VSLCX vs. FLYRX
VSLCX (Invesco Senior Loan Fund Class C) and FLYRX (Pioneer Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, VSLCX returned 3.84%/yr vs 3.92%/yr for FLYRX. A 0.56 correlation means they provide meaningful diversification when combined. VSLCX charges 2.45%/yr vs 0.75%/yr for FLYRX.
Performance
VSLCX vs. FLYRX - Performance Comparison
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Returns By Period
In the year-to-date period, VSLCX achieves a -1.19% return, which is significantly lower than FLYRX's 2.09% return. Both investments have delivered pretty close results over the past 10 years, with VSLCX having a 3.84% annualized return and FLYRX not far ahead at 3.92%.
VSLCX
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- -1.19%
- YTD
- -1.19%
- 1Y
- -0.13%
- 3Y*
- 4.29%
- 5Y*
- 3.30%
- 10Y*
- 3.84%
FLYRX
- 1D
- 0.00%
- 1M
- 0.34%
- 6M
- 2.09%
- YTD
- 2.09%
- 1Y
- 4.22%
- 3Y*
- 5.30%
- 5Y*
- 4.01%
- 10Y*
- 3.92%
VSLCX vs. FLYRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSLCX Invesco Senior Loan Fund Class C | -1.19% | 3.98% | 6.05% | 9.82% | -3.89% | 7.39% | 0.29% | 6.81% | -1.16% | 4.59% |
FLYRX Pioneer Floating Rate Fund | 2.09% | 4.90% | 6.94% | 8.31% | -3.26% | 4.32% | 2.10% | 7.57% | 0.17% | 3.74% |
Correlation
The correlation between VSLCX and FLYRX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2007 | 0.56 |
Over the past year, the correlation between VSLCX and FLYRX has dropped to 0.30 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
VSLCX vs. FLYRX — Risk / Return Rank
VSLCX
FLYRX
VSLCX vs. FLYRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan Fund Class C (VSLCX) and Pioneer Floating Rate Fund (FLYRX). 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.
| VSLCX | FLYRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -4.11 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.63 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 4.69 | -4.73 |
| Martin ratioReturn relative to average drawdown | -0.08 | 13.77 | -13.84 |
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Drawdowns
VSLCX vs. FLYRX - Drawdown Comparison
The maximum VSLCX drawdown since its inception was -48.59%, which is greater than FLYRX's maximum drawdown of -30.67%. Use the drawdown chart below to compare losses from any high point for VSLCX and FLYRX.
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Drawdown Indicators
| VSLCX | FLYRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.59% | -30.67% | -17.92% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -0.94% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | -2.05% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -8.82% | -6.61% | -2.21% |
Max Drawdown (10Y)Largest decline over 10 years | -23.56% | -19.05% | -4.51% |
Current DrawdownCurrent decline from peak | -2.17% | 0.00% | -2.17% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -1.97% | -2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 0.32% | +1.49% |
Volatility
VSLCX vs. FLYRX - Volatility Comparison
Invesco Senior Loan Fund Class C (VSLCX) has a higher volatility of 1.10% compared to Pioneer Floating Rate Fund (FLYRX) at 0.61%. This indicates that VSLCX's price experiences larger fluctuations and is considered to be riskier than FLYRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSLCX | FLYRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.61% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.27% | 1.67% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 2.45% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.05% | 2.69% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 3.59% | +1.09% |
VSLCX vs. FLYRX - Expense Ratio Comparison
VSLCX has a 2.45% expense ratio, which is higher than FLYRX's 0.75% expense ratio.
Dividends
VSLCX vs. FLYRX - Dividend Comparison
VSLCX's dividend yield for the trailing twelve months is around 4.64%, less than FLYRX's 7.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLYRX Pioneer Floating Rate Fund | 7.18% | 7.48% | 5.87% | 6.45% | 5.40% | 3.46% | 3.91% | 5.01% | 4.70% | 4.13% | 3.88% | 3.85% |
VSLCX Invesco Senior Loan Fund Class C | 4.64% | 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
VSLCX and FLYRX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VSLCX has higher volatility (1.10%) compared to FLYRX (0.61%). In terms of maximum drawdown, VSLCX dropped -48.59% vs FLYRX's -30.67%.
FLYRX currently has the higher Sharpe Ratio (1.81 vs -0.05), 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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