IBHG vs. FLRT
IBHG (iShares iBonds 2027 Term High Yield and Income ETF) and FLRT (Pacific Global Senior Loan ETF) are both High Yield Bonds funds. IBHG is passively managed, while FLRT is actively managed. Over the past 3 years, IBHG returned 7.37%/yr vs 8.90%/yr for FLRT. At a 0.30 correlation, their price movements are largely independent. IBHG charges 0.35%/yr vs 0.69%/yr for FLRT.
Performance
IBHG vs. FLRT - Performance Comparison
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Returns By Period
In the year-to-date period, IBHG achieves a 0.96% return, which is significantly lower than FLRT's 1.83% return.
IBHG
- 1D
- -0.09%
- 1M
- 0.21%
- YTD
- 0.96%
- 6M
- 1.46%
- 1Y
- 4.61%
- 3Y*
- 7.37%
- 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%
IBHG vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 0.96% | 6.90% | 7.42% | 11.27% | -8.88% | 1.07% |
FLRT Pacific Global Senior Loan ETF | 1.83% | 6.24% | 9.18% | 14.59% | -2.72% | 1.28% |
Correlation
The correlation between IBHG and FLRT is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.30 |
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Return for Risk
IBHG vs. FLRT — Risk / Return Rank
IBHG
FLRT
IBHG vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2027 Term High Yield and Income ETF (IBHG) 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.
| IBHG | FLRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.95 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 6.38 | 3.43 | +2.94 |
| Martin ratioReturn relative to average drawdown | 23.30 | 12.62 | +10.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBHG | FLRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 3.89 | -1.69 |
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 | 0.56 | 0.75 | -0.19 |
Drawdowns
IBHG vs. FLRT - Drawdown Comparison
The maximum IBHG drawdown since its inception was -13.85%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for IBHG and FLRT.
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Drawdown Indicators
| IBHG | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.85% | -20.96% | +7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -0.73% | -1.78% | +1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | -2.87% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.60% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.96% | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.15% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -1.41% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.48% | -0.28% |
Volatility
IBHG vs. FLRT - Volatility Comparison
iShares iBonds 2027 Term High Yield and Income ETF (IBHG) has a higher volatility of 0.58% compared to Pacific Global Senior Loan ETF (FLRT) at 0.40%. This indicates that IBHG'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
| IBHG | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.40% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 1.19% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 1.57% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.37% | 2.30% | +4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.37% | 6.17% | +0.20% |
IBHG vs. FLRT - Expense Ratio Comparison
IBHG has a 0.35% expense ratio, which is lower than FLRT's 0.69% expense ratio.
Dividends
IBHG vs. FLRT - Dividend Comparison
IBHG's dividend yield for the trailing twelve months is around 6.08%, 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% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.08% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBHG and FLRT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBHG has higher volatility (0.58%) compared to FLRT (0.40%). In terms of maximum drawdown, IBHG dropped -13.85% vs FLRT's -20.96%.
On 3-year performance, FLRT leads with 8.90% vs 7.37% for IBHG. On fees, IBHG is cheaper at 0.35% per year. On volatility, FLRT has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FLRT has performed better with a 8.90% return vs 7.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBHG 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 6.08% for IBHG.
They also come from different issuers: iShares and Pacific Life. Their fees differ too: 0.35% for IBHG and 0.69% for FLRT.
FLRT currently has the higher Sharpe Ratio (3.89 vs 2.20), 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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