FLHY vs. BSJO
Compare and contrast key facts about Franklin Liberty High Yield Corporate ETF (FLHY) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO).
FLHY and BSJO 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. BSJO is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2024 TR Index. It was launched on Sep 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLHY or BSJO.
Correlation
The correlation between FLHY and BSJO is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FLHY vs. BSJO - Performance Comparison
Key characteristics
Returns By Period
FLHY
1.47%
0.67%
2.80%
9.64%
4.49%
N/A
BSJO
N/A
N/A
N/A
N/A
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FLHY vs. BSJO - Expense Ratio Comparison
FLHY has a 0.40% expense ratio, which is lower than BSJO's 0.42% expense ratio.
Risk-Adjusted Performance
FLHY vs. BSJO — Risk-Adjusted Performance Rank
FLHY
BSJO
FLHY vs. BSJO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty High Yield Corporate ETF (FLHY) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO). 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. BSJO - Dividend Comparison
FLHY's dividend yield for the trailing twelve months is around 6.45%, while BSJO has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLHY Franklin Liberty High Yield Corporate ETF | 6.45% | 6.51% | 6.25% | 6.54% | 5.50% | 5.48% | 5.45% | 4.28% | 0.00% | 0.00% |
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF | 4.37% | 5.38% | 6.05% | 4.89% | 4.05% | 4.51% | 5.11% | 5.69% | 4.69% | 1.39% |
Drawdowns
FLHY vs. BSJO - Drawdown Comparison
Volatility
FLHY vs. BSJO - Volatility Comparison
Franklin Liberty High Yield Corporate ETF (FLHY) has a higher volatility of 0.91% compared to Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) at 0.00%. This indicates that FLHY's price experiences larger fluctuations and is considered to be riskier than BSJO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.