FLRT vs. AAA
Compare and contrast key facts about Pacific Global Senior Loan ETF (FLRT) and AAF First Priority CLO Bond ETF (AAA).
FLRT and AAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLRT is an actively managed fund by Pacific Life. It was launched on Feb 19, 2015. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLRT or AAA.
Key characteristics
| FLRT | AAA | |
|---|---|---|
| YTD Return | 8.10% | 5.84% |
| 1Y Return | 11.40% | 7.41% |
| 3Y Return (Ann) | 6.53% | 4.99% |
| Sharpe Ratio | 8.08 | 3.71 |
| Sortino Ratio | 14.08 | 6.09 |
| Omega Ratio | 4.02 | 1.83 |
| Calmar Ratio | 22.04 | 15.60 |
| Martin Ratio | 109.63 | 69.91 |
| Ulcer Index | 0.10% | 0.10% |
| Daily Std Dev | 1.42% | 1.97% |
| Max Drawdown | -20.96% | -2.63% |
| Current Drawdown | 0.00% | -0.06% |
Correlation
The correlation between FLRT and AAA 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
FLRT vs. AAA - Performance Comparison
In the year-to-date period, FLRT achieves a 8.10% return, which is significantly higher than AAA's 5.84% 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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FLRT vs. AAA - Expense Ratio Comparison
FLRT has a 0.69% expense ratio, which is higher than AAA's 0.25% expense ratio.
Risk-Adjusted Performance
FLRT vs. AAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Global Senior Loan ETF (FLRT) and AAF First Priority CLO Bond ETF (AAA). 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
FLRT vs. AAA - Dividend Comparison
FLRT's dividend yield for the trailing twelve months is around 8.25%, more than AAA's 6.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacific Global Senior Loan ETF | 8.25% | 8.42% | 5.81% | 3.16% | 3.51% | 4.31% | 3.95% | 3.20% | 3.38% | 3.21% |
AAA AAF First Priority CLO Bond ETF | 6.31% | 6.12% | 2.78% | 1.06% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLRT vs. AAA - Drawdown Comparison
The maximum FLRT drawdown since its inception was -20.96%, which is greater than AAA's maximum drawdown of -2.63%. Use the drawdown chart below to compare losses from any high point for FLRT and AAA. For additional features, visit the drawdowns tool.
Volatility
FLRT vs. AAA - Volatility Comparison
The current volatility for Pacific Global Senior Loan ETF (FLRT) is 0.21%, while AAF First Priority CLO Bond ETF (AAA) has a volatility of 0.43%. This indicates that FLRT experiences smaller price fluctuations and is considered to be less risky than AAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.