SHYL vs. FLRT

Last updated Jun 25, 2026

SHYL (Xtrackers Short Duration High Yield Bond ETF) and FLRT (Pacific Global Senior Loan ETF) are both High Yield Bonds funds. SHYL is passively managed, while FLRT is actively managed. Over the past 5 years, SHYL returned 4.82%/yr vs 5.95%/yr for FLRT. At a 0.24 correlation, their price movements are largely independent. SHYL charges 0.20%/yr vs 0.69%/yr for FLRT.

Performance

SHYL vs. FLRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Short Duration High Yield Bond ETF (SHYL) and Pacific Global Senior Loan ETF (FLRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHYL achieves a 1.35% return, which is significantly lower than FLRT's 1.83% return.

SHYL

• 1D: -0.01%
• 1M: 0.36%
• YTD: 1.35%
• 6M: 1.42%
• 1Y: 5.22%
• 3Y*: 8.43%
• 5Y*: 4.82%
• 10Y*: —

FLRT

• 1D: 0.02%
• 1M: 0.19%
• YTD: 1.83%
• 6M: 1.79%
• 1Y: 5.50%
• 3Y*: 8.54%
• 5Y*: 5.95%
• 10Y*: 4.90%

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

SHYL vs. FLRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SHYL Xtrackers Short Duration High Yield Bond ETF	1.35%	7.78%	8.52%	11.39%	-5.21%	4.60%	3.64%	10.16%	-0.67%
FLRT Pacific Global Senior Loan ETF	1.83%	6.24%	9.18%	14.59%	-2.72%	3.18%	2.78%	9.44%	-1.20%

Correlation

The correlation between SHYL and FLRT is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jan 10, 2018	0.25

The correlation between SHYL and FLRT shifts across timeframes, from 0.24 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SHYL vs. FLRT — Risk / Return Rank

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

SHYL

SHYL Risk / Return Rank: 64
SHYL Sharpe Ratio Rank: 54
SHYL Sortino Ratio Rank: 59
SHYL Omega Ratio Rank: 59
SHYL Calmar Ratio Rank: 73
SHYL Martin Ratio Rank: 76

FLRT

FLRT Risk / Return Rank: 85
FLRT Sharpe Ratio Rank: 95
FLRT Sortino Ratio Rank: 96
FLRT Omega Ratio Rank: 97
FLRT Calmar Ratio Rank: 69
FLRT Martin Ratio Rank: 69

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.

SHYL vs. FLRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Short Duration High Yield Bond ETF (SHYL) 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.

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.

	SHYL	FLRT	Difference
Sharpe ratio: Return per unit of total volatility	1.63	3.47	-1.83
Sortino ratio: Return per unit of downside risk	2.49	5.35	-2.86
Omega ratio: Gain probability vs. loss probability	1.33	1.81	-0.49
Calmar ratio: Return relative to maximum drawdown	3.29	3.11	+0.18
Martin ratio: Return relative to average drawdown	12.88	11.34	+1.53

SHYL vs. FLRT - Sharpe Ratio Comparison

The current SHYL Sharpe Ratio is 1.63, which is lower than the FLRT Sharpe Ratio of 3.47. The chart below compares the historical Sharpe Ratios of SHYL and FLRT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SHYL vs. FLRT - Drawdown Comparison

The maximum SHYL drawdown since its inception was -19.26%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for SHYL and FLRT.

Drawdown Indicators

	SHYL	FLRT	Difference
Max Drawdown Largest peak-to-trough decline	-19.26%	-20.96%	+1.70%
Max Drawdown (1Y) Largest decline over 1 year	-1.59%	-1.78%	+0.19%
Max Drawdown (3Y) Largest decline over 3 years	-4.73%	-2.87%	-1.86%
Max Drawdown (5Y) Largest decline over 5 years	-9.60%	-7.60%	-2.00%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.96%	—
Current Drawdown Current decline from peak	-0.19%	-0.15%	-0.04%
Average Drawdown Average peak-to-trough decline	-1.53%	-1.41%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	0.49%	-0.08%

Volatility

SHYL vs. FLRT - Volatility Comparison

Xtrackers Short Duration High Yield Bond ETF (SHYL) has a higher volatility of 0.74% compared to Pacific Global Senior Loan ETF (FLRT) at 0.41%. This indicates that SHYL'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.

Volatility by Period

	SHYL	FLRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	0.41%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	2.50%	1.22%	+1.28%
Volatility (1Y) Calculated over the trailing 1-year period	3.21%	1.59%	+1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.85%	2.30%	+3.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.67%	6.12%	+0.55%

SHYL vs. FLRT - Expense Ratio Comparison

SHYL has a 0.20% expense ratio, which is lower than FLRT's 0.69% expense ratio.

Dividends

SHYL vs. FLRT - Dividend Comparison

SHYL's dividend yield for the trailing twelve months is around 6.92%, more than FLRT's 6.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLRT Pacific Global Senior Loan ETF	6.81%	6.93%	7.93%	8.40%	5.81%	3.16%	3.52%	4.30%	3.95%	3.20%	3.38%	3.21%
SHYL Xtrackers Short Duration High Yield Bond ETF	6.92%	7.02%	7.26%	6.60%	5.52%	4.65%	6.16%	5.93%	5.54%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SHYL and FLRT in my portfolio?

SHYL and FLRT have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHYL or FLRT?

SHYL has higher volatility (0.74%) compared to FLRT (0.41%). In terms of maximum drawdown, SHYL dropped -19.26% vs FLRT's -20.96%.

Which ETF is better, SHYL or FLRT?

On 5-year performance, FLRT leads with 5.95% vs 4.82% for SHYL. On fees, SHYL is cheaper at 0.20% per year. On volatility, FLRT has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHYL or FLRT?

Over the 5-year period, FLRT has performed better with a 5.95% return vs 4.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHYL or FLRT?

SHYL is cheaper with a 0.20% expense ratio, compared with 0.69% for FLRT.

Which ETF pays a higher dividend yield, SHYL or FLRT?

SHYL has the higher dividend yield at 6.92%, compared with 6.81% for FLRT.

What is the main difference between SHYL and FLRT?

They also come from different issuers: Deutsche Bank and Pacific Life. Their fees differ too: 0.20% for SHYL and 0.69% for FLRT.

Which has better risk-adjusted returns?

FLRT currently has the higher Sharpe Ratio (3.47 vs 1.63), 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.