FLBL vs FLRT
Franklin Senior Loan ETF vs Pacer Aristotle Pacific Floating Rate High Income ETF
Which is better, FLBL or FLRT?
Each has led over a different period.
FLBL has a lower expense ratio. FLBL led over the full window, FLRT over 1Y, 3Y and 5Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FLBL | FLRT |
|---|---|---|
| Expense Ratio | 0.45%Best | 0.60% |
| AUM | $801M | $1.0B |
| Dividend Yield | 7.48% | 6.71% |
| Holdings | 586 | 315 |
| YTD Return | -2.99% | +3.02%Best |
| 1Y Return | -2.71% | +4.69%Best |
| 3Y Return (annualized) | +3.77% | +7.53%Best |
| 5Y Return (annualized) | +3.93% | +6.01%Best |
| Volatility (annualized) | 5.3%Best | 5.9% |
| Max Drawdown | -19.5%Best | -22.1% |
| $10,000 over 5 years | $12,126 | $13,389Best |
| Fund Family | Franklin Templeton Investments (US) | Pacer ETFs |
| Category | Fixed Income | Fixed Income |
| Style | Bank Loan | Bank Loan |
| Inception | May 30, 2018 | Feb 18, 2015 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 1, 2018 to Oct 14, 2026 (8.4 years).
FLBL vs FLRT growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.4 years both funds cover.
FLBL vs FLRT Performance
Franklin Senior Loan ETF (FLBL) is an ETF from Franklin Templeton Investments (US) and Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) is an ETF from Pacer ETFs. Over the past year FLBL returned -2.71% while FLRT returned +4.69%. Year to date, FLBL is down 2.99% versus a gain of 3.02% for FLRT.
Over three years, FLBL compounded at +3.77% per year against +7.53% for FLRT; over five years the annualized figures are +3.93% and +6.01% respectively. Across the full 8-year window we track, FLBL has the edge at +3.77% annualized vs +3.75%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLRT has been the more volatile fund, with annualized monthly volatility of 5.9% compared with 5.3% for FLBL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.5% for FLBL and -22.1% for FLRT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLBL charges 0.45% per year while FLRT charges 0.60%. On a $10,000 position that is $45 vs $60 annually, a gap of $15 per year that compounds over a long holding period. On income, FLBL currently yields 7.48% against 6.71% for FLRT.
Holdings Overlap
We hold position weights for 31 holdings in FLBL and 74 in FLRT, totalling 15.0% and 17.6% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 31 positions we hold weights for in FLBL and 74 in FLRT, against full books of 586 and 315.
Top Shared Holdings
| Stock | Weight in FLBL | Weight in FLRT | Difference |
|---|---|---|---|
| HYGIshares Iboxx $ High Yield Corporate Bond Fund | 0.74% | 0.41% | 0.33% |
You are not choosing between two funds in isolation.
Whichever of FLBL and FLRT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FLBL or FLRT?
FLBL has an expense ratio of 0.45% while FLRT charges 0.60%. FLBL is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, FLBL or FLRT?
Over the past year FLBL returned -2.71% vs +4.69% for FLRT, so FLRT leads on 1-year performance. Over the longest common window we track (8 years), FLBL annualized +3.77% vs +3.75% for FLRT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLBL or FLRT?
FLRT has been the more volatile fund at 5.9% annualized versus 5.3% for FLBL. Worst drawdown: FLBL -19.5% vs FLRT -22.1%.
Should I hold both FLBL and FLRT?
FLBL and FLRT have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FLBL or FLRT?
FLBL yields 7.48% while FLRT yields 6.71%, so FLBL currently pays the higher dividend yield.
Is FLRT better than FLBL?
FLBL has a lower expense ratio. FLBL led over the full window, FLRT over 1Y, 3Y and 5Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.