XCCC vs. FALN
Compare and contrast key facts about BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) and iShares Fallen Angels USD Bond ETF (FALN).
XCCC and FALN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XCCC is a passively managed fund by BondBloxx that tracks the performance of the ICE BofA CCC and Lower US High Yield Constrained Index. It was launched on May 24, 2022. 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. Both XCCC and FALN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XCCC or FALN.
Key characteristics
| XCCC | FALN | |
|---|---|---|
| YTD Return | 12.37% | 8.36% |
| 1Y Return | 21.84% | 14.77% |
| Sharpe Ratio | 3.69 | 3.15 |
| Sortino Ratio | 5.56 | 4.88 |
| Omega Ratio | 1.79 | 1.63 |
| Calmar Ratio | 5.89 | 1.83 |
| Martin Ratio | 18.81 | 22.33 |
| Ulcer Index | 1.18% | 0.69% |
| Daily Std Dev | 6.02% | 4.88% |
| Max Drawdown | -9.97% | -29.22% |
| Current Drawdown | 0.00% | -0.11% |
Correlation
The correlation between XCCC and FALN is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XCCC vs. FALN - Performance Comparison
In the year-to-date period, XCCC achieves a 12.37% return, which is significantly higher than FALN's 8.36% 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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XCCC vs. FALN - Expense Ratio Comparison
XCCC has a 0.40% expense ratio, which is higher than FALN's 0.25% expense ratio.
Risk-Adjusted Performance
XCCC vs. FALN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) 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
XCCC vs. FALN - Dividend Comparison
XCCC's dividend yield for the trailing twelve months is around 10.72%, more than FALN's 6.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 10.72% | 11.01% | 7.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FALN iShares Fallen Angels USD Bond ETF | 6.06% | 5.38% | 5.08% | 3.39% | 5.14% | 5.35% | 5.97% | 6.99% | 3.54% |
Drawdowns
XCCC vs. FALN - Drawdown Comparison
The maximum XCCC drawdown since its inception was -9.97%, smaller than the maximum FALN drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for XCCC and FALN. For additional features, visit the drawdowns tool.
Volatility
XCCC vs. FALN - Volatility Comparison
The current volatility for BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) is 1.28%, while iShares Fallen Angels USD Bond ETF (FALN) has a volatility of 1.36%. This indicates that XCCC 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.