YLD vs. BNDW
Compare and contrast key facts about Principal Active High Yield ETF (YLD) and Vanguard Total World Bond ETF (BNDW).
YLD and BNDW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YLD is an actively managed fund by Principal. It was launched on Jul 9, 2015. BNDW is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Barclays Global Aggregate Float Adjusted TR Index. It was launched on Sep 4, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YLD or BNDW.
Key characteristics
| YLD | BNDW | |
|---|---|---|
| YTD Return | 9.58% | 2.69% |
| 1Y Return | 15.22% | 8.64% |
| 3Y Return (Ann) | 4.13% | -1.67% |
| 5Y Return (Ann) | 5.15% | 0.07% |
| Sharpe Ratio | 2.65 | 1.64 |
| Sortino Ratio | 4.11 | 2.44 |
| Omega Ratio | 1.49 | 1.29 |
| Calmar Ratio | 6.82 | 0.59 |
| Martin Ratio | 29.63 | 6.08 |
| Ulcer Index | 0.50% | 1.32% |
| Daily Std Dev | 5.57% | 4.90% |
| Max Drawdown | -28.34% | -17.22% |
| Current Drawdown | -0.05% | -6.11% |
Correlation
The correlation between YLD and BNDW is 0.23, 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
YLD vs. BNDW - Performance Comparison
In the year-to-date period, YLD achieves a 9.58% return, which is significantly higher than BNDW's 2.69% 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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YLD vs. BNDW - Expense Ratio Comparison
YLD has a 0.39% expense ratio, which is higher than BNDW's 0.06% expense ratio.
Risk-Adjusted Performance
YLD vs. BNDW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Active High Yield ETF (YLD) and Vanguard Total World Bond ETF (BNDW). 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
YLD vs. BNDW - Dividend Comparison
YLD's dividend yield for the trailing twelve months is around 6.86%, more than BNDW's 4.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
YLD Principal Active High Yield ETF | 6.86% | 6.46% | 6.50% | 4.22% | 4.40% | 4.81% | 5.82% | 5.86% | 4.83% | 2.56% |
BNDW Vanguard Total World Bond ETF | 4.15% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% | 0.00% | 0.00% |
Drawdowns
YLD vs. BNDW - Drawdown Comparison
The maximum YLD drawdown since its inception was -28.34%, which is greater than BNDW's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for YLD and BNDW. For additional features, visit the drawdowns tool.
Volatility
YLD vs. BNDW - Volatility Comparison
Principal Active High Yield ETF (YLD) has a higher volatility of 2.06% compared to Vanguard Total World Bond ETF (BNDW) at 1.25%. This indicates that YLD's price experiences larger fluctuations and is considered to be riskier than BNDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.