Franklin Liberty High Yield Corporate ETF (FLHY) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FLHY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FLHY
FLHY charges 0.40% annually. There are 54 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab High Yield Bond ETF | 0.03% | 2.54B | Jul 2023 | FLHY vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.07B | Jun 2012 | FLHY vs SPHY | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.48B | Dec 2016 | FLHY vs HYLB | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 26.83B | Oct 2017 | FLHY vs USHY | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 608.96M | Sep 2016 | FLHY vs BBHY |
Best Risk-Adjusted Alternatives to FLHY
FLHY has a PortfoliosLab risk / return rank of 67. There are 29 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2025 Term High Yield & Income ETF | 97 | 364.90M | May 2019 | FLHY vs IBHE | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 95 | 1.03B | Aug 2018 | FLHY vs BSJQ | |
| BondBloxx US High Yield Energy Sector ETF | 94 | 5.96M | Feb 2022 | FLHY vs XHYE | |
| Pacific Global Senior Loan ETF | 85 | 615.17M | Feb 2015 | FLHY vs FLRT | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 85 | 8.41M | Nov 2024 | FLHY vs LDRH |
Top Performing FLHY Alternatives (YTD)
FLHY is at 1.75% YTD. There are 22 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 14.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 14.37% | — | Aug 2025 | FLHY vs DADS | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 3.92% | 510.68M | May 2012 | FLHY vs HYEM | |
| BondBloxx US High Yield Energy Sector ETF | 3.57% | 5.96M | Feb 2022 | FLHY vs XHYE | |
| Fidelity Sustainable High Yield ETF | 3.35% | 112.95M | Feb 2022 | FLHY vs FSYD | |
| ProShares High Yield-Interest Rate Hedged | 2.90% | 173.54M | May 2013 | FLHY vs HYHG |
Lowest Volatility Alternatives to FLHY
FLHY has 3.83% 1-year volatility. There are 74 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2024 Term High Yield & Income ETF | 0.00% | 310.08M | May 2019 | FLHY vs IBHD | |
| Invesco BulletShares 2024 High Yield Corporate Bon... | 0.00% | 437.22M | Sep 2016 | FLHY vs BSJO | |
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | FLHY vs ESHY | |
| iShares Euro High Yield Corporate Bond USD Hedged ... | 0.00% | 71.08M | Apr 2012 | FLHY vs HYXU | |
| iShares iBonds 2025 Term High Yield & Income ETF | 0.78% | 364.90M | May 2019 | FLHY vs IBHE |
Lowest Drawdown Alternatives to FLHY
FLHY has a 1-year max drawdown of -2.43%. There are 40 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2025 Term High Yield & Income ETF | -0.22% | 364.90M | May 2019 | FLHY vs IBHE | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 1.03B | Aug 2018 | FLHY vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 437.71M | Jul 2021 | FLHY vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 849.28M | Sep 2019 | FLHY vs BSJR | |
| BondBloxx US High Yield Energy Sector ETF | -1.21% | 5.96M | Feb 2022 | FLHY vs XHYE |
Other ETFs from Franklin Templeton
The 10 most viewed Franklin Templeton ETFs shown here include LVHI, FLIN, FLKR and span 8 categories. AUM among these funds goes as high as $5B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin International Low Volatility High Dividen... | Volatility Hedged Equity, Dividend | 89 | 11.71% | 4.94B | Jul 2016 | FLHY vs LVHI | |
| Franklin FTSE India ETF | Asia Pacific Equities | 2 | -11.92% | 2.53B | Feb 2018 | FLHY vs FLIN | |
| Franklin FTSE South Korea ETF | Asia Pacific Equities | 96 | 114.41% | 1.06B | Nov 2017 | FLHY vs FLKR | |
| Legg Mason Low Volatility High Dividend ETF | Volatility Hedged Equity, Dividend | 28 | 6.72% | 581.01M | Dec 2015 | FLHY vs LVHD | |
| Franklin International Core Dividend Tilt Index ET... | Foreign Large Cap Equities | 52 | 10.89% | 2.55B | Jun 2016 | FLHY vs DIVI | |
| Franklin FTSE Japan ETF | Japan Equities | 50 | 16.23% | 3.79B | Nov 2017 | FLHY vs FLJP | |
| Franklin Responsibly Sourced Gold ETF | Precious Metals | 31 | 2.43% | 469.03M | Jun 2022 | FLHY vs FGDL | |
| Franklin FTSE China ETF | China Equities | 15 | -6.30% | 272.96M | Nov 2017 | FLHY vs FLCH | |
| Franklin FTSE Japan Hedged ETF | Japan Equities | 80 | 20.31% | 166.02M | Nov 2017 | FLHY vs FLJH | |
| Franklin Bitcoin ETF | Cryptocurrency | 2 | -25.36% | 426.34M | Jan 2024 | FLHY vs EZBC |
Often Compared With FLHY
Investors most often compare FLHY with FDHY, FLBL, GHYG. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare FLHY with Any Fund or Stock
Compare FLHY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FLHY with funds that move differently
Franklin Liberty High Yield Corporate ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FLHY.
Explore FLHY Diversifiers