Correlation
The correlation between FHRRX and SPHY is 0.39, 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.
FHRRX vs. SPHY
Compare and contrast key facts about Franklin High Income Fund (FHRRX) and SPDR Portfolio High Yield Bond ETF (SPHY).
FHRRX is managed by Franklin Templeton. It was launched on May 1, 2013. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHRRX or SPHY.
Performance
FHRRX vs. SPHY - Performance Comparison
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Key characteristics
FHRRX:
1.90
SPHY:
1.70
FHRRX:
2.60
SPHY:
2.48
FHRRX:
1.57
SPHY:
1.37
FHRRX:
1.97
SPHY:
1.97
FHRRX:
9.47
SPHY:
10.39
FHRRX:
0.85%
SPHY:
0.92%
FHRRX:
4.58%
SPHY:
5.64%
FHRRX:
-21.17%
SPHY:
-21.97%
FHRRX:
-0.02%
SPHY:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with FHRRX having a 2.76% return and SPHY slightly lower at 2.69%. Both investments have delivered pretty close results over the past 10 years, with FHRRX having a 4.78% annualized return and SPHY not far behind at 4.72%.
FHRRX
2.76%
1.73%
2.73%
8.65%
7.40%
6.36%
4.78%
SPHY
2.69%
1.71%
1.97%
9.50%
6.63%
6.00%
4.72%
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FHRRX vs. SPHY - Expense Ratio Comparison
FHRRX has a 0.50% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
FHRRX vs. SPHY — Risk-Adjusted Performance Rank
FHRRX
SPHY
FHRRX vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin High Income Fund (FHRRX) and SPDR Portfolio High Yield Bond ETF (SPHY). 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.
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Dividends
FHRRX vs. SPHY - Dividend Comparison
FHRRX's dividend yield for the trailing twelve months is around 6.58%, less than SPHY's 7.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHRRX Franklin High Income Fund | 6.58% | 7.03% | 6.36% | 6.28% | 5.10% | 5.48% | 5.71% | 6.30% | 5.74% | 6.14% | 7.53% | 4.33% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.66% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
FHRRX vs. SPHY - Drawdown Comparison
The maximum FHRRX drawdown since its inception was -21.17%, roughly equal to the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for FHRRX and SPHY.
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Volatility
FHRRX vs. SPHY - Volatility Comparison
Franklin High Income Fund (FHRRX) and SPDR Portfolio High Yield Bond ETF (SPHY) have volatilities of 1.52% and 1.47%, 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.
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