FLCB vs. FLRT
FLCB (Franklin U.S. Core Bond ETF) and FLRT (Pacer Aristotle Pacific Floating Rate High Income ETF) are both exchange-traded funds - FLCB is a Intermediate Core Bond fund actively managed by Franklin Templeton, while FLRT is a Bank Loan fund actively managed by Pacer. Both are actively managed. Over the past 5 years, FLCB returned -0.49%/yr vs 6.08%/yr for FLRT. Their 0.15 correlation means their historical movements had little consistent relationship. FLCB charges 0.15%/yr vs 0.60%/yr for FLRT.
Performance
FLCB vs. FLRT - Performance Comparison
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Returns By Period
In the year-to-date period, FLCB achieves a -0.55% return, which is significantly lower than FLRT's 2.39% return.
FLCB
- 1D
- -0.31%
- 1M
- -1.27%
- 6M
- -0.85%
- YTD
- -0.55%
- 1Y
- 1.88%
- 3Y*
- 3.97%
- 5Y*
- -0.49%
- 10Y*
- —
- ALL TIME*
- 0.74%
FLRT
- 1D
- 0.06%
- 1M
- 0.38%
- 6M
- 2.08%
- YTD
- 2.39%
- 1Y
- 5.09%
- 3Y*
- 7.87%
- 5Y*
- 6.08%
- 10Y*
- 4.83%
- ALL TIME*
- 4.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.07M | $9.57M | $9.69M | |
| $4.88M | $4.59M | $4.78M |
FLCB vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLCB Franklin U.S. Core Bond ETF | -0.55% | 6.95% | 1.59% | 5.72% | -13.54% | -1.73% | 7.66% | 0.65% |
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 2.39% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 2.78% | 1.76% |
Correlation
The correlation between FLCB and FLRT is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2019 | 0.15 |
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Return for Risk
FLCB vs. FLRT — Risk / Return Rank
FLCB
FLRT
FLCB vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Core Bond ETF (FLCB) 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.
| FLCB | FLRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -4.08 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.76 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 2.89 | -1.92 |
| Martin ratioReturn relative to average drawdown | 2.43 | 10.59 | -8.16 |
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Drawdowns
FLCB vs. FLRT - Drawdown Comparison
The maximum FLCB drawdown since its inception was -18.82%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for FLCB and FLRT.
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Drawdown Indicators
| FLCB | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -20.96% | +2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -1.78% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -5.03% | -2.87% | -2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -18.45% | -7.60% | -10.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.96% | — |
Current DrawdownCurrent decline from peak | -3.16% | 0.00% | -3.16% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -1.39% | -5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 0.48% | +0.65% |
Volatility
FLCB vs. FLRT - Volatility Comparison
Franklin U.S. Core Bond ETF (FLCB) has a higher volatility of 0.92% compared to Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) at 0.29%. This indicates that FLCB'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.
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Volatility by Period
| FLCB | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.29% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 1.19% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 1.49% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 2.30% | +3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.47% | 6.09% | -0.62% |
FLCB vs. FLRT - Expense Ratio Comparison
FLCB has a 0.15% expense ratio, which is lower than FLRT's 0.60% expense ratio.
Dividends
FLCB vs. FLRT - Dividend Comparison
FLCB's dividend yield for the trailing twelve months is around 4.38%, less than FLRT's 6.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCB Franklin U.S. Core Bond ETF | 3.99% | 4.19% | 4.10% | 3.40% | 2.73% | 2.28% | 3.24% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 6.72% | 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
FLCB and FLRT have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLCB has higher volatility (0.92%) compared to FLRT (0.29%). In terms of maximum drawdown, FLCB dropped -18.82% vs FLRT's -20.96%.
On 5-year performance, FLRT leads with 6.08% vs -0.49% for FLCB. On fees, FLCB is cheaper at 0.15% per year. On volatility, FLRT has been the lower-risk option at 0.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLRT has performed better with a 6.08% return vs -0.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLCB is cheaper with a 0.15% expense ratio, compared with 0.60% for FLRT.
FLRT has the higher dividend yield at 6.72%, compared with 3.99% for FLCB.
FLCB is categorized as Intermediate Core Bond, while FLRT is Bank Loan. They also come from different issuers: Franklin Templeton and Pacer. Their fees differ too: 0.15% for FLCB and 0.60% for FLRT.
FLRT currently has the higher Sharpe Ratio (3.45 vs 0.73), 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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