FLRT vs. FTSD
FLRT (Pacer Aristotle Pacific Floating Rate High Income ETF) and FTSD (Franklin Short Duration U.S. Government ETF) are both exchange-traded funds - FLRT is a Bank Loan fund actively managed by Pacer, while FTSD is a Mortgage Backed Securities fund actively managed by Franklin Templeton. Both are actively managed. Over the past 10 years, FLRT returned 4.77%/yr vs 2.09%/yr for FTSD. Their 0.08 correlation means their historical movements had little consistent relationship. FLRT charges 0.60%/yr vs 0.25%/yr for FTSD.
Performance
FLRT vs. FTSD - Performance Comparison
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Returns By Period
In the year-to-date period, FLRT achieves a 2.44% return, which is significantly higher than FTSD's 1.13% return. Over the past 10 years, FLRT has outperformed FTSD with an annualized return of 4.77%, while FTSD has yielded a comparatively lower 2.09% annualized return.
FLRT
- 1D
- 0.04%
- 1M
- 0.42%
- 6M
- 1.88%
- YTD
- 2.44%
- 1Y
- 5.13%
- 3Y*
- 7.90%
- 5Y*
- 6.08%
- 10Y*
- 4.77%
- ALL TIME*
- 4.48%
FTSD
- 1D
- -0.11%
- 1M
- -0.06%
- 6M
- 0.83%
- YTD
- 1.13%
- 1Y
- 3.63%
- 3Y*
- 4.89%
- 5Y*
- 2.56%
- 10Y*
- 2.09%
- ALL TIME*
- 1.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.79M | $4.57M | $4.68M | |
| $2.27M | $2.78M | $2.14M |
FLRT vs. FTSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 2.44% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 2.78% | 9.44% | -1.14% | 1.72% |
FTSD Franklin Short Duration U.S. Government ETF | 1.13% | 5.66% | 5.20% | 4.84% | -3.13% | -0.90% | 3.13% | 2.40% | 1.64% | 0.63% |
Correlation
The correlation between FLRT and FTSD is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.08 |
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Return for Risk
FLRT vs. FTSD — Risk / Return Rank
FLRT
FTSD
FLRT vs. FTSD - 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 Franklin Short Duration U.S. Government ETF (FTSD). 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 | FTSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.53 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 8.09 | -5.19 |
| Martin ratioReturn relative to average drawdown | 10.63 | 30.32 | -19.68 |
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Drawdowns
FLRT vs. FTSD - Drawdown Comparison
The maximum FLRT drawdown since its inception was -20.96%, which is greater than FTSD's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for FLRT and FTSD.
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Drawdown Indicators
| FLRT | FTSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.96% | -5.32% | -15.64% |
Max Drawdown (1Y)Largest decline over 1 year | -1.78% | -0.45% | -1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -2.87% | -0.93% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -7.60% | -4.95% | -2.65% |
Max Drawdown (10Y)Largest decline over 10 years | -20.96% | -5.32% | -15.64% |
Current DrawdownCurrent decline from peak | 0.00% | -0.11% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -0.60% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.12% | +0.36% |
Volatility
FLRT vs. FTSD - Volatility Comparison
The current volatility for Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) is 0.29%, while Franklin Short Duration U.S. Government ETF (FTSD) has a volatility of 0.32%. This indicates that FLRT experiences smaller price fluctuations and is considered to be less risky than FTSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRT | FTSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 0.32% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 1.09% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 1.37% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.30% | 1.87% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.09% | 1.76% | +4.33% |
FLRT vs. FTSD - Expense Ratio Comparison
FLRT has a 0.60% expense ratio, which is higher than FTSD's 0.25% expense ratio.
Dividends
FLRT vs. FTSD - Dividend Comparison
FLRT's dividend yield for the trailing twelve months is around 6.71%, more than FTSD's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 6.71% | 6.93% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
FTSD Franklin Short Duration U.S. Government ETF | 4.45% | 4.67% | 4.75% | 4.14% | 1.73% | 1.01% | 1.54% | 2.90% | 2.63% | 2.24% | 1.92% | 1.52% |
Frequently Asked Questions
FLRT and FTSD have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTSD has higher volatility (0.32%) compared to FLRT (0.29%). In terms of maximum drawdown, FLRT dropped -20.96% vs FTSD's -5.32%.
On 10-year performance, FLRT leads with 4.77% vs 2.09% for FTSD. On fees, FTSD is cheaper at 0.25% 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 4.77% return vs 2.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTSD is cheaper with a 0.25% expense ratio, compared with 0.60% for FLRT.
FLRT has the higher dividend yield at 6.71%, compared with 4.45% for FTSD.
FLRT is categorized as Bank Loan, while FTSD is Mortgage Backed Securities. They also come from different issuers: Pacer and Franklin Templeton. Their fees differ too: 0.60% for FLRT and 0.25% for FTSD.
FLRT currently has the higher Sharpe Ratio (3.46 vs 2.68), 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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