TFLR vs. FLRT
TFLR (T. Rowe Price Floating Rate ETF) and FLRT (Pacer Aristotle Pacific Floating Rate High Income ETF) are both Bank Loan funds. Both are actively managed. Over the past 3 years, TFLR returned 7.41%/yr vs 7.87%/yr for FLRT. Their 0.25 correlation means their historical movements had little consistent relationship. Both charge a 0.60% expense ratio.
Performance
TFLR vs. FLRT - Performance Comparison
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Returns By Period
In the year-to-date period, TFLR achieves a 1.99% return, which is significantly lower than FLRT's 2.39% return.
TFLR
- 1D
- 0.03%
- 1M
- 0.68%
- 6M
- 2.03%
- YTD
- 1.99%
- 1Y
- 4.96%
- 3Y*
- 7.41%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.77%
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 | |
| $4.35M | $3.87M | $3.99M |
TFLR vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TFLR T. Rowe Price Floating Rate ETF | 1.99% | 6.57% | 8.77% | 12.05% | -0.44% |
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 2.39% | 6.24% | 9.18% | 14.59% | 1.41% |
Correlation
The correlation between TFLR and FLRT is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2022 | 0.25 |
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Return for Risk
TFLR vs. FLRT — Risk / Return Rank
TFLR
FLRT
TFLR vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate ETF (TFLR) 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.
| TFLR | FLRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.76 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.89 | -0.67 |
| Martin ratioReturn relative to average drawdown | 10.10 | 10.59 | -0.49 |
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Drawdowns
TFLR vs. FLRT - Drawdown Comparison
The maximum TFLR drawdown since its inception was -4.01%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for TFLR and FLRT.
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Drawdown Indicators
| TFLR | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.01% | -20.96% | +16.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -1.78% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.01% | -2.87% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.60% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.96% | — |
Current DrawdownCurrent decline from peak | -0.06% | 0.00% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -1.39% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.48% | 0.00% |
Volatility
TFLR vs. FLRT - Volatility Comparison
T. Rowe Price Floating Rate ETF (TFLR) has a higher volatility of 0.48% compared to Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) at 0.29%. This indicates that TFLR'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
| TFLR | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 0.29% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.77% | 1.19% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.01% | 1.49% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.61% | 2.30% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.61% | 6.09% | -2.48% |
TFLR vs. FLRT - Expense Ratio Comparison
Both TFLR and FLRT have an expense ratio of 0.60%.
Dividends
TFLR vs. FLRT - Dividend Comparison
TFLR's dividend yield for the trailing twelve months is around 6.67%, which matches 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% |
TFLR T. Rowe Price Floating Rate ETF | 6.67% | 6.93% | 8.18% | 7.76% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TFLR and FLRT have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TFLR has higher volatility (0.48%) compared to FLRT (0.29%). In terms of maximum drawdown, TFLR dropped -4.01% vs FLRT's -20.96%.
On 3-year performance, FLRT leads with 7.87% vs 7.41% for TFLR. 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 3-year period, FLRT has performed better with a 7.87% return vs 7.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TFLR and FLRT have the same expense ratio: 0.60% per year.
FLRT has the higher dividend yield at 6.72%, compared with 6.67% for TFLR.
They also come from different issuers: T. Rowe Price and Pacer.
FLRT currently has the higher Sharpe Ratio (3.45 vs 2.40), 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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