UCON vs. XBAL.TO
Compare and contrast key facts about First Trust TCW Unconstrained Plus Bond ETF (UCON) and iShares Core Balanced ETF Portfolio (XBAL.TO).
UCON and XBAL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UCON is an actively managed fund by First Trust. It was launched on Jun 4, 2018. XBAL.TO is an actively managed fund by iShares. It was launched on Jun 21, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UCON or XBAL.TO.
Key characteristics
| UCON | XBAL.TO | |
|---|---|---|
| YTD Return | 4.31% | 15.47% |
| 1Y Return | 8.77% | 22.20% |
| 3Y Return (Ann) | 1.98% | 4.91% |
| 5Y Return (Ann) | 2.77% | 7.45% |
| Sharpe Ratio | 2.41 | 3.55 |
| Sortino Ratio | 3.64 | 5.23 |
| Omega Ratio | 1.49 | 1.70 |
| Calmar Ratio | 2.67 | 3.56 |
| Martin Ratio | 12.81 | 28.72 |
| Ulcer Index | 0.68% | 0.80% |
| Daily Std Dev | 3.64% | 6.46% |
| Max Drawdown | -15.31% | -28.78% |
| Current Drawdown | -1.27% | 0.00% |
Correlation
The correlation between UCON and XBAL.TO is 0.27, 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
UCON vs. XBAL.TO - Performance Comparison
In the year-to-date period, UCON achieves a 4.31% return, which is significantly lower than XBAL.TO's 15.47% 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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UCON vs. XBAL.TO - Expense Ratio Comparison
UCON has a 0.76% expense ratio, which is higher than XBAL.TO's 0.20% expense ratio.
Risk-Adjusted Performance
UCON vs. XBAL.TO - 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 Balanced ETF Portfolio (XBAL.TO). 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
UCON vs. XBAL.TO - Dividend Comparison
UCON's dividend yield for the trailing twelve months is around 5.05%, more than XBAL.TO's 2.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCON First Trust TCW Unconstrained Plus Bond ETF | 5.05% | 4.75% | 3.12% | 2.20% | 3.14% | 3.51% | 1.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XBAL.TO iShares Core Balanced ETF Portfolio | 2.39% | 2.43% | 2.12% | 1.77% | 2.02% | 2.30% | 3.44% | 2.97% | 3.69% | 3.34% | 6.60% | 2.81% |
Drawdowns
UCON vs. XBAL.TO - Drawdown Comparison
The maximum UCON drawdown since its inception was -15.31%, smaller than the maximum XBAL.TO drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for UCON and XBAL.TO. For additional features, visit the drawdowns tool.
Volatility
UCON vs. XBAL.TO - Volatility Comparison
The current volatility for First Trust TCW Unconstrained Plus Bond ETF (UCON) is 0.76%, while iShares Core Balanced ETF Portfolio (XBAL.TO) has a volatility of 2.28%. This indicates that UCON experiences smaller price fluctuations and is considered to be less risky than XBAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.