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UCON vs. AOK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

UCON vs. AOK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust TCW Unconstrained Plus Bond ETF (UCON) and iShares Core Conservative Allocation ETF (AOK). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
3.59%
5.19%
UCON
AOK

Returns By Period

In the year-to-date period, UCON achieves a 3.93% return, which is significantly lower than AOK's 7.09% return.


UCON

YTD

3.93%

1M

-0.56%

6M

3.59%

1Y

7.21%

5Y (annualized)

2.71%

10Y (annualized)

N/A

AOK

YTD

7.09%

1M

-0.30%

6M

5.18%

1Y

12.05%

5Y (annualized)

3.46%

10Y (annualized)

3.90%

Key characteristics


UCONAOK
Sharpe Ratio2.072.14
Sortino Ratio3.063.11
Omega Ratio1.411.39
Calmar Ratio3.241.27
Martin Ratio10.0711.76
Ulcer Index0.73%1.04%
Daily Std Dev3.57%5.70%
Max Drawdown-15.31%-18.93%
Current Drawdown-1.63%-1.80%

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UCON vs. AOK - Expense Ratio Comparison

UCON has a 0.76% expense ratio, which is higher than AOK's 0.25% expense ratio.


UCON
First Trust TCW Unconstrained Plus Bond ETF
Expense ratio chart for UCON: current value at 0.76% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.76%
Expense ratio chart for AOK: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Correlation

-0.50.00.51.00.4

The correlation between UCON and AOK is 0.40, 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.

Risk-Adjusted Performance

UCON vs. AOK - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Unconstrained Plus Bond ETF (UCON) and iShares Core Conservative Allocation ETF (AOK). 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.


Sharpe ratio
The chart of Sharpe ratio for UCON, currently valued at 2.07, compared to the broader market0.002.004.002.072.14
The chart of Sortino ratio for UCON, currently valued at 3.06, compared to the broader market-2.000.002.004.006.008.0010.0012.003.063.11
The chart of Omega ratio for UCON, currently valued at 1.41, compared to the broader market0.501.001.502.002.503.001.411.39
The chart of Calmar ratio for UCON, currently valued at 3.24, compared to the broader market0.005.0010.0015.003.241.27
The chart of Martin ratio for UCON, currently valued at 10.07, compared to the broader market0.0020.0040.0060.0080.00100.0010.0711.76
UCON
AOK

The current UCON Sharpe Ratio is 2.07, which is comparable to the AOK Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of UCON and AOK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.07
2.14
UCON
AOK

Dividends

UCON vs. AOK - Dividend Comparison

UCON's dividend yield for the trailing twelve months is around 4.62%, more than AOK's 3.11% yield.


TTM20232022202120202019201820172016201520142013
UCON
First Trust TCW Unconstrained Plus Bond ETF
4.62%4.75%3.12%2.20%3.14%3.51%1.76%0.00%0.00%0.00%0.00%0.00%
AOK
iShares Core Conservative Allocation ETF
3.11%2.93%2.25%1.55%2.10%2.72%2.68%2.91%2.14%2.02%2.08%1.82%

Drawdowns

UCON vs. AOK - Drawdown Comparison

The maximum UCON drawdown since its inception was -15.31%, smaller than the maximum AOK drawdown of -18.93%. Use the drawdown chart below to compare losses from any high point for UCON and AOK. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.63%
-1.80%
UCON
AOK

Volatility

UCON vs. AOK - Volatility Comparison

The current volatility for First Trust TCW Unconstrained Plus Bond ETF (UCON) is 0.86%, while iShares Core Conservative Allocation ETF (AOK) has a volatility of 1.31%. This indicates that UCON experiences smaller price fluctuations and is considered to be less risky than AOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
0.86%
1.31%
UCON
AOK