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 51 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% | 2.75B | Jul 2023 | FLHY vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.60B | Jun 2012 | FLHY vs SPHY | |
| Nuveen High Yield Corporate Bond ETF | 0.08% | 1.70B | Sep 2025 | FLHY vs NHYB | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 28.59B | Oct 2017 | FLHY vs USHY | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 615.72M | Sep 2016 | FLHY vs BBHY |
Best Risk-Adjusted Alternatives to FLHY
FLHY has a PortfoliosLab risk / return rank of 76. There are 24 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 96 | 870.26M | Aug 2018 | FLHY vs BSJQ | |
| Virtus Seix Senior Loan ETF | 96 | 251.21M | Apr 2019 | FLHY vs SEIX | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 94 | 259.69M | Dec 2013 | FLHY vs HYZD | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 90 | 865.81M | Sep 2019 | FLHY vs BSJR | |
| iShares Interest Rate Hedged High Yield Bond ETF | 90 | 596.69M | May 2014 | FLHY vs HYGH |
Top Performing FLHY Alternatives (YTD)
FLHY is at 2.22% YTD. There are 33 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 8.47%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 8.47% | — | Aug 2025 | FLHY vs DADS | |
| Man Active High Yield ETF | 6.16% | 19.82M | Sep 2025 | FLHY vs MHY | |
| ProShares High Yield-Interest Rate Hedged | 4.39% | 185.42M | May 2013 | FLHY vs HYHG | |
| VanEck Emerging Markets High Yield Bond ETF | 4.38% | 521.46M | May 2012 | FLHY vs HYEM | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 3.90% | 259.69M | Dec 2013 | FLHY vs HYZD |
Lowest Volatility Alternatives to FLHY
FLHY has 3.79% 1-year volatility. There are 62 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | FLHY vs ESHY | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.29% | 870.26M | Aug 2018 | FLHY vs BSJQ | |
| Virtus Seix Senior Loan ETF | 1.63% | 251.21M | Apr 2019 | FLHY vs SEIX | |
| State Street My2027 High Yield Corporate Bond ETF | 1.73% | 4.98M | Feb 2026 | FLHY vs MYHA | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 1.95% | 865.81M | Sep 2019 | FLHY vs BSJR |
Lowest Drawdown Alternatives to FLHY
FLHY has a 1-year max drawdown of -2.43%. There are 42 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.54%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 870.26M | Aug 2018 | FLHY vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 507.25M | Jul 2021 | FLHY vs IBHG | |
| Virtus Seix Senior Loan ETF | -1.13% | 251.21M | Apr 2019 | FLHY vs SEIX | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 865.81M | Sep 2019 | FLHY vs BSJR | |
| iShares iBonds 2028 Term High Yield and Income ETF | -1.22% | 457.18M | Mar 2022 | FLHY vs IBHH |
Other ETFs from Franklin Templeton
The 10 most viewed Franklin Templeton ETFs shown here include LVHI, FLIN, FLKR and span 11 categories. AUM among these funds goes as high as $5B.
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