PHB vs. FLRT
Compare and contrast key facts about Invesco Fundamental High Yield Corporate Bond ETF (PHB) and Pacific Global Senior Loan ETF (FLRT).
PHB and FLRT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PHB is a passively managed fund by Invesco that tracks the performance of the RAFI Bonds US High Yield 1-10 Index. It was launched on Nov 15, 2007. FLRT is an actively managed fund by Pacific Life. It was launched on Feb 19, 2015.
Performance
PHB vs. FLRT - Performance Comparison
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PHB vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHB Invesco Fundamental High Yield Corporate Bond ETF | -2.18% | 8.75% | 5.54% | 11.19% | -8.77% | 3.32% | 5.20% | 13.59% | -2.69% | 5.12% |
FLRT Pacific Global Senior Loan ETF | -0.20% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 2.78% | 9.44% | -1.14% | 1.72% |
Returns By Period
In the year-to-date period, PHB achieves a -2.18% return, which is significantly lower than FLRT's -0.20% return. Over the past 10 years, PHB has underperformed FLRT with an annualized return of 4.63%, while FLRT has yielded a comparatively higher 4.94% annualized return.
PHB
- 1D
- 0.84%
- 1M
- -2.81%
- YTD
- -2.18%
- 6M
- -0.67%
- 1Y
- 4.99%
- 3Y*
- 6.52%
- 5Y*
- 3.19%
- 10Y*
- 4.63%
FLRT
- 1D
- 0.04%
- 1M
- 0.58%
- YTD
- -0.20%
- 6M
- 1.29%
- 1Y
- 5.44%
- 3Y*
- 8.83%
- 5Y*
- 5.70%
- 10Y*
- 4.94%
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PHB vs. FLRT - Expense Ratio Comparison
PHB has a 0.23% expense ratio, which is lower than FLRT's 0.69% expense ratio.
Return for Risk
PHB vs. FLRT — Risk / Return Rank
PHB
FLRT
PHB vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Fundamental High Yield Corporate Bond ETF (PHB) 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.
| PHB | FLRT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 1.80 | -0.86 |
Sortino ratioReturn per unit of downside risk | 1.34 | 2.31 | -0.97 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.56 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.15 | -0.93 |
Martin ratioReturn relative to average drawdown | 4.83 | 8.63 | -3.80 |
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
| PHB | FLRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.80 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 2.47 | -1.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.79 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.73 | -0.45 |
Correlation
The correlation between PHB and FLRT is 0.19, 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
PHB vs. FLRT - Dividend Comparison
PHB's dividend yield for the trailing twelve months is around 5.68%, less than FLRT's 6.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHB Invesco Fundamental High Yield Corporate Bond ETF | 5.68% | 5.48% | 5.69% | 4.68% | 3.52% | 3.37% | 3.90% | 4.03% | 4.44% | 4.14% | 4.58% | 4.69% |
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
PHB vs. FLRT - Drawdown Comparison
The maximum PHB drawdown since its inception was -44.79%, which is greater than FLRT's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for PHB and FLRT.
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Drawdown Indicators
| PHB | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.79% | -20.96% | -23.83% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -2.47% | -1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | -7.60% | -6.16% |
Max Drawdown (10Y)Largest decline over 10 years | -21.52% | -20.96% | -0.56% |
Current DrawdownCurrent decline from peak | -3.22% | -0.88% | -2.34% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -1.43% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.62% | +0.41% |
Volatility
PHB vs. FLRT - Volatility Comparison
Invesco Fundamental High Yield Corporate Bond ETF (PHB) has a higher volatility of 2.27% compared to Pacific Global Senior Loan ETF (FLRT) at 0.46%. This indicates that PHB'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
| PHB | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 0.46% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 1.22% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.36% | 3.04% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 2.32% | +4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.89% | 6.24% | +0.65% |