IBHD vs. FLRT

Last updated Jun 4, 2026

IBHD (iShares iBonds 2024 Term High Yield & Income ETF) and FLRT (Pacific Global Senior Loan ETF) are both High Yield Bonds funds. IBHD is passively managed, while FLRT is actively managed. IBHD charges 0.35%/yr vs 0.69%/yr for FLRT.

Performance

IBHD vs. FLRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and Pacific Global Senior Loan ETF (FLRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLRT

• 1D: -0.15%
• 1M: 0.90%
• YTD: 1.83%
• 6M: 2.55%
• 1Y: 6.08%
• 3Y*: 8.90%
• 5Y*: 5.98%
• 10Y*: 5.00%

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

IBHD vs. FLRT - Yearly Performance Comparison

	2026 (YTD)
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
FLRT Pacific Global Senior Loan ETF	1.41%

Return for Risk

IBHD vs. FLRT — Risk / Return Rank

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

FLRT

FLRT Risk / Return Rank: 85
FLRT Sharpe Ratio Rank: 95
FLRT Sortino Ratio Rank: 97
FLRT Omega Ratio Rank: 97
FLRT Calmar Ratio Rank: 68
FLRT Martin Ratio Rank: 68

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.

IBHD vs. FLRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IBHD	FLRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.89	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.75	—

Drawdowns

IBHD vs. FLRT - Drawdown Comparison

The maximum IBHD drawdown since its inception was 0.00%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for IBHD and FLRT.

Drawdown Indicators

	IBHD	FLRT	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-20.96%	+20.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.78%	—
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%	-0.15%	+0.15%
Average Drawdown Average peak-to-trough decline	0.00%	-1.41%	+1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.48%	—

Volatility

Volatility by Period

	IBHD	FLRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	1.57%	-1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	2.30%	-2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	6.17%	-6.17%

IBHD vs. FLRT - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is lower than FLRT's 0.69% expense ratio.

Dividends

IBHD vs. FLRT - Dividend Comparison

IBHD has not paid dividends to shareholders, while FLRT's dividend yield for the trailing twelve months is around 6.81%.

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%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, IBHD or FLRT?

On fees, IBHD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHD or FLRT?

IBHD is cheaper with a 0.35% expense ratio, compared with 0.69% for FLRT.

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

FLRT has the higher dividend yield at 6.81%, compared with 0.00% for IBHD.

What is the main difference between IBHD and FLRT?

They also come from different issuers: iShares and Pacific Life. Their fees differ too: 0.35% for IBHD and 0.69% for FLRT.