FLXR vs. ABI

Last updated Jul 14, 2026

FLXR (TCW Flexible Income ETF) and ABI (VictoryShares Pioneer Asset-Based Income ETF) are both Multisector Bonds funds. Over the past year, FLXR returned 4.96% vs 5.25% for ABI. A 0.55 correlation means they provide meaningful diversification when combined. FLXR charges 0.40%/yr vs 0.65%/yr for ABI.

Performance

FLXR vs. ABI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Flexible Income ETF (FLXR) and VictoryShares Pioneer Asset-Based Income ETF (ABI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLXR achieves a 1.29% return, which is significantly lower than ABI's 3.08% return.

FLXR

• 1D: -0.22%
• 1M: -0.05%
• 6M: 1.01%
• YTD: 1.29%
• 1Y: 4.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ABI

• 1D: -0.04%
• 1M: 0.32%
• 6M: 2.61%
• YTD: 3.08%
• 1Y: 5.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLXR vs. ABI - Yearly Performance Comparison

	2026 (YTD)	2025
FLXR TCW Flexible Income ETF	1.29%	3.73%
ABI VictoryShares Pioneer Asset-Based Income ETF	3.08%	2.05%

Correlation

The correlation between FLXR and ABI is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.55

The correlation between FLXR and ABI has been stable across timeframes, ranging from 0.55 to 0.55 - a consistent structural relationship.

Return for Risk

FLXR vs. ABI — Risk / Return Rank

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

FLXR

FLXR Risk / Return Rank: 85
FLXR Sharpe Ratio Rank: 84
FLXR Sortino Ratio Rank: 87
FLXR Omega Ratio Rank: 85
FLXR Calmar Ratio Rank: 81
FLXR Martin Ratio Rank: 87

ABI

ABI Risk / Return Rank: 96
ABI Sharpe Ratio Rank: 98
ABI Sortino Ratio Rank: 98
ABI Omega Ratio Rank: 98
ABI Calmar Ratio Rank: 94
ABI Martin Ratio Rank: 91

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.

FLXR vs. ABI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Flexible Income ETF (FLXR) and VictoryShares Pioneer Asset-Based Income ETF (ABI). 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.

	FLXR	ABI	Difference
Sharpe ratio: Return per unit of total volatility	2.14	4.13	-1.99
Sortino ratio: Return per unit of downside risk	3.13	6.28	-3.15
Omega ratio: Gain probability vs. loss probability	1.40	2.01	-0.60
Calmar ratio: Return relative to maximum drawdown	3.40	5.55	-2.14
Martin ratio: Return relative to average drawdown	14.38	16.81	-2.43

FLXR vs. ABI - Sharpe Ratio Comparison

The current FLXR Sharpe Ratio is 2.14, which is lower than the ABI Sharpe Ratio of 4.13. The chart below compares the historical Sharpe Ratios of FLXR and ABI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLXR vs. ABI - Drawdown Comparison

The maximum FLXR drawdown since its inception was -1.94%, which is greater than ABI's maximum drawdown of -0.95%. Use the drawdown chart below to compare losses from any high point for FLXR and ABI.

Drawdown Indicators

	FLXR	ABI	Difference
Max Drawdown Largest peak-to-trough decline	-1.94%	-0.95%	-0.99%
Max Drawdown (1Y) Largest decline over 1 year	-1.46%	-0.95%	-0.51%
Current Drawdown Current decline from peak	-0.47%	-0.05%	-0.42%
Average Drawdown Average peak-to-trough decline	-0.35%	-0.17%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.35%	0.31%	+0.04%

Volatility

FLXR vs. ABI - Volatility Comparison

TCW Flexible Income ETF (FLXR) has a higher volatility of 0.84% compared to VictoryShares Pioneer Asset-Based Income ETF (ABI) at 0.35%. This indicates that FLXR's price experiences larger fluctuations and is considered to be riskier than ABI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLXR	ABI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	0.35%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	1.80%	0.81%	+0.99%
Volatility (1Y) Calculated over the trailing 1-year period	2.33%	1.28%	+1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.80%	1.26%	+1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.80%	1.26%	+1.54%

FLXR vs. ABI - Expense Ratio Comparison

FLXR has a 0.40% expense ratio, which is lower than ABI's 0.65% expense ratio.

Dividends

FLXR vs. ABI - Dividend Comparison

FLXR's dividend yield for the trailing twelve months is around 5.91%, less than ABI's 6.21% yield.

Position	TTM	2025	2024
ABI VictoryShares Pioneer Asset-Based Income ETF	6.21%	3.01%	0.00%
FLXR TCW Flexible Income ETF	5.91%	5.66%	3.44%

Frequently Asked Questions

Can I hold both FLXR and ABI in my portfolio?

FLXR and ABI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLXR or ABI?

FLXR has higher volatility (0.84%) compared to ABI (0.35%). In terms of maximum drawdown, FLXR dropped -1.94% vs ABI's -0.95%.

Which ETF is better, FLXR or ABI?

On 1-year performance, ABI leads with 5.25% vs 4.96% for FLXR. On fees, FLXR is cheaper at 0.40% per year. On volatility, ABI has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLXR or ABI?

Over the 1-year period, ABI has performed better with a 5.25% return vs 4.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLXR or ABI?

FLXR is cheaper with a 0.40% expense ratio, compared with 0.65% for ABI.

Which ETF pays a higher dividend yield, FLXR or ABI?

ABI has the higher dividend yield at 6.21%, compared with 5.91% for FLXR.

What is the main difference between FLXR and ABI?

They also come from different issuers: TCW and VictoryShares. Their fees differ too: 0.40% for FLXR and 0.65% for ABI.

Which has better risk-adjusted returns?

ABI currently has the higher Sharpe Ratio (4.13 vs 2.14), 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.