VSLCX vs. FLOTX

Last updated Jun 4, 2026

VSLCX (Invesco Senior Loan Fund Class C) and FLOTX (Donoghue Forlines Risk Managed Income Fund) are both Bank Loan funds. Over the past 5 years, VSLCX returned 3.37%/yr vs 2.71%/yr for FLOTX. At a 0.27 correlation, their price movements are largely independent. VSLCX charges 2.45%/yr vs 1.07%/yr for FLOTX.

Performance

VSLCX vs. FLOTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Senior Loan Fund Class C (VSLCX) and Donoghue Forlines Risk Managed Income Fund (FLOTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VSLCX achieves a -1.20% return, which is significantly lower than FLOTX's -0.55% return.

VSLCX

• 1D: 0.00%
• 1M: 0.38%
• YTD: -1.20%
• 6M: -0.80%
• 1Y: 0.79%
• 3Y*: 4.93%
• 5Y*: 3.37%
• 10Y*: 4.06%

FLOTX

• 1D: 0.00%
• 1M: 0.33%
• YTD: -0.55%
• 6M: 0.09%
• 1Y: 3.22%
• 3Y*: 5.20%
• 5Y*: 2.71%
• 10Y*: —

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

VSLCX vs. FLOTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VSLCX Invesco Senior Loan Fund Class C	-1.20%	3.98%	6.05%	9.82%	-3.89%	7.39%	0.29%	6.81%	-2.13%
FLOTX Donoghue Forlines Risk Managed Income Fund	-0.55%	2.47%	6.76%	8.28%	-3.59%	2.45%	3.95%	3.51%	1.96%

Correlation

The correlation between VSLCX and FLOTX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Mar 29, 2018	0.27

The correlation between VSLCX and FLOTX shifts across timeframes, from 0.09 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VSLCX vs. FLOTX — Risk / Return Rank

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

VSLCX

VSLCX Risk / Return Rank: 4
VSLCX Sharpe Ratio Rank: 4
VSLCX Sortino Ratio Rank: 5
VSLCX Omega Ratio Rank: 5
VSLCX Calmar Ratio Rank: 4
VSLCX Martin Ratio Rank: 4

FLOTX

FLOTX Risk / Return Rank: 38
FLOTX Sharpe Ratio Rank: 47
FLOTX Sortino Ratio Rank: 48
FLOTX Omega Ratio Rank: 67
FLOTX Calmar Ratio Rank: 16
FLOTX Martin Ratio Rank: 13

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.

VSLCX vs. FLOTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan Fund Class C (VSLCX) and Donoghue Forlines Risk Managed Income Fund (FLOTX). 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.

	VSLCX	FLOTX	Difference
Sharpe ratio: Return per unit of total volatility	0.29	2.01	-1.72
Sortino ratio: Return per unit of downside risk	0.56	2.92	-2.36
Omega ratio: Gain probability vs. loss probability	1.08	1.46	-0.38
Calmar ratio: Return relative to maximum drawdown	0.25	1.42	-1.16
Martin ratio: Return relative to average drawdown	0.51	3.82	-3.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSLCX vs. FLOTX - Sharpe Ratio Comparison

The current VSLCX Sharpe Ratio is 0.29, which is lower than the FLOTX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of VSLCX and FLOTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VSLCX	FLOTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	2.01	-1.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	1.02	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	1.24	-0.52

Drawdowns

VSLCX vs. FLOTX - Drawdown Comparison

The maximum VSLCX drawdown since its inception was -48.59%, which is greater than FLOTX's maximum drawdown of -4.40%. Use the drawdown chart below to compare losses from any high point for VSLCX and FLOTX.

Drawdown Indicators

	VSLCX	FLOTX	Difference
Max Drawdown Largest peak-to-trough decline	-48.59%	-4.40%	-44.19%
Max Drawdown (1Y) Largest decline over 1 year	-3.45%	-2.36%	-1.09%
Max Drawdown (3Y) Largest decline over 3 years	-3.97%	-3.34%	-0.63%
Max Drawdown (5Y) Largest decline over 5 years	-8.82%	-4.40%	-4.42%
Max Drawdown (10Y) Largest decline over 10 years	-23.56%	—	—
Current Drawdown Current decline from peak	-2.19%	-0.97%	-1.22%
Average Drawdown Average peak-to-trough decline	-4.31%	-1.03%	-3.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	0.87%	+0.76%

Volatility

VSLCX vs. FLOTX - Volatility Comparison

Invesco Senior Loan Fund Class C (VSLCX) has a higher volatility of 1.10% compared to Donoghue Forlines Risk Managed Income Fund (FLOTX) at 0.43%. This indicates that VSLCX's price experiences larger fluctuations and is considered to be riskier than FLOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSLCX	FLOTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	0.43%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	2.08%	1.34%	+0.74%
Volatility (1Y) Calculated over the trailing 1-year period	3.00%	1.66%	+1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.03%	2.68%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.70%	2.46%	+2.24%

VSLCX vs. FLOTX - Expense Ratio Comparison

VSLCX has a 2.45% expense ratio, which is higher than FLOTX's 1.07% expense ratio.

Dividends

VSLCX vs. FLOTX - Dividend Comparison

VSLCX's dividend yield for the trailing twelve months is around 4.66%, less than FLOTX's 6.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLOTX Donoghue Forlines Risk Managed Income Fund	6.80%	5.79%	7.15%	7.16%	1.56%	2.13%	2.42%	3.78%	3.20%	0.00%	0.00%	0.00%
VSLCX Invesco Senior Loan Fund Class C	4.66%	6.03%	7.82%	7.94%	7.95%	4.00%	3.50%	3.95%	4.07%	3.42%	4.46%	5.34%

Frequently Asked Questions

Can I hold both VSLCX and FLOTX in my portfolio?

VSLCX and FLOTX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VSLCX or FLOTX?

VSLCX has higher volatility (1.10%) compared to FLOTX (0.43%). In terms of maximum drawdown, VSLCX dropped -48.59% vs FLOTX's -4.40%.

Which has better risk-adjusted returns?

FLOTX currently has the higher Sharpe Ratio (2.01 vs 0.29), 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.