SNLN vs. FLOT
Compare and contrast key facts about Highland iBoxx Senior Loan ETF (SNLN) and iShares Floating Rate Bond ETF (FLOT).
SNLN and FLOT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SNLN is a passively managed fund by Highland Capital Management that tracks the performance of the Markit iBoxx USD Liquid Leveraged Loan Index. It was launched on Nov 8, 2012. 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. Both SNLN and FLOT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SNLN or FLOT.
Key characteristics
| SNLN | FLOT |
|---|
Correlation
The correlation between SNLN and FLOT is 0.12, 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
SNLN vs. FLOT - Performance Comparison
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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SNLN vs. FLOT - Expense Ratio Comparison
SNLN has a 0.75% expense ratio, which is higher than FLOT's 0.20% expense ratio.
Risk-Adjusted Performance
SNLN vs. FLOT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Highland iBoxx Senior Loan ETF (SNLN) 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
SNLN vs. FLOT - Dividend Comparison
SNLN has not paid dividends to shareholders, while FLOT's dividend yield for the trailing twelve months is around 5.92%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FLOT iShares Floating Rate Bond ETF | 5.92% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.45% | 0.97% | 0.53% | 0.44% | 0.48% |
Drawdowns
SNLN vs. FLOT - Drawdown Comparison
Volatility
SNLN vs. FLOT - Volatility Comparison
The current volatility for Highland iBoxx Senior Loan ETF (SNLN) is 0.00%, while iShares Floating Rate Bond ETF (FLOT) has a volatility of 0.41%. This indicates that SNLN experiences smaller price fluctuations and is considered to be less risky than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.