Correlation
The correlation between PFLRX and FLRT is 0.15, 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.
PFLRX vs. FLRT
Compare and contrast key facts about Putnam Floating Rate Income Fund (PFLRX) and Pacific Global Senior Loan ETF (FLRT).
PFLRX is managed by Putnam. It was launched on Aug 3, 2004. FLRT is an actively managed fund by Pacific Life. It was launched on Feb 19, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFLRX or FLRT.
Performance
PFLRX vs. FLRT - Performance Comparison
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Key characteristics
PFLRX:
2.17
FLRT:
2.31
PFLRX:
3.62
FLRT:
2.93
PFLRX:
1.77
FLRT:
1.83
PFLRX:
1.98
FLRT:
2.32
PFLRX:
9.50
FLRT:
12.50
PFLRX:
0.63%
FLRT:
0.53%
PFLRX:
2.84%
FLRT:
2.89%
PFLRX:
-32.47%
FLRT:
-20.96%
PFLRX:
0.00%
FLRT:
0.00%
Returns By Period
In the year-to-date period, PFLRX achieves a 1.08% return, which is significantly lower than FLRT's 1.85% return. Over the past 10 years, PFLRX has underperformed FLRT with an annualized return of 3.78%, while FLRT has yielded a comparatively higher 4.32% annualized return.
PFLRX
1.08%
1.70%
2.06%
6.10%
7.88%
5.75%
3.78%
FLRT
1.85%
1.82%
2.47%
6.63%
9.23%
6.40%
4.32%
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PFLRX vs. FLRT - Expense Ratio Comparison
PFLRX has a 1.03% expense ratio, which is higher than FLRT's 0.69% expense ratio.
Risk-Adjusted Performance
PFLRX vs. FLRT — Risk-Adjusted Performance Rank
PFLRX
FLRT
PFLRX vs. FLRT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Floating Rate Income Fund (PFLRX) 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.
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Dividends
PFLRX vs. FLRT - Dividend Comparison
PFLRX's dividend yield for the trailing twelve months is around 6.95%, less than FLRT's 7.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLRX Putnam Floating Rate Income Fund | 6.95% | 7.57% | 8.84% | 4.64% | 2.64% | 3.10% | 4.56% | 4.54% | 3.71% | 3.71% | 4.45% | 3.80% |
FLRT Pacific Global Senior Loan ETF | 7.42% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.97% | 3.20% | 3.38% | 3.21% | 0.00% |
Drawdowns
PFLRX vs. FLRT - Drawdown Comparison
The maximum PFLRX drawdown since its inception was -32.47%, which is greater than FLRT's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for PFLRX and FLRT.
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Volatility
PFLRX vs. FLRT - Volatility Comparison
Putnam Floating Rate Income Fund (PFLRX) has a higher volatility of 0.69% compared to Pacific Global Senior Loan ETF (FLRT) at 0.62%. This indicates that PFLRX'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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