TFLR vs. VCIT
Compare and contrast key facts about T. Rowe Price Floating Rate ETF (TFLR) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
TFLR and VCIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFLR is an actively managed fund by T. Rowe Price. It was launched on Nov 16, 2022. VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TFLR or VCIT.
Key characteristics
| TFLR | VCIT | |
|---|---|---|
| YTD Return | 7.61% | 3.99% |
| 1Y Return | 10.35% | 11.92% |
| Sharpe Ratio | 4.10 | 2.12 |
| Sortino Ratio | 6.54 | 3.22 |
| Omega Ratio | 1.99 | 1.38 |
| Calmar Ratio | 10.04 | 0.84 |
| Martin Ratio | 60.07 | 9.12 |
| Ulcer Index | 0.18% | 1.35% |
| Daily Std Dev | 2.58% | 5.81% |
| Max Drawdown | -1.48% | -20.56% |
| Current Drawdown | 0.00% | -4.46% |
Correlation
The correlation between TFLR and VCIT is 0.17, 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
TFLR vs. VCIT - Performance Comparison
In the year-to-date period, TFLR achieves a 7.61% return, which is significantly higher than VCIT's 3.99% 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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TFLR vs. VCIT - Expense Ratio Comparison
TFLR has a 0.60% expense ratio, which is higher than VCIT's 0.04% expense ratio.
Risk-Adjusted Performance
TFLR vs. VCIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate ETF (TFLR) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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
TFLR vs. VCIT - Dividend Comparison
TFLR's dividend yield for the trailing twelve months is around 8.24%, more than VCIT's 4.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFLR T. Rowe Price Floating Rate ETF | 8.24% | 7.76% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.27% | 3.72% | 3.04% | 2.88% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
Drawdowns
TFLR vs. VCIT - Drawdown Comparison
The maximum TFLR drawdown since its inception was -1.48%, smaller than the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for TFLR and VCIT. For additional features, visit the drawdowns tool.
Volatility
TFLR vs. VCIT - Volatility Comparison
The current volatility for T. Rowe Price Floating Rate ETF (TFLR) is 0.44%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.76%. This indicates that TFLR experiences smaller price fluctuations and is considered to be less risky than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.