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.
Key characteristics
| FLHY | BSJO | |
|---|---|---|
| YTD Return | 8.90% | 4.88% |
| 1Y Return | 14.58% | 6.73% |
| 3Y Return (Ann) | 3.75% | 2.30% |
| 5Y Return (Ann) | 4.83% | 3.10% |
| Sharpe Ratio | 3.47 | 5.57 |
| Sortino Ratio | 5.62 | 11.45 |
| Omega Ratio | 1.72 | 2.72 |
| Calmar Ratio | 4.06 | 10.04 |
| Martin Ratio | 30.13 | 111.26 |
| Ulcer Index | 0.50% | 0.06% |
| Daily Std Dev | 4.35% | 1.24% |
| Max Drawdown | -22.57% | -21.98% |
| Current Drawdown | -0.18% | 0.00% |
Correlation
The correlation between FLHY and BSJO is 0.72, 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
In the year-to-date period, FLHY achieves a 8.90% return, which is significantly higher than BSJO's 4.88% return. 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. 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 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 6.38%, more than BSJO's 5.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FLHY Franklin Liberty High Yield Corporate ETF | 6.38% | 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 | 5.90% | 6.05% | 4.89% | 4.06% | 4.51% | 5.10% | 5.68% | 4.87% | 1.39% |
Drawdowns
FLHY vs. BSJO - Drawdown Comparison
The maximum FLHY drawdown since its inception was -22.57%, roughly equal to the maximum BSJO drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for FLHY and BSJO. For additional features, visit the drawdowns tool.
Volatility
FLHY vs. BSJO - Volatility Comparison
Franklin Liberty High Yield Corporate ETF (FLHY) has a higher volatility of 1.03% compared to Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) at 0.12%. 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.