TAXX vs. FLTR
Compare and contrast key facts about Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR).
TAXX and FLTR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TAXX is an actively managed fund by BondBloxx. It was launched on Mar 14, 2024. 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: TAXX or FLTR.
Correlation
The correlation between TAXX and FLTR is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TAXX vs. FLTR - Performance Comparison
Key characteristics
TAXX:
2.86
FLTR:
2.26
TAXX:
3.93
FLTR:
2.63
TAXX:
1.66
FLTR:
1.97
TAXX:
4.82
FLTR:
2.74
TAXX:
21.45
FLTR:
20.51
TAXX:
0.20%
FLTR:
0.26%
TAXX:
1.53%
FLTR:
2.33%
TAXX:
-0.91%
FLTR:
-17.84%
TAXX:
-0.63%
FLTR:
-0.51%
Returns By Period
In the year-to-date period, TAXX achieves a 0.57% return, which is significantly lower than FLTR's 0.69% return.
TAXX
0.57%
-0.38%
0.93%
4.39%
N/A
N/A
FLTR
0.69%
-0.41%
2.13%
5.27%
4.20%
2.89%
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TAXX vs. FLTR - Expense Ratio Comparison
TAXX has a 0.35% expense ratio, which is higher than FLTR's 0.14% expense ratio.
Risk-Adjusted Performance
TAXX vs. FLTR — Risk-Adjusted Performance Rank
TAXX
FLTR
TAXX vs. FLTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) 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
TAXX vs. FLTR - Dividend Comparison
TAXX's dividend yield for the trailing twelve months is around 3.62%, less than FLTR's 5.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF | 3.62% | 2.71% | 0.00% | 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 | 5.60% | 5.93% | 6.08% | 2.30% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% | 0.66% |
Drawdowns
TAXX vs. FLTR - Drawdown Comparison
The maximum TAXX drawdown since its inception was -0.91%, smaller than the maximum FLTR drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for TAXX and FLTR. For additional features, visit the drawdowns tool.
Volatility
TAXX vs. FLTR - Volatility Comparison
The current volatility for Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) is 0.92%, while VanEck Vectors Investment Grade Floating Rate ETF (FLTR) has a volatility of 2.17%. This indicates that TAXX experiences smaller price fluctuations and is considered to be less risky than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.