HYXF vs. FLRT
HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) and FLRT (Pacific Global Senior Loan ETF) are both High Yield Bonds funds. HYXF is passively managed, while FLRT is actively managed. Over the past 10 years, HYXF returned 5.08%/yr vs 4.90%/yr for FLRT. At a 0.19 correlation, their price movements are largely independent. HYXF charges 0.35%/yr vs 0.69%/yr for FLRT.
Performance
HYXF vs. FLRT - Performance Comparison
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Returns By Period
In the year-to-date period, HYXF achieves a 1.27% return, which is significantly lower than FLRT's 1.83% return. Both investments have delivered pretty close results over the past 10 years, with HYXF having a 5.08% annualized return and FLRT not far behind at 4.90%.
HYXF
- 1D
- 0.10%
- 1M
- 0.74%
- YTD
- 1.27%
- 6M
- 1.31%
- 1Y
- 5.04%
- 3Y*
- 8.96%
- 5Y*
- 3.57%
- 10Y*
- 5.08%
FLRT
- 1D
- 0.02%
- 1M
- 0.19%
- YTD
- 1.83%
- 6M
- 1.79%
- 1Y
- 5.50%
- 3Y*
- 8.54%
- 5Y*
- 5.95%
- 10Y*
- 4.90%
HYXF vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 1.27% | 8.88% | 8.35% | 11.87% | -11.90% | 2.60% | 6.07% | 14.87% | -0.24% | 6.89% |
FLRT Pacific Global Senior Loan ETF | 1.83% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 2.78% | 9.44% | -1.14% | 1.72% |
Correlation
The correlation between HYXF and FLRT is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2016 | 0.19 |
Over the past year, HYXF and FLRT have become more correlated (0.40) than their long-term average of 0.19, meaning their price movements have been converging.
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Return for Risk
HYXF vs. FLRT — Risk / Return Rank
HYXF
FLRT
HYXF vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) 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.
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.
| HYXF | FLRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -3.36 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.81 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 3.11 | -1.14 |
| Martin ratioReturn relative to average drawdown | 8.80 | 11.34 | -2.55 |
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Drawdowns
HYXF vs. FLRT - Drawdown Comparison
The maximum HYXF drawdown since its inception was -18.75%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for HYXF and FLRT.
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Drawdown Indicators
| HYXF | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -20.96% | +2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -1.78% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -2.87% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | -7.60% | -8.40% |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | -20.96% | +2.21% |
Current DrawdownCurrent decline from peak | -0.15% | -0.15% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -1.41% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.49% | +0.08% |
Volatility
HYXF vs. FLRT - Volatility Comparison
iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) has a higher volatility of 1.13% compared to Pacific Global Senior Loan ETF (FLRT) at 0.41%. This indicates that HYXF'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
| HYXF | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.41% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 1.22% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 1.59% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 2.30% | +5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 6.12% | +2.19% |
HYXF vs. FLRT - Expense Ratio Comparison
HYXF has a 0.35% expense ratio, which is lower than FLRT's 0.69% expense ratio.
Dividends
HYXF vs. FLRT - Dividend Comparison
HYXF's dividend yield for the trailing twelve months is around 6.07%, less than FLRT's 6.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacific Global Senior Loan ETF | 6.81% | 6.93% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.07% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% | 0.00% |
Frequently Asked Questions
HYXF and FLRT have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYXF has higher volatility (1.13%) compared to FLRT (0.41%). In terms of maximum drawdown, HYXF dropped -18.75% vs FLRT's -20.96%.
On 10-year performance, HYXF leads with 5.08% vs 4.90% for FLRT. On fees, HYXF is cheaper at 0.35% per year. On volatility, FLRT has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, HYXF has performed better with a 5.08% return vs 4.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYXF is cheaper with a 0.35% expense ratio, compared with 0.69% for FLRT.
FLRT has the higher dividend yield at 6.81%, compared with 6.07% for HYXF.
They also come from different issuers: iShares and Pacific Life. Their fees differ too: 0.35% for HYXF and 0.69% for FLRT.
FLRT currently has the higher Sharpe Ratio (3.47 vs 1.32), 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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