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ULST vs. FALN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ULST and FALN is 0.11, 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.


-0.50.00.51.00.1

Performance

ULST vs. FALN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSgA Ultra Short Term Bond ETF (ULST) and iShares Fallen Angels USD Bond ETF (FALN). The values are adjusted to include any dividend payments, if applicable.

20.00%30.00%40.00%50.00%60.00%70.00%JulyAugustSeptemberOctoberNovemberDecember
22.60%
70.65%
ULST
FALN

Key characteristics

Sharpe Ratio

ULST:

4.62

FALN:

1.58

Sortino Ratio

ULST:

7.41

FALN:

2.21

Omega Ratio

ULST:

2.51

FALN:

1.28

Calmar Ratio

ULST:

9.80

FALN:

1.95

Martin Ratio

ULST:

74.09

FALN:

10.12

Ulcer Index

ULST:

0.07%

FALN:

0.73%

Daily Std Dev

ULST:

1.15%

FALN:

4.67%

Max Drawdown

ULST:

-6.19%

FALN:

-29.22%

Current Drawdown

ULST:

-0.03%

FALN:

-1.52%

Returns By Period

In the year-to-date period, ULST achieves a 5.08% return, which is significantly lower than FALN's 7.61% return.


ULST

YTD

5.08%

1M

0.36%

6M

2.68%

1Y

5.21%

5Y*

2.65%

10Y*

2.15%

FALN

YTD

7.61%

1M

-0.26%

6M

4.72%

1Y

7.12%

5Y*

5.02%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


ULST vs. FALN - Expense Ratio Comparison

ULST has a 0.20% expense ratio, which is lower than FALN's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


FALN
iShares Fallen Angels USD Bond ETF
Expense ratio chart for FALN: 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%
Expense ratio chart for ULST: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

ULST vs. FALN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Ultra Short Term Bond ETF (ULST) 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.


Sharpe ratio
The chart of Sharpe ratio for ULST, currently valued at 4.62, compared to the broader market0.002.004.004.621.58
The chart of Sortino ratio for ULST, currently valued at 7.41, compared to the broader market-2.000.002.004.006.008.0010.007.412.21
The chart of Omega ratio for ULST, currently valued at 2.51, compared to the broader market0.501.001.502.002.503.002.511.28
The chart of Calmar ratio for ULST, currently valued at 9.80, compared to the broader market0.005.0010.0015.009.801.95
The chart of Martin ratio for ULST, currently valued at 74.09, compared to the broader market0.0020.0040.0060.0080.00100.0074.0910.12
ULST
FALN

The current ULST Sharpe Ratio is 4.62, which is higher than the FALN Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of ULST and FALN, 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 Ratio1.002.003.004.005.006.007.00JulyAugustSeptemberOctoberNovemberDecember
4.62
1.58
ULST
FALN

Dividends

ULST vs. FALN - Dividend Comparison

ULST's dividend yield for the trailing twelve months is around 5.03%, less than FALN's 6.24% yield.


TTM20232022202120202019201820172016201520142013
ULST
SPDR SSgA Ultra Short Term Bond ETF
5.03%4.45%1.71%0.54%1.34%2.56%2.13%1.21%0.93%0.37%0.34%0.06%
FALN
iShares Fallen Angels USD Bond ETF
6.24%5.38%5.08%3.39%5.14%5.35%5.97%6.99%3.54%0.00%0.00%0.00%

Drawdowns

ULST vs. FALN - Drawdown Comparison

The maximum ULST drawdown since its inception was -6.19%, smaller than the maximum FALN drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for ULST and FALN. For additional features, visit the drawdowns tool.


-2.00%-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.03%
-1.52%
ULST
FALN

Volatility

ULST vs. FALN - Volatility Comparison

The current volatility for SPDR SSgA Ultra Short Term Bond ETF (ULST) is 0.23%, while iShares Fallen Angels USD Bond ETF (FALN) has a volatility of 1.68%. This indicates that ULST 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.


0.00%0.50%1.00%1.50%JulyAugustSeptemberOctoberNovemberDecember
0.23%
1.68%
ULST
FALN
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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