XVOL vs. CCRV
Compare and contrast key facts about Acruence Active Hedge U.S. Equity ETF (XVOL) and iShares Commodity Curve Carry Strategy ETF (CCRV).
XVOL and CCRV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XVOL is an actively managed fund by Toroso Investments. It was launched on Apr 22, 2021. CCRV is a passively managed fund by iShares that tracks the performance of the CCRV-US - ICE BofA Commodity Enhanced Carry Index. It was launched on Sep 1, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XVOL or CCRV.
Key characteristics
| XVOL | CCRV | |
|---|---|---|
| YTD Return | 25.85% | 3.85% |
| 1Y Return | 32.69% | 0.66% |
| 3Y Return (Ann) | 2.71% | 9.38% |
| Sharpe Ratio | 1.83 | 0.03 |
| Sortino Ratio | 2.66 | 0.15 |
| Omega Ratio | 1.47 | 1.02 |
| Calmar Ratio | 1.78 | 0.04 |
| Martin Ratio | 7.52 | 0.11 |
| Ulcer Index | 4.75% | 4.27% |
| Daily Std Dev | 19.46% | 14.43% |
| Max Drawdown | -25.82% | -24.81% |
| Current Drawdown | -1.70% | -7.38% |
Correlation
The correlation between XVOL and CCRV is 0.17, 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
XVOL vs. CCRV - Performance Comparison
In the year-to-date period, XVOL achieves a 25.85% return, which is significantly higher than CCRV's 3.85% 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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XVOL vs. CCRV - Expense Ratio Comparison
XVOL has a 0.83% expense ratio, which is higher than CCRV's 0.40% expense ratio.
Risk-Adjusted Performance
XVOL vs. CCRV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Acruence Active Hedge U.S. Equity ETF (XVOL) and iShares Commodity Curve Carry Strategy ETF (CCRV). 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
XVOL vs. CCRV - Dividend Comparison
XVOL's dividend yield for the trailing twelve months is around 0.87%, less than CCRV's 6.99% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
XVOL Acruence Active Hedge U.S. Equity ETF | 0.87% | 1.09% | 2.86% | 0.29% |
CCRV iShares Commodity Curve Carry Strategy ETF | 6.99% | 7.26% | 33.27% | 26.22% |
Drawdowns
XVOL vs. CCRV - Drawdown Comparison
The maximum XVOL drawdown since its inception was -25.82%, roughly equal to the maximum CCRV drawdown of -24.81%. Use the drawdown chart below to compare losses from any high point for XVOL and CCRV. For additional features, visit the drawdowns tool.
Volatility
XVOL vs. CCRV - Volatility Comparison
Acruence Active Hedge U.S. Equity ETF (XVOL) and iShares Commodity Curve Carry Strategy ETF (CCRV) have volatilities of 4.73% and 4.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.