FLHY vs. BLHY
Compare and contrast key facts about Franklin Liberty High Yield Corporate ETF (FLHY) and Virtus Newfleet High Yield Bond ETF (BLHY).
FLHY and BLHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLHY is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018. BLHY is an actively managed fund by Virtus Investment Partners. It was launched on Dec 5, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLHY or BLHY.
Key characteristics
| FLHY | BLHY |
|---|
Correlation
The correlation between FLHY and BLHY is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FLHY vs. BLHY - Performance Comparison
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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FLHY vs. BLHY - Expense Ratio Comparison
FLHY has a 0.40% expense ratio, which is lower than BLHY's 0.69% expense ratio.
Risk-Adjusted Performance
FLHY vs. BLHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty High Yield Corporate ETF (FLHY) and Virtus Newfleet High Yield Bond ETF (BLHY). 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
FLHY vs. BLHY - Dividend Comparison
FLHY's dividend yield for the trailing twelve months is around 6.50%, while BLHY has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FLHY Franklin Liberty High Yield Corporate ETF | 6.50% | 6.26% | 6.54% | 5.50% | 5.47% | 5.45% | 4.27% | 0.00% |
BLHY Virtus Newfleet High Yield Bond ETF | 5.63% | 7.20% | 6.63% | 4.96% | 3.66% | 5.44% | 5.76% | 3.84% |
Drawdowns
FLHY vs. BLHY - Drawdown Comparison
Volatility
FLHY vs. BLHY - Volatility Comparison
Franklin Liberty High Yield Corporate ETF (FLHY) has a higher volatility of 1.76% compared to Virtus Newfleet High Yield Bond ETF (BLHY) at 0.00%. This indicates that FLHY's price experiences larger fluctuations and is considered to be riskier than BLHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.