FDHY vs. FLHY
Compare and contrast key facts about Fidelity High Yield Factor ETF (FDHY) and Franklin Liberty High Yield Corporate ETF (FLHY).
FDHY and FLHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDHY is an actively managed fund by Fidelity. It was launched on Jun 12, 2018. 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: FDHY or FLHY.
Key characteristics
| FDHY | FLHY | |
|---|---|---|
| YTD Return | 7.81% | 9.01% |
| 1Y Return | 13.88% | 15.29% |
| 3Y Return (Ann) | 2.05% | 3.55% |
| 5Y Return (Ann) | 4.62% | 4.83% |
| Sharpe Ratio | 2.86 | 3.43 |
| Sortino Ratio | 4.63 | 5.54 |
| Omega Ratio | 1.56 | 1.71 |
| Calmar Ratio | 1.93 | 3.55 |
| Martin Ratio | 23.59 | 29.82 |
| Ulcer Index | 0.57% | 0.50% |
| Daily Std Dev | 4.69% | 4.38% |
| Max Drawdown | -20.01% | -22.57% |
| Current Drawdown | -0.21% | -0.08% |
Correlation
The correlation between FDHY and FLHY is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FDHY vs. FLHY - Performance Comparison
In the year-to-date period, FDHY achieves a 7.81% return, which is significantly lower than FLHY's 9.01% return. 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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FDHY vs. FLHY - Expense Ratio Comparison
FDHY has a 0.45% expense ratio, which is higher than FLHY's 0.40% expense ratio.
Risk-Adjusted Performance
FDHY vs. FLHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Yield Factor ETF (FDHY) 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
FDHY vs. FLHY - Dividend Comparison
FDHY's dividend yield for the trailing twelve months is around 6.41%, which matches FLHY's 6.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FDHY Fidelity High Yield Factor ETF | 6.41% | 6.26% | 5.34% | 6.09% | 5.78% | 4.94% | 3.07% |
FLHY Franklin Liberty High Yield Corporate ETF | 6.37% | 6.25% | 6.54% | 5.50% | 5.48% | 5.45% | 4.28% |
Drawdowns
FDHY vs. FLHY - Drawdown Comparison
The maximum FDHY drawdown since its inception was -20.01%, smaller than the maximum FLHY drawdown of -22.57%. Use the drawdown chart below to compare losses from any high point for FDHY and FLHY. For additional features, visit the drawdowns tool.
Volatility
FDHY vs. FLHY - Volatility Comparison
Fidelity High Yield Factor ETF (FDHY) and Franklin Liberty High Yield Corporate ETF (FLHY) have volatilities of 1.06% and 1.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.