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@msf, what are you using to track those short time periods?
I was happy with VRIG for a while before I purged the IRA in March. SMB Private Education makes me nervous. But I can guess what it is. And there seems to be a lot more Freddie and Fannie making up the securitized portion.
I owned JAAA for about three days before realizing I didn't care to be buying names I didn't recognize. I have no idea where the money at ODO CLO is going.
Now that I am getting back into the market at the very short end, I went with FLTR the other day. The return is a little higher than VRIG. It sits just below CBLDX in my standard deviation (deviant?) ladder. I figure the banks it holds will bailed out one way or another in a black swan event. Perhaps that makes it less of a gamble.
Set the Frequency to Daily and the Data Type to "Growth w/Dividend". That gives you total return and scales each fund charted comparably (total returns relative to $10K start).
If you set a date range of not more than 20 years or so, you can see where the peaks and valleys are. (You won't see much of anything if you look at the lifetime of VWELX, as that spans 86 years.) Mouse over spots to get approximate gains (losses). Or spend a couple of minutes zooming in on the exact start point you want. Then M* will calculate the exact gain on each subsequent date.
Over VRIG's lifetime (starting 9/20/16) FLTR has outperformed, though barely: 34.17% vs. 33.82% cumulative.
Zooming in to 2/1/20 through 4/1/20, one sees that they both peaked on 2/19/20. Setting that as the start point, one sees VRIG hit bottom on 3/26, losing 13.0437%, and FLTR hit its bottom on 3/18/20, losing 17.8062%. Other dips are similar though much smaller and not worth worrying about.
VRIG lost 1.3786% from 11/14/18 to 12/21/18; FLTR lost 1.8535 from 11/13/18 to 12/21/18. VRIG lost 2.2798% from 1/21/22 to 6/16/22; FLTR lost 3.0049% from 2/7/22 to 6/16/22. VRIG lost 0.7763% from 4/2/25 to 4/7/25; FLTR lost 1.9253% from 4/2/25 to 4/4/25.
YTD, FLTR has outperformed 3.11% vs 3.03%.
Overall, neither FLTR's small outperformance nor its slightly deeper short term losses seem consequential. This slight difference is mirrored in FLTR's slightly higher standard deviation. FWIW, M* gives FLTR a risk score of 3 (out of 100), and VRIG a 2. All of this is just splitting hairs.
I don't recognize what's in the CLO ETFs either. Another potential risk there.
Finally, I'll add that I keep looking at CBLDX. My concern here is that unlike Sherman's RPHIX, it doesn't mitigate risk by buying "money good" debt. Still, the numbers (stability of returns) impress for somewhat longer term cash.
I use SNAXX in my IRA account. When the market tanked a few years ago, I sold all my bond oefs in my IRA, and invested over $1mil in SNAXX. A few months later, I started withdrawing funds from SNAXX and invested in CDs. I now have far less in SNAXX than $1mil, but I can still maintain SNAXX as long as I don't liquidate it. I also use SWVXX in a taxable account and in my wife's IRA, which never had enough money to qualify for SNAXX. I live in Texas so state taxes are not an issue for me.
Comments
I was happy with VRIG for a while before I purged the IRA in March. SMB Private Education makes me nervous. But I can guess what it is. And there seems to be a lot more Freddie and Fannie making up the securitized portion.
I owned JAAA for about three days before realizing I didn't care to be buying names I didn't recognize. I have no idea where the money at ODO CLO is going.
Now that I am getting back into the market at the very short end, I went with FLTR the other day. The return is a little higher than VRIG. It sits just below CBLDX in my standard deviation (deviant?) ladder. I figure the banks it holds will bailed out one way or another in a black swan event. Perhaps that makes it less of a gamble.
https://www.morningstar.com/etfs/arcx/fltr/chart
Set the Frequency to Daily and the Data Type to "Growth w/Dividend". That gives you total return and scales each fund charted comparably (total returns relative to $10K start).
If you set a date range of not more than 20 years or so, you can see where the peaks and valleys are. (You won't see much of anything if you look at the lifetime of VWELX, as that spans 86 years.) Mouse over spots to get approximate gains (losses). Or spend a couple of minutes zooming in on the exact start point you want. Then M* will calculate the exact gain on each subsequent date.
Over VRIG's lifetime (starting 9/20/16) FLTR has outperformed, though barely: 34.17% vs. 33.82% cumulative.
Zooming in to 2/1/20 through 4/1/20, one sees that they both peaked on 2/19/20. Setting that as the start point, one sees VRIG hit bottom on 3/26, losing 13.0437%, and FLTR hit its bottom on 3/18/20, losing 17.8062%. Other dips are similar though much smaller and not worth worrying about.
VRIG lost 1.3786% from 11/14/18 to 12/21/18; FLTR lost 1.8535 from 11/13/18 to 12/21/18.
VRIG lost 2.2798% from 1/21/22 to 6/16/22; FLTR lost 3.0049% from 2/7/22 to 6/16/22.
VRIG lost 0.7763% from 4/2/25 to 4/7/25; FLTR lost 1.9253% from 4/2/25 to 4/4/25.
YTD, FLTR has outperformed 3.11% vs 3.03%.
Overall, neither FLTR's small outperformance nor its slightly deeper short term losses seem consequential. This slight difference is mirrored in FLTR's slightly higher standard deviation. FWIW, M* gives FLTR a risk score of 3 (out of 100), and VRIG a 2. All of this is just splitting hairs.
I don't recognize what's in the CLO ETFs either. Another potential risk there.
Finally, I'll add that I keep looking at CBLDX. My concern here is that unlike Sherman's RPHIX, it doesn't mitigate risk by buying "money good" debt. Still, the numbers (stability of returns) impress for somewhat longer term cash.
if you have an ML advisor, which I do not, there is a Fido gov mm fund paying (7d) 4.24%