ZPRC vs. AT1S - ETF Comparison
ZPRC - SPDR Refinitiv Global Convertible Bond UCITS ETF
The SPDR Refinitiv Global Convertible Bond UCITS ETF is a bond-focused exchange-traded fund that tracks the Refinitiv Qualified Global Convertible index, providing investors with exposure to the global convertible bond market. The fund employs a sampling technique to replicate the performance of the underlying index and distributes interest income semi-annually.
AT1S - Invesco AT1 Capital Bond UCITS ETF GBP Hedged Dist
The Invesco AT1 Capital Bond UCITS ETF GBP Hedged Dist is a bond ETF that tracks the iBoxx USD Contingent Convertible Liquid Developed Market AT1 (GBP Hedged) index, providing exposure to USD-denominated contingent convertible bonds issued by developed-country banks worldwide. The ETF is currency hedged to GBP and distributes interest income quarterly.
| ZPRC | AT1S | |
|---|---|---|
| Fund Name | SPDR Refinitiv Global Convertible Bond UCITS ETF | Invesco AT1 Capital Bond UCITS ETF GBP Hedged Dist |
| Fund Provider | State Street | Invesco |
| Index | Refinitiv Qualified Global Convertible | iBoxx® USD Contingent Convertible Liquid Developed Market AT1 (GBP Hedged) |
| Asset Class | Bonds | Bonds |
| Listing | EU-listed | EU-listed |
| Expense Ratio | 0.5% | 0.39% |
| Inception Date | 2014-10-14 | 2018-09-24 |
| Number Of Holdings | 342 | 80 |
| Currency | USD | GBP |
| Distribution Policy | Distributing | Distributing |
| Region | Global | Developed Markets |
| Sector | Financials | Financials |
| Sector Detail | Convertible Bonds | Banks |
| Bond Type | Convertible Bonds | Convertible Bonds |
| Leveraged | Non-leveraged | Non-leveraged |
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Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.