PWS vs. FLRT
PWS (Pacer WealthShield ETF) and FLRT (Pacer Aristotle Pacific Floating Rate High Income ETF) are both exchange-traded funds - PWS is a Diversified Portfolio fund tracking the Pacer WealthShield Index, while FLRT is a Bank Loan fund actively managed by Pacer. PWS is passively managed, while FLRT is actively managed. Over the past 5 years, PWS returned 1.52%/yr vs 6.08%/yr for FLRT. Their 0.13 correlation means their historical movements had little consistent relationship. Both charge a 0.60% expense ratio.
Performance
PWS vs. FLRT - Performance Comparison
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Returns By Period
In the year-to-date period, PWS achieves a -0.34% return, which is significantly lower than FLRT's 2.39% return.
PWS
- 1D
- -0.54%
- 1M
- -1.75%
- 6M
- -2.53%
- YTD
- -0.34%
- 1Y
- 6.04%
- 3Y*
- 6.01%
- 5Y*
- 1.52%
- 10Y*
- —
- ALL TIME*
- 4.27%
FLRT
- 1D
- 0.06%
- 1M
- 0.38%
- 6M
- 2.08%
- YTD
- 2.39%
- 1Y
- 5.09%
- 3Y*
- 7.87%
- 5Y*
- 6.08%
- 10Y*
- 4.83%
- ALL TIME*
- 4.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.88M | $4.59M | $4.78M | |
| $30.91K | $71.31K | $181.41K |
PWS vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PWS Pacer WealthShield ETF | -0.34% | 8.05% | 14.01% | -3.58% | -12.10% | 14.43% | 22.16% | 1.36% | -3.29% | 0.64% |
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 2.39% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 2.78% | 9.44% | -1.14% | 0.51% |
Correlation
The correlation between PWS and FLRT is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2017 | 0.13 |
The correlation between PWS and FLRT shifts across timeframes, from 0.13 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PWS vs. FLRT — Risk / Return Rank
PWS
FLRT
PWS vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer WealthShield ETF (PWS) and Pacer Aristotle Pacific Floating Rate High Income 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.
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.
| PWS | FLRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.08 | ||
| Sortino ratioReturn per unit of downside risk | -4.55 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.76 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 2.89 | -2.25 |
| Martin ratioReturn relative to average drawdown | 1.39 | 10.59 | -9.20 |
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Drawdowns
PWS vs. FLRT - Drawdown Comparison
The maximum PWS drawdown since its inception was -24.93%, which is greater than FLRT's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for PWS and FLRT.
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Drawdown Indicators
| PWS | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.93% | -20.96% | -3.97% |
Max Drawdown (1Y)Largest decline over 1 year | -6.88% | -1.78% | -5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -10.47% | -2.87% | -7.60% |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | -7.60% | -17.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.96% | — |
Current DrawdownCurrent decline from peak | -4.15% | 0.00% | -4.15% |
Average DrawdownAverage peak-to-trough decline | -9.01% | -1.39% | -7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 0.48% | +2.65% |
Volatility
PWS vs. FLRT - Volatility Comparison
Pacer WealthShield ETF (PWS) has a higher volatility of 2.96% compared to Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) at 0.29%. This indicates that PWS'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
| PWS | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 0.29% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 1.19% | +6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.74% | 1.49% | +10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.78% | 2.30% | +9.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 6.09% | +8.24% |
PWS vs. FLRT - Expense Ratio Comparison
Both PWS and FLRT have an expense ratio of 0.60%.
Dividends
PWS vs. FLRT - Dividend Comparison
PWS's dividend yield for the trailing twelve months is around 1.32%, less than FLRT's 6.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 6.72% | 6.93% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
PWS Pacer WealthShield ETF | 1.32% | 1.59% | 1.33% | 2.21% | 1.45% | 0.94% | 0.53% | 1.77% | 1.16% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PWS and FLRT have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWS has higher volatility (2.96%) compared to FLRT (0.29%). In terms of maximum drawdown, PWS dropped -24.93% vs FLRT's -20.96%.
On 5-year performance, FLRT leads with 6.08% vs 1.52% for PWS. Both ETFs have the same 0.60% expense ratio. On volatility, FLRT has been the lower-risk option at 0.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLRT has performed better with a 6.08% return vs 1.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PWS and FLRT have the same expense ratio: 0.60% per year.
FLRT has the higher dividend yield at 6.72%, compared with 1.32% for PWS.
PWS is categorized as Diversified Portfolio, while FLRT is Bank Loan.
FLRT currently has the higher Sharpe Ratio (3.45 vs 0.37), 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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