FLRT vs. AAA
FLRT (Pacer Aristotle Pacific Floating Rate High Income ETF) and AAA (Alternative Access First Priority CLO Bond ETF) are both exchange-traded funds - FLRT is a Bank Loan fund actively managed by Pacer, while AAA is a CLO fund actively managed by Alternative Access. Both are actively managed. Over the past 5 years, FLRT returned 6.08%/yr vs 4.70%/yr for AAA. Their 0.12 correlation means their historical movements had little consistent relationship. FLRT charges 0.60%/yr vs 0.25%/yr for AAA.
Performance
FLRT vs. AAA - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FLRT having a 2.39% return and AAA slightly lower at 2.38%.
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%
AAA
- 1D
- 0.04%
- 1M
- 0.25%
- 6M
- 2.05%
- YTD
- 2.38%
- 1Y
- 4.44%
- 3Y*
- 6.08%
- 5Y*
- 4.70%
- 10Y*
- —
- ALL TIME*
- 4.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $104.67K | $160.03K | $268.18K | |
| $4.88M | $4.59M | $4.78M |
FLRT vs. AAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 2.39% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 3.07% |
AAA Alternative Access First Priority CLO Bond ETF | 2.38% | 4.92% | 6.85% | 8.94% | 0.15% | 0.86% | 0.20% |
Correlation
The correlation between FLRT and AAA is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020 | 0.12 |
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Return for Risk
FLRT vs. AAA — Risk / Return Rank
FLRT
AAA
FLRT vs. AAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) and Alternative Access 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.
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.
| FLRT | AAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.38 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 7.57 | -4.69 |
| Martin ratioReturn relative to average drawdown | 10.59 | 24.65 | -14.06 |
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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.
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Drawdown Indicators
| FLRT | AAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.96% | -2.63% | -18.33% |
Max Drawdown (1Y)Largest decline over 1 year | -1.78% | -0.60% | -1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -2.87% | -2.40% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -7.60% | -2.63% | -4.97% |
Max Drawdown (10Y)Largest decline over 10 years | -20.96% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.12% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -0.30% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.18% | +0.30% |
Volatility
FLRT vs. AAA - Volatility Comparison
The current volatility for Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) is 0.29%, while Alternative Access First Priority CLO Bond ETF (AAA) has a volatility of 0.69%. 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.
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Volatility by Period
| FLRT | AAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 0.69% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 1.73% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 2.34% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.30% | 2.31% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.09% | 2.15% | +3.94% |
FLRT vs. AAA - Expense Ratio Comparison
FLRT has a 0.60% expense ratio, which is higher than AAA's 0.25% expense ratio.
Dividends
FLRT vs. AAA - Dividend Comparison
FLRT's dividend yield for the trailing twelve months is around 6.72%, more than AAA's 4.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAA Alternative Access First Priority CLO Bond ETF | 4.82% | 5.11% | 6.17% | 6.11% | 2.78% | 1.06% | 0.32% | 0.00% | 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
FLRT and AAA have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAA has higher volatility (0.69%) compared to FLRT (0.29%). In terms of maximum drawdown, FLRT dropped -20.96% vs AAA's -2.63%.
On 5-year performance, FLRT leads with 6.08% vs 4.70% for AAA. On fees, AAA is cheaper at 0.25% 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 4.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AAA is cheaper with a 0.25% expense ratio, compared with 0.60% for FLRT.
FLRT has the higher dividend yield at 6.72%, compared with 4.82% for AAA.
FLRT is categorized as Bank Loan, while AAA is CLO. They also come from different issuers: Pacer and Alternative Access. Their fees differ too: 0.60% for FLRT and 0.25% for AAA.
FLRT currently has the higher Sharpe Ratio (3.45 vs 1.96), 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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