XBAL.TO vs. UCON
Compare and contrast key facts about iShares Core Balanced ETF Portfolio (XBAL.TO) and First Trust TCW Unconstrained Plus Bond ETF (UCON).
XBAL.TO and UCON are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBAL.TO is an actively managed fund by iShares. It was launched on Jun 21, 2007. UCON is an actively managed fund by First Trust. It was launched on Jun 4, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XBAL.TO or UCON.
Key characteristics
| XBAL.TO | UCON | |
|---|---|---|
| YTD Return | 15.36% | 4.44% |
| 1Y Return | 22.81% | 8.90% |
| 3Y Return (Ann) | 4.96% | 1.92% |
| 5Y Return (Ann) | 7.48% | 2.84% |
| Sharpe Ratio | 3.42 | 2.41 |
| Sortino Ratio | 5.05 | 3.64 |
| Omega Ratio | 1.67 | 1.49 |
| Calmar Ratio | 3.18 | 2.66 |
| Martin Ratio | 27.85 | 12.89 |
| Ulcer Index | 0.80% | 0.68% |
| Daily Std Dev | 6.49% | 3.64% |
| Max Drawdown | -28.78% | -15.31% |
| Current Drawdown | 0.00% | -1.15% |
Correlation
The correlation between XBAL.TO and UCON 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
XBAL.TO vs. UCON - Performance Comparison
In the year-to-date period, XBAL.TO achieves a 15.36% return, which is significantly higher than UCON's 4.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
XBAL.TO vs. UCON - Expense Ratio Comparison
XBAL.TO has a 0.20% expense ratio, which is lower than UCON's 0.76% expense ratio.
Risk-Adjusted Performance
XBAL.TO vs. UCON - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Balanced ETF Portfolio (XBAL.TO) and First Trust TCW Unconstrained Plus Bond ETF (UCON). 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
XBAL.TO vs. UCON - Dividend Comparison
XBAL.TO's dividend yield for the trailing twelve months is around 2.39%, less than UCON's 5.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
XBAL.TO vs. UCON - Drawdown Comparison
The maximum XBAL.TO drawdown since its inception was -28.78%, which is greater than UCON's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for XBAL.TO and UCON. For additional features, visit the drawdowns tool.
Volatility
XBAL.TO vs. UCON - Volatility Comparison
iShares Core Balanced ETF Portfolio (XBAL.TO) has a higher volatility of 2.30% compared to First Trust TCW Unconstrained Plus Bond ETF (UCON) at 0.76%. This indicates that XBAL.TO's price experiences larger fluctuations and is considered to be riskier than UCON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.