ECH vs. PFLT
ECH (iShares MSCI Chile ETF) is Foreign Large Cap Equities fund tracking the MSCI Chile Investable Market Index, while PFLT (PennantPark Floating Rate Capital Ltd.) is a stock. Over the past 10 years, ECH returned 4.44%/yr vs 5.33%/yr for PFLT. At a 0.24 correlation, their price movements are largely independent.
Performance
ECH vs. PFLT - Performance Comparison
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Returns By Period
In the year-to-date period, ECH achieves a 2.23% return, which is significantly higher than PFLT's -13.49% return. Over the past 10 years, ECH has underperformed PFLT with an annualized return of 4.44%, while PFLT has yielded a comparatively higher 5.33% annualized return.
ECH
- 1D
- -0.85%
- 1M
- 1.75%
- YTD
- 2.23%
- 6M
- 5.27%
- 1Y
- 36.61%
- 3Y*
- 14.33%
- 5Y*
- 12.22%
- 10Y*
- 4.44%
PFLT
- 1D
- -1.32%
- 1M
- -8.82%
- YTD
- -13.49%
- 6M
- -11.20%
- 1Y
- -17.85%
- 3Y*
- 0.05%
- 5Y*
- 0.63%
- 10Y*
- 5.33%
ECH vs. PFLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ECH iShares MSCI Chile ETF | 2.23% | 65.41% | -8.67% | 9.01% | 25.12% | -19.80% | -7.13% | -17.79% | -18.98% | 41.79% |
PFLT PennantPark Floating Rate Capital Ltd. | -13.49% | -4.17% | 0.62% | 23.05% | -5.53% | 32.64% | -1.41% | 15.52% | -8.29% | 5.49% |
Correlation
The correlation between ECH and PFLT is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.24 |
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Return for Risk
ECH vs. PFLT — Risk / Return Rank
ECH
PFLT
ECH vs. PFLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Chile ETF (ECH) and PennantPark Floating Rate Capital Ltd. (PFLT). 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.
| ECH | PFLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.87 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | -0.82 | +2.68 |
| Martin ratioReturn relative to average drawdown | 4.41 | -1.50 | +5.91 |
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Drawdowns
ECH vs. PFLT - Drawdown Comparison
The maximum ECH drawdown since its inception was -74.08%, which is greater than PFLT's maximum drawdown of -69.77%. Use the drawdown chart below to compare losses from any high point for ECH and PFLT.
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Drawdown Indicators
| ECH | PFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.08% | -69.77% | -4.31% |
Max Drawdown (1Y)Largest decline over 1 year | -19.74% | -21.90% | +2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -25.59% | -22.96% | -2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -25.59% | -29.64% | +4.05% |
Max Drawdown (10Y)Largest decline over 10 years | -66.89% | -69.77% | +2.88% |
Current DrawdownCurrent decline from peak | -24.03% | -22.85% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -37.48% | -8.33% | -29.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.33% | 11.93% | -3.60% |
Volatility
ECH vs. PFLT - Volatility Comparison
iShares MSCI Chile ETF (ECH) has a higher volatility of 9.09% compared to PennantPark Floating Rate Capital Ltd. (PFLT) at 8.03%. This indicates that ECH's price experiences larger fluctuations and is considered to be riskier than PFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECH | PFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 8.03% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 21.20% | 17.12% | +4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.51% | 20.81% | +4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.63% | 21.28% | +6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.27% | 28.98% | -1.71% |
Dividends
ECH vs. PFLT - Dividend Comparison
ECH's dividend yield for the trailing twelve months is around 1.93%, less than PFLT's 16.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECH iShares MSCI Chile ETF | 1.93% | 2.01% | 3.12% | 4.77% | 6.73% | 5.49% | 2.16% | 2.47% | 2.37% | 1.42% | 1.85% | 2.13% |
PFLT PennantPark Floating Rate Capital Ltd. | 16.18% | 13.27% | 11.25% | 9.98% | 10.38% | 8.93% | 10.83% | 9.24% | 9.59% | 8.31% | 8.08% | 10.04% |
Frequently Asked Questions
ECH and PFLT have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECH has higher volatility (9.09%) compared to PFLT (8.03%). In terms of maximum drawdown, ECH dropped -74.08% vs PFLT's -69.77%.
ECH currently has the higher Sharpe Ratio (1.44 vs -0.86), 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.
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