BLHY vs. FLHY
Compare and contrast key facts about Virtus Newfleet High Yield Bond ETF (BLHY) and Franklin Liberty High Yield Corporate ETF (FLHY).
BLHY and FLHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLHY is an actively managed fund by Virtus Investment Partners. It was launched on Dec 5, 2016. FLHY is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLHY or FLHY.
Key characteristics
| BLHY | FLHY |
|---|
Correlation
The correlation between BLHY and FLHY is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BLHY vs. FLHY - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BLHY vs. FLHY - Expense Ratio Comparison
BLHY has a 0.69% expense ratio, which is higher than FLHY's 0.40% expense ratio.
Risk-Adjusted Performance
BLHY vs. FLHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet High Yield Bond ETF (BLHY) and Franklin Liberty High Yield Corporate ETF (FLHY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BLHY vs. FLHY - Dividend Comparison
BLHY has not paid dividends to shareholders, while FLHY's dividend yield for the trailing twelve months is around 6.50%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BLHY Virtus Newfleet High Yield Bond ETF | 5.63% | 7.20% | 6.63% | 4.96% | 3.66% | 5.44% | 5.76% | 3.84% |
FLHY Franklin Liberty High Yield Corporate ETF | 6.50% | 6.26% | 6.54% | 5.50% | 5.47% | 5.45% | 4.27% | 0.00% |
Drawdowns
BLHY vs. FLHY - Drawdown Comparison
Volatility
BLHY vs. FLHY - Volatility Comparison
The current volatility for Virtus Newfleet High Yield Bond ETF (BLHY) is 0.00%, while Franklin Liberty High Yield Corporate ETF (FLHY) has a volatility of 1.76%. This indicates that BLHY experiences smaller price fluctuations and is considered to be less risky than FLHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.