IBHH vs. FLRT

Last updated Apr 1, 2026

Compare and contrast key facts about iShares iBonds 2028 Term High Yield and Income ETF (IBHH) and Pacific Global Senior Loan ETF (FLRT).

IBHH and FLRT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHH is a passively managed fund by iShares that tracks the performance of the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. It was launched on Mar 8, 2022. FLRT is an actively managed fund by Pacific Life. It was launched on Feb 19, 2015.

Performance

IBHH vs. FLRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2028 Term High Yield and Income ETF (IBHH) and Pacific Global Senior Loan ETF (FLRT). The values are adjusted to include any dividend payments, if applicable.

IBHH vs. FLRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IBHH iShares iBonds 2028 Term High Yield and Income ETF	0.17%	8.02%	7.53%	12.87%	-6.70%
FLRT Pacific Global Senior Loan ETF	-0.24%	6.24%	9.18%	14.59%	-1.58%

Returns By Period

In the year-to-date period, IBHH achieves a 0.17% return, which is significantly higher than FLRT's -0.24% return.

IBHH

• 1D: 0.56%
• 1M: -0.42%
• YTD: 0.17%
• 6M: 1.39%
• 1Y: 7.04%
• 3Y*: 8.04%
• 5Y*: —
• 10Y*: —

FLRT

• 1D: 0.22%
• 1M: 0.50%
• YTD: -0.24%
• 6M: 1.25%
• 1Y: 5.26%
• 3Y*: 8.81%
• 5Y*: 5.70%
• 10Y*: 4.93%

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

IBHH vs. FLRT - Expense Ratio Comparison

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

FLRT

Pacific Global Senior Loan ETF

IBHH

iShares iBonds 2028 Term High Yield and Income ETF

Return for Risk

IBHH vs. FLRT — Risk / Return Rank

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

IBHH

IBHH Risk / Return Rank: 78
IBHH Sharpe Ratio Rank: 75
IBHH Sortino Ratio Rank: 72
IBHH Omega Ratio Rank: 87
IBHH Calmar Ratio Rank: 68
IBHH Martin Ratio Rank: 88

FLRT

FLRT Risk / Return Rank: 86
FLRT Sharpe Ratio Rank: 87
FLRT Sortino Ratio Rank: 85
FLRT Omega Ratio Rank: 97
FLRT Calmar Ratio Rank: 80
FLRT Martin Ratio Rank: 81

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.

IBHH vs. FLRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2028 Term High Yield and Income ETF (IBHH) 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.

	IBHH	FLRT	Difference
Sharpe ratio Return per unit of total volatility	1.38	1.74	-0.36
Sortino ratio Return per unit of downside risk	1.83	2.23	-0.40
Omega ratio Gain probability vs. loss probability	1.36	1.53	-0.18
Calmar ratio Return relative to maximum drawdown	1.72	2.10	-0.38
Martin ratio Return relative to average drawdown	10.94	8.51	+2.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBHH vs. FLRT - Sharpe Ratio Comparison

The current IBHH Sharpe Ratio is 1.38, which is comparable to the FLRT Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of IBHH and FLRT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IBHH	FLRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	1.74	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.47	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.73	-0.03

Correlation

The correlation between IBHH and FLRT is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IBHH vs. FLRT - Dividend Comparison

IBHH's dividend yield for the trailing twelve months is around 6.37%, less than FLRT's 6.92% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBHH iShares iBonds 2028 Term High Yield and Income ETF	6.37%	6.39%	6.93%	6.65%	5.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FLRT Pacific Global Senior Loan ETF	6.92%	6.93%	7.93%	8.40%	5.81%	3.16%	3.52%	4.30%	3.95%	3.20%	3.38%	3.21%

Drawdowns

IBHH vs. FLRT - Drawdown Comparison

The maximum IBHH drawdown since its inception was -12.05%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for IBHH and FLRT.

Drawdown Indicators

	IBHH	FLRT	Difference
Max Drawdown Largest peak-to-trough decline	-12.05%	-20.96%	+8.91%
Max Drawdown (1Y) Largest decline over 1 year	-4.08%	-2.47%	-1.61%
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	-0.63%	-0.93%	+0.30%
Average Drawdown Average peak-to-trough decline	-2.39%	-1.43%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	0.63%	+0.01%

Volatility

IBHH vs. FLRT - Volatility Comparison

iShares iBonds 2028 Term High Yield and Income ETF (IBHH) has a higher volatility of 1.43% compared to Pacific Global Senior Loan ETF (FLRT) at 0.47%. This indicates that IBHH'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.

Volatility by Period

	IBHH	FLRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	0.47%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	2.10%	1.22%	+0.88%
Volatility (1Y) Calculated over the trailing 1-year period	5.13%	3.04%	+2.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.39%	2.32%	+5.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.39%	6.24%	+1.15%