ULTR vs. BNDX
Compare and contrast key facts about IQ Ultra Short Duration ETF (ULTR) and Vanguard Total International Bond ETF (BNDX).
ULTR and BNDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULTR is an actively managed fund by New York Life. It was launched on Jul 31, 2019. BNDX is a passively managed fund by Vanguard that tracks the performance of the Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULTR or BNDX.
Key characteristics
| ULTR | BNDX | |
|---|---|---|
| YTD Return | 1.34% | -1.41% |
| 1Y Return | 5.23% | 3.10% |
| 3Y Return (Ann) | 2.28% | -2.13% |
| Sharpe Ratio | 3.29 | 0.81 |
| Daily Std Dev | 1.71% | 4.90% |
| Max Drawdown | -5.69% | -16.23% |
| Current Drawdown | -0.01% | -8.68% |
Correlation
The correlation between ULTR and BNDX is 0.29, 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
ULTR vs. BNDX - Performance Comparison
In the year-to-date period, ULTR achieves a 1.34% return, which is significantly higher than BNDX's -1.41% 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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ULTR vs. BNDX - Expense Ratio Comparison
ULTR has a 0.25% expense ratio, which is higher than BNDX's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ULTR vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Ultra Short Duration ETF (ULTR) and Vanguard Total International Bond ETF (BNDX). 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
ULTR vs. BNDX - Dividend Comparison
ULTR's dividend yield for the trailing twelve months is around 4.27%, less than BNDX's 4.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ULTR IQ Ultra Short Duration ETF | 4.27% | 4.50% | 2.43% | 1.00% | 1.90% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BNDX Vanguard Total International Bond ETF | 4.69% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
ULTR vs. BNDX - Drawdown Comparison
The maximum ULTR drawdown since its inception was -5.69%, smaller than the maximum BNDX drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for ULTR and BNDX. For additional features, visit the drawdowns tool.
Volatility
ULTR vs. BNDX - Volatility Comparison
The current volatility for IQ Ultra Short Duration ETF (ULTR) is 0.31%, while Vanguard Total International Bond ETF (BNDX) has a volatility of 1.22%. This indicates that ULTR experiences smaller price fluctuations and is considered to be less risky than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.