AOHY vs. FLRT

Last updated Aug 5, 2026

AOHY (Angel Oak High Yield Opportunities ETF) and FLRT (Pacer Aristotle Pacific Floating Rate High Income ETF) are both exchange-traded funds - AOHY is a High Yield Bonds fund actively managed by Angel Oak, while FLRT is a Bank Loan fund actively managed by Pacer. Both are actively managed. Over the past year, AOHY returned 5.79% vs 5.26% for FLRT. Their 0.28 correlation means their historical movements had little consistent relationship. AOHY charges 0.55%/yr vs 0.60%/yr for FLRT.

Performance

AOHY vs. FLRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Angel Oak High Yield Opportunities ETF (AOHY) and Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AOHY achieves a 3.09% return, which is significantly higher than FLRT's 2.60% return.

AOHY

• 1D: 0.27%
• 1M: 0.56%
• 6M: 2.26%
• YTD: 3.09%
• 1Y: 5.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.53%

FLRT

• 1D: 0.16%
• 1M: 0.58%
• 6M: 2.28%
• YTD: 2.60%
• 1Y: 5.26%
• 3Y*: 7.95%
• 5Y*: 6.12%
• 10Y*: 4.79%
• ALL TIME*: 4.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AOHY Angel Oak High Yield Opportunities ETF	$1.44M	$927.89K	$615.02K
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF	$5.46M	$4.80M	$4.74M

AOHY vs. FLRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AOHY Angel Oak High Yield Opportunities ETF	3.09%	7.62%	7.70%
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF	2.60%	6.24%	8.01%

Correlation

The correlation between AOHY and FLRT is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.35
Correlation (All Time) Calculated using the full available price history since Feb 20, 2024	0.28

Return for Risk

AOHY vs. FLRT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AOHY

AOHY Risk / Return Rank: 74
AOHY Sharpe Ratio Rank: 71
AOHY Sortino Ratio Rank: 77
AOHY Omega Ratio Rank: 78
AOHY Calmar Ratio Rank: 62
AOHY Martin Ratio Rank: 82

FLRT

FLRT Risk / Return Rank: 89
FLRT Sharpe Ratio Rank: 97
FLRT Sortino Ratio Rank: 97
FLRT Omega Ratio Rank: 97
FLRT Calmar Ratio Rank: 75
FLRT Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AOHY vs. FLRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Angel Oak High Yield Opportunities ETF (AOHY) and Pacer Aristotle Pacific Floating Rate High Income 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AOHY	FLRT	Difference
Sharpe ratio: Return per unit of total volatility	1.84	3.53	-1.69
Sortino ratio: Return per unit of downside risk	2.79	5.29	-2.50
Omega ratio: Gain probability vs. loss probability	1.37	1.78	-0.42
Calmar ratio: Return relative to maximum drawdown	2.45	2.97	-0.52
Martin ratio: Return relative to average drawdown	12.31	10.89	+1.42

AOHY vs. FLRT - Sharpe Ratio Comparison

The current AOHY Sharpe Ratio is 1.84, which is lower than the FLRT Sharpe Ratio of 3.53. The chart below compares the historical Sharpe Ratios of AOHY and FLRT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AOHY vs. FLRT - Drawdown Comparison

The maximum AOHY drawdown since its inception was -4.17%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for AOHY and FLRT.

Drawdown Indicators

	AOHY	FLRT	Difference
Max Drawdown Largest peak-to-trough decline	-4.17%	-20.96%	+16.79%
Max Drawdown (1Y) Largest decline over 1 year	-2.37%	-1.78%	-0.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-2.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-7.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.96%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.34%	-1.39%	+1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	0.48%	-0.01%

Volatility

AOHY vs. FLRT - Volatility Comparison

Angel Oak High Yield Opportunities ETF (AOHY) has a higher volatility of 0.64% compared to Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) at 0.31%. This indicates that AOHY'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.

Volatility by Period

	AOHY	FLRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.64%	0.31%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	2.55%	1.18%	+1.37%
Volatility (1Y) Calculated over the trailing 1-year period	3.17%	1.49%	+1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.71%	2.30%	+1.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.71%	6.09%	-2.38%

AOHY vs. FLRT - Expense Ratio Comparison

AOHY has a 0.55% expense ratio, which is lower than FLRT's 0.60% expense ratio.

Dividends

AOHY vs. FLRT - Dividend Comparison

AOHY's dividend yield for the trailing twelve months is around 6.57%, less than FLRT's 6.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOHY Angel Oak High Yield Opportunities ETF	6.57%	6.53%	6.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF	6.70%	6.93%	7.93%	8.40%	5.81%	3.16%	3.52%	4.30%	3.95%	3.20%	3.38%	3.21%

Frequently Asked Questions

Can I hold both AOHY and FLRT in my portfolio?

AOHY and FLRT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AOHY or FLRT?

AOHY has higher volatility (0.64%) compared to FLRT (0.31%). In terms of maximum drawdown, AOHY dropped -4.17% vs FLRT's -20.96%.

Which ETF is better, AOHY or FLRT?

On 1-year performance, AOHY leads with 5.79% vs 5.26% for FLRT. On fees, AOHY is cheaper at 0.55% per year. On volatility, FLRT has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AOHY or FLRT?

Over the 1-year period, AOHY has performed better with a 5.79% return vs 5.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AOHY or FLRT?

AOHY is cheaper with a 0.55% expense ratio, compared with 0.60% for FLRT.

Which ETF pays a higher dividend yield, AOHY or FLRT?

FLRT has the higher dividend yield at 6.70%, compared with 6.57% for AOHY.

What is the main difference between AOHY and FLRT?

AOHY is categorized as High Yield Bonds, while FLRT is Bank Loan. They also come from different issuers: Angel Oak and Pacer. Their fees differ too: 0.55% for AOHY and 0.60% for FLRT.

Which has better risk-adjusted returns?

FLRT currently has the higher Sharpe Ratio (3.53 vs 1.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.