SRLN vs. FLRT
SRLN (State Street Blackstone Senior Loan ETF) and FLRT (Pacer Aristotle Pacific Floating Rate High Income ETF) are both Bank Loan funds. Both are actively managed. Over the past 10 years, SRLN returned 4.52%/yr vs 4.77%/yr for FLRT. Their 0.26 correlation means their historical movements had little consistent relationship. SRLN charges 0.70%/yr vs 0.60%/yr for FLRT.
Performance
SRLN vs. FLRT - Performance Comparison
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Returns By Period
In the year-to-date period, SRLN achieves a 1.61% return, which is significantly lower than FLRT's 2.44% return. Over the past 10 years, SRLN has underperformed FLRT with an annualized return of 4.52%, while FLRT has yielded a comparatively higher 4.77% annualized return.
SRLN
- 1D
- 0.22%
- 1M
- 0.85%
- 6M
- 1.93%
- YTD
- 1.61%
- 1Y
- 4.84%
- 3Y*
- 7.25%
- 5Y*
- 4.84%
- 10Y*
- 4.52%
- ALL TIME*
- 3.81%
FLRT
- 1D
- 0.04%
- 1M
- 0.42%
- 6M
- 1.88%
- YTD
- 2.44%
- 1Y
- 5.13%
- 3Y*
- 7.90%
- 5Y*
- 6.08%
- 10Y*
- 4.77%
- ALL TIME*
- 4.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.79M | $4.57M | $4.68M | |
| $44.81M | $49.21M | $72.42M |
SRLN vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRLN State Street Blackstone Senior Loan ETF | 1.61% | 6.77% | 8.43% | 11.62% | -5.30% | 4.49% | 3.13% | 10.03% | -0.66% | 3.39% |
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 2.44% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 2.78% | 9.44% | -1.14% | 1.72% |
Correlation
The correlation between SRLN and FLRT is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.26 |
The correlation between SRLN and FLRT shifts across timeframes, from 0.26 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SRLN vs. FLRT — Risk / Return Rank
SRLN
FLRT
SRLN vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Blackstone Senior Loan ETF (SRLN) 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.
| SRLN | FLRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.76 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 2.90 | -1.41 |
| Martin ratioReturn relative to average drawdown | 5.50 | 10.63 | -5.14 |
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Drawdowns
SRLN vs. FLRT - Drawdown Comparison
The maximum SRLN drawdown since its inception was -22.29%, which is greater than FLRT's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for SRLN and FLRT.
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Drawdown Indicators
| SRLN | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -20.96% | -1.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -1.78% | -1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -4.26% | -2.87% | -1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -7.93% | -7.60% | -0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -22.29% | -20.96% | -1.33% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -1.39% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.48% | +0.40% |
Volatility
SRLN vs. FLRT - Volatility Comparison
State Street Blackstone Senior Loan ETF (SRLN) has a higher volatility of 0.51% compared to Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) at 0.29%. This indicates that SRLN'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
| SRLN | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 0.29% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 1.19% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 1.49% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.92% | 2.30% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 6.09% | -0.03% |
SRLN vs. FLRT - Expense Ratio Comparison
SRLN has a 0.70% expense ratio, which is higher than FLRT's 0.60% expense ratio.
Dividends
SRLN vs. FLRT - Dividend Comparison
SRLN's dividend yield for the trailing twelve months is around 7.34%, more than FLRT's 6.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 6.71% | 6.93% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
SRLN State Street Blackstone Senior Loan ETF | 7.34% | 7.67% | 8.58% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% |
Frequently Asked Questions
SRLN and FLRT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRLN has higher volatility (0.51%) compared to FLRT (0.29%). In terms of maximum drawdown, SRLN dropped -22.29% vs FLRT's -20.96%.
On 10-year performance, FLRT leads with 4.77% vs 4.52% for SRLN. On fees, FLRT is cheaper at 0.60% 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 4.77% return vs 4.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLRT is cheaper with a 0.60% expense ratio, compared with 0.70% for SRLN.
SRLN has the higher dividend yield at 7.34%, compared with 6.71% for FLRT.
They also come from different issuers: State Street and Pacer. Their fees differ too: 0.70% for SRLN and 0.60% for FLRT.
FLRT currently has the higher Sharpe Ratio (3.46 vs 1.66), 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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