FHAIX vs. VGSH
Compare and contrast key facts about Franklin High Income Fund (FHAIX) and Vanguard Short-Term Treasury ETF (VGSH).
FHAIX is managed by Franklin Templeton. It was launched on Dec 31, 1969. VGSH is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Treasury 1-3 Year Index. It was launched on Nov 19, 2009.
Performance
FHAIX vs. VGSH - Performance Comparison
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FHAIX vs. VGSH - 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% |
VGSH Vanguard Short-Term Treasury ETF | 0.28% | 5.07% | 4.00% | 4.31% | -3.86% | -0.60% | 3.04% | 3.52% | 1.55% | 0.04% |
Returns By Period
In the year-to-date period, FHAIX achieves a -1.80% return, which is significantly lower than VGSH's 0.28% return. Over the past 10 years, FHAIX has outperformed VGSH with an annualized return of 6.26%, while VGSH has yielded a comparatively lower 1.74% 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%
VGSH
- 1D
- 0.09%
- 1M
- -0.49%
- YTD
- 0.28%
- 6M
- 1.37%
- 1Y
- 3.75%
- 3Y*
- 3.98%
- 5Y*
- 1.79%
- 10Y*
- 1.74%
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FHAIX vs. VGSH - Expense Ratio Comparison
FHAIX has a 0.77% expense ratio, which is higher than VGSH's 0.03% expense ratio.
Return for Risk
FHAIX vs. VGSH — Risk / Return Rank
FHAIX
VGSH
FHAIX vs. VGSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin High Income Fund (FHAIX) and Vanguard Short-Term Treasury ETF (VGSH). 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 | VGSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 2.62 | -1.47 |
Sortino ratioReturn per unit of downside risk | 1.58 | 4.21 | -2.63 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.57 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 4.26 | -2.71 |
Martin ratioReturn relative to average drawdown | 7.48 | 16.28 | -8.79 |
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 | VGSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 2.62 | -1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.92 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | 1.11 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 1.02 | 0.00 |
Correlation
The correlation between FHAIX and VGSH is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FHAIX vs. VGSH - Dividend Comparison
FHAIX's dividend yield for the trailing twelve months is around 5.92%, more than VGSH's 3.95% 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% |
VGSH Vanguard Short-Term Treasury ETF | 3.95% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Drawdowns
FHAIX vs. VGSH - Drawdown Comparison
The maximum FHAIX drawdown since its inception was -31.52%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for FHAIX and VGSH.
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Drawdown Indicators
| FHAIX | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.52% | -5.70% | -25.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -0.88% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | -5.70% | -8.62% |
Max Drawdown (10Y)Largest decline over 10 years | -19.49% | -5.70% | -13.79% |
Current DrawdownCurrent decline from peak | -2.84% | -0.49% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -0.60% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.23% | +0.49% |
Volatility
FHAIX vs. VGSH - Volatility Comparison
Franklin High Income Fund (FHAIX) has a higher volatility of 1.77% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.52%. This indicates that FHAIX's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHAIX | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 0.52% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.99% | 0.84% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.20% | 1.44% | +3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.83% | 1.96% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.24% | 1.57% | +4.67% |