ZTRE vs. OXLC
Compare and contrast key facts about F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) and Oxford Lane Capital Corp. (OXLC).
ZTRE is a passively managed fund by F/m that tracks the performance of the ICE 3-Year US Target Maturity Corporate Index - Benchmark TR Gross. It was launched on Jan 10, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZTRE or OXLC.
Key characteristics
| ZTRE | OXLC | |
|---|---|---|
| Daily Std Dev | 2.51% | 17.19% |
| Max Drawdown | -1.05% | -74.58% |
| Current Drawdown | -0.05% | -4.24% |
Correlation
The correlation between ZTRE and OXLC is 0.12, 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
ZTRE vs. OXLC - Performance Comparison
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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Risk-Adjusted Performance
ZTRE vs. OXLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) and Oxford Lane Capital Corp. (OXLC). 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.
Not enough dataDividends
ZTRE vs. OXLC - Dividend Comparison
ZTRE's dividend yield for the trailing twelve months is around 2.93%, less than OXLC's 19.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF | 2.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OXLC Oxford Lane Capital Corp. | 19.00% | 18.83% | 17.75% | 10.51% | 22.46% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% | 16.72% | 12.61% |
Drawdowns
ZTRE vs. OXLC - Drawdown Comparison
The maximum ZTRE drawdown since its inception was -1.05%, smaller than the maximum OXLC drawdown of -74.58%. Use the drawdown chart below to compare losses from any high point for ZTRE and OXLC. For additional features, visit the drawdowns tool.
Volatility
ZTRE vs. OXLC - Volatility Comparison
The current volatility for F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) is 0.52%, while Oxford Lane Capital Corp. (OXLC) has a volatility of 3.30%. This indicates that ZTRE experiences smaller price fluctuations and is considered to be less risky than OXLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.