FLRT vs. PFIX
Compare and contrast key facts about Pacific Global Senior Loan ETF (FLRT) and Simplify Interest Rate Hedge ETF (PFIX).
FLRT and PFIX 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. PFIX is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 10, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLRT or PFIX.
Key characteristics
| FLRT | PFIX | |
|---|---|---|
| YTD Return | 3.76% | 32.43% |
| 1Y Return | 13.63% | 45.76% |
| Sharpe Ratio | 9.86 | 1.15 |
| Daily Std Dev | 1.38% | 39.87% |
| Max Drawdown | -20.96% | -39.17% |
| Current Drawdown | 0.00% | -16.84% |
Correlation
The correlation between FLRT and PFIX is -0.17. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FLRT vs. PFIX - Performance Comparison
In the year-to-date period, FLRT achieves a 3.76% return, which is significantly lower than PFIX's 32.43% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLRT vs. PFIX - Expense Ratio Comparison
FLRT has a 0.69% expense ratio, which is higher than PFIX's 0.50% expense ratio.
Risk-Adjusted Performance
FLRT vs. PFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Global Senior Loan ETF (FLRT) and Simplify Interest Rate Hedge ETF (PFIX). 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.
Dividends
FLRT vs. PFIX - Dividend Comparison
FLRT's dividend yield for the trailing twelve months is around 8.44%, less than PFIX's 62.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacific Global Senior Loan ETF | 8.44% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
PFIX Simplify Interest Rate Hedge ETF | 62.01% | 80.99% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLRT vs. PFIX - Drawdown Comparison
The maximum FLRT drawdown since its inception was -20.96%, smaller than the maximum PFIX drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for FLRT and PFIX. For additional features, visit the drawdowns tool.
Volatility
FLRT vs. PFIX - Volatility Comparison
The current volatility for Pacific Global Senior Loan ETF (FLRT) is 0.43%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 13.58%. This indicates that FLRT experiences smaller price fluctuations and is considered to be less risky than PFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.