TOTL vs. BYLD
Compare and contrast key facts about SPDR DoubleLine Total Return Tactical ETF (TOTL) and iShares Yield Optimized Bond ETF (BYLD).
TOTL and BYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TOTL is an actively managed fund by State Street. It was launched on Feb 23, 2015. BYLD is a passively managed fund by iShares that tracks the performance of the Morningstar U.S. Bond Market Yield-Optimized Index. It was launched on Apr 22, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TOTL or BYLD.
Key characteristics
| TOTL | BYLD | |
|---|---|---|
| YTD Return | 3.34% | 4.37% |
| 1Y Return | 9.92% | 10.49% |
| 3Y Return (Ann) | -1.21% | 0.69% |
| 5Y Return (Ann) | -0.07% | 1.18% |
| Sharpe Ratio | 1.53 | 2.17 |
| Sortino Ratio | 2.25 | 3.31 |
| Omega Ratio | 1.30 | 1.42 |
| Calmar Ratio | 0.73 | 1.15 |
| Martin Ratio | 7.37 | 12.72 |
| Ulcer Index | 1.34% | 0.82% |
| Daily Std Dev | 6.45% | 4.78% |
| Max Drawdown | -16.48% | -14.75% |
| Current Drawdown | -5.00% | -1.51% |
Correlation
The correlation between TOTL and BYLD is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TOTL vs. BYLD - Performance Comparison
In the year-to-date period, TOTL achieves a 3.34% return, which is significantly lower than BYLD's 4.37% 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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TOTL vs. BYLD - Expense Ratio Comparison
TOTL has a 0.55% expense ratio, which is higher than BYLD's 0.20% expense ratio.
Risk-Adjusted Performance
TOTL vs. BYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR DoubleLine Total Return Tactical ETF (TOTL) and iShares Yield Optimized Bond ETF (BYLD). 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
TOTL vs. BYLD - Dividend Comparison
TOTL's dividend yield for the trailing twelve months is around 5.21%, more than BYLD's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TOTL SPDR DoubleLine Total Return Tactical ETF | 5.21% | 4.85% | 4.68% | 3.07% | 2.91% | 3.31% | 3.41% | 2.99% | 3.25% | 2.67% | 0.00% |
BYLD iShares Yield Optimized Bond ETF | 5.15% | 4.81% | 3.39% | 2.18% | 3.41% | 3.68% | 4.22% | 3.22% | 3.14% | 3.36% | 2.12% |
Drawdowns
TOTL vs. BYLD - Drawdown Comparison
The maximum TOTL drawdown since its inception was -16.48%, which is greater than BYLD's maximum drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for TOTL and BYLD. For additional features, visit the drawdowns tool.
Volatility
TOTL vs. BYLD - Volatility Comparison
SPDR DoubleLine Total Return Tactical ETF (TOTL) has a higher volatility of 1.67% compared to iShares Yield Optimized Bond ETF (BYLD) at 1.38%. This indicates that TOTL's price experiences larger fluctuations and is considered to be riskier than BYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.