicates that SNLN experiences smaller price fluctuations and is considered to be less risky than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.20%0.40%0.60%0.80%1.00%JulyAugustSeptemberOctoberNovemberDecember0
0.38%
SNLN
FFRHX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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