FLRT vs. IBHG
FLRT (Pacific Global Senior Loan ETF) and IBHG (iShares iBonds 2027 Term High Yield and Income ETF) are both High Yield Bonds funds. FLRT is actively managed, while IBHG is passively managed. Over the past 3 years, FLRT returned 8.54%/yr vs 7.62%/yr for IBHG. At a 0.31 correlation, their price movements are largely independent. FLRT charges 0.69%/yr vs 0.35%/yr for IBHG.
Performance
FLRT vs. IBHG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLRT achieves a 1.81% return, which is significantly higher than IBHG's 1.15% 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%
IBHG
- 1D
- -0.02%
- 1M
- 0.00%
- YTD
- 1.15%
- 6M
- 1.42%
- 1Y
- 4.38%
- 3Y*
- 7.62%
- 5Y*
- —
- 10Y*
- —
FLRT vs. IBHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FLRT Pacific Global Senior Loan ETF | 1.81% | 6.24% | 9.18% | 14.59% | -2.72% | 1.25% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 1.15% | 6.90% | 7.42% | 11.27% | -8.88% | 0.93% |
Correlation
The correlation between FLRT and IBHG is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2021 | 0.31 |
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. IBHG — Risk / Return Rank
FLRT
IBHG
FLRT vs. IBHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Global Senior Loan ETF (FLRT) and iShares iBonds 2027 Term High Yield and Income ETF (IBHG). 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 | IBHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.82 | 1.40 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 6.06 | -2.93 |
| Martin ratioReturn relative to average drawdown | 11.44 | 22.04 | -10.60 |
Loading charts...
Drawdowns
FLRT vs. IBHG - Drawdown Comparison
The maximum FLRT drawdown since its inception was -20.96%, which is greater than IBHG's maximum drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for FLRT and IBHG.
Loading charts...
Drawdown Indicators
| FLRT | IBHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.96% | -13.85% | -7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -1.78% | -0.73% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -2.87% | -3.39% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -7.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.96% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -0.04% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -2.64% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.20% | +0.29% |
Volatility
FLRT vs. IBHG - Volatility Comparison
Pacific Global Senior Loan ETF (FLRT) and iShares iBonds 2027 Term High Yield and Income ETF (IBHG) have volatilities of 0.42% and 0.40%, 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.
Loading charts...
Volatility by Period
| FLRT | IBHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 0.40% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.23% | 1.51% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 2.09% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.30% | 6.33% | -4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.12% | 6.33% | -0.21% |
FLRT vs. IBHG - Expense Ratio Comparison
FLRT has a 0.69% expense ratio, which is higher than IBHG's 0.35% expense ratio.
Dividends
FLRT vs. IBHG - Dividend Comparison
FLRT's dividend yield for the trailing twelve months is around 6.81%, more than IBHG's 6.07% 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% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.07% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLRT and IBHG have a correlation of 0.37, 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 IBHG (0.40%). In terms of maximum drawdown, FLRT dropped -20.96% vs IBHG's -13.85%.
On 3-year performance, FLRT leads with 8.54% vs 7.62% for IBHG. On fees, IBHG is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FLRT has performed better with a 8.54% return vs 7.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBHG is cheaper with a 0.35% expense ratio, compared with 0.69% for FLRT.
FLRT has the higher dividend yield at 6.81%, compared with 6.07% for IBHG.
They also come from different issuers: Pacific Life and iShares. Their fees differ too: 0.69% for FLRT and 0.35% for IBHG.
FLRT currently has the higher Sharpe Ratio (3.49 vs 2.11), 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 IBHG
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