IBHD vs. FLRT

Last updated Jul 12, 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: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLRT

• 1D: 0.02%
• 1M: 0.28%
• 6M: 1.75%
• YTD: 2.12%
• 1Y: 5.13%
• 3Y*: 8.21%
• 5Y*: 5.99%
• 10Y*: 4.93%

*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	1.91%

Return for Risk

IBHD vs. FLRT — Risk / Return Rank

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

IBHD

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

FLRT

FLRT Risk / Return Rank: 87
FLRT Sharpe Ratio Rank: 97
FLRT Sortino Ratio Rank: 97
FLRT Omega Ratio Rank: 97
FLRT Calmar Ratio Rank: 72
FLRT Martin Ratio Rank: 73

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.

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.

	IBHD	FLRT	Difference
Sharpe ratio: Return per unit of total volatility	—	3.54	—
Sortino ratio: Return per unit of downside risk	—	5.30	—
Omega ratio: Gain probability vs. loss probability	—	1.80	—
Calmar ratio: Return relative to maximum drawdown	—	2.93	—
Martin ratio: Return relative to average drawdown	—	10.74	—

Drawdowns

Drawdown Indicators

	IBHD	FLRT	Difference
Max Drawdown Largest peak-to-trough decline	—	-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%	—
Average Drawdown Average peak-to-trough decline	—	-1.40%	—
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	—	0.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.47%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	2.30%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	6.11%	—

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 6.75%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLRT Pacific Global Senior Loan ETF	6.75%	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 6.75%, 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.