FLRT vs. MHY

Last updated Jun 24, 2026

FLRT (Pacific Global Senior Loan ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. Both charge a 0.69% expense ratio.

Performance

FLRT vs. MHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacific Global Senior Loan ETF (FLRT) and Man Active High Yield ETF (MHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLRT achieves a 1.81% return, which is significantly lower than MHY's 4.13% 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%

MHY

• 1D: 0.27%
• 1M: 1.76%
• YTD: 4.13%
• 6M: 4.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLRT vs. MHY - Yearly Performance Comparison

	2026 (YTD)	2025
FLRT Pacific Global Senior Loan ETF	1.81%	1.75%
MHY Man Active High Yield ETF	4.13%	1.54%

Correlation

The correlation between FLRT and MHY is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.34

Return for Risk

FLRT vs. MHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLRT

FLRT Risk / Return Rank: 84
FLRT Sharpe Ratio Rank: 95
FLRT Sortino Ratio Rank: 96
FLRT Omega Ratio Rank: 97
FLRT Calmar Ratio Rank: 66
FLRT Martin Ratio Rank: 66

MHY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLRT vs. MHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacific Global Senior Loan ETF (FLRT) and Man Active High Yield ETF (MHY). 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	MHY	Difference
Sharpe ratio: Return per unit of total volatility	3.49	—	—
Sortino ratio: Return per unit of downside risk	5.39	—	—
Omega ratio: Gain probability vs. loss probability	1.82	—	—
Calmar ratio: Return relative to maximum drawdown	3.13	—	—
Martin ratio: Return relative to average drawdown	11.44	—	—

Drawdowns

FLRT vs. MHY - Drawdown Comparison

The maximum FLRT drawdown since its inception was -20.96%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for FLRT and MHY.

Drawdown Indicators

	FLRT	MHY	Difference
Max Drawdown Largest peak-to-trough decline	-20.96%	-1.58%	-19.38%
Max Drawdown (1Y) Largest decline over 1 year	-1.78%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-2.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-7.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-20.96%	—	—
Current Drawdown Current decline from peak	-0.17%	0.00%	-0.17%
Average Drawdown Average peak-to-trough decline	-1.41%	-0.29%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.49%	—	—

Volatility

Volatility by Period

	FLRT	MHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.59%	3.00%	-1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.30%	3.00%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.12%	3.00%	+3.12%

FLRT vs. MHY - Expense Ratio Comparison

Both FLRT and MHY have an expense ratio of 0.69%.

Dividends

FLRT vs. MHY - Dividend Comparison

FLRT's dividend yield for the trailing twelve months is around 6.81%, more than MHY's 3.55% 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%
MHY Man Active High Yield ETF	3.55%	3.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLRT and MHY in my portfolio?

FLRT and MHY have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLRT or MHY?

Both ETFs have the same 0.69% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLRT or MHY?

FLRT and MHY have the same expense ratio: 0.69% per year.

Which ETF pays a higher dividend yield, FLRT or MHY?

FLRT has the higher dividend yield at 6.81%, compared with 3.55% for MHY.

What is the main difference between FLRT and MHY?

They also come from different issuers: Pacific Life and Man Group.