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

Key characteristics


UCONWOBDX
YTD Return4.44%2.82%
1Y Return8.90%9.32%
3Y Return (Ann)1.92%-2.09%
5Y Return (Ann)2.84%-0.05%
Sharpe Ratio2.411.47
Sortino Ratio3.642.18
Omega Ratio1.491.26
Calmar Ratio2.660.54
Martin Ratio12.895.60
Ulcer Index0.68%1.51%
Daily Std Dev3.64%5.75%
Max Drawdown-15.31%-18.25%
Current Drawdown-1.15%-7.75%

Correlation

-0.50.00.51.00.5

The correlation between UCON and WOBDX is 0.47, 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

UCON vs. WOBDX - Performance Comparison

In the year-to-date period, UCON achieves a 4.44% return, which is significantly higher than WOBDX's 2.82% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.13%
4.25%
UCON
WOBDX

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UCON vs. WOBDX - Expense Ratio Comparison

UCON has a 0.76% expense ratio, which is higher than WOBDX's 0.50% 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 WOBDX: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

Risk-Adjusted Performance

UCON vs. WOBDX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Unconstrained Plus Bond ETF (UCON) and JPMorgan Core Bond Fund (WOBDX). 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.


UCON
Sharpe ratio
The chart of Sharpe ratio for UCON, currently valued at 2.41, compared to the broader market-2.000.002.004.002.41
Sortino ratio
The chart of Sortino ratio for UCON, currently valued at 3.64, compared to the broader market-2.000.002.004.006.008.0010.0012.003.64
Omega ratio
The chart of Omega ratio for UCON, currently valued at 1.49, compared to the broader market1.001.502.002.503.001.49
Calmar ratio
The chart of Calmar ratio for UCON, currently valued at 2.66, compared to the broader market0.005.0010.0015.002.66
Martin ratio
The chart of Martin ratio for UCON, currently valued at 12.89, compared to the broader market0.0020.0040.0060.0080.00100.00120.0012.89
WOBDX
Sharpe ratio
The chart of Sharpe ratio for WOBDX, currently valued at 1.47, compared to the broader market-2.000.002.004.001.47
Sortino ratio
The chart of Sortino ratio for WOBDX, currently valued at 2.18, compared to the broader market-2.000.002.004.006.008.0010.0012.002.18
Omega ratio
The chart of Omega ratio for WOBDX, currently valued at 1.26, compared to the broader market1.001.502.002.503.001.26
Calmar ratio
The chart of Calmar ratio for WOBDX, currently valued at 0.54, compared to the broader market0.005.0010.0015.000.54
Martin ratio
The chart of Martin ratio for WOBDX, currently valued at 5.60, compared to the broader market0.0020.0040.0060.0080.00100.00120.005.60

UCON vs. WOBDX - Sharpe Ratio Comparison

The current UCON Sharpe Ratio is 2.41, which is higher than the WOBDX Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of UCON and WOBDX, 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 Ratio0.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
2.41
1.47
UCON
WOBDX

Dividends

UCON vs. WOBDX - Dividend Comparison

UCON's dividend yield for the trailing twelve months is around 5.04%, more than WOBDX's 3.89% yield.


TTM20232022202120202019201820172016201520142013
UCON
First Trust TCW Unconstrained Plus Bond ETF
5.04%4.75%3.12%2.20%3.14%3.51%1.76%0.00%0.00%0.00%0.00%0.00%
WOBDX
JPMorgan Core Bond Fund
3.89%3.49%2.68%2.07%2.36%2.77%2.80%2.66%2.47%2.34%2.53%2.76%

Drawdowns

UCON vs. WOBDX - Drawdown Comparison

The maximum UCON drawdown since its inception was -15.31%, smaller than the maximum WOBDX drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for UCON and WOBDX. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.15%
-7.75%
UCON
WOBDX

Volatility

UCON vs. WOBDX - Volatility Comparison

The current volatility for First Trust TCW Unconstrained Plus Bond ETF (UCON) is 0.76%, while JPMorgan Core Bond Fund (WOBDX) has a volatility of 1.51%. This indicates that UCON experiences smaller price fluctuations and is considered to be less risky than WOBDX 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
0.76%
1.51%
UCON
WOBDX