Share Price Chart
Loading graphics...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Franklin Liberty High Yield Corporate ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Loading graphics...
Returns By Period
Franklin Liberty High Yield Corporate ETF (FLHY) has returned -0.13% so far this year and 8.18% over the past 12 months.
Franklin Liberty High Yield Corporate ETF
- 1D
- 0.94%
- 1M
- -0.88%
- YTD
- -0.13%
- 6M
- 1.59%
- 1Y
- 8.18%
- 3Y*
- 8.76%
- 5Y*
- 4.61%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jun 1, 2018, FLHY's average daily return is +0.02%, while the average monthly return is +0.50%. At this rate, your investment would double in approximately 11.6 years.
Historically, 68% of months were positive and 32% were negative. The best month was May 2020 with a return of +6.0%, while the worst month was Mar 2020 at -11.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FLHY closed higher 51% of trading days. The best single day was Mar 26, 2020 with a return of +4.1%, while the worst single day was Mar 16, 2020 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.76% | 0.00% | -0.88% | -0.13% | |||||||||
| 2025 | 1.26% | 0.67% | -1.04% | 0.33% | 1.68% | 1.93% | 0.18% | 1.15% | 1.05% | 0.21% | 0.69% | 0.82% | 9.26% |
| 2024 | 0.47% | 0.52% | 1.32% | -0.99% | 1.98% | 0.67% | 2.09% | 1.55% | 1.03% | -1.01% | 1.38% | -0.56% | 8.70% |
| 2023 | 3.93% | -1.82% | 2.46% | 0.27% | -0.63% | 1.76% | 1.40% | 0.22% | -1.16% | -1.31% | 4.53% | 3.24% | 13.40% |
| 2022 | -2.14% | -1.58% | -1.35% | -3.74% | 1.30% | -7.16% | 5.69% | -2.91% | -3.56% | 2.99% | 3.51% | -1.30% | -10.45% |
| 2021 | -0.56% | 0.17% | 0.47% | 0.89% | 0.20% | 1.22% | 0.37% | 0.36% | 0.09% | -0.45% | -1.33% | 2.82% | 4.27% |
Benchmark Metrics
Franklin Liberty High Yield Corporate ETF has an annualized alpha of 1.93%, beta of 0.31, and R² of 0.56 versus S&P 500 Index. Calculated based on daily prices since June 04, 2018.
- This ETF participated in 40.79% of S&P 500 Index downside but only 35.47% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.31 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.93%
- Beta
- 0.31
- R²
- 0.56
- Upside Capture
- 35.47%
- Downside Capture
- 40.79%
Expense Ratio
FLHY has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FLHY ranks 79 for risk / return — better than 79% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin Liberty High Yield Corporate ETF (FLHY) and compare them to a chosen benchmark (S&P 500 Index).
| FLHY | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 0.90 | +0.45 |
Sortino ratioReturn per unit of downside risk | 1.90 | 1.39 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.21 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.14 | 1.40 | +0.74 |
Martin ratioReturn relative to average drawdown | 10.77 | 6.61 | +4.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore FLHY risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Franklin Liberty High Yield Corporate ETF provided a 6.59% dividend yield over the last twelve months, with an annual payout of $1.59 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.59 | $1.60 | $1.55 | $1.47 | $1.44 | $1.51 | $1.46 | $1.47 | $1.02 |
Dividend yield | 6.59% | 6.53% | 6.51% | 6.26% | 6.54% | 5.76% | 5.47% | 5.61% | 4.27% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Liberty High Yield Corporate ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.13 | $0.11 | $0.25 | |||||||||
| 2025 | $0.00 | $0.13 | $0.12 | $0.14 | $0.15 | $0.13 | $0.12 | $0.15 | $0.13 | $0.13 | $0.14 | $0.26 | $1.60 |
| 2024 | $0.00 | $0.13 | $0.12 | $0.13 | $0.14 | $0.14 | $0.11 | $0.14 | $0.12 | $0.11 | $0.15 | $0.26 | $1.55 |
| 2023 | $0.00 | $0.07 | $0.11 | $0.12 | $0.16 | $0.14 | $0.12 | $0.11 | $0.13 | $0.12 | $0.13 | $0.25 | $1.47 |
| 2022 | $0.00 | $0.10 | $0.10 | $0.15 | $0.12 | $0.12 | $0.11 | $0.09 | $0.14 | $0.13 | $0.11 | $0.28 | $1.44 |
| 2021 | $0.18 | $0.09 | $0.10 | $0.10 | $0.10 | $0.12 | $0.11 | $0.11 | $0.12 | $0.10 | $0.00 | $0.37 | $1.51 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading graphics...
Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Liberty High Yield Corporate ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Liberty High Yield Corporate ETF was 22.58%, occurring on Mar 23, 2020. Recovery took 89 trading sessions.
The current Franklin Liberty High Yield Corporate ETF drawdown is 1.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.58% | Feb 13, 2020 | 27 | Mar 23, 2020 | 89 | Jul 29, 2020 | 116 |
| -15.19% | Dec 28, 2021 | 189 | Sep 27, 2022 | 305 | Dec 13, 2023 | 494 |
| -5.44% | Oct 4, 2018 | 56 | Dec 24, 2018 | 17 | Jan 18, 2019 | 73 |
| -4.49% | Mar 4, 2025 | 26 | Apr 8, 2025 | 23 | May 12, 2025 | 49 |
| -2.48% | Sep 16, 2021 | 51 | Nov 26, 2021 | 18 | Dec 22, 2021 | 69 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading graphics...