FLOTX vs. PWRIX

Last updated Jun 3, 2026

FLOTX (Donoghue Forlines Risk Managed Income Fund) and PWRIX (Donoghue Forlines Tactical Income Fund) are both mutual funds - FLOTX is a Bank Loan fund managed by Donoghue Forlines LLC, while PWRIX is a Nontraditional Bonds fund managed by Donoghue Forlines LLC. Over the past 5 years, FLOTX returned 2.69%/yr vs 1.02%/yr for PWRIX. At a 0.44 correlation, their price movements are largely independent. FLOTX charges 1.07%/yr vs 1.53%/yr for PWRIX.

Performance

FLOTX vs. PWRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Donoghue Forlines Risk Managed Income Fund (FLOTX) and Donoghue Forlines Tactical Income Fund (PWRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLOTX achieves a -0.55% return, which is significantly lower than PWRIX's -0.25% return.

FLOTX

• 1D: 0.11%
• 1M: 0.33%
• YTD: -0.55%
• 6M: 0.09%
• 1Y: 3.33%
• 3Y*: 5.20%
• 5Y*: 2.69%
• 10Y*: —

PWRIX

• 1D: -0.11%
• 1M: -0.11%
• YTD: -0.25%
• 6M: -0.14%
• 1Y: 2.13%
• 3Y*: 4.67%
• 5Y*: 1.02%
• 10Y*: 1.69%

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

FLOTX vs. PWRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FLOTX Donoghue Forlines Risk Managed Income Fund	-0.55%	2.47%	6.76%	8.28%	-3.59%	2.45%	3.95%	3.51%	1.96%
PWRIX Donoghue Forlines Tactical Income Fund	-0.25%	3.58%	4.57%	8.09%	-9.39%	3.11%	-4.54%	9.07%	-0.96%

Correlation

The correlation between FLOTX and PWRIX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Mar 29, 2018	0.44

The correlation between FLOTX and PWRIX has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.

Return for Risk

FLOTX vs. PWRIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLOTX

FLOTX Risk / Return Rank: 38
FLOTX Sharpe Ratio Rank: 47
FLOTX Sortino Ratio Rank: 48
FLOTX Omega Ratio Rank: 67
FLOTX Calmar Ratio Rank: 15
FLOTX Martin Ratio Rank: 13

PWRIX

PWRIX Risk / Return Rank: 13
PWRIX Sharpe Ratio Rank: 14
PWRIX Sortino Ratio Rank: 13
PWRIX Omega Ratio Rank: 18
PWRIX Calmar Ratio Rank: 11
PWRIX Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLOTX vs. PWRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Donoghue Forlines Risk Managed Income Fund (FLOTX) and Donoghue Forlines Tactical Income Fund (PWRIX). 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.

	FLOTX	PWRIX	Difference
Sharpe ratio Return per unit of total volatility	2.01	1.03	+0.99
Sortino ratio Return per unit of downside risk	2.92	1.52	+1.40
Omega ratio Gain probability vs. loss probability	1.46	1.22	+0.24
Calmar ratio Return relative to maximum drawdown	1.41	1.08	+0.33
Martin ratio Return relative to average drawdown	3.82	3.20	+0.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLOTX vs. PWRIX - Sharpe Ratio Comparison

The current FLOTX Sharpe Ratio is 2.01, which is higher than the PWRIX Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of FLOTX and PWRIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLOTX	PWRIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	1.03	+0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	0.23	+0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	0.50	+0.74

Drawdowns

FLOTX vs. PWRIX - Drawdown Comparison

The maximum FLOTX drawdown since its inception was -4.40%, smaller than the maximum PWRIX drawdown of -14.55%. Use the drawdown chart below to compare losses from any high point for FLOTX and PWRIX.

Drawdown Indicators

	FLOTX	PWRIX	Difference
Max Drawdown Largest peak-to-trough decline	-4.40%	-14.55%	+10.15%
Max Drawdown (1Y) Largest decline over 1 year	-2.36%	-2.09%	-0.27%
Max Drawdown (3Y) Largest decline over 3 years	-3.34%	-2.92%	-0.42%
Max Drawdown (5Y) Largest decline over 5 years	-4.40%	-12.43%	+8.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-14.55%	—
Current Drawdown Current decline from peak	-0.97%	-1.02%	+0.05%
Average Drawdown Average peak-to-trough decline	-1.03%	-2.96%	+1.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	0.70%	+0.17%

Volatility

FLOTX vs. PWRIX - Volatility Comparison

The current volatility for Donoghue Forlines Risk Managed Income Fund (FLOTX) is 0.43%, while Donoghue Forlines Tactical Income Fund (PWRIX) has a volatility of 0.86%. This indicates that FLOTX experiences smaller price fluctuations and is considered to be less risky than PWRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLOTX	PWRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.43%	0.86%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	1.34%	1.88%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	1.67%	2.09%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.68%	4.38%	-1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.46%	4.55%	-2.09%

FLOTX vs. PWRIX - Expense Ratio Comparison

FLOTX has a 1.07% expense ratio, which is lower than PWRIX's 1.53% expense ratio.

Dividends

FLOTX vs. PWRIX - Dividend Comparison

FLOTX's dividend yield for the trailing twelve months is around 6.80%, more than PWRIX's 3.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLOTX Donoghue Forlines Risk Managed Income Fund	6.80%	5.79%	7.15%	7.16%	1.56%	2.13%	2.42%	3.78%	3.20%	0.00%	0.00%	0.00%
PWRIX Donoghue Forlines Tactical Income Fund	3.60%	2.17%	4.85%	3.78%	0.41%	2.88%	1.14%	1.79%	3.99%	3.91%	0.66%	1.96%

Frequently Asked Questions

Can I hold both FLOTX and PWRIX in my portfolio?

FLOTX and PWRIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLOTX or PWRIX?

PWRIX has higher volatility (0.86%) compared to FLOTX (0.43%). In terms of maximum drawdown, FLOTX dropped -4.40% vs PWRIX's -14.55%.

Which has better risk-adjusted returns?

FLOTX currently has the higher Sharpe Ratio (2.01 vs 1.03), 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.