FLHY vs. BSJO

Last updated Jun 4, 2026

FLHY (Franklin Liberty High Yield Corporate ETF) and BSJO (Invesco BulletShares 2024 High Yield Corporate Bond ETF) are both High Yield Bonds funds. FLHY is actively managed, while BSJO is passively managed. FLHY charges 0.40%/yr vs 0.42%/yr for BSJO.

Performance

FLHY vs. BSJO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Liberty High Yield Corporate ETF (FLHY) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FLHY

• 1D: -0.19%
• 1M: 0.40%
• YTD: 1.75%
• 6M: 2.35%
• 1Y: 7.80%
• 3Y*: 9.26%
• 5Y*: 4.73%
• 10Y*: —

BSJO

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLHY vs. BSJO - Yearly Performance Comparison

	2026 (YTD)
FLHY Franklin Liberty High Yield Corporate ETF	0.86%
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF	0.00%

Return for Risk

FLHY vs. BSJO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLHY

FLHY Risk / Return Rank: 67
FLHY Sharpe Ratio Rank: 60
FLHY Sortino Ratio Rank: 67
FLHY Omega Ratio Rank: 66
FLHY Calmar Ratio Rank: 65
FLHY Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLHY vs. BSJO - Risk-Adjusted Trends 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.

	FLHY	BSJO	Difference
Sharpe ratio: Return per unit of total volatility	2.05	—	—
Sortino ratio: Return per unit of downside risk	3.13	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	3.22	—	—
Martin ratio: Return relative to average drawdown	15.12	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FLHY	BSJO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	—	—

Drawdowns

FLHY vs. BSJO - Drawdown Comparison

The maximum FLHY drawdown since its inception was -22.58%, which is greater than BSJO's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FLHY and BSJO.

Drawdown Indicators

	FLHY	BSJO	Difference
Max Drawdown Largest peak-to-trough decline	-22.58%	0.00%	-22.58%
Max Drawdown (1Y) Largest decline over 1 year	-2.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.49%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.19%	—	—
Current Drawdown Current decline from peak	-0.19%	0.00%	-0.19%
Average Drawdown Average peak-to-trough decline	-2.54%	0.00%	-2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	—	—

Volatility

Volatility by Period

	FLHY	BSJO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.83%	0.00%	+3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.94%	0.00%	+6.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.11%	0.00%	+8.11%

FLHY vs. BSJO - Expense Ratio Comparison

FLHY has a 0.40% expense ratio, which is lower than BSJO's 0.42% expense ratio.

Dividends

FLHY vs. BSJO - Dividend Comparison

FLHY's dividend yield for the trailing twelve months is around 6.47%, while BSJO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FLHY Franklin Liberty High Yield Corporate ETF	6.47%	6.53%	6.51%	6.26%	6.54%	5.76%	5.47%	5.61%	4.27%

Frequently Asked Questions

Which ETF is better, FLHY or BSJO?

On fees, FLHY is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLHY or BSJO?

FLHY is cheaper with a 0.40% expense ratio, compared with 0.42% for BSJO.

Which ETF pays a higher dividend yield, FLHY or BSJO?

FLHY has the higher dividend yield at 6.47%, compared with 0.00% for BSJO.

What is the main difference between FLHY and BSJO?

They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.40% for FLHY and 0.42% for BSJO.