FLHY vs. BSJP

Last updated Jun 5, 2026

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Liberty High Yield Corporate ETF (FLHY) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FLHY

• 1D: 0.12%
• 1M: 0.27%
• YTD: 1.87%
• 6M: 2.45%
• 1Y: 7.53%
• 3Y*: 9.36%
• 5Y*: 4.75%
• 10Y*: —

BSJP

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

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

FLHY vs. BSJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FLHY Franklin Liberty High Yield Corporate ETF	1.87%	9.26%	8.70%	13.40%	-10.45%	4.27%	7.77%	16.39%	-1.31%
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%	-3.14%

Correlation

The correlation between FLHY and BSJP is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jun 4, 2018	0.74

The correlation between FLHY and BSJP shifts across timeframes, from -0.06 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

FLHY vs. BSJP - Sectors Allocation Comparison

Sectors	FLHY	BSJP
Energy	1.9%	0.1%
Industrials	1.6%	4.7%
Technology	1.6%	-
Healthcare	0.9%	-
Basic Materials	0.7%	-
Utilities	0.6%	-
Consumer Cyclical	0.6%	-
Financial Services	0.5%	95.2%
Communication Services	0.4%	-
Real Estate	0.3%	-
Consumer Defensive	0.2%	-

Return for Risk

FLHY vs. BSJP — Risk / Return Rank

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

FLHY

FLHY Risk / Return Rank: 66
FLHY Sharpe Ratio Rank: 60
FLHY Sortino Ratio Rank: 66
FLHY Omega Ratio Rank: 65
FLHY Calmar Ratio Rank: 64
FLHY Martin Ratio Rank: 77

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. 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.

	FLHY	BSJP	Difference
Sharpe ratio: Return per unit of total volatility	1.98	—	—
Sortino ratio: Return per unit of downside risk	3.02	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.11	—	—
Martin ratio: Return relative to average drawdown	14.63	—	—
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	BSJP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	—	—
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

Drawdown Indicators

	FLHY	BSJP	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-0.06%	—	—
Average Drawdown Average peak-to-trough decline	-2.54%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	—	—

Volatility

Volatility by Period

	FLHY	BSJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.83%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.94%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.11%	—	—

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 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	2.26%	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

Can I hold both FLHY and BSJP in my portfolio?

FLHY and BSJP have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLHY or BSJP?

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 BSJP?

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

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

FLHY has the higher dividend yield at 6.46%, compared with 2.26% for BSJP.

What is the main difference between FLHY and BSJP?

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