FLRT vs. SGOV
FLRT (Pacific Global Senior Loan ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - FLRT is a High Yield Bonds fund actively managed by Pacific Life, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. FLRT is actively managed, while SGOV is passively managed. Over the past 5 years, FLRT returned 5.93%/yr vs 3.55%/yr for SGOV. At a 0.09 correlation, their price movements are largely independent. FLRT charges 0.69%/yr vs 0.09%/yr for SGOV.
Performance
FLRT vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, FLRT achieves a 1.66% return, which is significantly higher than SGOV's 1.56% return.
FLRT
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.66%
- 6M
- 2.14%
- 1Y
- 5.76%
- 3Y*
- 8.70%
- 5Y*
- 5.93%
- 10Y*
- 4.84%
SGOV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.56%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.70%
- 5Y*
- 3.55%
- 10Y*
- —
FLRT vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLRT Pacific Global Senior Loan ETF | 1.66% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 7.15% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.56% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Correlation
The correlation between FLRT and SGOV is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | 0.09 |
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Return for Risk
FLRT vs. SGOV — Risk / Return Rank
FLRT
SGOV
FLRT vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Global Senior Loan ETF (FLRT) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
| FLRT | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -16.63 | ||
| Sortino ratioReturn per unit of downside risk | -270.07 | ||
| Omega ratioGain probability vs. loss probability | 1.87 | 195.55 | -193.68 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 398.20 | -394.94 |
| Martin ratioReturn relative to average drawdown | 11.94 | 4,461.99 | -4,450.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLRT | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.65 | 20.28 | -16.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.59 | 14.78 | -12.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 12.50 | -11.75 |
Drawdowns
FLRT vs. SGOV - Drawdown Comparison
The maximum FLRT drawdown since its inception was -20.96%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for FLRT and SGOV.
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Drawdown Indicators
| FLRT | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.96% | -0.03% | -20.93% |
Max Drawdown (1Y)Largest decline over 1 year | -1.78% | -0.01% | -1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -2.87% | -0.01% | -2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -7.60% | -0.03% | -7.57% |
Max Drawdown (10Y)Largest decline over 10 years | -20.96% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | 0.00% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -0.00% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.00% | +0.48% |
Volatility
FLRT vs. SGOV - Volatility Comparison
Pacific Global Senior Loan ETF (FLRT) has a higher volatility of 0.44% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that FLRT's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRT | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 0.06% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 0.13% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 0.20% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.30% | 0.24% | +2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.15% | 0.24% | +5.91% |
FLRT vs. SGOV - Expense Ratio Comparison
FLRT has a 0.69% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
FLRT vs. SGOV - Dividend Comparison
FLRT's dividend yield for the trailing twelve months is around 6.82%, more than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacific Global Senior Loan ETF | 6.82% | 6.93% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLRT and SGOV have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLRT has higher volatility (0.44%) compared to SGOV (0.06%). In terms of maximum drawdown, FLRT dropped -20.96% vs SGOV's -0.03%.
On 5-year performance, FLRT leads with 5.93% vs 3.55% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLRT has performed better with a 5.93% return vs 3.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.69% for FLRT.
FLRT has the higher dividend yield at 6.82%, compared with 3.85% for SGOV.
FLRT is categorized as High Yield Bonds, while SGOV is Ultrashort Bond. They also come from different issuers: Pacific Life and iShares. Their fees differ too: 0.69% for FLRT and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs 3.65), 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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