TSDOX vs. FALN
Compare and contrast key facts about Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) and iShares Fallen Angels USD Bond ETF (FALN).
TSDOX is managed by Touchstone. It was launched on Mar 1, 1994. FALN is a passively managed fund by iShares that tracks the performance of the Bloomberg US High Yield Fallen Angel 3% Capped Index. It was launched on Jun 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSDOX or FALN.
Key characteristics
| TSDOX | FALN | |
|---|---|---|
| YTD Return | 5.20% | 7.85% |
| 1Y Return | 7.13% | 15.13% |
| 3Y Return (Ann) | 3.58% | 1.73% |
| 5Y Return (Ann) | 2.59% | 5.53% |
| Sharpe Ratio | 4.51 | 2.69 |
| Daily Std Dev | 1.58% | 5.51% |
| Max Drawdown | -5.27% | -29.22% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between TSDOX and FALN is 0.08, 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
TSDOX vs. FALN - Performance Comparison
In the year-to-date period, TSDOX achieves a 5.20% return, which is significantly lower than FALN's 7.85% 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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TSDOX vs. FALN - Expense Ratio Comparison
TSDOX has a 0.69% expense ratio, which is higher than FALN's 0.25% expense ratio.
Risk-Adjusted Performance
TSDOX vs. FALN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) and iShares Fallen Angels USD Bond ETF (FALN). 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
TSDOX vs. FALN - Dividend Comparison
TSDOX's dividend yield for the trailing twelve months is around 4.86%, less than FALN's 5.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSDOX Touchstone Ultra Short Duration Fixed Income Fund | 4.86% | 4.01% | 1.99% | 0.86% | 1.63% | 2.88% | 2.17% | 1.79% | 1.30% | 1.26% | 1.38% | 1.61% |
FALN iShares Fallen Angels USD Bond ETF | 5.86% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% | 0.00% | 0.00% | 0.00% |
Drawdowns
TSDOX vs. FALN - Drawdown Comparison
The maximum TSDOX drawdown since its inception was -5.27%, smaller than the maximum FALN drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for TSDOX and FALN. For additional features, visit the drawdowns tool.
Volatility
TSDOX vs. FALN - Volatility Comparison
The current volatility for Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) is 0.48%, while iShares Fallen Angels USD Bond ETF (FALN) has a volatility of 0.94%. This indicates that TSDOX experiences smaller price fluctuations and is considered to be less risky than FALN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.