FLRT vs. BKLN
FLRT (Pacer Aristotle Pacific Floating Rate High Income ETF) and BKLN (Invesco Senior Loan ETF) are both Bank Loan funds. FLRT is actively managed, while BKLN is passively managed. Over the past 10 years, FLRT returned 4.83%/yr vs 4.23%/yr for BKLN. Their 0.23 correlation means their historical movements had little consistent relationship. FLRT charges 0.60%/yr vs 0.65%/yr for BKLN.
Performance
FLRT vs. BKLN - Performance Comparison
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Returns By Period
In the year-to-date period, FLRT achieves a 2.39% return, which is significantly higher than BKLN's 0.65% return. Over the past 10 years, FLRT has outperformed BKLN with an annualized return of 4.83%, while BKLN has yielded a comparatively lower 4.23% annualized return.
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%
BKLN
- 1D
- 0.05%
- 1M
- 0.73%
- 6M
- 1.39%
- YTD
- 0.65%
- 1Y
- 4.08%
- 3Y*
- 6.92%
- 5Y*
- 5.35%
- 10Y*
- 4.23%
- ALL TIME*
- 3.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $118.65M | $121.61M | $174.22M | |
| $4.88M | $4.59M | $4.78M |
FLRT vs. BKLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 2.39% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 2.78% | 9.44% | -1.14% | 1.72% |
BKLN Invesco Senior Loan ETF | 0.65% | 6.88% | 8.21% | 12.53% | -2.51% | 2.32% | 1.32% | 10.03% | -1.32% | 2.13% |
Correlation
The correlation between FLRT and BKLN is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.23 |
The correlation between FLRT and BKLN shifts across timeframes, from 0.23 (all time) to 0.33 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLRT vs. BKLN — Risk / Return Rank
FLRT
BKLN
FLRT vs. BKLN - 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 Invesco Senior Loan ETF (BKLN). 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 | BKLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.04 | ||
| Sortino ratioReturn per unit of downside risk | +3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.32 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 1.27 | +1.62 |
| Martin ratioReturn relative to average drawdown | 10.59 | 4.91 | +5.68 |
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Drawdowns
FLRT vs. BKLN - Drawdown Comparison
The maximum FLRT drawdown since its inception was -20.96%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for FLRT and BKLN.
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Drawdown Indicators
| FLRT | BKLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.96% | -24.17% | +3.21% |
Max Drawdown (1Y)Largest decline over 1 year | -1.78% | -3.07% | +1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -2.87% | -3.55% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -7.60% | -7.31% | -0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -20.96% | -24.17% | +3.21% |
Current DrawdownCurrent decline from peak | 0.00% | -0.05% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -1.08% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.79% | -0.31% |
Volatility
FLRT vs. BKLN - Volatility Comparison
The current volatility for Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) is 0.29%, while Invesco Senior Loan ETF (BKLN) has a volatility of 0.34%. This indicates that FLRT experiences smaller price fluctuations and is considered to be less risky than BKLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRT | BKLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 0.34% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 2.53% | -1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 2.77% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.30% | 4.47% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.09% | 6.41% | -0.32% |
FLRT vs. BKLN - Expense Ratio Comparison
FLRT has a 0.60% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Dividends
FLRT vs. BKLN - Dividend Comparison
FLRT's dividend yield for the trailing twelve months is around 6.72%, more than BKLN's 6.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 6.53% | 6.95% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% |
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 BKLN have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKLN has higher volatility (0.34%) compared to FLRT (0.29%). In terms of maximum drawdown, FLRT dropped -20.96% vs BKLN's -24.17%.
On 10-year performance, FLRT leads with 4.83% vs 4.23% for BKLN. On fees, FLRT is cheaper at 0.60% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FLRT has performed better with a 4.83% return vs 4.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLRT is cheaper with a 0.60% expense ratio, compared with 0.65% for BKLN.
FLRT has the higher dividend yield at 6.72%, compared with 6.53% for BKLN.
They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.60% for FLRT and 0.65% for BKLN.
FLRT currently has the higher Sharpe Ratio (3.45 vs 1.41), 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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