ULTR vs. FALN
Compare and contrast key facts about IQ Ultra Short Duration ETF (ULTR) and iShares Fallen Angels USD Bond ETF (FALN).
ULTR and FALN 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. FALN is a passively managed fund by iShares that tracks the performance of the Bloomberg US High Yield Fallen Angel 3% Capped Index. It was launched on Jun 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULTR or FALN.
Key characteristics
| ULTR | FALN | |
|---|---|---|
| YTD Return | 1.34% | 0.77% |
| 1Y Return | 5.46% | 11.12% |
| 3Y Return (Ann) | 2.28% | 0.89% |
| Sharpe Ratio | 3.29 | 1.75 |
| Daily Std Dev | 1.71% | 5.89% |
| Max Drawdown | -5.69% | -29.22% |
| Current Drawdown | -0.01% | -2.18% |
Correlation
The correlation between ULTR and FALN is 0.24, 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. FALN - Performance Comparison
In the year-to-date period, ULTR achieves a 1.34% return, which is significantly higher than FALN's 0.77% 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. FALN - Expense Ratio Comparison
Both ULTR and FALN have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
ULTR vs. FALN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Ultra Short Duration ETF (ULTR) 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.
Dividends
ULTR vs. FALN - Dividend Comparison
ULTR's dividend yield for the trailing twelve months is around 4.27%, less than FALN's 5.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
ULTR IQ Ultra Short Duration ETF | 4.27% | 4.50% | 2.43% | 1.00% | 1.90% | 0.98% | 0.00% | 0.00% | 0.00% |
FALN iShares Fallen Angels USD Bond ETF | 5.34% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% |
Drawdowns
ULTR vs. FALN - Drawdown Comparison
The maximum ULTR drawdown since its inception was -5.69%, smaller than the maximum FALN drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for ULTR and FALN. For additional features, visit the drawdowns tool.
Volatility
ULTR vs. FALN - Volatility Comparison
The current volatility for IQ Ultra Short Duration ETF (ULTR) is 0.34%, while iShares Fallen Angels USD Bond ETF (FALN) has a volatility of 1.66%. This indicates that ULTR 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.