QHY vs. FLRT
QHY (WisdomTree U.S. Short-Term Corporate Bond Fund) and FLRT (Pacer Aristotle Pacific Floating Rate High Income ETF) are both exchange-traded funds - QHY is a High Yield Bonds fund tracking the WisdomTree U.S. High Yield Corporate Bond Index, while FLRT is a Bank Loan fund actively managed by Pacer. QHY is passively managed, while FLRT is actively managed. Over the past 10 years, QHY returned 4.81%/yr vs 4.83%/yr for FLRT. Their 0.22 correlation means their historical movements had little consistent relationship. QHY charges 0.38%/yr vs 0.60%/yr for FLRT.
Performance
QHY vs. FLRT - Performance Comparison
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Returns By Period
In the year-to-date period, QHY achieves a 1.67% return, which is significantly lower than FLRT's 2.39% return. Both investments have delivered pretty close results over the past 10 years, with QHY having a 4.81% annualized return and FLRT not far ahead at 4.83%.
QHY
- 1D
- -0.13%
- 1M
- -0.23%
- 6M
- 1.03%
- YTD
- 1.67%
- 1Y
- 5.49%
- 3Y*
- 7.61%
- 5Y*
- 3.01%
- 10Y*
- 4.81%
- ALL TIME*
- 4.92%
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 | |
| $828.03K | $706.51K | $785.65K |
QHY vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 1.67% | 9.61% | 5.92% | 10.12% | -11.81% | 4.12% | 5.99% | 15.65% | -0.06% | 5.66% |
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% | 1.72% |
Correlation
The correlation between QHY and FLRT is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2016 | 0.22 |
The correlation between QHY and FLRT shifts across timeframes, from 0.22 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QHY vs. FLRT — Risk / Return Rank
QHY
FLRT
QHY vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) 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.
| QHY | FLRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.76 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.89 | -0.87 |
| Martin ratioReturn relative to average drawdown | 9.25 | 10.59 | -1.34 |
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Drawdowns
QHY vs. FLRT - Drawdown Comparison
The maximum QHY drawdown since its inception was -22.74%, which is greater than FLRT's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for QHY and FLRT.
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Drawdown Indicators
| QHY | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -20.96% | -1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -1.78% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -2.87% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -7.60% | -8.61% |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | -20.96% | -1.78% |
Current DrawdownCurrent decline from peak | -0.37% | 0.00% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -1.39% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.48% | +0.12% |
Volatility
QHY vs. FLRT - Volatility Comparison
WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) has a higher volatility of 0.92% compared to Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) at 0.29%. This indicates that QHY'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
| QHY | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.29% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 1.19% | +1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 1.49% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 2.30% | +5.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.17% | 6.09% | +2.08% |
QHY vs. FLRT - Expense Ratio Comparison
QHY has a 0.38% expense ratio, which is lower than FLRT's 0.60% expense ratio.
Dividends
QHY vs. FLRT - Dividend Comparison
QHY's dividend yield for the trailing twelve months is around 6.28%, 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% |
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 6.28% | 6.26% | 6.40% | 6.11% | 5.44% | 4.09% | 4.80% | 5.21% | 5.93% | 6.47% | 4.39% | 0.00% |
Frequently Asked Questions
QHY and FLRT have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QHY has higher volatility (0.92%) compared to FLRT (0.29%). In terms of maximum drawdown, QHY dropped -22.74% vs FLRT's -20.96%.
On 10-year performance, FLRT leads with 4.83% vs 4.81% for QHY. On fees, QHY is cheaper at 0.38% per year. 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 10-year period, FLRT has performed better with a 4.83% return vs 4.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QHY is cheaper with a 0.38% expense ratio, compared with 0.60% for FLRT.
FLRT has the higher dividend yield at 6.72%, compared with 6.28% for QHY.
QHY is categorized as High Yield Bonds, while FLRT is Bank Loan. They also come from different issuers: WisdomTree and Pacer. Their fees differ too: 0.38% for QHY and 0.60% for FLRT.
FLRT currently has the higher Sharpe Ratio (3.45 vs 1.53), 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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