FOWF vs. FLRT

Last updated Aug 4, 2026

FOWF (Pacer Solactive Whitney Future of Warfare ETF) and FLRT (Pacer Aristotle Pacific Floating Rate High Income ETF) are both exchange-traded funds - FOWF is a Industrials Equities fund tracking the Solactive Whitney Future of Warfare Index, while FLRT is a Bank Loan fund actively managed by Pacer. FOWF is passively managed, while FLRT is actively managed. Over the past year, FOWF returned 23.56% vs 5.13% for FLRT. Their 0.31 correlation means their historical movements had little consistent relationship. FOWF charges 0.49%/yr vs 0.60%/yr for FLRT.

Performance

FOWF vs. FLRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Solactive Whitney Future of Warfare ETF (FOWF) and Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOWF achieves a 16.05% return, which is significantly higher than FLRT's 2.44% return.

FOWF

• 1D: 2.04%
• 1M: 4.76%
• 6M: 7.86%
• YTD: 16.05%
• 1Y: 23.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.70%

FLRT

• 1D: 0.04%
• 1M: 0.42%
• 6M: 1.88%
• YTD: 2.44%
• 1Y: 5.13%
• 3Y*: 7.90%
• 5Y*: 6.08%
• 10Y*: 4.77%
• ALL TIME*: 4.48%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF	$4.79M	$4.57M	$4.68M
FOWF Pacer Solactive Whitney Future of Warfare ETF	$21.21K	$63.68K	$90.22K

FOWF vs. FLRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FOWF Pacer Solactive Whitney Future of Warfare ETF	16.05%	29.15%	-2.02%
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF	2.44%	6.24%	0.17%

Correlation

The correlation between FOWF and FLRT is 0.31, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.31
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	0.31

Return for Risk

FOWF vs. FLRT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FOWF

FOWF Risk / Return Rank: 60
FOWF Sharpe Ratio Rank: 63
FOWF Sortino Ratio Rank: 66
FOWF Omega Ratio Rank: 57
FOWF Calmar Ratio Rank: 61
FOWF Martin Ratio Rank: 55

FLRT

FLRT Risk / Return Rank: 90
FLRT Sharpe Ratio Rank: 97
FLRT Sortino Ratio Rank: 97
FLRT Omega Ratio Rank: 97
FLRT Calmar Ratio Rank: 79
FLRT Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FOWF vs. FLRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Solactive Whitney Future of Warfare ETF (FOWF) and Pacer Aristotle Pacific Floating Rate High Income 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.

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.

	FOWF	FLRT	Difference
Sharpe ratio: Return per unit of total volatility	1.60	3.46	-1.87
Sortino ratio: Return per unit of downside risk	2.39	5.17	-2.78
Omega ratio: Gain probability vs. loss probability	1.27	1.76	-0.49
Calmar ratio: Return relative to maximum drawdown	2.35	2.90	-0.55
Martin ratio: Return relative to average drawdown	6.98	10.63	-3.65

FOWF vs. FLRT - Sharpe Ratio Comparison

The current FOWF Sharpe Ratio is 1.60, which is lower than the FLRT Sharpe Ratio of 3.46. The chart below compares the historical Sharpe Ratios of FOWF and FLRT, 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

FOWF vs. FLRT - Drawdown Comparison

The maximum FOWF drawdown since its inception was -12.29%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for FOWF and FLRT.

Drawdown Indicators

	FOWF	FLRT	Difference
Max Drawdown Largest peak-to-trough decline	-12.29%	-20.96%	+8.67%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-1.78%	-8.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-2.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-7.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.96%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.15%	-1.39%	-0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	0.48%	+2.90%

Volatility

FOWF vs. FLRT - Volatility Comparison

Pacer Solactive Whitney Future of Warfare ETF (FOWF) has a higher volatility of 4.32% compared to Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) at 0.29%. This indicates that FOWF'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.

Volatility by Period

	FOWF	FLRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.32%	0.29%	+4.03%
Volatility (6M) Calculated over the trailing 6-month period	12.09%	1.19%	+10.90%
Volatility (1Y) Calculated over the trailing 1-year period	14.84%	1.49%	+13.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.84%	2.30%	+14.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.84%	6.09%	+10.75%

FOWF vs. FLRT - Expense Ratio Comparison

FOWF has a 0.49% expense ratio, which is lower than FLRT's 0.60% expense ratio.

Dividends

FOWF vs. FLRT - Dividend Comparison

FOWF's dividend yield for the trailing twelve months is around 0.71%, less than FLRT's 6.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF	6.71%	6.93%	7.93%	8.40%	5.81%	3.16%	3.52%	4.30%	3.95%	3.20%	3.38%	3.21%
FOWF Pacer Solactive Whitney Future of Warfare ETF	0.71%	0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FOWF and FLRT in my portfolio?

FOWF and FLRT have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FOWF or FLRT?

FOWF has higher volatility (4.32%) compared to FLRT (0.29%). In terms of maximum drawdown, FOWF dropped -12.29% vs FLRT's -20.96%.

Which ETF is better, FOWF or FLRT?

On 1-year performance, FOWF leads with 23.56% vs 5.13% for FLRT. On fees, FOWF is cheaper at 0.49% per year. On volatility, FLRT has been the lower-risk option at 0.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FOWF or FLRT?

Over the 1-year period, FOWF has performed better with a 23.56% return vs 5.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FOWF or FLRT?

FOWF is cheaper with a 0.49% expense ratio, compared with 0.60% for FLRT.

Which ETF pays a higher dividend yield, FOWF or FLRT?

FLRT has the higher dividend yield at 6.71%, compared with 0.71% for FOWF.

What is the main difference between FOWF and FLRT?

FOWF is categorized as Industrials Equities, while FLRT is Bank Loan. Their fees differ too: 0.49% for FOWF and 0.60% for FLRT.

Which has better risk-adjusted returns?

FLRT currently has the higher Sharpe Ratio (3.46 vs 1.60), 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.