FHAIX vs. GUHYX
FHAIX (Franklin High Income Fund) and GUHYX (Victory High Yield Fund) are both High Yield Bonds funds. Over the past 10 years, FHAIX returned 5.51%/yr vs 5.23%/yr for GUHYX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. FHAIX charges 0.77%/yr vs 1.00%/yr for GUHYX.
Performance
FHAIX vs. GUHYX - Performance Comparison
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Returns By Period
In the year-to-date period, FHAIX achieves a 0.86% return, which is significantly lower than GUHYX's 0.91% return. Over the past 10 years, FHAIX has outperformed GUHYX with an annualized return of 5.51%, while GUHYX has yielded a comparatively lower 5.23% annualized return.
FHAIX
- 1D
- 0.00%
- 1M
- -0.60%
- 6M
- 0.35%
- YTD
- 0.86%
- 1Y
- 4.76%
- 3Y*
- 7.50%
- 5Y*
- 3.99%
- 10Y*
- 5.51%
- ALL TIME*
- 5.98%
GUHYX
- 1D
- 0.18%
- 1M
- -0.55%
- 6M
- 0.59%
- YTD
- 0.91%
- 1Y
- 4.35%
- 3Y*
- 7.75%
- 5Y*
- 2.11%
- 10Y*
- 5.23%
- ALL TIME*
- 5.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FHAIX vs. GUHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHAIX Franklin High Income Fund | 0.86% | 7.28% | 7.83% | 13.84% | -9.29% | 5.77% | 6.76% | 14.29% | -3.19% | 6.73% |
GUHYX Victory High Yield Fund | 0.91% | 9.75% | 8.19% | 10.63% | -16.89% | 4.86% | 7.65% | 14.94% | 0.33% | 9.96% |
Correlation
The correlation between FHAIX and GUHYX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999 | 0.57 |
The correlation between FHAIX and GUHYX shifts across timeframes, from 0.47 (3 years) to 0.58 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FHAIX vs. GUHYX — Risk / Return Rank
FHAIX
GUHYX
FHAIX vs. GUHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin High Income Fund (FHAIX) and Victory High Yield Fund (GUHYX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FHAIX | GUHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.87 | -0.18 |
| Martin ratioReturn relative to average drawdown | 8.08 | 8.82 | -0.74 |
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Drawdowns
FHAIX vs. GUHYX - Drawdown Comparison
The maximum FHAIX drawdown since its inception was -31.52%, which is greater than GUHYX's maximum drawdown of -29.53%. Use the drawdown chart below to compare losses from any high point for FHAIX and GUHYX.
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Drawdown Indicators
| FHAIX | GUHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.52% | -29.53% | -1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -2.54% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -4.55% | -4.27% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | -18.11% | +3.79% |
Max Drawdown (10Y)Largest decline over 10 years | -19.49% | -21.29% | +1.80% |
Current DrawdownCurrent decline from peak | -0.65% | -0.73% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -3.65% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.54% | +0.05% |
Volatility
FHAIX vs. GUHYX - Volatility Comparison
Franklin High Income Fund (FHAIX) has a higher volatility of 1.17% compared to Victory High Yield Fund (GUHYX) at 0.77%. This indicates that FHAIX's price experiences larger fluctuations and is considered to be riskier than GUHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHAIX | GUHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 0.77% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | 2.91% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 3.62% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 5.11% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.20% | 5.34% | +0.86% |
FHAIX vs. GUHYX - Expense Ratio Comparison
FHAIX has a 0.77% expense ratio, which is lower than GUHYX's 1.00% expense ratio.
Dividends
FHAIX vs. GUHYX - Dividend Comparison
FHAIX's dividend yield for the trailing twelve months is around 5.90%, less than GUHYX's 6.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHAIX Franklin High Income Fund | 5.90% | 4.71% | 6.37% | 6.09% | 5.97% | 5.63% | 5.19% | 5.45% | 5.99% | 5.49% | 5.84% | 7.19% |
GUHYX Victory High Yield Fund | 6.16% | 6.67% | 7.10% | 7.49% | 7.70% | 5.38% | 5.48% | 5.58% | 6.38% | 5.86% | 6.02% | 6.80% |
Frequently Asked Questions
FHAIX and GUHYX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHAIX has higher volatility (1.17%) compared to GUHYX (0.77%). In terms of maximum drawdown, FHAIX dropped -31.52% vs GUHYX's -29.53%.
GUHYX currently has the higher Sharpe Ratio (1.31 vs 1.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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