FLHY vs. BSJP
FLHY (Franklin Liberty High Yield Corporate ETF) and BSJP (Invesco BulletShares 2025 High Yield Corporate Bond ETF) are both High Yield Bonds funds. FLHY is actively managed, while BSJP is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. FLHY charges 0.40%/yr vs 0.42%/yr for BSJP.
Performance
FLHY vs. BSJP - Performance Comparison
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Returns By Period
FLHY
- 1D
- 0.02%
- 1M
- 0.11%
- YTD
- 1.96%
- 6M
- 2.02%
- 1Y
- 6.82%
- 3Y*
- 9.31%
- 5Y*
- 4.57%
- 10Y*
- —
BSJP
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLHY vs. BSJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLHY Franklin Liberty High Yield Corporate ETF | 1.96% | 9.26% | 8.70% | 13.40% | -10.45% | 4.27% | 7.77% | 16.39% | -1.59% |
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF | 0.00% | 4.46% | 8.07% | 10.41% | -5.16% | 4.57% | 4.16% | 16.89% | -2.98% |
Correlation
The correlation between FLHY and BSJP is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2018 | 0.74 |
The correlation between FLHY and BSJP shifts across timeframes, from -0.05 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLHY vs. BSJP — Risk / Return Rank
FLHY
BSJP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLHY vs. BSJP - 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 2025 High Yield Corporate Bond ETF (BSJP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLHY | BSJP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | — | — |
| Martin ratioReturn relative to average drawdown | 13.18 | — | — |
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Drawdowns
FLHY vs. BSJP - Drawdown Comparison
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Drawdown Indicators
| FLHY | BSJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -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 DrawdownCurrent decline from peak | -0.19% | — | — |
Average DrawdownAverage peak-to-trough decline | -2.52% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | — | — |
Volatility
FLHY vs. BSJP - Volatility Comparison
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Volatility by Period
| FLHY | BSJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.95% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.09% | — | — |
FLHY vs. BSJP - Expense Ratio Comparison
FLHY has a 0.40% expense ratio, which is lower than BSJP's 0.42% expense ratio.
Dividends
FLHY vs. BSJP - Dividend Comparison
FLHY's dividend yield for the trailing twelve months is around 6.46%, more than BSJP's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF | 1.89% | 4.50% | 6.25% | 7.07% | 5.37% | 4.27% | 4.96% | 5.49% | 5.84% | 1.32% |
FLHY Franklin Liberty High Yield Corporate ETF | 6.46% | 6.53% | 6.51% | 6.26% | 6.54% | 5.76% | 5.47% | 5.61% | 4.27% | 0.00% |
Frequently Asked Questions
FLHY and BSJP have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
FLHY is cheaper with a 0.40% expense ratio, compared with 0.42% for BSJP.
FLHY has the higher dividend yield at 6.46%, compared with 1.89% for BSJP.
They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.40% for FLHY and 0.42% for BSJP.
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