FLRT vs. SNLN
Compare and contrast key facts about Pacific Global Senior Loan ETF (FLRT) and Highland iBoxx Senior Loan ETF (SNLN).
FLRT and SNLN 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. SNLN is a passively managed fund by Highland Capital Management that tracks the performance of the Markit iBoxx USD Liquid Leveraged Loan Index. It was launched on Nov 8, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLRT or SNLN.
Key characteristics
| FLRT | SNLN |
|---|
Correlation
The correlation between FLRT and SNLN is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FLRT vs. SNLN - Performance Comparison
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. SNLN - Expense Ratio Comparison
FLRT has a 0.69% expense ratio, which is lower than SNLN's 0.75% expense ratio.
Risk-Adjusted Performance
FLRT vs. SNLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Global Senior Loan ETF (FLRT) and Highland iBoxx Senior Loan ETF (SNLN). 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. SNLN - Dividend Comparison
FLRT's dividend yield for the trailing twelve months is around 8.46%, while SNLN has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacific Global Senior Loan ETF | 8.46% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% | 0.00% | 0.00% |
SNLN Highland iBoxx Senior Loan ETF | 3.60% | 6.82% | 4.88% | 2.83% | 3.21% | 4.72% | 5.03% | 4.75% | 4.36% | 4.36% | 4.41% | 5.30% |
Drawdowns
FLRT vs. SNLN - Drawdown Comparison
Volatility
FLRT vs. SNLN - Volatility Comparison
Pacific Global Senior Loan ETF (FLRT) has a higher volatility of 0.40% compared to Highland iBoxx Senior Loan ETF (SNLN) at 0.00%. This indicates that FLRT's price experiences larger fluctuations and is considered to be riskier than SNLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.