FLRT vs. FLTB
Compare and contrast key facts about Pacific Global Senior Loan ETF (FLRT) and Fidelity Limited Term Bond ETF (FLTB).
FLRT and FLTB 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. FLTB is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLRT or FLTB.
Correlation
The correlation between FLRT and FLTB is 0.06, 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. FLTB - Performance Comparison
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Key characteristics
FLRT:
2.27
FLTB:
2.84
FLRT:
2.91
FLTB:
4.63
FLRT:
1.83
FLTB:
1.58
FLRT:
2.30
FLTB:
5.04
FLRT:
12.43
FLTB:
15.80
FLRT:
0.53%
FLTB:
0.44%
FLRT:
2.89%
FLTB:
2.34%
FLRT:
-20.96%
FLTB:
-9.37%
FLRT:
0.00%
FLTB:
-0.23%
Returns By Period
In the year-to-date period, FLRT achieves a 1.59% return, which is significantly lower than FLTB's 2.47% return. Over the past 10 years, FLRT has outperformed FLTB with an annualized return of 5.53%, while FLTB has yielded a comparatively lower 2.21% annualized return.
FLRT
1.59%
2.38%
2.58%
6.51%
6.98%
5.53%
FLTB
2.47%
0.91%
2.96%
6.58%
1.93%
2.21%
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FLRT vs. FLTB - Expense Ratio Comparison
FLRT has a 0.69% expense ratio, which is higher than FLTB's 0.36% expense ratio.
Risk-Adjusted Performance
FLRT vs. FLTB — Risk-Adjusted Performance Rank
FLRT
FLTB
FLRT vs. FLTB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Global Senior Loan ETF (FLRT) and Fidelity Limited Term Bond ETF (FLTB). 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.
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Dividends
FLRT vs. FLTB - Dividend Comparison
FLRT's dividend yield for the trailing twelve months is around 7.48%, more than FLTB's 4.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacific Global Senior Loan ETF | 7.48% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% | 0.00% |
FLTB Fidelity Limited Term Bond ETF | 4.23% | 4.11% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% | 0.35% |
Drawdowns
FLRT vs. FLTB - Drawdown Comparison
The maximum FLRT drawdown since its inception was -20.96%, which is greater than FLTB's maximum drawdown of -9.37%. Use the drawdown chart below to compare losses from any high point for FLRT and FLTB. For additional features, visit the drawdowns tool.
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Volatility
FLRT vs. FLTB - Volatility Comparison
Pacific Global Senior Loan ETF (FLRT) and Fidelity Limited Term Bond ETF (FLTB) have volatilities of 0.66% and 0.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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