FLRT vs. DFLYX
FLRT (Pacific Global Senior Loan ETF) and DFLYX (BNY Mellon Floating Rate Income Fund) are both funds - FLRT is a High Yield Bonds fund actively managed by Pacific Life, while DFLYX is a Bank Loan fund managed by Dreyfus. Over the past 10 years, FLRT returned 4.90%/yr vs 5.00%/yr for DFLYX. At a 0.34 correlation, their price movements are largely independent. FLRT charges 0.69%/yr vs 0.73%/yr for DFLYX.
Performance
FLRT vs. DFLYX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with FLRT having a 1.81% return and DFLYX slightly higher at 1.90%. Both investments have delivered pretty close results over the past 10 years, with FLRT having a 4.90% annualized return and DFLYX not far ahead at 5.00%.
FLRT
- 1D
- -0.06%
- 1M
- 0.17%
- YTD
- 1.81%
- 6M
- 1.89%
- 1Y
- 5.54%
- 3Y*
- 8.54%
- 5Y*
- 5.95%
- 10Y*
- 4.90%
DFLYX
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 1.90%
- 6M
- 2.09%
- 1Y
- 4.77%
- 3Y*
- 8.05%
- 5Y*
- 5.93%
- 10Y*
- 5.00%
FLRT vs. DFLYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacific Global Senior Loan ETF | 1.81% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 2.78% | 9.44% | -1.14% | 1.72% |
DFLYX BNY Mellon Floating Rate Income Fund | 1.90% | 4.84% | 9.77% | 13.29% | -1.15% | 4.84% | 2.66% | 7.15% | -0.58% | 3.48% |
Correlation
The correlation between FLRT and DFLYX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.34 |
The correlation between FLRT and DFLYX shifts across timeframes, from 0.34 (all time) to 0.45 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLRT vs. DFLYX — Risk / Return Rank
FLRT
DFLYX
FLRT vs. DFLYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Global Senior Loan ETF (FLRT) and BNY Mellon Floating Rate Income Fund (DFLYX). 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 | DFLYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.82 | 1.92 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 2.80 | +0.34 |
| Martin ratioReturn relative to average drawdown | 11.44 | 10.51 | +0.93 |
Loading charts...
Drawdowns
FLRT vs. DFLYX - Drawdown Comparison
The maximum FLRT drawdown since its inception was -20.96%, which is greater than DFLYX's maximum drawdown of -18.83%. Use the drawdown chart below to compare losses from any high point for FLRT and DFLYX.
Loading charts...
Drawdown Indicators
| FLRT | DFLYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.96% | -18.83% | -2.13% |
Max Drawdown (1Y)Largest decline over 1 year | -1.78% | -1.71% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -2.87% | -2.49% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -7.60% | -6.28% | -1.32% |
Max Drawdown (10Y)Largest decline over 10 years | -20.96% | -18.83% | -2.13% |
Current DrawdownCurrent decline from peak | -0.17% | 0.00% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -0.79% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.45% | +0.04% |
Volatility
FLRT vs. DFLYX - Volatility Comparison
Pacific Global Senior Loan ETF (FLRT) has a higher volatility of 0.42% compared to BNY Mellon Floating Rate Income Fund (DFLYX) at 0.32%. This indicates that FLRT's price experiences larger fluctuations and is considered to be riskier than DFLYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLRT | DFLYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 0.32% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.23% | 1.12% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 1.36% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.30% | 1.93% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.12% | 3.05% | +3.07% |
FLRT vs. DFLYX - Expense Ratio Comparison
FLRT has a 0.69% expense ratio, which is lower than DFLYX's 0.73% expense ratio.
Dividends
FLRT vs. DFLYX - Dividend Comparison
FLRT's dividend yield for the trailing twelve months is around 6.81%, less than DFLYX's 7.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFLYX BNY Mellon Floating Rate Income Fund | 7.81% | 7.50% | 8.78% | 8.78% | 5.49% | 4.22% | 4.66% | 5.54% | 5.19% | 3.77% | 4.14% | 4.65% |
FLRT Pacific Global Senior Loan ETF | 6.81% | 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 DFLYX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLRT has higher volatility (0.42%) compared to DFLYX (0.32%). In terms of maximum drawdown, FLRT dropped -20.96% vs DFLYX's -18.83%.
DFLYX currently has the higher Sharpe Ratio (3.53 vs 3.49), 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.
Find the right allocation for FLRT and DFLYX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer