FLRT vs SPY
Pacer Aristotle Pacific Floating Rate High Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FLRT or SPY?
Bank Loan against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
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 | FLRT | SPY |
|---|---|---|
| Expense Ratio | 0.60% | 0.09%Best |
| AUM | $728M | $804.7B |
| Dividend Yield | 6.77% | 0.98% |
| Holdings | 300 | 505 |
| YTD Return | +2.89% | +13.51%Best |
| 1Y Return | +4.60% | +18.19%Best |
| 3Y Return (annualized) | +7.34% | +23.29%Best |
| 5Y Return (annualized) | +6.04% | +13.21%Best |
| Volatility (annualized) | 5.3%Best | 15.0% |
| Max Drawdown | -25.8%Best | -34.1% |
| $10,000 over 5 years | $13,408 | $18,596Best |
| Fund Family | Pacer ETFs | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Bank Loan | Large Cap Blend |
| Inception | Feb 18, 2015 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 19, 2015 to Sep 25, 2026 (11.6 years).
FLRT vs SPY 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 11.6 years both funds cover.
FLRT vs SPY Performance
Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) is an ETF from Pacer ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FLRT returned +4.60% while SPY returned +18.19%. Year to date, FLRT is up 2.89% versus a gain of 13.51% for SPY.
Over three years, FLRT compounded at +7.34% per year against +23.29% for SPY; over five years the annualized figures are +6.04% and +13.21% respectively. Across the full 12-year window we track, SPY has the edge at +12.59% annualized vs +2.54%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 5.3% for FLRT. 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 -25.8% for FLRT and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.58. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FLRT charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, FLRT currently yields 6.77% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 81 holdings in FLRT and 504 in SPY, totalling 34.9% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 81 positions we hold weights for in FLRT and 504 in SPY, against full books of 300 and 505.
You are not choosing between two funds in isolation.
Whichever of FLRT and SPY 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, FLRT or SPY?
FLRT has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, FLRT or SPY?
Over the past year FLRT returned +4.60% vs +18.19% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (12 years), FLRT annualized +2.54% vs +12.59% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLRT or SPY?
SPY has been the more volatile fund at 15.0% annualized versus 5.3% for FLRT. Worst drawdown: FLRT -25.8% vs SPY -34.1%.
Should I hold both FLRT and SPY?
FLRT and SPY have a monthly-return correlation of 0.58, 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, FLRT or SPY?
FLRT yields 6.77% while SPY yields 0.98%, so FLRT currently pays the higher dividend yield.
Is SPY better than FLRT?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.