PLFLX vs. XPTFX

Last updated Jun 4, 2026

PLFLX (Aristotle Floating Rate Income Fund Class A) and XPTFX (Federated Hermes Project and Trade Finance Tender Fund) are both Bank Loan funds. Over the past 5 years, PLFLX returned 5.58%/yr vs 6.40%/yr for XPTFX. At a 0.11 correlation, their price movements are largely independent. PLFLX charges 1.05%/yr vs 0.41%/yr for XPTFX.

Performance

PLFLX vs. XPTFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aristotle Floating Rate Income Fund Class A (PLFLX) and Federated Hermes Project and Trade Finance Tender Fund (XPTFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLFLX achieves a 1.18% return, which is significantly lower than XPTFX's 2.83% return.

PLFLX

• 1D: 0.00%
• 1M: 0.52%
• YTD: 1.18%
• 6M: 1.98%
• 1Y: 5.80%
• 3Y*: 8.07%
• 5Y*: 5.58%
• 10Y*: 4.81%

XPTFX

• 1D: 0.00%
• 1M: 0.49%
• YTD: 2.83%
• 6M: 3.46%
• 1Y: 7.55%
• 3Y*: 8.05%
• 5Y*: 6.40%
• 10Y*: —

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

PLFLX vs. XPTFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PLFLX Aristotle Floating Rate Income Fund Class A	1.18%	6.33%	8.03%	13.70%	-2.35%	4.16%	0.95%	7.91%	0.14%	3.18%
XPTFX Federated Hermes Project and Trade Finance Tender Fund	2.83%	7.47%	8.62%	8.55%	3.74%	1.91%	2.18%	4.70%	4.47%	-0.10%

Correlation

The correlation between PLFLX and XPTFX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017	0.11

The correlation between PLFLX and XPTFX shifts across timeframes, from -0.08 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PLFLX vs. XPTFX — Risk / Return Rank

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

PLFLX

PLFLX Risk / Return Rank: 78
PLFLX Sharpe Ratio Rank: 62
PLFLX Sortino Ratio Rank: 96
PLFLX Omega Ratio Rank: 97
PLFLX Calmar Ratio Rank: 75
PLFLX Martin Ratio Rank: 60

XPTFX

XPTFX Risk / Return Rank: 80
XPTFX Sharpe Ratio Rank: 79
XPTFX Sortino Ratio Rank: 78
XPTFX Omega Ratio Rank: 99
XPTFX Calmar Ratio Rank: 83
XPTFX Martin Ratio Rank: 61

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.

PLFLX vs. XPTFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aristotle Floating Rate Income Fund Class A (PLFLX) and Federated Hermes Project and Trade Finance Tender Fund (XPTFX). 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.

	PLFLX	XPTFX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.58	-0.25
Sortino ratio: Return per unit of downside risk	5.54	3.73	+1.81
Omega ratio: Gain probability vs. loss probability	1.93	4.27	-2.34
Calmar ratio: Return relative to maximum drawdown	3.39	3.87	-0.48
Martin ratio: Return relative to average drawdown	12.01	12.16	-0.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLFLX vs. XPTFX - Sharpe Ratio Comparison

The current PLFLX Sharpe Ratio is 2.33, which is comparable to the XPTFX Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of PLFLX and XPTFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PLFLX	XPTFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.58	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.01	2.55	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	2.36	-0.87

Drawdowns

PLFLX vs. XPTFX - Drawdown Comparison

The maximum PLFLX drawdown since its inception was -18.80%, which is greater than XPTFX's maximum drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for PLFLX and XPTFX.

Drawdown Indicators

	PLFLX	XPTFX	Difference
Max Drawdown Largest peak-to-trough decline	-18.80%	-2.95%	-15.85%
Max Drawdown (1Y) Largest decline over 1 year	-1.72%	-1.96%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	-2.09%	-2.95%	+0.86%
Max Drawdown (5Y) Largest decline over 5 years	-6.45%	-2.95%	-3.50%
Max Drawdown (10Y) Largest decline over 10 years	-18.80%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.70%	-0.26%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	0.62%	-0.14%

Volatility

PLFLX vs. XPTFX - Volatility Comparison

Aristotle Floating Rate Income Fund Class A (PLFLX) has a higher volatility of 0.59% compared to Federated Hermes Project and Trade Finance Tender Fund (XPTFX) at 0.21%. This indicates that PLFLX's price experiences larger fluctuations and is considered to be riskier than XPTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLFLX	XPTFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	0.21%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	1.92%	2.89%	-0.97%
Volatility (1Y) Calculated over the trailing 1-year period	2.50%	2.94%	-0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.79%	2.52%	+0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.74%	2.02%	+1.72%

PLFLX vs. XPTFX - Expense Ratio Comparison

PLFLX has a 1.05% expense ratio, which is higher than XPTFX's 0.41% expense ratio.

Dividends

PLFLX vs. XPTFX - Dividend Comparison

PLFLX's dividend yield for the trailing twelve months is around 6.75%, more than XPTFX's 6.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLFLX Aristotle Floating Rate Income Fund Class A	6.75%	6.86%	8.14%	8.61%	4.16%	3.35%	3.29%	4.94%	4.77%	4.16%	3.92%	4.21%
XPTFX Federated Hermes Project and Trade Finance Tender Fund	6.04%	7.24%	6.78%	6.66%	5.70%	2.21%	2.74%	4.62%	4.60%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLFLX and XPTFX in my portfolio?

PLFLX and XPTFX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLFLX or XPTFX?

PLFLX has higher volatility (0.59%) compared to XPTFX (0.21%). In terms of maximum drawdown, PLFLX dropped -18.80% vs XPTFX's -2.95%.

Which has better risk-adjusted returns?

XPTFX currently has the higher Sharpe Ratio (2.58 vs 2.33), 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.