XHY.TO vs. FLTR
Compare and contrast key facts about iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY.TO) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR).
XHY.TO and FLTR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHY.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl HY Bd GR CAD. It was launched on Jan 21, 2010. FLTR is a passively managed fund by VanEck that tracks the performance of the MVIS US Investment Grade Floating Rate Index. It was launched on Apr 25, 2011. Both XHY.TO and FLTR 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: XHY.TO or FLTR.
Key characteristics
| XHY.TO | FLTR | |
|---|---|---|
| YTD Return | 6.83% | 6.48% |
| 1Y Return | 12.08% | 7.55% |
| 3Y Return (Ann) | 1.91% | 4.81% |
| 5Y Return (Ann) | 2.74% | 3.38% |
| 10Y Return (Ann) | 3.26% | 2.70% |
| Sharpe Ratio | 2.18 | 7.25 |
| Sortino Ratio | 3.26 | 11.75 |
| Omega Ratio | 1.41 | 3.72 |
| Calmar Ratio | 1.86 | 10.31 |
| Martin Ratio | 16.43 | 113.65 |
| Ulcer Index | 0.76% | 0.07% |
| Daily Std Dev | 5.69% | 1.05% |
| Max Drawdown | -28.48% | -17.84% |
| Current Drawdown | -0.89% | 0.00% |
Correlation
The correlation between XHY.TO and FLTR is 0.10, 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
XHY.TO vs. FLTR - Performance Comparison
In the year-to-date period, XHY.TO achieves a 6.83% return, which is significantly higher than FLTR's 6.48% return. Over the past 10 years, XHY.TO has outperformed FLTR with an annualized return of 3.26%, while FLTR has yielded a comparatively lower 2.70% annualized 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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XHY.TO vs. FLTR - Expense Ratio Comparison
XHY.TO has a 0.56% expense ratio, which is higher than FLTR's 0.14% expense ratio.
Risk-Adjusted Performance
XHY.TO vs. FLTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY.TO) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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
XHY.TO vs. FLTR - Dividend Comparison
XHY.TO's dividend yield for the trailing twelve months is around 5.78%, less than FLTR's 6.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XHY.TO iShares U.S. High Yield Bond Index ETF (CAD-Hedged) | 5.78% | 5.56% | 5.70% | 4.72% | 5.18% | 5.38% | 5.87% | 5.46% | 5.64% | 6.83% | 6.14% | 5.95% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 6.11% | 6.08% | 2.30% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% | 0.66% | 0.65% |
Drawdowns
XHY.TO vs. FLTR - Drawdown Comparison
The maximum XHY.TO drawdown since its inception was -28.48%, which is greater than FLTR's maximum drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for XHY.TO and FLTR. For additional features, visit the drawdowns tool.
Volatility
XHY.TO vs. FLTR - Volatility Comparison
iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY.TO) has a higher volatility of 2.39% compared to VanEck Vectors Investment Grade Floating Rate ETF (FLTR) at 0.25%. This indicates that XHY.TO's price experiences larger fluctuations and is considered to be riskier than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.