FLRT vs. HYHG
FLRT (Pacific Global Senior Loan ETF) and HYHG (ProShares High Yield-Interest Rate Hedged) are both High Yield Bonds funds. FLRT is actively managed, while HYHG is passively managed. Over the past 10 years, FLRT returned 4.90%/yr vs 6.38%/yr for HYHG. At a 0.14 correlation, their price movements are largely independent. FLRT charges 0.69%/yr vs 0.50%/yr for HYHG.
Performance
FLRT vs. HYHG - Performance Comparison
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Returns By Period
In the year-to-date period, FLRT achieves a 1.81% return, which is significantly lower than HYHG's 3.86% return. Over the past 10 years, FLRT has underperformed HYHG with an annualized return of 4.90%, while HYHG has yielded a comparatively higher 6.38% annualized return.
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%
HYHG
- 1D
- 0.07%
- 1M
- 0.71%
- YTD
- 3.86%
- 6M
- 4.29%
- 1Y
- 8.04%
- 3Y*
- 9.96%
- 5Y*
- 7.04%
- 10Y*
- 6.38%
FLRT vs. HYHG - 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% |
HYHG ProShares High Yield-Interest Rate Hedged | 3.86% | 5.31% | 11.41% | 14.69% | -1.71% | 5.75% | 0.16% | 12.02% | -1.95% | 3.76% |
Correlation
The correlation between FLRT and HYHG is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.14 |
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Return for Risk
FLRT vs. HYHG — Risk / Return Rank
FLRT
HYHG
FLRT vs. HYHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Global Senior Loan ETF (FLRT) and ProShares High Yield-Interest Rate Hedged (HYHG). 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 | HYHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.04 | ||
| Sortino ratioReturn per unit of downside risk | +3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.82 | 1.26 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 4.00 | -0.87 |
| Martin ratioReturn relative to average drawdown | 11.44 | 13.36 | -1.92 |
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Drawdowns
FLRT vs. HYHG - Drawdown Comparison
The maximum FLRT drawdown since its inception was -20.96%, smaller than the maximum HYHG drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for FLRT and HYHG.
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Drawdown Indicators
| FLRT | HYHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.96% | -25.71% | +4.75% |
Max Drawdown (1Y)Largest decline over 1 year | -1.78% | -2.02% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -2.87% | -7.47% | +4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -7.60% | -9.21% | +1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -20.96% | -25.71% | +4.75% |
Current DrawdownCurrent decline from peak | -0.17% | 0.00% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -3.03% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.60% | -0.11% |
Volatility
FLRT vs. HYHG - Volatility Comparison
The current volatility for Pacific Global Senior Loan ETF (FLRT) is 0.42%, while ProShares High Yield-Interest Rate Hedged (HYHG) has a volatility of 1.31%. This indicates that FLRT experiences smaller price fluctuations and is considered to be less risky than HYHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRT | HYHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 1.31% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 1.23% | 4.36% | -3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 5.57% | -3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.30% | 8.17% | -5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.12% | 9.10% | -2.98% |
FLRT vs. HYHG - Expense Ratio Comparison
FLRT has a 0.69% expense ratio, which is higher than HYHG's 0.50% expense ratio.
Dividends
FLRT vs. HYHG - Dividend Comparison
FLRT's dividend yield for the trailing twelve months is around 6.81%, more than HYHG's 6.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HYHG ProShares High Yield-Interest Rate Hedged | 6.73% | 6.97% | 6.57% | 6.07% | 5.58% | 4.54% | 5.21% | 6.06% | 6.45% | 5.57% | 5.37% | 6.37% |
Frequently Asked Questions
FLRT and HYHG have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYHG has higher volatility (1.31%) compared to FLRT (0.42%). In terms of maximum drawdown, FLRT dropped -20.96% vs HYHG's -25.71%.
On 10-year performance, HYHG leads with 6.38% vs 4.90% for FLRT. On fees, HYHG is cheaper at 0.50% per year. On volatility, FLRT has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, HYHG has performed better with a 6.38% return vs 4.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYHG is cheaper with a 0.50% expense ratio, compared with 0.69% for FLRT.
FLRT has the higher dividend yield at 6.81%, compared with 6.73% for HYHG.
They also come from different issuers: Pacific Life and ProShares. Their fees differ too: 0.69% for FLRT and 0.50% for HYHG.
FLRT currently has the higher Sharpe Ratio (3.49 vs 1.45), 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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