Correlation
The correlation between XHYH and FLRN is 0.19, 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.
XHYH vs. FLRN
Compare and contrast key facts about BondBloxx US High Yield Healthcare Sector ETF (XHYH) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN).
XHYH and FLRN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHYH is a passively managed fund by BondBloxx that tracks the performance of the ICE Diversified US Cash Pay High Yield Healthcare Index. It was launched on Feb 15, 2022. FLRN is a passively managed fund by State Street that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Nov 30, 2011. Both XHYH and FLRN 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: XHYH or FLRN.
Performance
XHYH vs. FLRN - Performance Comparison
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Key characteristics
XHYH:
1.21
FLRN:
2.84
XHYH:
1.84
FLRN:
3.62
XHYH:
1.32
FLRN:
2.24
XHYH:
2.27
FLRN:
3.74
XHYH:
9.34
FLRN:
30.63
XHYH:
1.00%
FLRN:
0.17%
XHYH:
7.77%
FLRN:
1.88%
XHYH:
-17.84%
FLRN:
-14.64%
XHYH:
0.00%
FLRN:
-0.00%
Returns By Period
In the year-to-date period, XHYH achieves a 3.61% return, which is significantly higher than FLRN's 1.90% return.
XHYH
3.61%
1.75%
2.68%
9.37%
5.86%
N/A
N/A
FLRN
1.90%
0.50%
2.41%
5.32%
5.48%
3.55%
2.56%
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XHYH vs. FLRN - Expense Ratio Comparison
XHYH has a 0.35% expense ratio, which is higher than FLRN's 0.15% expense ratio.
Risk-Adjusted Performance
XHYH vs. FLRN — Risk-Adjusted Performance Rank
XHYH
FLRN
XHYH vs. FLRN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Healthcare Sector ETF (XHYH) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN). 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.
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Dividends
XHYH vs. FLRN - Dividend Comparison
XHYH's dividend yield for the trailing twelve months is around 7.01%, more than FLRN's 5.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XHYH BondBloxx US High Yield Healthcare Sector ETF | 7.01% | 6.95% | 7.73% | 6.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 5.41% | 5.67% | 5.68% | 1.95% | 0.39% | 1.22% | 2.76% | 2.39% | 1.64% | 1.06% | 0.63% | 0.53% |
Drawdowns
XHYH vs. FLRN - Drawdown Comparison
The maximum XHYH drawdown since its inception was -17.84%, which is greater than FLRN's maximum drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for XHYH and FLRN.
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Volatility
XHYH vs. FLRN - Volatility Comparison
BondBloxx US High Yield Healthcare Sector ETF (XHYH) has a higher volatility of 1.05% compared to SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) at 0.25%. This indicates that XHYH's price experiences larger fluctuations and is considered to be riskier than FLRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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