FHAIX vs. VGLT
Compare and contrast key facts about Franklin High Income Fund (FHAIX) and Vanguard Long-Term Treasury ETF (VGLT).
FHAIX is managed by Franklin Templeton. It was launched on Dec 31, 1969. VGLT is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Long Treasury Index. It was launched on Nov 19, 2009.
Performance
FHAIX vs. VGLT - Performance Comparison
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FHAIX vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHAIX Franklin High Income Fund | -1.80% | 7.28% | 7.83% | 13.84% | -9.29% | 5.77% | 6.76% | 14.29% | -3.19% | 6.73% |
VGLT Vanguard Long-Term Treasury ETF | -0.09% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | 17.57% | 14.30% | -1.54% | 8.64% |
Returns By Period
In the year-to-date period, FHAIX achieves a -1.80% return, which is significantly lower than VGLT's -0.09% return. Over the past 10 years, FHAIX has outperformed VGLT with an annualized return of 6.26%, while VGLT has yielded a comparatively lower -0.86% annualized return.
FHAIX
- 1D
- 0.00%
- 1M
- -2.26%
- YTD
- -1.80%
- 6M
- -0.17%
- 1Y
- 5.96%
- 3Y*
- 7.51%
- 5Y*
- 4.11%
- 10Y*
- 6.26%
VGLT
- 1D
- -0.03%
- 1M
- -3.99%
- YTD
- -0.09%
- 6M
- -0.50%
- 1Y
- 0.42%
- 3Y*
- -1.57%
- 5Y*
- -4.88%
- 10Y*
- -0.86%
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FHAIX vs. VGLT - Expense Ratio Comparison
FHAIX has a 0.77% expense ratio, which is higher than VGLT's 0.03% expense ratio.
Return for Risk
FHAIX vs. VGLT — Risk / Return Rank
FHAIX
VGLT
FHAIX vs. VGLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin High Income Fund (FHAIX) and Vanguard Long-Term Treasury ETF (VGLT). 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.
| FHAIX | VGLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.04 | +1.11 |
Sortino ratioReturn per unit of downside risk | 1.58 | 0.12 | +1.46 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.02 | +0.36 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 0.14 | +1.41 |
Martin ratioReturn relative to average drawdown | 7.48 | 0.31 | +7.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FHAIX | VGLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.04 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | -0.34 | +1.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | -0.06 | +1.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.19 | +0.82 |
Correlation
The correlation between FHAIX and VGLT is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FHAIX vs. VGLT - Dividend Comparison
FHAIX's dividend yield for the trailing twelve months is around 5.92%, more than VGLT's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHAIX Franklin High Income Fund | 5.92% | 4.71% | 6.37% | 6.09% | 5.97% | 5.63% | 5.19% | 5.45% | 5.99% | 5.49% | 5.84% | 7.19% |
VGLT Vanguard Long-Term Treasury ETF | 4.49% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Drawdowns
FHAIX vs. VGLT - Drawdown Comparison
The maximum FHAIX drawdown since its inception was -31.52%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for FHAIX and VGLT.
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Drawdown Indicators
| FHAIX | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.52% | -46.18% | +14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -8.48% | +5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | -40.98% | +26.66% |
Max Drawdown (10Y)Largest decline over 10 years | -19.49% | -46.18% | +26.69% |
Current DrawdownCurrent decline from peak | -2.84% | -36.63% | +33.79% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -14.83% | +11.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 3.85% | -3.13% |
Volatility
FHAIX vs. VGLT - Volatility Comparison
The current volatility for Franklin High Income Fund (FHAIX) is 1.77%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 3.45%. This indicates that FHAIX experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHAIX | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 3.45% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.99% | 6.00% | -3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.20% | 10.35% | -5.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.83% | 14.60% | -8.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.24% | 13.84% | -7.60% |