AAA vs. FLRT
Compare and contrast key facts about AAF First Priority CLO Bond ETF (AAA) and Pacific Global Senior Loan ETF (FLRT).
AAA and FLRT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020. FLRT is an actively managed fund by Pacific Life. It was launched on Feb 19, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAA or FLRT.
Key characteristics
| AAA | FLRT | |
|---|---|---|
| YTD Return | 2.44% | 3.48% |
| 1Y Return | 8.85% | 13.35% |
| 3Y Return (Ann) | 4.04% | 5.56% |
| Sharpe Ratio | 4.92 | 9.77 |
| Daily Std Dev | 1.82% | 1.37% |
| Max Drawdown | -2.64% | -20.96% |
| Current Drawdown | -0.34% | -0.07% |
Correlation
The correlation between AAA and FLRT is 0.13, 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
AAA vs. FLRT - Performance Comparison
In the year-to-date period, AAA achieves a 2.44% return, which is significantly lower than FLRT's 3.48% 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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AAA vs. FLRT - Expense Ratio Comparison
AAA has a 0.25% expense ratio, which is lower than FLRT's 0.69% expense ratio.
Risk-Adjusted Performance
AAA vs. FLRT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AAF First Priority CLO Bond ETF (AAA) and Pacific Global Senior Loan ETF (FLRT). 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
AAA vs. FLRT - Dividend Comparison
AAA's dividend yield for the trailing twelve months is around 6.22%, less than FLRT's 8.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAA AAF First Priority CLO Bond ETF | 6.22% | 6.11% | 2.78% | 1.05% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLRT Pacific Global Senior Loan ETF | 8.46% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
Drawdowns
AAA vs. FLRT - Drawdown Comparison
The maximum AAA drawdown since its inception was -2.64%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for AAA and FLRT. For additional features, visit the drawdowns tool.
Volatility
AAA vs. FLRT - Volatility Comparison
AAF First Priority CLO Bond ETF (AAA) has a higher volatility of 0.81% compared to Pacific Global Senior Loan ETF (FLRT) at 0.40%. This indicates that AAA's price experiences larger fluctuations and is considered to be riskier than FLRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.