FMF vs. FLRT
Compare and contrast key facts about First Trust Managed Futures Strategy Fund (FMF) and Pacific Global Senior Loan ETF (FLRT).
FMF and FLRT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMF is an actively managed fund by First Trust. It was launched on Aug 1, 2013. FLRT is an actively managed fund by Pacific Life. It was launched on Feb 19, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMF or FLRT.
Key characteristics
| FMF | FLRT | |
|---|---|---|
| YTD Return | 6.14% | 3.76% |
| 1Y Return | 4.69% | 13.63% |
| 3Y Return (Ann) | 2.54% | 5.72% |
| 5Y Return (Ann) | 3.28% | 4.81% |
| Sharpe Ratio | 0.69 | 9.86 |
| Daily Std Dev | 8.08% | 1.38% |
| Max Drawdown | -20.32% | -20.96% |
| Current Drawdown | -6.53% | 0.00% |
Correlation
The correlation between FMF and FLRT is 0.03, 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
FMF vs. FLRT - Performance Comparison
In the year-to-date period, FMF achieves a 6.14% return, which is significantly higher than FLRT's 3.76% 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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FMF vs. FLRT - Expense Ratio Comparison
FMF has a 0.95% expense ratio, which is higher than FLRT's 0.69% expense ratio.
Risk-Adjusted Performance
FMF vs. FLRT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Managed Futures Strategy Fund (FMF) and Pacific Global Senior Loan ETF (FLRT). 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
FMF vs. FLRT - Dividend Comparison
FMF's dividend yield for the trailing twelve months is around 3.07%, less than FLRT's 8.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMF First Trust Managed Futures Strategy Fund | 3.07% | 3.09% | 0.41% | 3.29% | 0.02% | 1.05% | 1.56% | 0.82% | 0.00% | 0.00% | 2.43% | 2.38% |
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% | 0.00% | 0.00% |
Drawdowns
FMF vs. FLRT - Drawdown Comparison
The maximum FMF drawdown since its inception was -20.32%, roughly equal to the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for FMF and FLRT. For additional features, visit the drawdowns tool.
Volatility
FMF vs. FLRT - Volatility Comparison
First Trust Managed Futures Strategy Fund (FMF) has a higher volatility of 1.84% compared to Pacific Global Senior Loan ETF (FLRT) at 0.43%. This indicates that FMF's price experiences larger fluctuations and is considered to be riskier than FLRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.