FTSD vs. FLRT
FTSD (Franklin Short Duration U.S. Government ETF) and FLRT (Pacer Aristotle Pacific Floating Rate High Income ETF) are both exchange-traded funds - FTSD is a Mortgage Backed Securities fund actively managed by Franklin Templeton, while FLRT is a Bank Loan fund actively managed by Pacer. Both are actively managed. Over the past 10 years, FTSD returned 2.10%/yr vs 4.83%/yr for FLRT. Their 0.08 correlation means their historical movements had little consistent relationship. FTSD charges 0.25%/yr vs 0.60%/yr for FLRT.
Performance
FTSD vs. FLRT - Performance Comparison
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Returns By Period
In the year-to-date period, FTSD achieves a 1.24% return, which is significantly lower than FLRT's 2.39% return. Over the past 10 years, FTSD has underperformed FLRT with an annualized return of 2.10%, while FLRT has yielded a comparatively higher 4.83% annualized return.
FTSD
- 1D
- 0.00%
- 1M
- 0.05%
- 6M
- 0.99%
- YTD
- 1.24%
- 1Y
- 3.75%
- 3Y*
- 5.00%
- 5Y*
- 2.57%
- 10Y*
- 2.10%
- ALL TIME*
- 1.80%
FLRT
- 1D
- 0.06%
- 1M
- 0.38%
- 6M
- 2.08%
- YTD
- 2.39%
- 1Y
- 5.09%
- 3Y*
- 7.87%
- 5Y*
- 6.08%
- 10Y*
- 4.83%
- ALL TIME*
- 4.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.88M | $4.59M | $4.78M | |
| $2.17M | $2.80M | $2.13M |
FTSD vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTSD Franklin Short Duration U.S. Government ETF | 1.24% | 5.66% | 5.20% | 4.84% | -3.13% | -0.90% | 3.13% | 2.40% | 1.64% | 0.63% |
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 2.39% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 2.78% | 9.44% | -1.14% | 1.72% |
Correlation
The correlation between FTSD and FLRT is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.08 |
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Return for Risk
FTSD vs. FLRT — Risk / Return Rank
FTSD
FLRT
FTSD vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Short Duration U.S. Government ETF (FTSD) 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.
| FTSD | FLRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.76 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 8.64 | 2.89 | +5.75 |
| Martin ratioReturn relative to average drawdown | 32.41 | 10.59 | +21.82 |
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Drawdowns
FTSD vs. FLRT - Drawdown Comparison
The maximum FTSD drawdown since its inception was -5.32%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for FTSD and FLRT.
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Drawdown Indicators
| FTSD | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.32% | -20.96% | +15.64% |
Max Drawdown (1Y)Largest decline over 1 year | -0.45% | -1.78% | +1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -0.93% | -2.87% | +1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -4.96% | -7.60% | +2.64% |
Max Drawdown (10Y)Largest decline over 10 years | -5.32% | -20.96% | +15.64% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -1.39% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 0.48% | -0.36% |
Volatility
FTSD vs. FLRT - Volatility Comparison
Franklin Short Duration U.S. Government ETF (FTSD) has a higher volatility of 0.32% compared to Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) at 0.29%. This indicates that FTSD'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.
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Volatility by Period
| FTSD | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.32% | 0.29% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.09% | 1.19% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 1.49% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.87% | 2.30% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.76% | 6.09% | -4.33% |
FTSD vs. FLRT - Expense Ratio Comparison
FTSD has a 0.25% expense ratio, which is lower than FLRT's 0.60% expense ratio.
Dividends
FTSD vs. FLRT - Dividend Comparison
FTSD's dividend yield for the trailing twelve months is around 4.48%, less than FLRT's 6.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 6.72% | 6.93% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
FTSD Franklin Short Duration U.S. Government ETF | 4.05% | 4.67% | 4.75% | 4.14% | 1.73% | 1.01% | 1.54% | 2.90% | 2.63% | 2.24% | 1.92% | 1.52% |
Frequently Asked Questions
FTSD and FLRT have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTSD has higher volatility (0.32%) compared to FLRT (0.29%). In terms of maximum drawdown, FTSD dropped -5.32% vs FLRT's -20.96%.
On 10-year performance, FLRT leads with 4.83% vs 2.10% for FTSD. On fees, FTSD is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FLRT has performed better with a 4.83% return vs 2.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTSD is cheaper with a 0.25% expense ratio, compared with 0.60% for FLRT.
FLRT has the higher dividend yield at 6.72%, compared with 4.05% for FTSD.
FTSD is categorized as Mortgage Backed Securities, while FLRT is Bank Loan. They also come from different issuers: Franklin Templeton and Pacer. Their fees differ too: 0.25% for FTSD and 0.60% for FLRT.
FLRT currently has the higher Sharpe Ratio (3.45 vs 2.86), 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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