FLXR vs SIO
TCW Flexible Income ETF vs Touchstone Strategic Income ETF
Which is better, FLXR or SIO?
FLXR has been ahead.
FLXR has a lower expense ratio. FLXR led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FLXR | SIO |
|---|---|---|
| Expense Ratio | 0.40%Best | 0.50% |
| AUM | - | $292M |
| Dividend Yield | 6.26% | 7.65% |
| Holdings | 1,602 | 205 |
| YTD Return | +0.03%Best | -1.08% |
| 1Y Return | +1.00%Best | -0.02% |
| 3Y Return (annualized) | - | +7.19% |
| Volatility (annualized) | 3.3%Best | 4.2% |
| Max Drawdown | -2.3%Best | -3.6% |
| $10,000 over 2.3 years | $11,347Best | $11,146 |
| Fund Family | TCW ETFs | Touchstone Investments |
| Category | Fixed Income | Fixed Income |
| Style | Intermediate Term Bond | Intermediate Term Bond |
| Inception | Jun 24, 2024 | Jul 21, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jun 24, 2024 to Oct 14, 2026 (2.3 years).
FLXR vs SIO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.3 years both funds cover.
FLXR vs SIO Performance
TCW Flexible Income ETF (FLXR) is an ETF from TCW ETFs and Touchstone Strategic Income ETF (SIO) is an ETF from Touchstone Investments. Over the past year FLXR returned +1.00% while SIO returned -0.02%. Year to date, FLXR is up 0.03% versus a loss of 1.08% for SIO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SIO has been the more volatile fund, with annualized monthly volatility of 4.2% compared with 3.3% for FLXR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -2.3% for FLXR and -3.6% for SIO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLXR charges 0.40% per year while SIO charges 0.50%. On a $10,000 position that is $40 vs $50 annually, a gap of $10 per year that compounds over a long holding period. On income, FLXR currently yields 6.26% against 7.65% for SIO.
Holdings Overlap
We hold position weights for 54 holdings in FLXR and 105 in SIO, totalling 13.7% and 42.6% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 54 positions we hold weights for in FLXR and 105 in SIO, against full books of 1,602 and 205.
Top Shared Holdings
| Stock | Weight in FLXR | Weight in SIO | Difference |
|---|---|---|---|
| BX 2019-OC11 EBx Trust 2019 Oc11 Bx 2019 Oc11 E 144A | 0.07% | 0.59% | 0.52% |
You are not choosing between two funds in isolation.
Whichever of FLXR and SIO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FLXR or SIO?
FLXR has an expense ratio of 0.40% while SIO charges 0.50%. FLXR is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, FLXR or SIO?
Over the past year FLXR returned +1.00% vs -0.02% for SIO, so FLXR leads on 1-year performance. Over the longest common window we track (2 years), FLXR annualized +5.65% vs +4.83% for SIO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLXR or SIO?
SIO has been the more volatile fund at 4.2% annualized versus 3.3% for FLXR. Worst drawdown: FLXR -2.3% vs SIO -3.6%.
Should I hold both FLXR and SIO?
FLXR and SIO have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, FLXR or SIO?
FLXR yields 6.26% while SIO yields 7.65%, so SIO currently pays the higher dividend yield.
Is SIO better than FLXR?
FLXR has a lower expense ratio. FLXR led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.