PWRIX vs. FLOTX
PWRIX (Donoghue Forlines Tactical Income Fund) and FLOTX (Donoghue Forlines Risk Managed Income Fund) are both mutual funds - PWRIX is a Nontraditional Bonds fund managed by Donoghue Forlines, while FLOTX is a Bank Loan fund managed by Donoghue Forlines. Over the past 5 years, PWRIX returned 1.20%/yr vs 2.80%/yr for FLOTX. Their 0.44 correlation means their historical movements had little consistent relationship. PWRIX charges 1.53%/yr vs 1.07%/yr for FLOTX.
Performance
PWRIX vs. FLOTX - Performance Comparison
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Returns By Period
In the year-to-date period, PWRIX achieves a 0.53% return, which is significantly higher than FLOTX's -0.16% return.
PWRIX
- 1D
- 0.11%
- 1M
- 0.34%
- 6M
- 0.53%
- YTD
- 0.53%
- 1Y
- 2.15%
- 3Y*
- 3.92%
- 5Y*
- 1.20%
- 10Y*
- 1.68%
- ALL TIME*
- 1.94%
FLOTX
- 1D
- 0.11%
- 1M
- 0.34%
- 6M
- 0.16%
- YTD
- -0.16%
- 1Y
- 2.30%
- 3Y*
- 4.39%
- 5Y*
- 2.80%
- 10Y*
- —
- ALL TIME*
- 3.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PWRIX vs. FLOTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PWRIX Donoghue Forlines Tactical Income Fund | 0.53% | 3.58% | 4.57% | 8.09% | -9.39% | 3.11% | -4.54% | 9.07% | -0.97% |
FLOTX Donoghue Forlines Risk Managed Income Fund | -0.16% | 2.47% | 6.76% | 8.28% | -3.59% | 2.45% | 3.95% | 3.51% | 1.96% |
Correlation
The correlation between PWRIX and FLOTX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018 | 0.44 |
The correlation between PWRIX and FLOTX has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
PWRIX vs. FLOTX — Risk / Return Rank
PWRIX
FLOTX
PWRIX vs. FLOTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Donoghue Forlines Tactical Income Fund (PWRIX) and Donoghue Forlines Risk Managed Income Fund (FLOTX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PWRIX | FLOTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.28 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.93 | +0.10 |
| Martin ratioReturn relative to average drawdown | 2.82 | 2.32 | +0.50 |
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Drawdowns
PWRIX vs. FLOTX - Drawdown Comparison
The maximum PWRIX drawdown since its inception was -14.55%, which is greater than FLOTX's maximum drawdown of -4.40%. Use the drawdown chart below to compare losses from any high point for PWRIX and FLOTX.
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Drawdown Indicators
| PWRIX | FLOTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.55% | -4.40% | -10.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -2.36% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -2.92% | -3.34% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -12.16% | -4.40% | -7.76% |
Max Drawdown (10Y)Largest decline over 10 years | -14.55% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.59% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -1.03% | -1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.95% | -0.19% |
Volatility
PWRIX vs. FLOTX - Volatility Comparison
Donoghue Forlines Tactical Income Fund (PWRIX) has a higher volatility of 0.59% compared to Donoghue Forlines Risk Managed Income Fund (FLOTX) at 0.42%. This indicates that PWRIX's price experiences larger fluctuations and is considered to be riskier than FLOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PWRIX | FLOTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.42% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 1.35% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.33% | 1.69% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.33% | 2.69% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 2.44% | +2.10% |
PWRIX vs. FLOTX - Expense Ratio Comparison
PWRIX has a 1.53% expense ratio, which is higher than FLOTX's 1.07% expense ratio.
Dividends
PWRIX vs. FLOTX - Dividend Comparison
PWRIX's dividend yield for the trailing twelve months is around 3.83%, less than FLOTX's 6.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOTX Donoghue Forlines Risk Managed Income Fund | 6.69% | 5.79% | 7.15% | 7.16% | 1.56% | 2.13% | 2.42% | 3.78% | 3.20% | 0.00% | 0.00% | 0.00% |
PWRIX Donoghue Forlines Tactical Income Fund | 3.83% | 2.17% | 4.85% | 3.78% | 0.41% | 2.88% | 1.14% | 1.79% | 3.99% | 3.91% | 0.66% | 1.96% |
Frequently Asked Questions
PWRIX and FLOTX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWRIX has higher volatility (0.59%) compared to FLOTX (0.42%). In terms of maximum drawdown, PWRIX dropped -14.55% vs FLOTX's -4.40%.
FLOTX currently has the higher Sharpe Ratio (1.31 vs 0.93), 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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